Evolve Payment

OCTOBER 22, 2024

Fraudsters use everyday individuals’ information, frequently scraped from social media profiles or publicly available data like secretary of state filings, to create realistic duplicates of their identities. This extra step may sound surprising or even silly, but it is essential to protect ourselves and our clients from fraudsters.

Deepfake 98

Deepfake Verification Fraud Detection AI 98

PYMNTS

JUNE 20, 2019

According to the latest Payments 2022 Playbook: Building A High-Performing Payments Team For Fraud Detection , a PYMNTS study in collaboration with Stripe, digital platforms continue to express discontent with their current fraud strategies, and false positives are compromising their brands, customer relationships, and bottom lines.

B2B 73

B2B Fraud Detection Third Party Vendors Payments 73

EBizCharge

JUNE 3, 2025

Enhanced fraud protection: With higher transaction volumes comes greater exposure to fraud risks. High-volume merchant accounts come equipped with advanced fraud detection tools and chargeback prevention features to safeguard merchants and their customers.

Volume 52

Volume Credit Cards Process CRM 52

Payment Savvy

MAY 12, 2023

Common Issues with Manual Payment Processing Manual payment processing can be time-consuming and prone to errors, resulting in duplicate payments, overpayments, and late payments. Manual processing also increases the risk of fraud, as it is more challenging to track payment activity manually. Fraud detection.

Automation 52

Automation ACH Payments Duplicate 52

Nanonets

MARCH 15, 2024

Tyical bottlenecks that are reported by accounting teams are activities like: Invoice coding General Ledger (GL) mapping Payment Details Verification (to check for fraud) Duplicate Detection There is a very clear underlying theme here - manual data entry and verification is what causes these tasks to be tedious and time-consuming.

Automation 59

Automation AI Accounts Duplicate 59

Nanonets

SEPTEMBER 25, 2024

Set up rule-based workflows to identify and remove any duplicate entries and human review for complex or ambiguous transactions. Regularly analyze reasons for variances (for eg: format differences, fraud, duplicate records) Discrepancy identification During reconciliation, any mismatches are flagged for further review.

Process 52

Process AI Best Practices Reconciliation 52

PYMNTS

JULY 26, 2019

Nucleus announced an update Thursday (July 25) to its FinnAxia transaction banking tool to combat real-time payments fraud using artificial intelligence to automatically identify anomalies and duplicate or fraudulent transactions. Singh in a statement.

Real Time Payments 40

Real Time Payments Cross-Border Payments Faster Payments Fraud Detection 40

FICO

SEPTEMBER 6, 2021

Similar types of flows can be established for enterprise fraud detection, know your customer (KYC) for anti-money laundering (AML). Adam: Complex processes like credit originations, fraud detection, KYC and AML are traditionally managed by different teams. Doug: How are processes handled in most organizations today?

Financial Crimes 52

Financial Crimes Online and Mobile Banking Wire Wires 52

Nanonets

JUNE 7, 2023

Fraud detection and error handling Another crucial task that an AP team has is catching errors before they happen. It might be as serious as wrong payment details and invoice fraud, or it might be as simple as a duplicate invoice. Without a doubt, these problems are best prevented before they happen.

AI 52

AI Accounts Duplicate Automation 52

Segpay

APRIL 16, 2024

In this case, both the cardholder and the merchant are victims of Fraud. Merchants should implement robust fraud detection tools, such as address verification systems (AVS) and card verification value (CVV) checks. Merchants should regularly review their billing processes and systems to ensure accuracy and consistency.

Disputes 52

Disputes Address Verification System (AVS) Fraud Prevention Fraud Detection 52

Nanonets

APRIL 3, 2024

Fraud Detection and Prevention: Through vendor reconciliation, businesses can detect discrepancies that may indicate fraudulent activities such as overbilling, duplicate invoices, or fictitious vendors. Any discrepancies, such as duplicate payments or missing entries, must be identified.

Reconciliation 52

Reconciliation Process Accounts Duplicate 52

Nanonets

SEPTEMBER 1, 2023

Typical bottlenecks that are reported by AP teams are activities like: Invoice coding General Ledger (GL) mapping Payment Details Verification (to check for fraud) Duplicate Detection There is a very clear underlying theme here - manual data entry and verification are what causes these tasks to be tedious and time-consuming.

