Clearly Payments

APRIL 17, 2025

While it may sound like a complex term, reconciliation is simply the process of making sure that two sets of financial records match. At its core, reconciliation is a comparison process. Reconciliation is an important process for several reasons: 1. The payment reconciliation process usually involves a few key steps: 1.

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Reconciliation Payment Reconciliation Processors Payments 52

VISTA InfoSec

MARCH 28, 2024

To achieve this, regularly review your data collection forms and processes to identify and eliminate any unnecessary data fields. Regular data cleaning processes should also be in place to identify and correct inaccuracies or remove duplicate records.

Data Breach 278

Data Breach Regulatory Compliance Breach Encryption 278

The Fintech Times

MARCH 28, 2025

TreviPay , the B2B payments and invoicing network, has launched advanced purchase controls to address pain points in the B2B purchasing process for its clients. ” The advanced purchase controls solution includes a range of configurable options to ensure B2B buyers can pay invoices according to their preferences.

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B2B Reconciliation Duplicate Compromise 64

Fintech News

FEBRUARY 2, 2025

24/7 fully online processing for impatient cardholders Cardholders demand fast service, no matter how complex their request is, and frictionless, instant processing of every request is a standard achieved with OpenWays card issuing solution. All due processing rules are immediately applied according to the optimal scenario.

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Card Issuer Issuers Multi-Currency Online and Mobile Banking 104

Finovate

MAY 20, 2024

90% reduction in data duplication 78% decrease in time needed to research records 5 hours per week saved by eliminating manual processes Time-to-response decreased from 1 to 2 days to less than 1 hour 35% increase in customer retention rates Join LeanData at FinovateSpring next week and see it in action.

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Duplicate Facilitators Research Process 117

Fintech Finance

MAY 1, 2025

Together, they set a new standard in how businesses manage payment operations, transitioning from manual, reactive processes to proactive, intelligent workflows. Notify me if any duplicate payments are charged. “We see the full payment lifecycle. How many reconciliation items have been open for over 30 days?

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Treasury AI Duplicate Payments 59

Nanonets

AUGUST 7, 2023

Join us as we dive headfirst into the captivating realm of AI image processing. What is AI Image Processing? At its core, AI image processing is the marriage of two cutting-edge fields: artificial intelligence (AI) and computer vision. How does AI Image Processing Work? 

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AI Process On-Demand Automation 90

Nanonets

JULY 14, 2023

We will also touch upon what is wrong with the current state of invoice recognition OCR and information extraction in invoice processing. For a long time, we have relied on paper invoices to process payments and maintain accounts. But can this process be done better, more efficiently, with less wastage of paper, human labor and time?

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Automation Process Payment APIs and Integration Database 98

Payments Source

AUGUST 14, 2019

Were the Fed to develop its own payments platform, it would be expensive, duplicative, inefficient, and curtail development of real-time services, argues the National Taxpayers Union's Thomas Aiello.

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Fed Faster Payments Duplicate Payments 117

Nanonets

JUNE 19, 2024

What is the Vendor Reconciliation Process in Accounts Payable Vendor reconciliation is a critical practice in accounts payable to ensure the completeness and accuracy of vendor payments. Accounts payable teams must reconcile payments regularly to avoid double-processing them.

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Reconciliation Process Accounts Duplicate 52

Stax

MARCH 27, 2025

Automated Clearing House (ACH) is one type of EFT that processes payments in batches through the ACH Network. For businesses, a fast and seamless payment process means happy customersand the statistics show it. It seems straightforward for clients, but behind the scenes, a financial institution keeps the process in check.

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ACH Electronic Funds Transfer (EFT) Wire Transfer Wires 88

Fintech Finance

JANUARY 29, 2025

Integrated payment hub for advanced processing and workflow automation with ISO 20022 translation, duplicate detection, transaction monitoring and fraud prevention. Subscription-based pricing tailored to contract duration and usage, providing financial institutions with cost predictability and scalability.

