Remove Article Remove Duplicate Remove Payee
article thumbnail

How to Choose Between EFT vs ACH: A Comprehensive Guide

Stax

In this article, well help you do just that. ACH payment is more affordable and can be automated and payee-initiated, making it ideal for recurring transactions and subscription payments. Plus, you can reverse or cancel ACH payments in cases of fraudulent transactions or duplicate payments. Which one should you choose?

ACH 88
article thumbnail

What are Payment Reversals? Why Do They Happen & How Can Merchants Stop Them?

Fi911

In this article, we will delve into the topic of credit card payment reversals. When a payment reversal occurs, the transaction is effectively undone, meaning that the payee loses the funds that were initially transferred, and the payer regains their money. What happens when a transaction needs to be reversed, though? What is a Refund?

Payer 104
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Credit Card Reconciliation in QuickBooks Online

Nanonets

  In this article, we guide you through the credit card reconciliation process in QuickBooks, addressing common issues and providing useful tips to streamline the procedure. This can be quite time-consuming, so we have included some tips to simplify this at the end of the article. You can search based on the payee and amount.

article thumbnail

How to Use AI in Bank Statement Processing

Nanonets

In this article, we’ll explore applications of AI and automation for bank statement processing.    It involves extracting key details from bank statements, such as transaction amounts, dates, descriptions, account balances, payee names, account numbers, and transaction types (e.g., debit or credit, etc.

Process 52
article thumbnail

Merchant-facing regulation: What merchants need to know in 2025

The Payments Association

Merchant-facing regulation: What merchants need to know in 2025 15 May 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? PSPs and acquirers will now transmit richer remittance information, structured payer/payee details, and standardised reference fields. Why is it important?

article thumbnail

Payment Automation: The Future of Business Transactions

Nanonets

In this article, we'll explore the advantages of payment automation, how it works, and how it can be implemented to simplify payment processes and boost the bottom line for businesses of all sizes. The payment process using ACH transfers involves the payee creating a payment order which is received by the originator bank.

article thumbnail

What is bank reconciliation? Definition, examples, and process

Nanonets

this article, we will explore the process of bank reconciliation, provide an example of a bank reconciliation statement, offer tips, answer frequently asked questions (FAQs), and demonstrate how to use automation to streamline the reconciliation process. This severely impacts a company’s profitability.