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What is a Ledger Balance?

EBizCharge

To maintain a firm grip on the financial health of your business, it’s imperative to understand the difference between your ledger balance vs available balance. While the two balances are similar, they represent different aspects of an account’s financial health.

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In Australia, i2c Teams With Archa On SMB Solutions

PYMNTS

The Archa corporate card will be powered by i2c technology, and it leverages artificial intelligence (AI), machine learning (ML) and multiple data sources in an attempt to streamline risk assessment and allow for instant lines of credit for employee expense accounts.

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Wells Fargo Softens Overdraft Policy

PYMNTS

The embattled bank said the new feature, dubbed Overdraft Rewind, will automatically reverse overdraft fees assessed on customers’ accounts. These moves are an expansion of the June launch of Wells Fargo’s alert feature, a function that automatically notifies customers by email if their account balances drop to zero or less.

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Amazon Business Adds Invoicing, Allowing Buyers To Delay Payment

PYMNTS

In its email, Amazon Business assured that companies will receive payment no longer than seven days past-due, while the eCommerce conglomerate also assured sellers that it will handle credit risk assessment, billing and collection. percent of the total invoice cost.

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Amazon Business Invoicing Feature Takes Effect

PYMNTS

Amazon has also promised that it will handle credit risk assessment, billing and collection for its sellers. Sellers also have another option that will enable them to get paid even faster, but it comes at a cost: 1.5 percent of the total invoiced amount.

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Fighting Employee Turnover With Instant Access To Earned Wages

PYMNTS

The company also uses sophisticated machine learning (ML) technologies to assess each employee’s risk level, adjusting its payment offerings accordingly and carefully choosing the employers with which it collaborates. . Workers may want their money to be available the moment a need appears, but that’s not the only top-of-mind matter.

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What Is Plaid and Is It Safe to Use? Everything You Need to Know

Payment Savvy

Venmo then utilizes Plaid to securely confirm these account details and check your available balance. Regular Audits The application conducts routine security audits and assessments to identify and rectify vulnerabilities. The process begins when Venmo prompts you to input your online banking username and password.