Evolve Payment

APRIL 3, 2025

But lets break it down: if you process $50,000 a month, this increase means youre paying an extra $1,500 per yearmoney that could go toward hiring, marketing, or even AI-powered tools to streamline your business. If youre processing over $10,000 a month, its time to consider a payment solution that works better for your bottom line.

Credit Cards 52

Credit Cards Process Processors Processing Costs 52

The Payments Association

JUNE 16, 2025

Momentum for open banking solutions will continue growing beyond this year, so merchants need flexible and scalable payment processes that meet consumers' evolving needs for fast and secure payments." 39% of merchants plan to implement AI-driven fraud detection—nearly quadrupling current usage and signalling a strategic technology shift.

Innovation 88

Innovation Cross-Border Fraud Prevention Payments 88

PYMNTS

JANUARY 2, 2019

to pinpoint exactly which technologies they expect to have the biggest impact on how businesses manage their money, with artificial intelligence and robotics process automation emerging as top focuses. Finance professionals spoke with Gartner, Inc. Moreover, half the respondents expect to deploy predictive analytics in the same period.”.

Blockchain 80

Blockchain AI B2B Payee 80

The Fintech Times

JANUARY 23, 2025

Sending cross-border payments, for example, often comes with heavy processing costs and conversion fees. ” Positive examples Miemczyk noted: “Fintech platforms like Cleo and Moneyhub are already showing how AI-powered financial coaching and personalised insights can help people make better financial decisions in real time.

FinTech 64

FinTech Financial Literacy Cross-Border Online and Mobile Banking 64

The Paypers

JUNE 3, 2025

ID-Pal , a provider of AI-powered identity verification solutions, has launched ID-Pal Once, a reusable KYC solution designed to optimise operational processes, cost, and user experience.

Processing Costs 36

Processing Costs Verification AI Process 36

Fintech Finance

JULY 9, 2025

The combined solution supports both paper and PDF invoice capture using OCR and AI-powered technology for advanced document processing and connects seamlessly with supplier portals while integrating with ERP and procurement systems. It provides global tax determination and ensures real-time compliance with e-invoicing regulations.

Automation 52

Automation Accounts Compliance Audit 52

The Fintech Times

FEBRUARY 14, 2024

Crucial for organisations worldwide, this transformation rewrites the rules and offers a seamless alternative to tedious data entry, high processing costs, and lost invoices, promising a new era of financial agility. AI-enhanced OCR capture: Artificial Intelligence can correct common image issues. What is AP automation?

Automation 103

Automation Process Duplicate Compliance 103

Fintech News

JANUARY 30, 2024

The Role of AI in Payment Services The introduction of artificial intelligence (AI) in the payments sector has brought a plethora of benefits. AI-powered processes have streamlined labour-intensive tasks, minimised errors, and sped up transactions.

Payments Trends 120

Payments Trends Digital Currency Distributed Ledger Technology (DLT) Cross-Border Payments 120

Clearly Payments

JANUARY 21, 2025

Efficiency Gains: Digital payment systems reduce processing costs by an average of 40%, as reported by the Government Finance Officers Association (GFOA). Fraud Reduction: Modern payment systems can lower fraud rates by up to 60% through advanced security measures like AI-based monitoring.

Government Payments 59

Government Payments Government Governance PCI DSS 59

EBizCharge

APRIL 24, 2025

Expertly engineered out of [the] box with more than 100 integrations, PCI compliant, AI fraud prevention, cost-saving surcharging solutions; this is the payment facilitator clearly winning the market. About EBizCharge EBizCharge reinvents how companies accept credit card payments with its all-in-one payment solution.

Payment Solutions 75

Payment Solutions Fraud Prevention CRM Payment Gateways 75

PYMNTS

OCTOBER 6, 2020

Against that backdrop, Aavenir recently announced an update to the Invoiceflow application that is geared toward making automatic invoicing even speedier through artificial intelligence (AI)-based invoice extraction. The updates, the company said, will speed invoice processing by 10 times and cut processing costs by 80 percent.

Automation 93

Automation AI Process Audit 93

Stax

MARCH 11, 2025

Reducing Payment Processing Costs Online payments processing comes with five main categories of fees that business owners must manage effectively to ensure good profit margins and sustainable business growth. AI-based fraud detection combines the peculiarities of rule-based detection with its innate machine-learning ability.

