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One Inc Launches Advanced 835 Remittance Solution, Enhancing Provider Payment Efficiency in Workers’ Compensation and Beyond

Fintech Finance

The enhanced ERA functionality within ClaimsPay enables insurers to effortlessly generate and distribute standardized 835 remittance files directly to hundreds of thousands of providers’ Revenue Cycle Management (RCM) systems. healthcare system, driven by fewer errors, faster processing times, and streamlined administrative tasks.

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B2B Payments Drive Instant Payments, Crypto Innovation

PYMNTS

Reports said that the legislation aims to also provide greater efficiency to address market fragmentation, with current financial service providers working with cryptocurrencies often operating in only one member state. The future of finance is digital,” said Valdis Dombrovskis , the panel’s executive vice president. “The

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The Not-So-Beaten Path To B2B Payments Real-Time Ubiquity

PYMNTS

Friction associated with traditional payment networks is plentiful, he told PYMNTS in a recent interview — and while real-time payment networks can address many of the related woes, their adoption will greatly rely on their ability to address corporates’ biggest pain points. Progress in Tackling Cross-Border Payments Friction.

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Mastercard Embraces Existing Rails To Drive B2B Payments Value

PYMNTS

ACH transactions have their drawbacks, but while it's possible to develop entirely new infrastructure to address those friction points, forcing businesses off of an electronic payment they already use toward a different payment method may not be the best strategy to modernize B2B payments. In the U.K., Rather, the U.K.

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Why Faster Payments Isn’t The Answer To Accounts Receivable Delays

PYMNTS

is a lack of remittance data, he said. Payments data is often sent separately from the funds, so even if a company receives a payment same day or in real time, information about who sent that payment, and why, still comes on a delay. where he doesn’t see the same type of regulatory pressure on late payers that the U.K.

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Billtrust CEO On Delivering The Perfect B2B Payment

PYMNTS

With ACH , the biggest challenge often comes in the form of remittance data being emailed separately from the movement of funds. For businesses managing tens of thousands of transactions every month, manually sifting through email inboxes to match remittance data with bank account information is a massive point of friction.

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How Inefficient B2B Payments Systems Hobble Business Growth

PYMNTS

. “Unfortunately, these processes are probably the last things that get addressed,” Clark told PYMNTS’ Karen Webster about when businesses plan for growth. Usually, the back office, where payments come in or go out, [is the] last to be addressed.” ” The First Step — And Beyond. A Holistic View.

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