Stax

JANUARY 21, 2025

Look for PCI DSS-compliant payment gateways that optimize the security of credit and debit card transactions. Encryption – Encryption is a data security measure that ensures only authorized parties can read the data. Now, you have a shortlist of payment gateways that meet your needs best.

Payment Gateways 88

Payment Gateways Gateways PCI DSS Payment APIs and Integration 88

PYMNTS

JANUARY 23, 2019

At the same time, consumers are gravitating toward credit unions (CUs), and new regulations might have an impact on the payments space, among other industries, in the coming years. All this, Today in Data. Data: $20,000: The amount of spending from the average U.S. household that corresponds with food or similar products.

Credit Union 55

Credit Union Correspondent Regulations Addressing 55

PYMNTS

SEPTEMBER 11, 2019

In an interview with PYMNTS , Citi’s Global Head of Payments and Receivables Manish Kohli explained how APIs that pre-validate payments data can reduce errors and costs while improving speed.

Cross-Border Payments 76

Cross-Border Payments Cross-Border ISO 20022 Real Time Payments 76

Fintech Finance

JANUARY 2, 2024

StoneX Payments facilitates foreign exchange payment transactions in more than 140 currencies and spanning over 180 countries. A distinctive feature of StoneX Payments is its extensive network of over 350 correspondent banking relationships worldwide, each maintained independently.

Cross-Border Payments 59

Cross-Border Payments Cross-Border SWIFT Verification 59

Nanonets

JUNE 21, 2023

For example, let's consider a scenario where a company receives payments from multiple customers for its products or services. Reconciling payments involves verifying whether the payments received in the company's bank account match the corresponding invoices or payment records in the company's financial system.

Payment Reconciliation 52

Payment Reconciliation Reconciliation Best Practices Automation 52

PYMNTS

JULY 7, 2020

B2B payments are undergoing a vast digital transformation, with solutions providers stepping up to offer more speedy options as companies look to expand internationally.

Cross-Border Payments 62

Cross-Border Payments Cross-Border Payments API 62

Clearly Payments

JUNE 3, 2024

Tokenization in payments is a security process that transforms sensitive payment data, such as credit card numbers, into a unique string of characters called a token. This token acts as a stand-in for the original data, rendering it useless to anyone who might intercept it. What is Tokenization?

PCI DSS 59

PCI DSS Payment Gateways Gateways Payments 59

PYMNTS

JUNE 28, 2019

Given the high volume and value of cross-border commerce, banks, businesses and FinTech firms are realizing the need to support their business clients with a cross-border payments process that is fast and transparent, and makes foreign exchange (FX) conversion seamless.

Cross-Border 44

Cross-Border Cross-Border Payments Deposit Account SWIFT 44

PYMNTS

JULY 24, 2018

He noted that AP teams must first onboard and validate payment methods in their own back-end systems, ensure the master data on the supplier-side is accurate, and run compliance and background checks on those vendors before any payments can be made. “Speeding up payments is only part of the equation,” he said.

Payments 40

Payments Faster Payments Payments Data Acquirers 40

PYMNTS

OCTOBER 22, 2019

These businesses typically experience pains similar to those afflicting other companies’ B2B cross-border payments, even though they provide quick P2P remittance experiences for their customers. Sending payments data rapidly also enables quick money movement and processing, something SWIFT has traditionally sought to facilitate.

Cross-Border Payments 41

Cross-Border Payments Cross-Border P2P B2B 41

Stax

MARCH 15, 2024

When encrypting data, the algorithm takes the plaintext and combines it with the key to produce ciphertext. This ciphertext appears as a random sequence of characters and is meaningless without the corresponding key. And a merchant services provider will have the resources you need to protect your business from fraud and data breaches.

Process 88

Process Security PCI DSS Encryption 88

Nanonets

JULY 18, 2023

Bank Reconciliation NetSuite automates bank reconciliation by importing bank statements and automatically matching transactions with corresponding records in the system. This seamless and efficient workflow accelerates the approval process, ensuring that invoices are processed promptly and preventing delays in payment processing.

