South Burnett Regional Council to use EFTsure for Supplier Verification

EFTsure is a service provider that offers electronic funds transfer (EFT) payment protection while abiding by strict privacy, data protection and compliance controls. Their unique solution helps reduce payment fraud and errors by ensuring that electronic funds transfers go to the right payees. 

Additional compliance checks are also done for supplier’s ABN and GST status ensuring that Council is adhering to its Australian Taxation Office (ATO) responsibilities.   

Over the next few weeks, suppliers of Council may receive various emails from EFTsure asking for them to perform an onboarding process. 

This onboarding will ensure that all suppliers’ details and bank account information can be externally verified by EFTsure and will be set up in their system for when Council makes payments. 

After the initial onboarding process, new suppliers and any changes to bank details by existing suppliers will all be externally verified by EFTsure.  By having supplier details verified by EFTsure, Council is adding an extra layer of protection against supplier payment fraud.  

Please note that the implementation of this service will not affect who the supplier receives payment from. EFTsure does not pay any funds on Council’s behalf and are only used to verify the accuracy of data used by Council for payments. 

For further information please contact Council’s Finance team on 1300 789 279, 4189 9100 or email info@sbrc.qld.gov.au.