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From a Press Release dated July 2, 2025, Reston, VA Eftsure, a global leader in payment fraud prevention, has been named a Nacha Preferred Partner, joining a select group of technology providers recognized for advancing the ACH Network.
“Together, we will improve the experience by connecting traditionally disparate steps of the search and financing process with leading technology that removes friction, reduces costs, and increases value to American homebuyers.”
Thanks to improvements in banking technology, regulatory frameworks that encourage innovation, and modernisation of payment infrastructures, the constraints that once made card networks the default option are starting to fall away. It expresses the views and opinions of the author.
Once a system for masking sensitive data, tokenisation has evolved into a foundational technology for enabling secure, interoperable, and scalable digital payments. This foundational technology is reshaping how identity, consent, and value are managed in the digital economy, from safeguarding transactions to enabling new economic models.
Member states’ representatives have approved proposals from the Council of the European Union to improve the payment services environment in the EU to reduce payment fraud, promote technological innovation, better protect consumers, and increase transparency on fees.
The disconnect between everyday smartphone verification and banking authentication is becoming harder to justify as payment technology and regulation advance. However, it’s becoming necessary as new technologies and expectations leave traditional models behind.”
Banks often invest heavily in developing duplicative systems, which can limit innovation and delay growth. With the technology we’ve built, we can now integrate AI into every aspect of banking. Thsi will enable banks to access a full banking stack combining both core infrastructure and operational capabilities.
Product not received” and “duplicate processing” disputes typically show strong automation ROI. Change management determines implementation success more than technology choices. High-volume reason codes with straightforward evidence requirements offer the best starting points.
Support for digital wallets and emerging payment trends doesnt just improve the customer experienceit helps future-proof your business as technology evolves. That leads to fragmented data, inconsistent customer experiences, and duplicated efforts.
Creating frictionless B2B commerce experiences is critical for driving long-term buyer loyalty for our clients, explained Dan Zimmerman , chief product and technology officer at TreviPay.
“Creating frictionless B2B commerce experiences is critical for driving long-term buyer loyalty for our clients,” TreviPay Chief Product and Technology Officer Dan Zimmerman said. “With HSBC on board, TreviPay has additional tools to scale our technology and leverage an API-based model to move into new markets.”
TL;DR Online payments rely on API or hosted gateways with encryption and fraud detection, while in-store transactions require POS hardware with EMV chip technology and NFC capabilities. For enhanced security, it uses EMV (Europay, Mastercard, and Visa) chip technology and contactless payments, like Apple Pay and Google Pay.
This is a critical trust moment—delays or confusing messages can spark doubts or trigger duplicate charges if customers retry payment. Incompatible technology creates headaches, delays, and costly workarounds. Mistakes to Avoid When Choosing a Payment Gateway Rushing decisions about payment technology typically lead to regrets.
While some technological solutions are available, none have fully reduced the burden on finance managers. However, modern spend management tools can swiftly sift through vast amounts of data, check for duplicity, matches the claims with company policies, and process them in real time.
Technologically, such efficiency requires 24/7 online front-to-back reconciliation and accounting, and this is where the uniqueness of Way4’s architecture lies. The bank immediately noticed a positive impact on its operational efficiency, Thanks to Way4, we got rid of a lot of unnecessary duplication, checks and business processes.
How can banks better collect, orchestrate, and reuse data to streamline onboarding and reduce duplication? How can banks lay the groundwork to scale advanced technologies responsibly? Too often, data is siloed or incomplete, leading to duplication of effort, delays, and an inconsistent experience for commercial clients.
For example, Capital One’s Eno can proactively warn customers about suspected fraud or duplicate charges, engaging them in real-time via text message. Early pilots suggest that these AI chats can handle complex queries with a more conversational tone, making customers feel heard and supported.
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.
Here are 8 ways technology can now fill the gap: CRM-Embedded Credit Intelligence: By integrating natively with CRMs like Salesforce, sales teams don’t need to toggle between platforms. No more duplicate data entries, conflicting terms, or disconnected workflows. Just smooth, collaborative decision-making.
By the end of 2020, Ramps software had begun identifying areas of wasteful spending for customers (such as duplicate subscriptions or unused SaaS seats), reinforcing its brand promise of helping companies save money. This shows Ramps ability to integrate new teams and technologies effectively, a significant operational achievement.
It takes thoughtful planning, clean execution, and the right mix of technology and people. You might have to chase down missing payments, fix compliance issues, or handle duplicate data. Managing payments within your ERP isn’t just about plugging in a tool and hoping it works. It’s frustrating and risky.
Streamlining Regulatory Requirements : The Chancellor highlighted that some regulatory requirements are duplicative and could be streamlined. The Treasury, the FCA and the PRA will shortly publish the outcomes of a review including a commitment to consult on removing the current Certification Regime from legislation.