Online Payment Processing 88

Online Payment Processing Process Payment Gateways Online and Mobile Banking 88

Fintech Review

DECEMBER 6, 2024

With a team of nearly 1,200 people, and a singular focus on solving payments engineering problems at scale, JUSPAYs mission includes the application of Artificial Intelligence.

Value Added Service 52

Value Added Service Reconciliation Authentication Real Time Payments 52

Nanonets

APRIL 16, 2023

Looking for an AI based AP Automation solution? Give Nanonets ™ a spin for higher accuracy, greater flexibility, post-processing, and a broad set of integrations with other Accounting, ERP systems & more! Looking for an AI based Business Process Automation solution? So, what exactly is AP automation ?

Automation 52

Automation AI Accounts Reconciliation 52

Nanonets

NOVEMBER 14, 2024

OpenText AI, ML Cloud, On-premise Enterprise, custom quote Enterprise, compliance Flexible deployment, OpenText ecosystem 4.4 DocParser Zonal OCR, Templates Cloud Freemium, subscription SMB, structured docs Simpler setup, lower cost for fixed layouts 4.6 Now, let’s explore each alternative in detail. ⚡ Key features: 1.

Process 52

Process Automation Volume Verification 52

Nanonets

NOVEMBER 23, 2024

4 Nanonets AI-powered OCR with customizable workflows and in-built integration with ERP tools. Yes Custom pricing User-friendly design and efficient processing. 8 Mindee AI-driven document parsing with pre-trained models for diverse documents. Fast processing: Reduces time per page from minutes to seconds.

Multi-Currency 52

Multi-Currency API Automation Online and Mobile Banking 52

Nanonets

APRIL 24, 2025

Here's what the new automated medical records automation workflow looked like: Flowchart showing automated medical record processing workflow using Nanonets, with AI-driven document classification and extraction, quick validation, and doctors focusing on analysis. This convinced them we could handle their unique challenges.

Underwriting 52

Underwriting Automation Process Volume 52

PYMNTS

FEBRUARY 17, 2020

There are many types of financial technologies that traditional SMEs can embrace, such as AI (artificial intelligence), machine learning and ePayments. “Comparing this industry between five years ago and now, there’s a lot of technology that makes it easier to do business,” said Wong.

Cross-Border 92

Cross-Border API Cross-Border Payments Payments 92

PYMNTS

OCTOBER 22, 2020

Artificial intelligence (AI) could help to streamline the formerly time-consuming process of procurement, ZDNet reports. Procurement DocAI , announced in September, will help with using AI to capture valuable information from documents and other forms of unstructured data.

IBAN 60

IBAN Processing Costs AI Volume 60

Trade Credit & Liquidity Management

MAY 15, 2025

(Photo by Çağlar Oskay on Unsplash ) This launch is part of Balance’s broader mission to modernize B2B commerce by combining RTP-powered bank verification with AI-driven credit management, billing, collections, and cash application.

B2B 52

B2B RTP ACH Credential 52

PYMNTS

SEPTEMBER 18, 2020

And on the back end, it taps into AI technology to streamline, optimize and centralize supply chains. Odeko only charges a 5 percent fee on orders, and that includes the payment processing cost. Cloosiv aims to help small businesses make the digital shift more easily, particularly since the company merged in August with Odeko.

Small Business 105

Small Business Shutdown Returns Processing Costs 105

Nanonets

OCTOBER 18, 2024

  From AI-driven platforms to full-service automation, these top AP automation vendors help organizations future-proof processes and free up valuable resources. AP Solution Market Segment Value Proposition G2 Rating* Nanonets Midmarket + Enterprise AI-powered invoice OCR automation with customizable workflows 4.8/5

Payment APIs and Integration 52

Payment APIs and Integration Automation AI Multi-Currency 52

Nanonets

JANUARY 23, 2024

Imagine invoice processing costs dropping from  $40  to  $1.42  each. Many more such workflow automation are possible when you combine QuickBooks Online, Zapier, and AI-powered OCR tools like Nanonets. Automation in accounting? A game-changer! Create an invoice from a form submission on your site?

Automation 59

Automation Accounts Process AI 59

PYMNTS

NOVEMBER 14, 2019

DadeSystems has built an award-winning SaaS solution that streamlines accounts receivable processes, helping our customers increase efficiency, lower processing costs and shorten their invoice-to-cash cycles,” said DadeSystems President and CEO Bill Zayas. .

