Nuvo Launches Vendor Network to Enable Fast, Intelligent Vendor Onboarding and Fraud Prevention

SAN FRANCISCO--(BUSINESS WIRE)--Nuvo, the platform that powers trade in the physical goods economy, today announced the launch of Nuvo’s Vendor Network, a secure and intelligent product for onboarding vendors, validating credentials, and reducing fraud. The Vendor Network gives businesses a fast and reliable way to authenticate vendor information and automate compliance as supply chains become increasingly global and digital.

Companies that buy and sell physical goods rely on a broad and expanding vendor base. As more of these relationships move online, businesses face rising fraud attempts, growing compliance requirements, and greater operational complexity. With no marketplace or card network to verify vendor legitimacy or absorb losses, buyers must validate every vendor relationship themselves.

Most organizations still use manual, paper-based processes to collect and verify sensitive information such as bank details and tax forms. These workflows create verification gaps that fraudsters exploit. Forty-five percent of businesses report vendor impersonation attempts and half have experienced ACH redirect fraud, with only 22 percent recovering more than 75 percent of losses when attacks succeed.

Nuvo’s Vendor Network introduces a secure authentication layer designed specifically for vendor relationships. Through a simple invite link, vendors create a verified profile that includes:

• Instant Business Verification: Nuvo validates business and owner identities against official registries and checks data signals such as email domains and physical addresses. Clean, structured vendor data integrates directly into ERPs and downstream systems.
• Verified Bank Details: Instant and micro-deposit verification confirm that bank accounts belong to the vendor, reducing the risk of ACH redirect fraud and impersonation.
• AI Powered Tax Compliance: W9s and other tax documents are captured, validated, and resolved automatically to streamline compliance.
• Network Driven Risk Signals: Fraud patterns identified across the Nuvo network, paired with credit health indicators from trusted bureau partners, help businesses proactively assess and mitigate risk.

By securing and streamlining vendor onboarding, businesses can diversify their supplier base, reduce exposure to single points of failure, and maintain continuity when individual vendors face stockouts or price changes. Removing fraud from the supply chain increases reliability, lowers costs, and improves operational efficiency.

Nuvo’s Vendor Network already supports tens of thousands of verified vendors. As adoption grows, the network becomes faster, more secure, and more valuable for every participant.

About Nuvo

Nuvo builds the infrastructure that powers trade in the physical goods economy. By enabling businesses to verify identities, authenticate payment information, and automate compliance, Nuvo reduces fraud, increases trust, and helps supply chains operate with greater speed and resilience. To learn more, visit www.nuvo.com.