PYMNTS

SEPTEMBER 29, 2020

The digital route is a lighted path for CFOs facing a mountain of due diligence. Missed due dates can prevent buyers from meeting their own client commitments, after all. As businesses reinvent into their post-pandemic forms, new relationships will be part of the equation.

Due Diligence 66

Due Diligence B2B Treasury Management ACH 66

PYMNTS

OCTOBER 26, 2018

While payment rails like ACH, Faster Payments and beyond offer enhanced transmission of data, Nick Armstrong, CEO of identitii , says they still fall short of what corporates and their FIs need. “There is a different between sharing more information, and being able to securely share actual documents,” Armstrong told PYMNTS.

Remittance Data 60

Remittance Data ACH Request for Information RTP 60

PYMNTS

NOVEMBER 4, 2019

Gu recently spoke with PYMNTS about how same-day ACH and other digital disbursements are affecting the lending industry, as well as why lenders should focus on security and data protection as payment speeds increase. Upstart makes the vast majority of its payouts via same-day ACH transfers rather than relying on checks, Gu explained.

Instant Payments 46

Instant Payments Same Day ACH ACH Credit Cards 46

PYMNTS

APRIL 16, 2019

The company can also provide customers with payment terms, while facilitating an ACH payment to a supplier upon delivery — addressing otherwise conflicting financial needs of each side of the transaction.

B2B 73

B2B Risk Due Diligence Addressing 73

Stax

NOVEMBER 21, 2024

However, you must do your due diligence and be sure that the payment gateway will integrate seamlessly with your existing systems and your PSP’s platform. As a small business owner, building a payment gateway from scratch may be too time-consuming and expensive. You are likely better off opting for a third-party platform.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

Nanonets

MARCH 27, 2024

ACH vs. Wire Transfer A quick note before moving forward – most legacy international payment solutions were either via ACH or wire transfer. ACH transfers use a third-party facilitator to process a range of transactions, including debits, direct deposits, electronic checks, electronic fund transfers , and direct payments.

International Payments 52

International Payments Wire Transfer Cross-Border Wire 52

PYMNTS

JULY 18, 2019

The recurring issue that connects all three of these things is you don’t want to have an offline process to carry out the due diligence or verify the partners in the transaction,” he said. In some markets, the firm is reliant on the local ACH system.

Cross-Border 64

Cross-Border Transactions Technology Payment APIs and Integration 64

BNG Payments

FEBRUARY 4, 2022

With the use of cash dwindling as a payment preference, debit and credit cards and ACH take over as the predominant payment methods. ACH debit payments allow donors to give directly from their bank account. This is done by using an e-check, which is a payment that goes through the automated clearing house (ACH).

Credit Cards 52

Credit Cards Process Processors Online and Mobile Banking 52

PYMNTS

OCTOBER 13, 2017

The rule mandates that financial firms originating ACH transfers must identify and register their third-party sending customers with NACHA. Banks running due diligence would do well to move beyond standard practices and embrace robust and technologically automated solutions.

Risk 46

Risk Consumer Financial Protection Bureau (CFPB) Due Diligence Third-Party Sender 46

PYMNTS

MAY 4, 2020

While ACH payments can be an efficient way to settle invoices, for the suppliers that can accept them, virtual cards will become a critical and strategic B2B payment method for both buyers and suppliers. It is, however, an area of low-hanging fruit for CFOs seeking to quickly digitize financial processes.

Payer 66

Payer B2B Due Diligence Reconciliation 66

PYMNTS

JANUARY 12, 2017

While providing a smoother and faster payment experience to customers through initiatives like Same Day ACH generates interest among merchants, their adoption is often difficult. That’s where a bank’s enhanced due diligence protocols come into place. Getting to know the merchants.

Faster Payments 41

Faster Payments Same Day ACH Payment Solutions ACH 41

PYMNTS

JULY 29, 2020

While paper checks and ACH file generation may have been easier to manage within a centralized procurement department, with employees working from home, the ability to monitor and approve those transactions becomes far more difficult. It has created a new challenge for businesses that need some way to bridge the gap.

Due Diligence 53

Due Diligence B2B ACH Process 53

Evolve Payment

JUNE 8, 2023

In order to sustain and grow operations, it is a part of due diligence for businesses to have a steady stream of income that can support a range of business activities. Credit card payments generally clear faster than ACH payments and eCheck, which means the funds will appear in your merchant account sooner.

Credit Cards 52

Credit Cards B2B Payments Commercial Card 52

Seon

JULY 10, 2024

wire transfers, ACH, mobile payments) can ensure that each payment type is monitored appropriately for unique risks The Importance of Securing Payment Methods and Channels Securing various payment methods and channels is essential for maintaining trust and integrity in the financial system.

Transactions 52

Transactions Fraud Prevention Regulatory Compliance Payments 52

Faster Payments Council

SEPTEMBER 23, 2023

The presentation will diagram & outline how a reserve account is used for payment transactions from FedNow, ACH, RTP, etc. Panelists will share takeaways including steps banks and fintechs should take to determine if a partnership is a fit, ways to mitigate fraud.

FPC 88

FPC Federal Reserve RFP Faster Payments 88

Fintech Labs Insights

AUGUST 26, 2015

For every piece of investor information entered, WealthForge conducts third-party due diligence and bad actor checks. For fund transfers, WealthForge supports: ACH. Wire transfer. Self-directed IRA transfer.

Compliance 25

Compliance Technology Due Diligence Wire Transfer 25

Nanonets

APRIL 29, 2024

  In addition to the factors mentioned above, it's crucial to conduct due diligence and thorough research into various software options. Whether it's ACH payment processing, accounting integration, or API connections, Nanonets offers versatile integration options to fit your organization's needs.

Reconciliation 52

Reconciliation Payment APIs and Integration Audit Regulatory Compliance 52

Stax

DECEMBER 20, 2023

Your SaaS clients will need to have a master merchant account if they want to facilitate ACH, debit cards, eChecks, and credit card payments for their sub-merchants. You may already know some of those FinCEN requirements, depending on your type of application,” says Richard. “So

Underwriting 88

Underwriting Process Payment APIs and Integration Enrollments 88

Stax

NOVEMBER 6, 2023

If checks are the standard form of payment for your business or industry, here’s some good news: Stax has an electronic ACH processing feature for easy collection. Doing your due diligence now will save on pain later. You could always give them the ability to pay with more traditional methods, too.

Small Business 88

Small Business Mobile Payments Mobile Payment Processing Online and Mobile Banking 88

Nanonets

NOVEMBER 16, 2023

Even better, consider switching to ACH payments or wire transfers instead of printed checks. They should align with the goods or services received and must not be duplicates of invoices that were already processed. Things can’t get lost, the paper trail is indestructible, and payments are received almost immediately. 

Accounts 52

Accounts Best Practices Duplicate Checks 52

Fintech Labs Insights

AUGUST 21, 2015

At this point, Purcell explained, “the transaction is in the system, it’s registered, AML has been run, due diligence has been looked at. Once all the information is entered into the system, the subscription and escrow agreements are generated for investors to sign.

Payment APIs and Integration 24

Payment APIs and Integration Regs AML Issuers 24

Fintech Labs Insights

OCTOBER 3, 2016

Unveiled new ACH Account Verification API. Selected by PIMCO to improve due diligence and onboarding procedures. Launched new Common Reporting Standard solution for tax residency identification and due diligence. Unveiled its KYC due-diligence solution, Org ID. Earned spot in the Fintech 50 2016.

Payment APIs and Integration 18

Payment APIs and Integration Online and Mobile Banking Due Diligence Multi-Currency 18