CHIPS 46

CHIPS NOV Reconciliation Processing Costs 46

FICO

MARCH 14, 2023

However, excessive or unnecessary claim pending and manual intervention in claims operations should be avoided, as it dramatically increases claim processing cost, increases the risk of errors and delays in claims administration, and may also harm patient, provider and stakeholder relations.

Automation 98

Automation Rules Process Innovation 98

Nanonets

FEBRUARY 1, 2024

Lost Productivity: The average invoice processing time in a manual environment can reach as high as 45 days. Looking to integrate AI into your AP function? Schedule a Demo Now let's see how AP Automation streamlines the accounts payable process and solves these problems. Looking to add AI to your Accounting process?

Automation 64

Automation Accounts Process Multi-Currency 64

Nanonets

FEBRUARY 20, 2024

Late 2010s-Present: Automated Accounts Payable Solutions The latest evolution involves the use of automation and artificial intelligence to automate the entire process including - Accounting and AP Intelligence: The advent of AI-based accounting systems has ushered in a new era of efficiency.

Automation 52

Automation Database AI Process 52

Nanonets

JULY 11, 2023

This article talks about the different processes within any electronics or related manufacturing company that can be automated using AI-based tools. Heavily manual processes like trade financing documentation or accounts receivable management can now be automated up to 90% of the way using digital tools like Nanonets.

Automation 40

Automation Process Compliance AI 40

Nanonets

AUGUST 17, 2023

  According to a  2018 Goldman Sachs report , North American B2B businesses spend around $187 billion annually on AP processing, with labor alone accounting for over 90% of direct costs. Central to Nanonets' capabilities is its AI-driven platform called Flow.

Automation 52

Automation Accounts Payment APIs and Integration Procedures 52

Nanonets

FEBRUARY 26, 2024

However, automated AP processing costs are just 33% of manual costs, resulting in significant annual savings of $62 billion for  AP departments. Benefits: Invoices don't get mismanaged and start getting processed as soon as they arrive. What is Accounts Payable Automation? into a single repository.

Automation 52

Automation Accounts Payment APIs and Integration Process 52

Nanonets

NOVEMBER 19, 2023

Less common, though, is leveraging next-generation automation and artificial intelligence (AI) tools and platforms to streamline the process further. Worse yet, they probably weren’t iteratively updating your process manual.

Automation 52

Automation Due Diligence Procedures Process 52

Nanonets

MARCH 20, 2023

  The use of accounts payable software results in a 73% faster processing time. According to Goldman Sachs , the use of accounts payable automation software also results in 33% reduction in processing costs. This is crucial for subsequent automated coding, matching, and approval processes.

Accounts 52

Accounts Payment APIs and Integration Multi-Currency Automation 52

Stax

JANUARY 17, 2024

ACH transactions are one of the fastest-growing modes of electronic payments in the world due to the convenience they offer, low processing costs, and enhanced security. AI and ML-based security These technologies enable monitoring fraud in real-time and offer insights into fraudulent transactions.

ACH 88

ACH Facilitators ISVS Payment APIs and Integration 88

Nanonets

FEBRUARY 20, 2024

Late 2010s-Present: Automated Accounts Payable Solutions The latest evolution involves the use of automation and artificial intelligence to automate the entire process including - Accounting and AP Intelligence: The advent of AI-based accounting systems has ushered in a new era of efficiency.

Automation 52

Automation Database Process Accounts 52

Nanonets

AUGUST 1, 2023

The recent advancements in AI and ML have made invoice imaging software much more robust, enabling AP teams to automate some of the most tedious aspects of the accounts payable processes. Now there are two types of invoice processing tools out there: Rule-based and AI-based. Route invoices to the right approvals.

Automation 52

Automation Process Accounts Rules 52

Nanonets

JUNE 19, 2024

ERP Integration: It seamlessly integrates with ERP systems, ensuring fully automated accounts payable processes. Cost-Effective: It's significantly more affordable for small to medium-sized businesses compared to its competitors. AI and Machine Learning Integration: It enhances error and fraud detection.

Small Business 52

Small Business Automation Audit P2P 52

Nanonets

MAY 30, 2024

Thus, it is clear that procurement automation streamlines the purchase process and enhances the performance of your business function. Here are some commonly seen benefits of automation in the procurement process: Cost Reduction : Automate repetitive tasks to reduce labor costs and minimize errors.

Automation 52

Automation Process P2P Compliance 52