Automation 52

Automation AI Accounts Duplicate 52

Nanonets

JUNE 7, 2023

Tyical bottlenecks that are reported by AP teams are activities like: Invoice coding General Ledger (GL) mapping Payment Details Verification (to check for fraud) Duplicate Detection There is a very clear underlying theme here - manual data entry and verification is what causes these tasks to be tedious and time-consuming.

Automation 52

Automation AI Accounts Duplicate 52

Nanonets

JANUARY 28, 2024

This would require aggregating data from multiple financial sources, extracting relevant data from documents, matching data across different sources, and fraud checks. Automate fraud detection, bank reconciliations or accounting processes with a ready-to-use custom workflow.

Reconciliation 52

Reconciliation Automation Fraud Detection Duplicate 52

EBizCharge

APRIL 22, 2025

This process can identify any discrepancies, such as duplicate transactions or missed payments, before they become more significant financial issues. Routine payment reconciliation Regular reconciliation ensures that the data in Salesforce matches whats recorded in your payment gateway and accounting systems.

Payment APIs and Integration 52

Payment APIs and Integration Payment Gateways Gateways Payments 52

Electronic Transactions Association

JANUARY 25, 2024

ETA encourages policymakers to: Understand the use of AI in payments to appreciate its role in a robust, secure payment ecosystem Ensure new laws complement rather than duplicate existing industry regulations Support technology-neutral, principles-based, and industry-led standards that balance innovation, consumer protection, U.S.

Privacy 40

Privacy Consumer Protection Fraud Detection Duplicate 40

Nanonets

APRIL 24, 2023

Automate your mortgage processing, underwriting, fraud detection, bank reconciliations or accounting processes with a ready-to-use custom workflow. Automate your mortgage processing, underwriting, fraud detection, bank reconciliations or accounting processes with a ready-to-use custom workflow.

Assessments 52

Assessments Automation Fraud Detection Risk Assessment 52

Nanonets

JANUARY 14, 2024

Automation tools like Nanonets take it a step further, enabling users to define rules for detecting anomalies, duplicates, and mismatches. Automate your mortgage processing, underwriting, fraud detection, bank reconciliations or accounting processes with a ready-to-use custom workflow.

Reconciliation 52

Reconciliation Adjustments Checks Duplicate 52

Nanonets

OCTOBER 9, 2024

Fraud detection : The statement is analyzed for any signs of tampering, such as inconsistent fonts, altered numbers, or formatting issues.   Flag duplicate bank statements You can set up different validation rules to ensure no duplicate files.

Verification 52

Verification AI Reconciliation Payment APIs and Integration 52

Nanonets

DECEMBER 25, 2023

Duplication of Entries : If the integration isn't set up correctly, you might end up with duplicate entries. Automate Fraud Detection in QuickBooks with Stripe Security is paramount, and this is where the AI-powered fraud detection comes into play.

Finance 52

Finance Payment APIs and Integration Best Practices Automation 52

Nanonets

AUGUST 1, 2023

Machine learning programs can efficiently scan through extensive financial data, swiftly detecting anomalies such as duplicate payments and fraud indicators. This real-time approach enhances audit quality and enables auditors to detect issues promptly. Will audit be replaced by AI?

Audit 52

Audit Risk Assessment AI Assessments 52

Nanonets

JUNE 21, 2023

This process helps identify any missing or unmatched payments, duplicate transactions, or other errors that may impact the financial records. It ensures accuracy, financial integrity, fraud detection, compliance, efficient cash flow management, and informed decision-making. Why is payment reconciliation crucial for businesses?

Payment Reconciliation 52

Payment Reconciliation Reconciliation Best Practices Automation 52

PYMNTS

MARCH 8, 2017

There was a problem of data duplication,” Bhagwan said. The company plans to continue investing heavily in its security and fraud capabilities. Given the startup’s presence vast majority of active mobile devices, the startup recently leveraged its position to innovate in the realm of fraud detection.

Fraud Detection 43

Fraud Detection Duplicate Participant Continuity 43

Nanonets

JULY 24, 2023

Step 5: Find errors Although rare, errors can occur on the bank's side, such as duplicate records, incorrect transaction entries, or miscalculated commissions. Fraud Detection and Prevention: Account reconciliation plays a vital role in uncovering potential fraud and unusual activity within financial records.

Reconciliation 52

Reconciliation Finance Duplicate Accounts 52

FICO

JANUARY 9, 2019

4) Prevent Social Engineering Fraud. 5) Reduce Duplicate Invoice Payments. 5 Keys to Using AI and Machine Learning in Fraud Detection. Author TJ Horan, FICO vice president for fraud solutions, wrote a five-part series on the keys to using AI and machine learning in fraud detection.

