EBizCharge

MARCH 20, 2025

Automatic data syncing also reduces duplication and AR errors. Fraud prevention tools: Helps detect and prevent fraudulent transactions. Additional security like 3D Secure , off-site data storage, and customizable fraud modules will also be valuable tools to protect customer payments.

Payment Gateways

Nanonets

JULY 13, 2023

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?

Duplicate

PYMNTS

OCTOBER 1, 2020

Those apps, she said, should provide security and fraud prevention, transaction insights, “seamless DIY” and customized engagement. Consumers expect to service their accounts with activities like profile setups, making payments and helping manage their accounts with dispute resolution and fraud alerts,” she said.

Online and Mobile Banking

Fintech Finance

APRIL 22, 2024

Basware , a global leader in AP automation and invoice processing, has introduced AP Protect, an AI-powered solution that empowers finance teams to protect their organisations from the threat of profit loss, invoice errors and fraud. On average, this prevented up to $1m in losses for $1bn spent by a company.

Fraud Prevention

Clearly Payments

OCTOBER 1, 2024

Interchange fees are meant to cover the costs incurred by the card-issuing bank for handling risks associated with the transaction, including fraud prevention , handling customer disputes, and maintaining the payment infrastructure. Every country has its own set of interchange fees.

Contactless Payments

Payment Savvy

JANUARY 26, 2022

There’s no need to deprive high-risk merchants of industry-standard fraud prevention technologies because they’re risky. Let’s have a look at some standard fraud prevention measures you should put in place right away to ensure a secure high-risk merchant account. Duplicate Detection. AVS Response.

Risk

Nanonets

APRIL 7, 2023

Book a 30-min live demo to see how Nanonets can help your team save $11 on every invoice payment that you do this year.

Treasury Management

PYMNTS

OCTOBER 4, 2019

Legacy payment providers are looking for ways to innovate in the ways that [FinTech firms] do, and to avoid duplicative costs.”. “The trend is expected to continue in the near future,” Pangretic said. Recent Trends. However, those aren’t the only considerations that matter in this year of big payment deals.

Credit Cards

The Payments Association

MAY 16, 2025

Key areas of impact include fraud prevention, card fee structures, accessibility standards, stablecoin usage, and the treatment of consumer data in evolving open finance ecosystems. Next steps/action required: Conduct a comprehensive fraud risk assessment across all channels and partners.

Regulations

PYMNTS

DECEMBER 18, 2020

We’ve seen manufacturer coupons that are easily duplicated or there is no limit, so customers can use the same coupon over and over again,” Rauch said. Physical coupon abuse has been especially prevalent, with fraudsters deploying numerous tactics to take advantage of offers.

Duplicate

PYMNTS

JUNE 20, 2019

Suppliers can also submit duplicate invoices, or issue the same invoice with different billing amounts. These accounts payable-related warning signs are among the many so-called “red flags” that fraud examiners watch for when looking to detect nefarious behavior, according to Baader and Krcmar.

B2B

Segpay

APRIL 16, 2024

Billing Issues: Discrepancies in billing, such as duplicate charges or incorrect billing amounts, can lead to chargebacks. Source: Chargebacks911 Strategies for Merchant Protection: Implement Fraud Prevention Measures: Use fraud detection tools and technologies to identify and prevent fraudulent transactions before they occur.

Disputes

PYMNTS

APRIL 4, 2018

According to MonetaGo Chief Executive Jesse Chenard, between 1 and 2 percent of invoice financing around the globe is subject to fraud. This often occurs when suppliers send duplicates of the same bill to multiple funding avenues, reports in American Banker noted.

Blockchain

FICO

MARCH 23, 2021

In our experience, we typically see that the breakdown is being driven by risk tolerance and discomfort from two basic kinds of risks: (1) authentication fraud prevention (2) credit risk assessment. For starters, do you know what your automation levels are and the key causes of manual review?

Risk Assessment

PYMNTS

AUGUST 8, 2018

The funds will be used to focus on growing its employee base and investing in outreach so it can grow its solution, which uses artificial intelligence and machine learning to tackle problems like data entry and duplicate invoices. This technology, though, can manage other key issues with invoice processing, including fraud and duplicates.

Duplicate

Cardfellow

OCTOBER 26, 2022

Fraud Management PayTrace offers several fraud management options, including the ability to limit duplicate transactions with a certain time period, require certain information (such as billing address or card security code) before processing a transaction, automatically cancelling transactions that fail security authorizations, and more.

Gateways

Nanonets

MAY 7, 2024

By comparing these records, businesses can identify any discrepancies, such as missing or duplicate transactions, incorrect or false amounts, or any unauthorised expenses and transactions. This process is essential for maintaining financial accuracy, compliance with regulations, and preventing fraud or errors.

