Fi911

JUNE 18, 2024

Visa Resolve Online provides real-time updates, documentation support, and detailed case management tools, thereby enhancing transparency and reducing the time typically required to settle disputes. Retrieval Requests : Issuer’s requests for specific documentation from the merchant to verify the validity of the transaction.

Disputes 99

Disputes Issuers Acquirers Compliance 99

Fintech News

JANUARY 30, 2024

Etiqa Insurance Singapore has unveiled a new pet insurance policy in response to the growing number of pets and the corresponding rise in veterinary costs in the island-state. This plan also covers congenital and hereditary diseases, subject to the provision of medical documents.

Correspondent 109

Correspondent FinTech Posting 109

Nanonets

DECEMBER 10, 2023

From the moment a product is manufactured to its final delivery, an array of documents accompanies its journey, often creating bottlenecks in the seamless flow of operations. One of the pivotal hurdles faced by the logistics sector revolves around the management of logistics documents. What is Intelligent Document Processing?

Automation 52

Automation Compliance SWIFT Process 52

Nanonets

SEPTEMBER 19, 2024

This is especially important in scenarios like data extraction, where dozens of models are launched each quarter and there are multitudes of documents types to test them on. VLMs for Document Data Extraction : An explanation on what we mean by data extraction with VLMs.

Returns 52

Returns API Use Case Assessments 52

Nanonets

JUNE 15, 2023

Introduction Documents are the lifeblood of business communication. They allow for the transfer of information, the tracking of decisions, the formalization of procedures, and the documentation of business transactions, among many other things. Why are Document Workflows essential?

Automation 40

Automation Payment APIs and Integration Audit Process 40

Nanonets

AUGUST 1, 2023

In today's information-driven world, collaboration and communication within teams heavily rely on data and documents. From contracts and invoices to manuals and reports, documents play a vital role in conveying structured information that can be easily shared, understood, and acted upon. What is document workflow automation?

Automation 40

Automation Payment APIs and Integration Audit Rules 40

Nanonets

FEBRUARY 14, 2025

What happens when growing volume breaks document processing The expense management provider in question specializes in helping organizations optimize their operating expenditure. It might seem like a simple document to process. Why utility invoice processing gets complicated at scale Take a look at a typical utility bill.

Volume 52

Volume Automation Process Payment APIs and Integration 52

Stax

JANUARY 21, 2025

Look for a payment gateway with developer-friendly and well-documented APIs, SDKs, and plugins that allow you to add the gateway to your eCommerce website, mobile app, or POS system. Are there any self-service support options , such as FAQs, tutorials, and documentation? Do you get access to a dedicated account manager ?

Payment Gateways 88

Payment Gateways Gateways PCI DSS Payment APIs and Integration 88

Nanonets

NOVEMBER 25, 2024

Optical Character Recognition ( OCR ) has revolutionized the way we interact with textual data in real life, enabling machines to read and interpret text from images, scanned documents, and handwritten notes. Some of its application may include: Document Digitization : Converts physical documents into editable and searchable digital formats.

Correspondent 40

Correspondent Processors Returns Process 40

The Finance Weekly

NOVEMBER 3, 2021

For both internal and external sources, each balance has to match the corresponding account in the general ledger. Fraudulent or negligent accounting practices that go undetected due to unreconciled accounts, poor internal controls or a lack of supporting documentation, commentary or calculations. Adopting Superior Methods in 2021.

Reconciliation 130

Reconciliation Automation Accounts Finance 130

Nanonets

JULY 10, 2024

Even in the business world, invoices use this structure: items purchased are the keys, with prices as their corresponding values. By leveraging deep learning techniques, we can teach machines to understand document structures and extract valuable information accurately and efficiently. It's a recipe for errors and frustration.

Database 74

Database Process Use Case Correspondent 74

PYMNTS

OCTOBER 17, 2016

According to Forbes , the Department of Justice filed documents to enter and search a residence, and then also force those inside to open their mobile devices using their thumbprint. Important to note, the itself warrant is not publicly available, and neither are other related documents. Signed by U.S. I find that appalling.”

