Correspondent Request for Payment Rules 
PYMNTS
NOVEMBER 18, 2019
He likened the strategy to the 80/20 rule, where the bank may make 20 percent of its revenues from payment services and 80 percent from account holdings. For online transactions, he told PYMNTS, merchants can prod consumers to consider an alternative form of online payment, done across real-time rails and through a request for payment.
Nanonets
APRIL 16, 2023
Criminals impersonating executives or suppliers email authentic-looking invoices or other requests for payment and a less than vigilant Accounts Payable team can fall prey to it. Invoice/PO information is validated based on pre-defined business rules. Figure 4: OCR based data retrieval.
Nanonets
MAY 10, 2023
a 3 way match All invoice payments involve some sort of verification or control. A 3 way match is an internal control process that cross-references a supplier's invoice against its corresponding purchase order (PO) and good received note (GRN). It also details the payment method, payment schedule and credit policies (if any).
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