Remove Automation Remove Reconciliation Remove Research
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Blink Payment Enters B2B Fashion Payments with Zedonk Partnership

Fintech Finance

Bank transfer also typically results in a cumbersome manual payment reconciliation process for brands: according to PwC, on average 30% of a finance team’s time is spent on manual reconciliation, with error rates between 0.8% Ease of payment significantly increases the likelihood of payment, so our next step was clear.

B2B
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Why virtual cards are essential to modern merchant payments

The Payments Association

That’s because merchants using virtual cards reduce reconciliation time, cut fraud exposure, and gain better visibility across spend categories. Virtual cards simplify supplier payments and speed up reconciliation Virtual cards aren’t just for T&E; they’re powering global B2B payments too.

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Accelerating All Stages of the Insurance Process: Edenred Payment Solutions Launches VCN Product

The Fintech Times

This will be greatly appreciated by the industry as according to research from Sollers Consulting and Ipsos , 63 per cent of UK customers consider a quick claims handling process as one of their top expectations from their insurer. It will automate the reconciliation of invoices with claim payouts, and reduce paperwork and delays.

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Payrails raises $32 million

Finextra

Founded by former executives from Stripe, Miro and Delivery Hero, Payrails offers a payment operating system purpose-built for enterprises with a modular architecture that includes payment orchestration, payouts, tokenization, unified analytics, automated reconciliation, and recently launched in-person payments.

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Powering the Software Platforms of Tomorrow, Worldpay Expands Embedded Payments Across the Globe

Fintech Finance

The demand for embedded financial services is growing fast with 90% of small- and medium-sized businesses indicating access to financial products and services from within their software platforms is critical, according to Worldpay ® research.

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AI Becomes the Banker: 21 Case Studies Transforming Digital Banking CX

Finextra

In the sections below, we break down the impact by five key areas of customer experience: personalization, self-service, customer engagement, support automation and accessibility. Research by IBM found that about 50% of enterprises in financial services have actively deployed AI, the highest of any sector.

AI
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Mastercard beefs up virtual card platform

Finextra

Mastercard beefs up virtual card platform Mastercard is modernizing supplier reconciliation and streamlining virtual card payments with several new enablers. Home Announcements Payments Mastercard beefs up virtual card platform External This content is provided by an external author without editing by Finextra.