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. Understanding our clients on a deeper level allows us to recognize any unusual activity that might indicate fraud.

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

APRIL 22, 2025

Since the ways merchants handle transactions can make or break their success, integrating a reliable and robust payment processing system that syncs with their other business systems can be invaluable. Centralized data management All payment data is automatically captured and stored in Salesforce, alongside customer and transaction records.

Payment APIs and Integration 52

Payment APIs and Integration Payment Gateways Gateways Payments 52

Nanonets

SEPTEMBER 25, 2024

of Americans held transaction accounts , generating an unprecedented volume of financial data.    It involves extracting key details from bank statements, such as transaction amounts, dates, descriptions, account balances, payee names, account numbers, and transaction types (e.g., In 2022, a staggering 98.6%

Process 52

Process AI Best Practices Reconciliation 52

Segpay

APRIL 16, 2024

In the world of e-commerce and digital transactions, chargebacks are a significant headache for merchants. Cardholders dispute a transaction with their bank, resulting in a reversal of funds. This is most likely due to the EU requiring that businesses adopt SCA tools like 3DS to authenticate transactions for digital payments.

Disputes 52

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

PYMNTS

JULY 26, 2019

As payments accelerate, the window of opportunity for financial service providers to identify and shut down a fraudulent transaction narrows. Every release of FinnAxia builds upon the deep expertise that we have gained from working with transaction banks across the globe — national champions or multinational players.”.

Real Time Payments 40

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

Nanonets

JANUARY 28, 2024

” Step 4: Match and Clear Transactions The QBO reconciliation screen shows a tick mark and grey background for cleared transactions. While the unmatched transactions appear at the top. For each unmatched transaction, find the matching transaction on your statement.

Reconciliation 52

Reconciliation Automation Fraud Detection Duplicate 52

FICO

SEPTEMBER 6, 2021

Contextual intelligence builds on the convergence of fraud and compliance systems , solving the essential question, “What answer, to what question, do I need to know, at what moment in time in the customer journey, to make sure the transaction is legitimate?” The bank allows the wire transaction to go through without further friction.

Financial Crimes 52

Financial Crimes Online and Mobile Banking Wire Wires 52

Nanonets

APRIL 3, 2024

Vendor reconciliation , a crucial part of this process, involves scrutinizing purchase-related documents to ensure accuracy in all vendor transactions. " Reconciliation in accounting refers to the comparing of details of transactions and financial activities between various documents.

Reconciliation 52

Reconciliation Process Accounts Duplicate 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

Electronic Transactions Association

JANUARY 25, 2024

JANUARY 25, 2024 — The Electronic Transactions Association (ETA), the leading trade association of the payments industry, unveils its strategic public policy priorities for the year 2024. With a longstanding commitment to privacy and a proactive stance against fraud, the industry continuously innovates in fraud detection and prevention.

Privacy 40

Privacy Consumer Protection Fraud Detection Duplicate 40

Nanonets

APRIL 24, 2023

The use of bank extracts allows organizations to quickly and easily extract important information such as account details, transaction history, and financial status from a range of financial documents. These are official documents issued by a bank that provide detailed information on a customer's account transactions and balances.

Assessments 52

Assessments Automation Fraud Detection Risk Assessment 52

Nanonets

JANUARY 14, 2024

The objective is to scrutinize each transaction and identify any errors or potential fraud. This can result in the transaction missing from the statement. Accounting/Banking Error : The bank or the company accountant could have made a mistake in accounting a transaction.

Reconciliation 52

Reconciliation Adjustments Checks Duplicate 52

The Payments Association

MAY 16, 2025

Regulatory developments previously confined to financial institutions and payment service providers are now extending to the systems, practices, and commercial relationships of merchantsparticularly where digital payments, cross-border transactions, and customer data are concerned. Review acquirer contracts for flexibility around fee changes.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

Nanonets

OCTOBER 9, 2024

Data matching: Key details—such as balances, transactions, and account holder information—are compared with internal records or third-party databases. Fraud detection : The statement is analyzed for any signs of tampering, such as inconsistent fonts, altered numbers, or formatting issues.

Verification 52

Verification AI Reconciliation Payment APIs and Integration 52

Nanonets

APRIL 3, 2024

Picture this: a team of expert bookkeepers diligently managing your financial records and transactions without setting foot in your office. Traditional bookkeepers are professionals responsible for recording financial transactions, maintaining ledgers, and preparing financial statements manually or using basic accounting software.

Automation 74

Automation Payment APIs and Integration Reconciliation Financial Analysis 74

Nanonets

JUNE 21, 2023

As transactions flow in and out, reconciling payments becomes crucial to ensure accuracy, identify discrepancies, and maintain a clear financial picture. Payment reconciliation refers to the process of comparing and matching financial data from different sources to ensure accuracy and consistency in the recorded transactions.

Payment Reconciliation 52

Payment Reconciliation Reconciliation Best Practices Automation 52

Nanonets

DECEMBER 25, 2023

Automated data transfer means every transaction is recorded precisely in QuickBooks, ensuring your books are always accurate and reliable. Efficient Reconciliation : Easily reconcile Stripe transactions in QuickBooks. Check a few transactions to confirm they've been categorized as expected.

Finance 52

Finance Payment APIs and Integration Best Practices Automation 52

Nanonets

JULY 24, 2023

This essential practice involves comparing transactions and other financial activities with supporting documentation and resolving any discrepancies that may arise.   The source documents include invoices, receipts, and transaction statements.

Reconciliation 52

Reconciliation Finance Duplicate Accounts 52

Nanonets

APRIL 15, 2024

  The Importance of Bank Reconciliation Bank reconciliation is the process of comparing a company's financial records with the transactions reflected in its bank statements. Transactions : The statement lists all transactions that have affected the bank account during the reconciliation period.

