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Chargebacks: A Survival Guide

Cardfellow

Once a customer has disputed a charge, a your acquiring bank will begin going through a specific procedure to resolve the issue. Duplicate Processing / Paid by Other Means 12.7: Duplicate Processing / Paid by Other Means 12.7: Some of the most common Visa and MasterCard chargeback codes are listed below. No Authorization 12.1:

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Optimizing Expense Workflows by Detecting Duplicate Receipts

Nanonets

However, one challenge that organizations often encounter is the presence of duplicate receipts. These duplicates can lead to errors in reimbursement calculations, compliance concerns, and inefficient use of resources. What are Duplicate Receipts? How to Prevent Receipt Duplication?

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HIPAA Disaster Recovery Planning

VISTA InfoSec

According to the Contingency Plan Policy in HIPAA section 164.308(a)(7)(i) , covered entities must “formulate and execute, as needed, guidelines and procedures to respond to emergencies or other incidents (like system failure, fire, vandalism, or natural disaster) that damage systems containing ePHI.” What is a Contingency Plan Policy?

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Workflow Automation Guide & 5 Best Workflow Software for 2023

Nanonets

This article will show how workflow management solutions can automate routine procedures, minimize repetitive jobs and operator mistakes, detect bottlenecks, and simplify communication across all departments. Workflows are used to define the procedure that is required before the task is considered complete. What is workflow automation?

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What are Payment Reversals? Why Do They Happen & How Can Merchants Stop Them?

Fi911

Different types of payment reversals exist, each with distinct procedures and implications. Duplicate Charges : If a payer is charged more than once for the same transaction, the duplicates can be reversed. Document any customer issues and your resolution steps for future reference. Why Do Payment Reversals Happen?

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What are accounts payable audits?

Nanonets

We will also cover how automation helps to streamline the AP audit procedure. An accounts payable audit is an in-depth assessment of a company's accounts payable records and procedures. By performing routine accounts payable audit procedures, businesses can uphold their financial integrity. What is an AP Audit?

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Automating Invoice Processing with OCR and Deep Learning

Nanonets

Among the several drawbacks of going through these procedures manually are higher costs, greater manpower requirement, a higher amount of time consumed in repetitive tasks and a greater carbon footprint. Machines - Optical Character Recognition (invoice OCR) - recognizing the text and numbers present in the documents.