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Concerns Arise About Flawed Liability Regime as EU Council Progresses in Upgrading Payment Framework

The Fintech Times

Member states’ representatives have approved proposals from the Council of the European Union to improve the payment services environment in the EU to reduce payment fraud, promote technological innovation, better protect consumers, and increase transparency on fees. These new rules will deliver on both fronts.”

Rules 45
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AI for QuickBooks: Automate invoice and AP management

Nanonets

They are also 10% more likely to receive full payment on overdue invoices. You can customize the tone and style of these communications while letting the AI determine optimal sending times based on payment patterns. This often leads to payment delays, duplicate payments, or overpayments when discrepancies go unnoticed.

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What are Amex Chargeback Reason Codes?

Fi911

However, research indicates a rising trend of chargebacks being filed for reasons that do not correspond with the assigned codes. While friendly fraud can sometimes result from mistakes or misunderstandings, many merchants regard it as an attempt to acquire items or services without payment. This behavior is akin to shoplifting.

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Payment reconciliation: What is it, and how can your business do it efficiently?

Nanonets

Efficient reconciliation of payments is a vital aspect of financial management for businesses of all sizes. As transactions flow in and out, reconciling payments becomes crucial to ensure accuracy, identify discrepancies, and maintain a clear financial picture. What is payment reconciliation?

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What are Discover Chargeback Reason Codes?

Fi911

Each reason code corresponds to particular circumstances surrounding the dispute, providing clarity in the chargeback process and guiding the necessary steps for both parties. These codes categorize Discover card chargebacks into various types, such as fraudulent transactions, service problems, or processing errors.

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Guide to Vendor Account Reconciliation Process

Nanonets

This process involves comparing the company's accounts payable data, which includes invoices, purchase orders, receipts, and statements, with the corresponding records maintained by the vendors. By promptly addressing discrepancies and resolving payment issues, businesses demonstrate reliability and professionalism.

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Payment Automation: The Future of Business Transactions

Nanonets

In a world where time is money, businesses and customers alike seek hassle-free payment methods that save time and increase efficiency. Enter payment automation - a solution that has gained popularity in recent times due to the pandemic and the new competitive landscape. What is Payment Automation?