Reconciliation 52

Reconciliation Adjustments Checks Correspondent 52

Nanonets

MAY 6, 2024

It is a record of all financial transactions of an enterprise and provides a comprehensive account of the organization's monetary activities. These documents provide supplementary details and serve as external sources of validation for the transactions recorded in the general ledger.    Date: The date of the transaction.

Reconciliation 52

Reconciliation Payroll Automation Transactions 52

Nanonets

APRIL 2, 2024

One method involves a thorough review of documents and transactions to verify their accuracy and consistency with bank statements. Comparing Bank Statements with Internal Records: Matching transactions, highlighting differences, and verifying balances. There are various approaches to conducting bank reconciliation.

Reconciliation 52

Reconciliation Adjustments Automation Compliance 52

Nanonets

MAY 21, 2024

Investigate Discrepancies: Analyze differences, trace transactions and rectify errors. Make Adjustments: Record missing transactions and correct errors for accurate balances. Transposing numbers, omitting transactions, or recording incorrect amounts can distort the accuracy of reconciled accounts.

Best Practices 52

Best Practices Reconciliation Accounts Payment APIs and Integration 52

EBizCharge

MAY 20, 2024

The saved card feature follows Payment Card Industry Data Security Standards (PCI DSS) to ensure data security while offering a convenient option for customers who prefer to use the same payment method for recurring transactions. Saved cards can facilitate smoother, faster payments and improve customer loyalty.

Process 52

Process PCI DSS Processors Payment APIs and Integration 52

Nanonets

JUNE 18, 2024

Inter-Company Reconciliation Reconciliation process of transaction amounts between entities belonging to the same parent company. Credit Card Reconciliation Comparing company credit card receipts with credit card statements is very important to ensure that all transactions are accurately recorded.

Reconciliation 52

Reconciliation Accounts Automation Credit Cards 52

FICO

JANUARY 9, 2019

All of these multichannel, “always on” interactions that we’ve referenced generate large amounts of data, which is typically captured in various sources such as CRM applications, transactional data stores, disparate account management data stores, etc. 4) Prevent Social Engineering Fraud. 5) Reduce Duplicate Invoice Payments.

Posting 40

Posting AI Fraud Detection Non-Bank 40

Nanonets

AUGUST 1, 2023

AI also plays a crucial role in detecting fraudulent activities, scrutinizing transactions, and alerting auditors to potential irregularities. Machine learning programs can efficiently scan through extensive financial data, swiftly detecting anomalies such as duplicate payments and fraud indicators.

Audit 52

Audit Risk Assessment AI Assessments 52

Nanonets

JUNE 26, 2024

A bank reconciliation statement is a financial document that compares a company's bank account balance to the transactions recorded on its general ledger, often called the "cash books." We can single out the unreconciled transactions by eliminating the entries that can be traced on both records.

Reconciliation 52

Reconciliation Adjustments Audit Checks 52

PYMNTS

MARCH 8, 2017

The second largest transaction came in the cybersecurity and fraud space, where Palo Alto Networks bought LightCyber, which aids in attack detection, for $105 million. There was a problem of data duplication,” Bhagwan said. The company plans to continue investing heavily in its security and fraud capabilities.

Fraud Detection 43

Fraud Detection Duplicate Participant Database 43

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. Blockchain technology can enable better coordination between insurers to combat fraud.

Blockchain 78

Blockchain Audit Process Risk 78

Nanonets

MARCH 20, 2023

Automated accounts payable software can efficiently manage large volumes of financial transactions between a company and its suppliers, while also automating ancillary activities such as approvals and payments. Accounts payable software is increasingly being used by businesses worldwide. Looking to automate your manual AP Processes?

Accounts 52

Accounts Payment APIs and Integration Multi-Currency Automation 52

Nanonets

JANUARY 8, 2024

The aim is to ensure all transactions are accurately recorded in the company's cashbooks and to find any errors or fraud. However, let's understand the manual bank reconciliation process once: Step 1: Gather documents On the bank side, you need the bank statements, outstanding checks, deposits, and any pending transactions.

Reconciliation 52

Reconciliation Process Adjustments Checks 52

Nanonets

JANUARY 8, 2024

The aim is to ensure all transactions are accurately recorded in the company's cashbooks and to find any errors or fraud. However, let's understand the manual bank reconciliation process once: Step 1: Gather documents On the bank side, you need the bank statements, outstanding checks, deposits, and any pending transactions.

Reconciliation 52

Reconciliation Accounts Adjustments Checks 52

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

JUNE 19, 2024

Payment Processing : Nanonets facilitates seamless payment processes, ensuring that all transactions are completed efficiently and on time. Multiple  purchasing  transactions involving a large number of employees necessitates complete monitoring and tracking of the entire process.

Small Business 52

Small Business Automation Audit P2P 52

Nanonets

JUNE 29, 2023

Complex approval workflows, duplicate alerts and fraud detection Payment and reconciliation that works like magic. Nanonets reads transaction information from any source, updates the invoice, and posts to your ERP. Flow demo Top features: All your expense data in one place.

Payment APIs and Integration 52

Payment APIs and Integration Automation Credit Cards Online and Mobile Banking 52

Nanonets

MARCH 4, 2024

In essence, managing expenses effectively is not just about financial transactions but about sustaining a healthy organizational ecosystem. Duplicate Claims Employees submitting the same expense for reimbursement more than once. Fraud Detection:  Unusual spending patterns trigger alerts.

Process 52

Process Compliance Automation Audit 52