Authorization 72

Authorization Law Enforcement Encryption Government 72

Nanonets

OCTOBER 18, 2023

Components of an RAG workflow - Knowledge Base (Input) : The knowledge base is like a library filled with useful information such as FAQs, manuals, and other relevant documents. Documents / Nodes: A Document is your container for data, whether it springs from a PDF, an API, or a database. pdf,jpg,png,docx, etc.)

API 98

API AI Database Facilitators 98

PYMNTS

NOVEMBER 26, 2018

According to the court documents, Blue Apron’s website states that “we win together, not alone; we operate with integrity.”. “If According to court documents filed by the company, the number of employees represented in the suit, covering between 2014 and 2018, is at least 2,805 and could cost the company over $5 million.

Correspondent 67

Correspondent Legal Laws Regulations 67

Fintech News

DECEMBER 10, 2023

” For FIs, the consequences are equally daunting, as they face expenses associated with the correspondent banking network. This approach is not limited to domestic payments but is especially relevant to international transactions, which often involve a complex web of correspondent banks.

Addressing 120

Addressing Fraud Prevention Financial Inclusion Payments 120

Synapse Payment Systems

NOVEMBER 9, 2022

This is why keeping good records, including invoices, receipts, and other documentation proving the customer received the product or service they purchased, is vital. If you’re an online business , be sure to keep records of all communication with the customer, such as emails, chat logs, and any other correspondence.

Disputes 130

Disputes Card Issuer Payments Returns 130

Nanonets

APRIL 4, 2023

Put simply, mailroom automation is the process of automating incoming mail (both physical and digital) and other correspondence by transforming it into structured business data that is then sent to the relevant individuals or fed into processes and systems within your organization. Agility Agile business is a data-driven business.

Automation 52

Automation Correspondent Process Fed 52

PYMNTS

FEBRUARY 26, 2020

These infrastructures and processes form the backbone of the global correspondent banking model. Abrupt and sudden changes are not only hard to implement at the institutional level, but also bring risk because your correspondents must also be ready for the change.

ISO 20022 104

ISO 20022 ISOs SWIFT Cross-Border Payments 104

The Payments Association

JANUARY 29, 2025

Inadequate risk management and due diligence : Institutions faced challenges in ensuring effective customer risk profiling and due diligence, particularly for high-risk clients and correspondent banking relationships. Internal assessments categorised Nordeas overall AML risk as critical, yet systemic upgrades were not prioritised.

Financial Crimes 88

Financial Crimes Crime Due Diligence Money Laundering 88

Fi911

AUGUST 16, 2024

Issuing banks are not obligated to explain their decisions, while acquiring banks and merchants benefit from a clearer understanding of the documentation required for representment. However, research indicates a rising trend of chargebacks being filed for reasons that do not correspond with the assigned codes.

Disputes 92

Disputes Non-Bank EMV Authorization 92

Nanonets

APRIL 24, 2024

Bank reconciliation typically involves gathering bank statements and transaction records, comparing them with the corresponding entries in the company's accounting records, and investigating any discrepancies. This process ensures the integrity of financial data and confirms that the reported financial position is accurate.

Reconciliation 52

Reconciliation Audit Procedures Correspondent 52

Nanonets

JANUARY 13, 2025

Nanonets integrated with the distributor's Business Edge ERP and document management system – streamlining purchase and sales order capture. The system periodically checks for new purchase orders, pulls the corresponding sales order details from Business Edge, and runs the verification process — all in the background.

Automation 52

Automation Verification Payment APIs and Integration Correspondent 52

Nanonets

SEPTEMBER 17, 2024

A section focusing on VLMs for document understanding and leading models for extracting information from documents. Document retrieval in financial/legal domains Image Search in e-commerce can be turbo charged with VLMs by allowing the search queries to be as nuanced as possible.

Best Practices 97

Best Practices Adjustments Research Assessments 97

Finextra

JUNE 6, 2025

Further compounding the situation was coders were using poor documentation practices. Here cloud-based components gradually assume specific functions while the corresponding legacy system features are deactivated. This faces regulatory resistance and internal operational risk. The industry is moving toward a hybrid model.

Technology 52

Technology Instant Payments Authorization Scams 52

Nanonets

JUNE 27, 2024

Fuzzy matching (également appelée correspondance approximative de chaînes) est une technique qui permet d'identifier deux éléments de texte, chaînes ou entrées qui sont à peu près similaires mais ne sont pas exactement identiques. Qu’est-ce que fuzzy matching?