Posting 40

Posting AI Fraud Detection Non-Bank 40

Nanonets

JULY 14, 2024

Automate manual, time-consuming tasks such as GL coding, approvals, vendor notifications, duplicate invoices, and more with no-code workflow automation. The software should be able to integrate with other business systems, such as accounting software, to streamline the invoicing process and avoid duplication of data entry.

Automation 52

Automation Process Multi-Currency Online and Mobile Banking 52

Nanonets

MARCH 4, 2024

Duplicate Claims Employees submitting the same expense for reimbursement more than once. However, as the company grew, the CFO, Alex Morgan, noticed several issues: Duplicate Claims:  Employees occasionally submitted the same expense twice due to lack of proper tracking.

Process 52

Process Compliance Automation Audit 52

Nanonets

APRIL 15, 2024

Automated tools like Nanonets simplify the generation of reconciliation statements, offering features such as automated data extraction, advanced AI capabilities, flexible configuration options, seamless integration with existing tools, enhanced accuracy, real-time fraud detection, and customizable solutions.

Reconciliation 52

Reconciliation Adjustments Checks Correspondent 52

Nanonets

MARCH 20, 2023

Features : Easy-to-use dashboard for invoices, receipts, approvals and payments 1-click approvals on mobile, email and Slack ACH, credit card, wire and multi-currency payments available AI-enabled security features - duplication detection, fraud prevention, payment tracking Fully customizable approval policies Unlimited invoice storage in the cloud (..)

Accounts 52

Accounts Payment APIs and Integration Multi-Currency Automation 52

CB Insights

MARCH 21, 2018

These include: Fraud detection and risk prevention: By moving insurance claims onto an immutable ledger, blockchain can help eliminate common sources of fraud in the insurance industry. Fraud Detection and Risk Prevention. Read on for a deep dive into how blockchain is disrupting the insurance industry.

Blockchain 78

Blockchain Audit Process Risk 78

Nanonets

JUNE 12, 2024

Cost Savings: Implemented properly, purchase order management systems ensure that businesses can negotiate better terms with suppliers, avoid duplicate orders, reduce administrative costs, and avail early payment discounts. Streamlined Purchasing: Structures the purchasing process, reducing errors like duplicate orders.

Best Practices 52

Best Practices Automation Small Business Process 52

Nanonets

MAY 6, 2024

GL reconciliation aids in fraud detection by uncovering unauthorized transactions or irregularities that may indicate fraudulent activities. Duplicate Entries : Accidentally recording the same transaction multiple times can inflate balances and create discrepancies during reconciliation.

Reconciliation 52

Reconciliation Payroll Automation Transactions 52

Nanonets

APRIL 2, 2024

Updating Internal Records and Bank Statement: Ensuring internal records align with the reconciled figures, facilitating accurate financial reporting, audit compliance, cash flow management, and fraud detection.   Detection of Discrepancies: Bank reconciliation helps detect discrepancies such as errors or fraud.

Reconciliation 52

Reconciliation Adjustments Automation Regulatory Compliance 52

PYMNTS

APRIL 22, 2016

The urgency of robust and multilayered fraud detection systems becomes especially clear against a backdrop where card-not-present fraud is likely to grow by leaps and bounds in the wake of the EMV liability shift from last year. But as it does so, eCommerce fraud goes up. And since the U.S.

EMV 40

EMV Online and Mobile Banking Processors Fraud Detection 40

The Payments Association

MAY 16, 2025

This standard introduces structured, enriched data formats for payment messagesimproving interoperability, fraud detection, and reconciliation. Legal issue/risk Next steps/action required Legal issue/risk: If systems are not ready, merchants may experience failed reconciliations, duplicate entries, or settlement delays.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

Nanonets

APRIL 3, 2024

Complex approval workflows, duplicate alerts and fraud detection. It provides a user-friendly interface, customizable OCR models, and seamless integration options, making it a versatile solution for expense management. Top Features: All your expense data is in one place.

Automation 74

Automation Payment APIs and Integration Reconciliation Financial Analysis 74

EBizCharge

MAY 20, 2024

Finally, your provider should provide a seamless NetSuite integration that minimizes the risk of duplicate data entry and offers robust fraud management tools. Look for a payment processor with transparent, competitive fees that accommodate your budget.

Process 52

Process PCI DSS Processors Payment APIs and Integration 52