Reconciliation

PYMNTS

OCTOBER 2, 2018

But that doesn’t mean those consumers will stay away from the social media platform for good, especially if the bulk of their friends keep using it, according to remarks made recently to PYMNTS by Sunil Madhu , founder of identity verification and fraud prevention services provider Socure. ” Another issue?

Privacy

PYMNTS

APRIL 4, 2018

However, for companies that have invested years and dollars building their own systems around the particular requirements and flows of their business, the migration becomes much less attractive, as those things can be difficult to duplicate in the cloud. Another Cloudless Day.

Duplicate

Nanonets

SEPTEMBER 21, 2023

By maintaining accurate accounts payable management, businesses can avoid overpaying or underpaying suppliers, mitigate the risk of duplicate payments, and ensure compliance with financial regulations. With the rise of digital transactions and remote work, the risk of accounts payable fraud has increased significantly.

Accounts

Nanonets

NOVEMBER 14, 2023

Fraud Prevention and Compliance: Automated systems are equipped to identify discrepancies like duplicate invoices or unusual payment patterns, enhancing fraud prevention. Managers can monitor AP processes more effectively, identify bottlenecks, and make data-driven decisions.

Accounts

FICO

NOVEMBER 8, 2022

The key for providers is to understand that identity verification isn’t simply about fraud prevention. Good fraud protection is a competitive advantage and should play a greater role. This is how the inefficiencies that increase costs and duplications that frustrate customers are created.

Scams

Clearly Payments

JUNE 12, 2024

Furthermore, billing errors and duplicate charges account for a smaller percentage of chargebacks, roughly 5-10%, where customers dispute charges due to incorrect billing amounts or being charged multiple times for a single transaction.

Disputes

PYMNTS

JANUARY 31, 2018

Coelho explained that, while there’s no silver bullet in fraud prevention, a few factors make email a powerful tool the world over. Second, there are no duplicates, because the world wide web is, well, worldwide. First, it’s a global variable (whereas identifiers like the Social Security number are more localized).

Cross-Border

Nanonets

JUNE 22, 2023

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.

Reconciliation

PYMNTS

JANUARY 28, 2020

“The fact that these coupons never manifest as paper, along with the requirement that shoppers acquire these coupons by attaching them to registered, uniquely identified accounts, eliminates the possibility of physical duplication and/or sharing of these types of offers,” Ross said in 2016. “In

Duplicate

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

Nanonets

OCTOBER 9, 2024

  Whether you're a loan officer reviewing an application or a business owner ensuring your clients’ payments are in order, bank statement verification is integral to ensuring financial accuracy and fraud prevention.

Verification

PYMNTS

DECEMBER 2, 2019

The company’s SafeTix technology was launched in partnership with the National Football League and provides users with unique barcodes that constantly refresh, thus preventing them from being stolen or duplicated by fraudsters. Karyo said the service addresses a common vulnerability of tickets — their static barcode images.

Point-of-Sale (POS)

PYMNTS

MAY 29, 2020

Fraudsters could trick victims into handing over their bank account details online by sending emails from their “banks” that prompt them to “log in.”

Online and Mobile Banking

Nanonets

JUNE 27, 2024

Bank reconciliation is essential since it helps in the early detection of fraud, prevents financial statement errors during manual data entry, and provides a clearer picture of the company's finances. Prevent fraud by flagging unrecorded transactions and prompt investigation.

Accounts

Nanonets

APRIL 24, 2024

Error Detection : These audits help in detecting errors such as incorrect postings, duplicate transactions, or unauthorized withdrawals, thereby reducing the risk of financial misstatements.

Reconciliation

CB Insights

MARCH 21, 2018

Developing industry-wide fraud prevention is crippled by the constraints around sharing personally identifiable information — such as name, address, date of birth, etc. A proposed counter-fraud blockchain implementation.

Blockchain

PYMNTS

APRIL 22, 2016

It replaces the static data on a mag stripe with dynamic data on a chip, thereby making card duplication much harder and cutting down on counterfeiting and fraud at the point of sale. But as it does so, eCommerce fraud goes up. And since the U.S.

EMV

Nanonets

JANUARY 8, 2024

It's important to reconcile bank statements to identify errors, detect fraud, and maintain an accurate ledger. Here are the key benefits of bank reconciliation: Identify Accounting Errors: The cashbook may contain inaccuracies stemming from duplicate payments, missed payments, lost checks, and even simple human errors.

Reconciliation

Nanonets

JANUARY 8, 2024

It's important to reconcile bank statements to identify errors, detect fraud, and maintain an accurate ledger. Here are the key benefits of bank reconciliation: Identify Accounting Errors: The cashbook may contain inaccuracies stemming from duplicate payments, missed payments, lost checks, and even simple human errors.

Reconciliation

EBizCharge

MAY 20, 2024

The EBizCharge for NetSuite payment integration delivers real-time payment processing, automatic reconciliation, customizable reporting, recurring billing capabilities, and fraud prevention, enabling businesses to manage their finances more efficiently and improve the overall customer experience.

Process