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By combining our expertise in commercial card optimization with TransferMate’s robust global payout infrastructure, we’re creating a more powerful, seamless payment experience while maintaining the highest levels of regulatorycompliance and security that our customers expect.
Boost customers will have access to payment licensing for over 200 countries in North America, Europe, Asia, due to the TransferMate integration. Working together, the companies are streamlining processing and reconciliation for accounts payable and receivable teams dealing with international payments.
Better data visibility also supports regulatorycompliance, audit preparation, and financial reconciliation for global operations. Why Marqeta Matters in Embedded Finance Embedded finance refers to offering financial services within non-financial platforms, creating seamless experiences for users.
Many merchant services providers also assist with regulatorycompliance, chargeback management, and reporting tools to help businesses streamline their financial operations. A high-quality MSP provides real-time analytics, detailed transaction history, and automated reconciliation features to simplify accounting processes.
Thankfully, processing credit cards with an efficient Sage 100 payment solution automates key payment workflows, including invoice generation, payment collection, and data entry, reducing the need for manual intervention. By adhering to these standards, businesses can reduce data breach risks and maintain regulatorycompliance.
Notably, they will prioritise payment orchestration solutions (75%), digital wallets (with an 80% priority for the fashion retail sector), loyalty systems (73%), digital cards, and multi-country embeddedpayment solutions (71%). This research confirms the industry’s shift towards integrated financial services.
Increased data security and compliance with regulations Data security and regulatorycompliance are critical concerns for businesses. Therefore, integrating electronic payment options within an ERP system strengthens data protection measures.
This includes data entry, invoice processing, bank reconciliations, and payroll management, which can be completed seamlessly with AI-driven software. AI identifies potential compliance risks in real-time, helping businesses avoid legal penalties and prepare for audits with accurate, well-organized financial records.
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