Correspondent 52

Correspondent AI Non-Bank Duplicate 52

Nanonets

JUNE 18, 2024

Each balance should match its corresponding entry in the general ledger for any source. With disconnected data sources and innumerable documentation, accounting teams can face the added task of figuring in interest rates, exchange rates, and timing differences to reconcile balances effectively.

Reconciliation 52

Reconciliation Accounts Automation Credit Cards 52

EBizCharge

JUNE 19, 2024

This simple, yet essential document can decode transactions and play a role in streamlining accounts receivable (AR) operations. Remittance advice refers to a document a customer sends to a business to indicate that an invoice has been paid. What is remittance advice? What are remittance slips, and how are they created?

Payer 52

Payer Reconciliation Correspondent Disputes 52

PYMNTS

NOVEMBER 28, 2016

It has recently come to light via a chain of email correspondences that Amazon has been testing its drone technology in U.K. The correspondences were written between Amazon and the Civil Aviation Authority (CAA), the organization responsible for regulating safety, economics and consumer protection for commercial aviation in the U.K.

Correspondent 46

Correspondent Rules Consumer Protection On-Demand 46

PYMNTS

JULY 8, 2020

The inefficiencies in B2B cross-border payments are well-known among struggling SMB owners, with the correspondence banking model having been in effect since 1973. A Brazilian bank, for example, has to have another correspondent bank [in Brazil] that communicates with a correspondent bank in the U.S.,

Cross-Border 57

Cross-Border Cross-Border Payments API Correspondent Bank 57

Nanonets

MAY 21, 2024

Reconciling accounts receivable involves comparing the balances in the accounts receivable ledger with supporting documentation, such as invoices, receipts, and customer payments. Review Sales Transactions: Compare the sales transactions recorded in the accounts receivable ledger with the corresponding sales invoices or sales orders.

Reconciliation 52

Reconciliation Accounts Adjustments Correspondent 52

PYMNTS

DECEMBER 30, 2016

With direct access to these APIs, code samples and online documentation, the ease of sandboxes and testing, the industry has never had better access to micro-services. The whole concept of on-demand services enables the ability to select specific micro-services from providers and associate value and corresponding expense to each one.

API 76

API Payment APIs and Integration Payments Correspondent 76

The Fintech Times

MAY 21, 2024

The report reveals that over the past five years, scheme and processing fees have surged by more than 30 per cent in real terms, without corresponding improvements in service quality.

Visa 90

Visa Regulations Payments Consulting 90

Nanonets

JULY 31, 2023

Introduction In the complex and vast digital universe, PDFs have become the cornerstone of all documentation. These digitized documents come in variations of complexity and size. Chatting with PDFs using LLMs Chatting with PDFs using Language Learning Models (LLMs) has revolutionized the way we interact with documents.

API 98

API Automation Database Returns 98

Nanonets

JUNE 24, 2024

Gathering all the Statements and Receipts or supporting documents: First, we must collect all the credit card statements and the relevant receipts for the specified period. This results in a gap in the documentation and invoices are involved to fill in the gap by matching against the credit card statements. But how do we go about this?

Reconciliation 52

Reconciliation Credit Cards Correspondent Issuers 52

CB Insights

JANUARY 10, 2018

The patent explains, “Neurological user intention data corresponding to a physical gesture is generated when a user thinks about and/or focuses on a movement, in the same way an amputee might think about moving an amputated limb.” head or limb movements (tilting or nodding the head, raising or lowering an arm).

Correspondent 77

Correspondent Database Processors Research 77

The Fintech Times

MAY 16, 2024

NAO has revealed that in theory, this would be very effective as it would cut costs servicing telephone calls and correspondence. However, it is not clear how far and fast digital will reduce demand for telephone and correspondence services. It would also free up staff to serve people who need extra support.

Correspondent 59

Correspondent Small Business Audit Assessments 59

EBizCharge

MAY 31, 2024

Now, automated cash application software employs artificial intelligence and machine learning to automatically match payments received via various payment methods, like credit cards, wire transfers, and electronic payments, to their corresponding invoices. Why is cash application automation crucial for businesses?

Automation 52

Automation Remittance Data Correspondent Wire Transfer 52