Automation 52

Automation Reconciliation Audit Correspondent 52

PYMNTS

DECEMBER 5, 2019

Among the most pervasive is that wire, ACH and check acceptance are free, whereas cards, and the interchange fees associated with them, are expensive — particularly when accepting those virtual card payments does not come with a corresponding acceleration of when payments are received.

Faster Payments 53

Faster Payments Commercial Card ACH Payments 53

PYMNTS

NOVEMBER 4, 2019

AI can be applied throughout AR processes to help sort payment processing and reconciliation data, alert humans to cases that risk late payments and distinguish legitimate claims from fraud attempts. . Collections and Deduction Management .

Automation 40

Automation Technology Accounts Disputes 40

Nanonets

MARCH 29, 2023

For example, Nanonets can process images of packing slips or delivery receipts and compare the information to the corresponding PO to ensure that the goods or services were received as expected. Invoice Creation : Nanonets can help automate the invoice creation process by extracting data from purchase orders or other source documents.

Accounts 52

Accounts Reconciliation Automation Payment Reconciliation 52

Segpay

APRIL 22, 2024

Even if intercepted, the token cannot be used for fraudulent transactions without the corresponding authentication mechanisms. During checkout, Michael enters his credit card information into the payment gateway. Using tokenization, businesses can significantly reduce their PCI scope since sensitive payment data is not stored locally.

Data Breach 52

Data Breach Risk Online and Mobile Banking PCI DSS 52

Fintech News

FEBRUARY 26, 2024

The digital payment and financial services company, which counts more than 100 million active customers and 37 million merchants , offers a variety of services including digital payments, a digital wallet, mobile recharges, an e-commerce platform, bill payments and travel bookings.

APACS 52

APACS BNPL Payment APIs and Integration Non-Bank 52

FICO

JUNE 20, 2022

Payment behavior on BNPL accounts: Consistent with all types of lending products reflected in the consumer credit file, the inclusion of BNPL loans that demonstrate on-time payment data and/or low utilization will be more likely to support a higher FICO® Score. consumer credit files.

BNPL 52

BNPL Accounts Financial Inclusion Consumer 52

EBizCharge

JUNE 24, 2024

Communication costs Businesses may incur communication-related costs in delivering services, such as international phone calls, specialized communication apps, or postage for client correspondence. EBizCharge also integrates into 100+ existing business systems to accelerate and automate customer payments.

Process 52

Process Accounts Assessments Product 52

EBizCharge

JULY 15, 2024

Facilitating arrears billing with EBizCharge EBizCharge offers comprehensive payment software that streamlines arrears billing and automates invoicing by scheduling and sending out bills once services are rendered or deliverables are completed, ensuring timely client billing.

Disputes 52

Disputes Payer Legal Service Provider 52

EBizCharge

MAY 13, 2024

Cash application can be automated by leveraging software solutions that streamline the reconciliation of incoming payments with outstanding invoices. Automated cash application systems utilize algorithms and data-matching techniques to match customer payments with the corresponding invoices in the accounting system.

Automation 52

Automation Disputes Payments Process 52

Nanonets

SEPTEMBER 22, 2023

Supplier Invoice Number Payment Due Date Amount Supplier A INV-001234 30 days $5,000 Supplier B INV-005678 60 days $7,500 Supplier C INV-009876 45 days $3,200 In the table above, we can see a simplified example of trade payables for our manufacturing company.

Automation 40

Automation Accounts Risk Process 40

PYMNTS

JULY 9, 2020

Complying with anti-money laundering (AML) and know your customer (KYC) requirements is often a challenge that is intrinsic to sending and receiving cross-border payments. APIs are sets of rules and procedures that permit developers to create algorithms and applications that access features or data or interact with other systems.

Cross-Border Payments 56

Cross-Border Payments Cross-Border B2B Regulations 56

EBizCharge

FEBRUARY 17, 2025

With better visibility into payment trends and outstanding balances, your company can optimize its collection strategies, minimize bad debt, and maintain healthier finances. Secure customer payment data Implementing PCI-compliant security measures allows businesses to safeguard credit card and bank account details to prevent data breaches.

ACH 59

ACH Credit Cards Transactions Accounts 59