Finovate

APRIL 16, 2024

Codat launched a Supplier Enablement data product with an aim to help businesses replace paper checks. The Supplier Enablement tool recruits suppliers to accept virtual card payments instead of checks by allowing card issuers to access the right ERP data. The Supplier Enablement tool is currently in production with select J.P.

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Checks Product Payment APIs and Integration Card Issuer 52

Payments Source

JANUARY 4, 2021

PayPal’s Venmo has launched a new “Cash a Check” feature on its mobile app to some customers. The offering is made in partnership with Ingo Money and its parent, First Century Bank.

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Venmo Checks PayPal Mobile Payments 193

PYMNTS

DECEMBER 22, 2020

PayPal will allow customers to cash their next stimulus checks free of charge, according to a press release. The payments giant said in the release that the checks will go through instantly on the PayPal app's cash-a-check feature.

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Checks PayPal Direct Deposit Venmo 113

The Fintech Times

MARCH 20, 2024

The latest survey from digital compliance specialists SmartSearch has revealed that firms do not always complete verification checks when taking on new business clients. Given the clear requirements of regulators, advancements in technology can help streamline this process considerably and help firms complete such checks.

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Verification Checks Regulations Money Laundering 57

Nanonets

APRIL 1, 2024

Introduction In both personal and business finance, the management of outstanding checks and thorough bank reconciliation practices are important for maintaining financial hygiene. Check out Nanonets Reconciliation where you can easily integrate Nanonets with your existing tools to instantly match your books and identify discrepancies.

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Reconciliation Checks Automation Process 52

Payments Dive

MARCH 17, 2022

The share of consumers planning to use mobile phones to pay their taxes increased over last year, while the portion preferring to pay by check declined, according to a survey from payments firm ACI Worldwide.

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Checks IRS Consumer Payments 144

Agile Payments

JANUARY 29, 2019

By leveraging checking account verification tools businesses can reduce the chance of losing customers over simple data entry errors. The majority of the time payment rejects are accidents, and making customers go through the hassle of the sale process again will undoubtedly lead to a fraction of those sales being lost.

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ACH Checks Verification Accounts 128

The Nilson Report

APRIL 29, 2024

The post Worldline Partners with RiskQuest BV for Credit Checking appeared first on Nilson Report.

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Checks Posting 52

The Nilson Report

MAY 2, 2024

The post Confirmation of Payee Reaches Two Billion Checks in UK appeared first on Nilson Report.

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Payee Checks Posting 52

Payments Source

NOVEMBER 18, 2020

While most payment firms consider checking a time-consuming expensive relic for business transactions, one San Francisco-based fintech is going the opposite direction by adding checks to its digital platform.

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Checks FinTech Transactions Consumer 123

Payments Source

MARCH 9, 2020

If a checking account doesn’t come with checks anymore, can it still be called a checking account? It’s a valid question that the financial services industry should be asking itself.

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Checks Mobile Payments Payments Accounts 118

Seon

JUNE 1, 2023

Check fraud, where fraudsters interfere with check payments, runs rampant in spite of the increase in digital payments. In fact, on February 27, 2023, FinCEN issued a report warning financial institutions of the rise in mail theft-related check fraud. What Are High-Security Checks?

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Checks Security Fincen Payer 52

Payments Dive

JULY 21, 2022

The company is “transforming from a legacy check-printing company to a payments and data company," CEO Barry McCarthy said.

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Checks Payments 88

PYMNTS

SEPTEMBER 17, 2020

“Pandenomics” may usher in a new age for mobile check capture and deposits. In fact, we might not go back to the bank in person at all unless we have to, say, sign and notarize a mortgage document or cash a (paper) cashier’s check. Does Growth In Mobile Texts Portend Growth In Mobile Checks? We never will.

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Checks Mobile Deposit Duplicate ATM 118

Agile Payments

AUGUST 15, 2023

Understanding ACH Payment Processing and the Importance of Using a Checking Account Verification Tool

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ACH Verification Checks Accounts 88

Payment Savvy

NOVEMBER 14, 2022

If you’re familiar with traditional check processing, where banks manually process physical paper checks and deposit funds into the appropriate bank accounts, then you probably get the idea of electronic checks. Below, we detail how electronic checks work, their benefits, and their best applications.

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Checks Direct Deposit Electronic Funds Transfer (EFT) ACH 52

Payments Source

SEPTEMBER 3, 2020

Business-to-consumer payments are rapidly shifting to digital channels, replacing paper checks with a variety of instant-payment methods for gig work and corporate reimbursements.

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Checks Digital Payments Instant Payments Innovation 121

Finextra

MARCH 5, 2024

SurePay, a leading provider of innovative financial security solutions, announces the launch of bulk check functionality on its UK Confirmation of Payee (CoP) portal.

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Payee Checks Innovation Security 52

The Fintech Times

APRIL 16, 2024

The post KBZ Bank Improves Credit Checking Capabilities With Integration of FinbotsAI’s CreditX appeared first on The Fintech Times. .” On average, CreditX has helped lenders improve approval rates by 20 per cent, reducing risk by 15 per cent, and reducing credit risk operating costs by over 50 per cent.