SWIFT 59

SWIFT ISO 20022 Payment APIs and Integration Disaster Recovery 59

Finovate

MARCH 31, 2025

The purchase controls respond to pain points in the B2B purchasing process, automating controls to reduce payment delays, minimizing manual reconciliation, and making it easier for companies to remain compliant. ” Headquartered in Overland Park, Kansas, TreviPay made its Finovate debut at FinovateFall 2022 in New York.

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B2B Reconciliation Online and Mobile Banking Small Business 59

The Finance Weekly

OCTOBER 4, 2021

Identify duplicate or fraudulent invoices. Optimize business processes to reduce costs. Adopting an automated spend management solution can help you cut unnecessary spending and utilize your resources optimally. Here are some examples: Track every payment. No payments without approvals. Ensure internal budget controls are met.

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Duplicate Automation Product Continuity 130

PYMNTS

MAY 16, 2020

The company said that the system “may record bank note serial numbers and denominations to prevent duplicate bank notes, [and] may ensure transaction security by storing transaction signing private keys on a chip or mobile device Secure Element (when available). Embodiments may also allow for user anonymity.”.

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Government Governance Blockchain Request for Comment 128

Payments Source

FEBRUARY 13, 2020

It can be hard to spot insider fraud, duplicate invoices and service glitches by hand, says says AppZen's Anant Kale.

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Duplicate ISOs Process Payments 97

Fi911

JULY 19, 2024

List of Visa Chargeback Reason Codes: By Category Visa chargeback reason codes are divided into four main categories: Fraud, Authorization, Processing Errors, and Consumer Disputes. Visa Fraud Monitoring Program Authorization These reason codes are related to issues with the authorization process. Duplicate Processing 12.6.2:

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Disputes Duplicate Non-Bank Authorization 102

Payments Source

MARCH 3, 2020

Duplicates can take many different forms and can be difficult to find in a manual review process, says AppZen's Josephine McCann.

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Duplicate B2B AI Process 74

Nanonets

APRIL 3, 2024

Guide to the Vendor Account Reconciliation Process Running a business involves collaboration with various vendors who provide different kinds of products and services. Vendor reconciliation , a crucial part of this process, involves scrutinizing purchase-related documents to ensure accuracy in all vendor transactions.

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Reconciliation Process Accounts Duplicate 52

Stax

MARCH 4, 2025

At each step of the process, the participants charge a small fee, ranging from 10 cents to almost two dollars, which ultimately adds up to about three dollars for the entire transaction. While the fundamental payment processing steps are similar, the integration processes differ.

Credit Cards 88

Credit Cards Payment APIs and Integration Payment Gateways Gateways 88

Payments Source

AUGUST 20, 2018

Because the legal cannabis industry is typically considered too high-risk for most banks and payment processors to work with, most technology solutions are designed to duplicate the familiar process of paying by card.

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Legal Duplicate Processors Risk 73

Chargebee

MAY 23, 2024

An unplanned migration process can lead to data duplication, inaccurate revenue reporting, and business downtime – all affecting the incredible subscriber experience you want to deliver to your customers. You’ll reach the finish line only when you nail the implementation, migration, and onboarding.

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Best Practices Duplicate Process 76

The Fintech Times

DECEMBER 19, 2024

With more invoices to process and a larger number of suppliers to manage, AP teams face greater complexity, which increases the likelihood of errors or fraud. Meanwhile, reliance on paper-based processes and inadequate statement reconciliation leaves teams exposed to errors, inefficiencies, and fraudulent activities.

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Automation AI Fraud Prevention Deepfake 59

Nanonets

DECEMBER 26, 2024

Companies like Nanonets and Centime have made AP processes smarter, faster, and more streamlined through cutting-edge technology, while also paving the way for more comprehensive financial solutions. Improved compliance and reduced risks of duplicate or late payments. Automating invoice approvals to streamline workflows.

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Automation Accounts Duplicate Finance 52

Nanonets

SEPTEMBER 25, 2024

For businesses processing thousands of bank statements daily—from insurance companies to financial institutions, bank statement processing presents a challenge and an even bigger opportunity for automation. In this article, we’ll explore applications of AI and automation for bank statement processing.

