Fintech News

JANUARY 30, 2024

One of the key functions of AI in this domain is its ability to match incoming payments with outstanding invoices, thereby automating payment reconciliation and significantly reducing manual efforts. AI also plays a crucial role in identifying potential payment delays, such as disputes, and facilitates proactive resolution.

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Payments Trends Digital Currency Distributed Ledger Technology (DLT) Cross-Border Payments 120

Stax

AUGUST 29, 2024

Step 3: Authorization, settlement, and reconciliation The payment gateway software will now send your customer’s payment information to your PSP to verify, authorize, and settle the transaction. Robust tools for dispute and chargeback management are also desirable.

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Payment Service Provider (PSP) Service Provider Payment Gateways Online and Mobile Banking 88

PayHawk

JUNE 9, 2023

These services include payment processing, fraud prevention, and dispute resolution. Merchant service providers work with acquiring banks and credit card companies to process transactions and transfer funds from the customer’s account to the merchant ‘s account. What are Merchant Services ? Start Saving Money!

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Debit Card Fraud Prevention Disputes Online and Mobile Banking 52

EBizCharge

MAY 8, 2024

flat fee whether it processes a $100 or a $10,000 transaction. This fee model is often attractive to businesses with a high volume of transactions, as it allows for simple reconciliation with minimal variations in processing costs. For instance, a company might be charged a $0.50

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EBizCharge

MAY 13, 2024

Business owners and finance teams can use this data to make informed decisions, such as identifying trends in payment behavior and developing targeted strategies to address outstanding payments or to enhance the payment collection process. Cost savings: Shifting to an automated system can lead to substantial cost savings.

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Automation Disputes Payments Process 52

Nanonets

JUNE 27, 2023

In this post, we will explore how automation can improve your accounts payable cost per invoice, enabling you to enhance efficiency, reduce errors, and drive savings. How much does it cost to process an invoice? These tasks can be time-consuming and prone to error, leading to inefficiencies and increased costs.

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Process Automation Electronic Funds Transfer (EFT) Volume 52

Nanonets

FEBRUARY 1, 2024

Reconciliation: Labor-intensive process of matching bank transactions with ledger entries. Dispute Resolution: Time-consuming and complex resolution process for disputes, affecting vendor relationships and operational efficiency. AP Automation has been shown to slash processing costs by a staggering 70%.

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Automation Accounts Process Multi-Currency 64

Nanonets

FEBRUARY 26, 2024

Reconciliation: Labor-intensive process of matching bank transactions with ledger entries. Dispute Resolution: Time-consuming and complex resolution process for disputes, affecting vendor relationships and operational efficiency. Automate Reconciliation Processes: Action Steps: 1.

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Automation Accounts Payment APIs and Integration Process 52

Nanonets

MAY 30, 2024

The process starts with the need of a new purchase. Thus, it is clear that procurement automation streamlines the purchase process and enhances the performance of your business function. Efficiency Gains : Streamline approval and invoice processing workflows to speed up the procurement process.

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Automation Process P2P Compliance 52

M2P Fintech

AUGUST 8, 2023

They facilitate secure and efficient communication between various systems, enhancing the overall efficiency and responsiveness of the credit card management process. The fully integrated package is a powerful tool for issuers to build organic or inorganic credit card businesses, at an economical cost of ownership.

Credit Cards 52

Credit Cards Payment APIs and Integration Issuers API 52

Nanonets

NOVEMBER 15, 2023

Let's say you process 10,000 invoices monthly at $10 each. Now consider this: roughly a third of businesses surveyed were able to reduce invoice processing costs even more: a whopping 50%. In case of a mismatch or discrepancy, it raises an alert, allowing you to catch errors early and avoid payment delays or disputes.

Accounts 52

Accounts Payment APIs and Integration Audit Automation 52

EBizCharge

MAY 14, 2024

Payment processing: Once a customer makes a payment – through credit cards, online portals, or bank transfers – the system processes and records the payments. This reduction in labor costs translates into direct savings for businesses, as fewer resources are required to manage billing operations.

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Automation Payment APIs and Integration Best Practices Online and Mobile Banking 52

Exact Payments

JANUARY 14, 2024

By integrating payment processing with other business management tools, such as accounting software, or ERP solutions, businesses can reduce the need for manual data entry and reconciliation, saving time and reducing errors. They can also capture a share of the revenue generated from transactions processed within their platform.

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Payment APIs and Integration Payments CRM Embedded Finance 52

Exact Payments

JANUARY 14, 2024

By integrating payment processing with other business management tools, such as accounting software, or ERP solutions, businesses can reduce the need for manual data entry and reconciliation, saving time and reducing errors. They can also capture a share of the revenue generated from transactions processed within their platform.

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Payment APIs and Integration Payments CRM Embedded Finance 52

Nanonets

AUGUST 21, 2023

You can easily connect it with your existing accounting systems, including QuickBooks and Sage, so it doesn't disrupt your current processes. Payment reconciliation Once the payments have been executed, the automation software will then reconcile them. With the median processing cost between $2.01

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B2B Automation Payment APIs and Integration Payments 52

Segpay

FEBRUARY 28, 2024

Key Takeaways √ Hidden charges in payment processing can dig into and erode your bottom line. Merchants can implement several best practices to avoid surprise processing costs. 5 minute read Hidden charges in payment processing can seriously impact any merchant’s bottom-line revenues.

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