The Payments Association

NOVEMBER 12, 2024

The hidden costs of building in-house When estimating the time required to build an in-house financial crime solution, several best practices should be considered. In contrast, third-party vendors offer solutions that have been tested across various environments, allowing for a more robust and reliable product.

Financial Crimes

PYMNTS

JUNE 20, 2019

Therefore, it is best practice to have a fraud monitor to actually view the transactions with a high fraud score and manually accept or deny those to further train the AI through that process.”. Machine learning] will help with generating new rules based on previous fraud or non-fraud decisions.

B2B

Innovative Payments Association

SEPTEMBER 5, 2024

In today's interconnected business landscape, companies often rely on third-party vendors, suppliers, and partners to help them operate efficiently and effectively. In addition to monitoring performance, organizations should also pay close attention to compliance and risk management aspects of third-party relationships.

Boot Camp

Nanonets

SEPTEMBER 25, 2024

We'll also guide you through setting up an efficient bank statement processing system and share best practices to transform this data flood into a strategic asset. 💡 Best practices:  1.   💡 Best practices:  1. 💡 Best practices:  1.

Process

Exact Payments

SEPTEMBER 13, 2023

By leveraging payment monetization and user experience best practices, the payment facilitator model offers a versatile approach to revenue growth — one that benefits businesses of all kinds. Online Marketplaces The third major category of businesses that are becoming PayFacs is online marketplaces.

Facilitators

Core

MARCH 19, 2024

3 Prevalent Types of Government Payment Fraud Government fraud detection and prevention begins with understanding the primary ways in which payment fraud occurs: vendor payments, payroll, and procurement.

Fraud Detection

Nanonets

MARCH 22, 2023

Organizations dealing with sensitive financial data may be hesitant to use a third-party vendor for their AP processes. Less process control Any company dealing with accounts payable best practices in-house is bound to have greater control over its processes. Hence they might want to consider AP Automation instead.

Accounts