article thumbnail

PSD2 Strong Customer Authentication – 3 Factors for Success

FICO

Reduce the need for Strong Customer Authentication as much as possible by securing payments with lower cost and friction-free transaction risk analysis whenever permissible and desirable. Automate case management and customer communications to resolve cases faster with less customer disruption at lower cost.

article thumbnail

Mastering Your Business with Accounts Payable Reports

Nanonets

Checking for duplicate payments is another essential practice that helps prevent unnecessary expenditure and minimizes errors. Check for duplicate payments to minimize errors and unnecessary costs. Regularly checking for duplicate payments can also save costs and mitigate financial losses.

article thumbnail

The complete guide to invoice reconciliation for your business

Nanonets

By matching invoices with accounting entries in the general ledger, businesses can identify and rectify duplicate entries, errors, or extra payouts, keeping their books in proper balance. Cost management and fraud prevention Invoice reconciliation enables businesses to effectively manage costs and prevent fraudulent activities.

article thumbnail

Unlocking the power of AI with Mitto’s mobile intelligence technology

The Payments Association

Detect suspicious account activity, such as duplicate accounts or SIM swaps, to prevent fraud. As businesses face growing challenges in fraud prevention, cost management, and customer engagement, AI offers the tools to tackle these issues head-on. Ensure account recovery and secure logins through validated numbers.

AI 88