Stax

MARCH 11, 2025

There are six main payment methods used in online payments, including credit & debit cards, digital wallets, ACH & bank transfers, direct debit, Buy Now, Pay Later (BNPL) services, and cryptocurrencies. AI-based fraud detection combines the peculiarities of rule-based detection with its innate machine-learning ability.

Online Payment Processing

EBizCharge

JANUARY 14, 2025

Overall, the payment gateway acts as a secure bridge that encrypts sensitive data, such as credit card details, to ensure the transaction is processed safely and efficiently. Fraud detection and prevention are critical features of a payment gateway. Thus, AI-powered fraud detection is on the rise.

Payment Gateways

EBizCharge

JULY 16, 2024

The National Automated Clearing House Association (NACHA) governs the operation of the Automated Clearing House (ACH) network , a centralized system financial institutions use to facilitate electronic payments and transactions across the U.S. Data security NACHA imposes stringent requirements to protect sensitive financial data.

NACHA

Payment Savvy

MAY 12, 2023

It involves using software and systems to manage invoices and payments electronically, reducing the need for manual processing. Payment automation solutions can handle complex payment processes, including early payment discounts, electronic payments, and automated clearing house (ACH) payments.

Automation

Stax

MARCH 14, 2024

B2B businesses tend to have longer payment terms with their clients and relationships usually focus on long-term, recurring business. The amount per transaction is often quite significant and as a result, there’s typically quite a bit of negotiation that goes into determining payment amounts, terms, and cycles.

B2B

Finovate

OCTOBER 16, 2024

To combat this, firms can implement automated validation systems to check the accuracy, authenticity, and compliance of payment transactions in real time. They can also use AI tools for fraud detection to help banks validate transactions without human intervention.

FedNow

FICO

NOVEMBER 30, 2022

Using techniques like social engineering or impersonating a trusted source, these criminals are scamming unsuspecting folks out of billions of dollars globally, using real-time payments channels to quickly make off with their ill-gotten gains. FIs need a different perspective to identify when APP fraud is happening.

Scams