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How Fintech and AI Have Joined Forces to Improve Back-Office Operations

The Fintech Times

One way to structure some of what were seeing is by walking through the life cycle of a purchase with a third-party vendor. “Second is procurement and vendor management. . DEX is not a new idea; it simply describes how end users (either employees or customers) interact with IT devices.

AI 76
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Build vs buy? Strategic decisions in financial crime management

The Payments Association

For example, initial iterations of an in-house system might produce a rudimentary user interface that fails to meet the practical needs of end-users, forcing the development team to revisit their work and implement additional features like effective case management or streamlined reporting capabilities.

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JPMC Opens eWallet So Tech Firms Can Offer Virtual Bank Accounts

PYMNTS

Tech companies benefit by avoiding payment processing fees to third-party vendors whenever customers use their virtual accounts for payments, the report said, while JPMorgan benefits by being the sole payment processing and cash movement firm for tech companies that offer the eWallet to their customers.

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The Cybersecurity Juggling Act Of Buyer-Supplier Connectivity

PYMNTS

Rather, it comes in the form of how that organization connects to its customers, business partners and suppliers — all third parties over which an organization has no control. Cybersecurity and IT experts agree that ease-of-use for end users is among the biggest advantages of SSL VPN technology. Digital Transformation.

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JPMorgan Develops Wallet To Help Tech Firms Offer Virtual Bank Accounts

PYMNTS

Tech companies benefit by avoiding payment processing fees to third-party vendors whenever customers use their virtual accounts for payments, the report said, while JPMorgan benefits by being the sole payment processing and cash movement firm for tech companies that offer the eWallet to their customers.

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The PayFac Profile: Examples of Successful Payment Facilitator Companies

Exact Payments

It gives end users the ability to seamlessly make payments from the convenience of the app or software they already know and love. Online Marketplaces The third major category of businesses that are becoming PayFacs is online marketplaces. The PayFac model has been successfully adopted by SaaS companies in a range of verticals.

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Direct To Consumer: Ditching The Middleman

PYMNTS

From Warby Parker to Etsy and Everlane, more startup consumer companies are making the choice to remove the middleman between themselves and the end user. Basically, the realm of DTC enables businesses to both manufacture and sell their products without involving third parties.