Remove Correspondent Remove Disputes Remove Procedures
article thumbnail

7 Tips to Avoid Chargebacks & Payment Disputes This Holiday Season

Synapse Payment Systems

While more customers and revenue are certainly a plus, this can also be a season of increased chargebacks and payment disputes. Keep reading to learn how to avoid chargebacks and payment disputes during the holiday season. So how do you avoid chargebacks and payment disputes this holiday season? Here are our best tips.

Disputes 130
article thumbnail

Leveraging Machine Learning to Reinforce Financial Fraud Prevention

Fi911

As digital banking services grow in popularity, the unfortunate byproduct is a corresponding rise in fraud. ML-enabled tools and procedures are introducing predictive analytics, real-time fraud detection, and automation to dispute management at the banking level. The resounding answer is yes.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Merchant-facing regulation: What merchants need to know in 2025

The Payments Association

Applicable to large organisations, the offence imposes criminal liability if firms do not have adequate fraud prevention procedures in place, even if senior leadership is unaware of the misconduct. Amend commercial terms to define finality, dispute resolution, and fallback payment options.

article thumbnail

9 Ways to Automate Payment Collections for Your Business

EBizCharge

Automated cash application systems utilize algorithms and data-matching techniques to match customer payments with the corresponding invoices in the accounting system. Dispute management can be automated by implementing software solutions that streamline the resolution process for billing discrepancies or disputes.

article thumbnail

5 High-Risk Chargeback Reasons

Payment Savvy

Sometimes a customer initiates a dispute if they don’t understand when their order will arrive on their doorstep. Such questions without clear answers make a shopper think they’ve been scammed, and a dispute can follow. These simple steps keep an impatient customer from calling their bank to dispute a purchase. Final Thoughts.

Risk 52
article thumbnail

Deep Dive: Accelerating Accounts Receivable With Automated Technologies

PYMNTS

Manual invoice efforts also consume time and introduce opportunities for human errors, which can come back to bite when customers dispute invoices or when companies analyze inaccurate details. . Modern AR tools can alleviate those administrative burdens while providing faster, more secure collections procedures.

article thumbnail

Automating Invoice Processing with OCR and Deep Learning

Nanonets

Among the several drawbacks of going through these procedures manually are higher costs, greater manpower requirement, a higher amount of time consumed in repetitive tasks and a greater carbon footprint. But can this process be done better, more efficiently, with less wastage of paper, human labor and time?