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Checks Credit Risk Risk Management Financial Inclusion 67

The Paypers

APRIL 16, 2024

DataVisor , an AI-powered fraud and risk platform, has announced a collaboration with Mitek , aimed at enhancing the comprehensive check fraud protection offerings within its platform.

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Checks AI Risk 36

PYMNTS

APRIL 24, 2020

PayPal has temporarily suspended check-cashing fees for stimulus checks issued as part of the federal government’s coronavirus relief efforts. A PayPal spokesman told PYMNTS the standard 1 percent fee will be waived for stimulus and payroll checks. For $1,200 checks, that’s a $12 savings, and $24 for $2,400 payments.

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Checks PayPal Compromise Payroll 67

The Paypers

NOVEMBER 8, 2023

China-based JD.com has announced the launch of its JD Smart Check, an improved suite of authentication processes, for imported goods in the region.

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Checks Authentication Process 48

Payments Source

FEBRUARY 27, 2020

Deluxe has spent many years working to diversify beyond paper checks, which are in an inevitable decline. But that diversity led to confusion.

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Checks FinTech Digital Payments Payments 131

Agile Payments

MARCH 22, 2019

A Check Verification Process mitigates check acceptance risks at the point of sale, with verification options ranging from automated routing number check and negative database options, to near real-time inquiries into current checking account status.

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Verification Checks Process Near Real-Time 68

PYMNTS

JANUARY 8, 2021

Roughly 8 million stimulus check Visa debit cards are being mailed to households this week, the U.S. Millions of payments have already been made via direct deposit and paper checks, with the goal of quickly delivering assistance. Instead, those people will either get a new card, paper check or direct deposit.

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Debit Card Checks Direct Deposit IRS 129

BNA Smart Payment

OCTOBER 16, 2023

Whether you're a small startup or an established company, No credit check equipment financing can help you acquire the tools and machinery you need to stay ahead of the competition. But fear not, as options are available for businesses with no credit check equipment financing requirements.

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Checks Finance Acquirers Security 52

PYMNTS

AUGUST 4, 2020

PYMNTS has been writing for years about the ongoing push to #killthecheck, but paper checks live on because of their ubiquity of acceptance and simplicity to issue despite the fact that most people on the receiving end really hate getting them. The majority of the misprinted checks were sent to businesses receiving corporate tax refunds.

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Checks IRS Tax Refunds Returns 97

Payments Source

FEBRUARY 10, 2021

With suppliers adopting digital payments at a more significant rate, it feels like we’ve reached the tipping point where checks are becoming obsolete on a broader scale, says Nvoicepay's Josh Cyphers.

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Checks B2B Digital Payments Payments 118

Agile Payments

AUGUST 23, 2022

Why You Should Do a Jail History Check on a Business Partner. Photo by fauxels: [link]. From a financial and operational standpoint, entering into a business partnership is an excellent strategic choice.

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Checks 88

Fintech Finance

APRIL 16, 2024

Card issuers can access the right data, in their preferred format, in order to recruit suppliers to accept virtual card payments instead of checks, on an ongoing basis. The post Codat’s New Data Solution for Issuing Banks Accelerates Transition From Checks to Virtual Card appeared first on Fintech Finance. supplier-enablement.

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Checks Card Issuer Issuers API 52

PYMNTS

APRIL 22, 2020

All he could say is that the IRS will direct-deposit the money or mail checks through the spring and summer. Many included bank routing numbers for electronic refunds, which the IRS is now using to direct-deposit stimulus checks to those who qualify. Would an End to Paper Checks Solve the Problem?

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IRS Checks Direct Deposit Bank Routing Number 130

Payments Dive

MARCH 21, 2024

American Bankers Association and the U.S. Postal Inspection Service are working together to educate postal and banking employees as well as consumers on the rising form of fraud.

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Checks Consumer 78

PYMNTS

NOVEMBER 23, 2020

Even before the pandemic — and the stimulus bills that sent trillions of dollars via check into consumers’ (and not a few fraudsters’) hands — the alarm bells were tolling. that check scams were on the rise. Back then, Edwards noted that mobile check fraud was escalating so much that some banks were shutting off the feature entirely.

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Mobile Deposit Checks Technology Duplicate 101

Payments Source

MAY 13, 2020

Lots of consumers are using mobile checking for the first time, so it's important to provide extra help, says Mitek's Michael Diamond.

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Checks Consumer Process Digital Payments 115

PYMNTS

APRIL 10, 2020

People who provide banking information will get a direct deposit; everyone else will get a check mailed to the provided address. who are not required to file taxes, and some 80 percent are eligible for a stimulus check. . Using the tool does not result in any taxes being owed. . There are roughly 10 million people in the U.S.

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IRS Checks Social Security Consumer 145

Payments Source

APRIL 16, 2020

consumers are beginning to see stimulus checks electronically deposited into their bank accounts as part of the CARES Act, many companies are wondering how Americans will spend these funds. As millions of U.S.

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Checks Consumer Accounts Digital Payments 109

The Nilson Report

JANUARY 15, 2024

The post Offchex Consults on Reducing Paper Checks appeared first on Nilson Report.

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