Remove Audit Remove Reconciliation Remove Volume
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What is Reconciliation in Payments

Clearly Payments

In payments and finance, one of the most important activities that businesses perform is reconciliation. While it may sound like a complex term, reconciliation is simply the process of making sure that two sets of financial records match. What is Reconciliation? At its core, reconciliation is a comparison process.

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Clear Junction Extends Named Virtual IBAN Services to VASP-Licensed Businesses

Fintech Finance

This approach enables full traceability of funds, streamlined reconciliation, enhanced AML and KYC processes, and greater institutional trust. A named vIBAN is a unique code assigned to an individual customer for sending and receiving payments, without creating a separate payment account.

IBAN 81
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Automating Account Reconciliation in NetSuite

EBizCharge

Account reconciliation may not be the flashiest part of your finance operations, but it’s one of the most important. Getting your numbers right at the end of each month, quarter, or year depends on clean, accurate, and timely reconciliation. What Is Account Reconciliation? Automation also reduces the risk of human error.

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How a Payment Consultant Helps Enterprises Optimize Payments Infrastructure, Operations, & Costs

Clearly Payments

When those systems dont work in harmony, you end up with slow settlement times, reconciliation headaches, and poor customer experiences. This leads to technical debt, fragmented customer experiences, and difficulty integrating new technologies.

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Modernizing Government Payment Systems for Efficiency and Trust

Clearly Payments

Despite the volume and variety, many still rely on outdated systems that pose significant challenges: Inefficiency: Legacy systems often require manual intervention, increasing the time and cost of processing payments. Robust Reporting: Detailed dashboards and customizable reports simplify audit preparation and financial planning.

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Credit Card Merchant Services: What to Look for (and What Most Businesses Miss)

Stax

Reconciliation tools – Help you match payments to your records, track sales volume, and catch discrepancies. These vary based on card type, transaction volume, and risk level. This can significantly lower costs for businesses with high processing volume.

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Clear Junction Extends Named Virtual IBAN Services to VASP-Licensed Businesses

Fintech Finance

This approach enables full traceability of funds, streamlined reconciliation, enhanced AML and KYC processes, and greater institutional trust. A named vIBAN is a unique code assigned to an individual customer for sending and receiving payments, without creating a separate payment account.

IBAN 52