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Looking for the Best Payment Gateway? Here’s How to Choose the Right One

Stax

Consider the following security and compliance features when choosing a payment gateway: PCI DSS Compliance – The Payment Card Industry Data Security Standard (PCI DSS) is a set of rules and principles designed to keep payment card information safe and secure.

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Paperless accounts payable: An implementation guide

Nanonets

Let's say you process 10,000 invoices monthly at $10 each. Now consider this: roughly a third of businesses surveyed were able to reduce invoice processing costs even more: a whopping 50%. Paperless systems can also automatically record each payment and its corresponding invoice and vendor details. Impressive, right?

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How can AP Automation Help Scale Your Business?

Nanonets

  However, AP automation systems handle these processes swiftly and more accurately. They can automatically match invoices to corresponding purchase orders and flag any discrepancies for review. This not only speeds up the processing time but also reduces the likelihood of overpayments or fraud.

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What is Intelligent Document Processing?

Nanonets

IDP solutions are at least 95% accurate, and can eliminate costly and serious errors associated with manual document processing. Cost Savings By automating repetitive and time-consuming tasks, IDP can significantly reduce labor costs. The user can also customize the model by adjusting the extraction rules.

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What Is Debit Card Processing & How Does It Work?

Payment Savvy

This token is used throughout the transaction process, while the actual debit card number is safely stored in a secure vault. Tokenization helps minimize the risk of data breaches, as even if a token is compromised, it holds no value without the corresponding debit card information.

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9 Ways to Automate Payment Collections for Your Business

EBizCharge

Business owners and finance teams can use this data to make informed decisions, such as identifying trends in payment behavior and developing targeted strategies to address outstanding payments or to enhance the payment collection process. Cost savings: Shifting to an automated system can lead to substantial cost savings.

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Form Data Extraction: From OCR to Deep Learning

Nanonets

Image Source: pyimagesearch Data Security : When extracting data from various sources, it's crucial to be aware of security measures. This is particularly important when working with ETL scripts and online APIs for data extraction. Improved Accuracy : Reduce data errors by eliminating manual entry.

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