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Process AI Best Practices Reconciliation 52

PYMNTS

DECEMBER 18, 2020

Such modernizations could help financial departments process invoices more quickly and easily.”. According to the new Digital Shift Report , “many businesses may think their AP processes — although not perfect — are working fine. Additionally, duplicate payments are just as serious and will impact the buyer’s cash flow.

Automation 64

Automation Process AI Payments 64

Fi911

MAY 22, 2024

A payment reversal is the process through which funds from a transaction are returned to the payer’s account. This process can be triggered for various reasons, such as a disputed charge, an error in the transaction, or fraud detection. What is a Payment Reversal? In the next sections, we’ll outline how each of these work.

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Payer Address Verification System (AVS) Disputes Payee 103

FloQast

JUNE 12, 2024

Curis , a biopharmaceutical innovator based in Lexington, Massachusetts, faced challenges with their traditional, paper-heavy month-end Close process and compliance program. While control ownership and execution functioned well, the Provided By Client (PBC) process was time-consuming, and external audit fees were high.

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Compliance Close Processes Audit Duplicate 105

PYMNTS

DECEMBER 31, 2019

Such legacy payment methods are usually tied to paper-based invoices and manual tracking and reconciliation procedures, which impede payments from being processed in a timely manner. Manual processes can be particularly problematic for such businesses because these firms can generate thousands of payments every day.

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PYMNTS

MAY 7, 2020

There is a difference, he explained, between this analytical approach, and the operational approach that process mining technology can take. Celonis recently rolled out a process mining operational application designed for the accounts payable department with a focus on enabling businesses to optimize their payment processes.

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Process B2B Payments Accounts 56

Clearly Payments

AUGUST 6, 2024

This lower win rate can be attributed to AMEX’s stringent review process and its role as both the issuer and network. Reason Codes The most common chargeback reason codes for AMEX chargebacks include: Authorization Issues: Accounting for 23% of AMEX chargebacks, these occur when transactions are processed without proper authorization.

Disputes 105

Disputes Visa Issuers Duplicate 105

VISTA InfoSec

OCTOBER 20, 2023

Emergency Mode Operation Plan (Mandatory) : Formulate (and apply as necessary) strategies to ensure the continuation of vital business processes for the protection of the security of electronic protected health information during emergency operations. Detail the Assets: Catalog each asset in the inventory with its specific details.

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Disaster Recovery Procedures Regulatory Compliance Duplicate 130

Nanonets

MAY 11, 2023

Invoice processing or bill processing is the whole gamut of operations associated with the business-end (pun unintended) of purchasing products/services from a vendor.  Let us see how invoices are processed and how automation helps streamline invoice management to help businesses run more efficiently.

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Nanonets

MARCH 4, 2024

Expense reimbursement is a fundamental aspect of business operations, encompassing the process by which employees are paid back for expenses they've incurred on behalf of the company. However, managing this process is fraught with challenges. Duplicate Claims Employees submitting the same expense for reimbursement more than once.

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Process Compliance Audit Automation 52

EBizCharge

MARCH 20, 2025

Integrating a payment gateway into Sage accounting software provides numerous advantages for merchants, including streamlined payment processes, improved cash flow, and enhanced security. This article will walk you through the integration process in Sage, from selecting the right payment gateway provider to enabling and testing your solution.

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Payment Gateways Gateways Payment APIs and Integration Payments 52

EBizCharge

MAY 20, 2024

NetSuite is a comprehensive cloud-based Enterprise Resource Planning (ERP) platform designed to aid businesses in managing key operational processes. These tools allow merchants to streamline accounts receivable (AR) processes, making payment collections a breeze. What kinds of tools and features does NetSuite offer?

Process 52

Process PCI DSS Processors Payment APIs and Integration 52

FloQast

NOVEMBER 28, 2023

Since joining the company, Ashley has been instrumental in enhancing processes and formalizing the accounting function, contributing to Lovevery’s ability to scale efficiently. Constant upgrades, changes, and additional automation can be built into your systems and processes. Check out the full e-book here.

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