Errors, duplicates, and inconsistencies pile up, forcing data engineers to spend 80% of their time cleaning and prepping data—leaving only 20% for actual analysis or AI modeling. The technology (tools) wasn’t the differentiator here, the key was getting the data pipeline in order with the help of specialized AI models.
Without proper review, developers often introduce inconsistent logic, duplicate code, or small mistakes that balloon into major refactoring efforts later. Rosalia Mazza Feb 24th Technology How Innovation and Technology Are the Keys to Improving Financial Inclusion According to WEF estimates, there are 1.4
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?
Regular data cleaning processes should also be in place to identify and correct inaccuracies or remove duplicate records. Continuous Improvement The threat landscape and technology are constantly evolving, so it’s essential to continuously review and improve your data protection measures.
Biometric security has become a normal part of modern technology. As these technologies continue to evolve, they not only enhance security but also improve user experience. What Are Biometric Technologies and How Do They Work? However, pressing concerns about privacy and fraud by cybercriminal networks must be addressed.
All requirements for what-if scenarios are facilitated simply via duplicating a plan’s data set and flexing the necessary parameters to analyze the impact. Technology is at, or near, the point where extension kits, rest APIs and legacy connectivity ensure that seamless integration across applications is part of typical business strategy.
This explainer will offer simple definitions and analogies for blockchain technology. It will also define Bitcoin, Ethereum, blockchain broadly, and initial coin offerings, and highlight promising use cases for the technology. Blockchain technology solves this problem without using a trusted intermediary.
But lately, stores are realizing that they don't want to duplicate Starbucks' success. For years, retailers have looked upon Starbucks' mobile payment app — which is used for more than a fifth of its U.S. in-store payments — with envy.
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.”.
As businesses adapt to the accelerating pace of technological change and new e-invoicing mandates, one aspect of financial management stands out – accounts payable (AP) automation. Duplicate and fraudulent invoice detection : AI engines can identify potential duplicate invoices or invoices with unusual amounts and flag them for review.
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.
However, new technologies continuously change the environment and how we play the SEO game. Blockchain is one such emerging technology in the online world. Blockchain is a technology that was first created to serve as the foundation for cryptocurrencies like Bitcoin. Blockchain technology can reduce these hazards.
Companies can leverage offerings that use AI-powered technology to quickly learn to parse relevant details from scanned or emailed invoices and code that data according to internal policies. These types of technology-based supports are in demand in AP departments: A 2019 study of 1,000 U.S.
Technology’s New Approach To Trust. Automation technology has made an effort to address financiers’ biggest trade finance risks and the knock-on effects of a lack of trust in the market. One of the most promising tools in this space, according to Tarone, is blockchain. But blockchain goes further, said Tarone. ”
This approach is particularly nuanced for fintech startups, where future cash flows are speculative and can vary widely based on numerous factors, including market adoption, regulatory changes, and technological advancements. Tips for Fintech Startups Seeking a Valuation Valuing a company accurately is both an art and a science.
Recently, FloQast published an e-book on how technology can improve audit efficiency based on Ashley’s first-hand experience. Let’s say you hired a new AP person and want them to complete the AP reconciliation PBC – they can look back at last year’s file and do their best to duplicate the work (assuming it was done correctly!)
“While many banks have started proof of concepts to explore the use of blockchain technology, BlockCypher customers are already in production,” the company said in its press release. “Blockchain technology has the potential to revolutionize the financial sector,” he said. Reports on Wednesday (Sept. ”
As a result, they have adopted technology like Kubernetes that allows them to scale quickly and on demand. They can also have auto-scaling technology that allows them to add more servers and scale down if needed. For that reason, DadeSystems has multiple read replicas that are duplicates of the production database made in real time.
However, this powerful technology has also been exploited by malicious actors to create deepfakes – highly convincing simulations of individuals saying or doing things they never actually did. The growing sophistication of deepfake technology has made it increasingly difficult for traditional eKYC solutions to detect and prevent fraud.
Luckily for AP teams around the world, new tools and technologies have been developed to make it easier to efficiently manage the vendor payments process. Now, through the use of technology, many of these checks and balances can be automated , resulting in lower error rates, faster payment timelines, and a multitude of other benefits.
The worst part is that without the proper technology to help streamline and integrate financial reporting processes, your business will continue to have cascading errors, which will eventually result in the worst of all horrors: performance bottlenecking.
AI deepfakes often have convincing video and voice manipulation, making them increasingly difficult to identify–and this technology is only becoming more advanced and easily accessible. The two images below are examples of unsuccessful attempts by fraudsters to bypass Evolve Payment’s verification process with AI deepfake technology.
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