Remove Facilitators Remove Reconciliation Remove Remittance Data
article thumbnail

One Inc Launches Advanced 835 Remittance Solution, Enhancing Provider Payment Efficiency in Workers’ Compensation and Beyond

Fintech Finance

The enhanced ERA functionality within ClaimsPay enables insurers to effortlessly generate and distribute standardized 835 remittance files directly to hundreds of thousands of providers’ Revenue Cycle Management (RCM) systems.

article thumbnail

Real Time Heats Up In B2B, While Blockchain Gains Traction

PYMNTS

That includes advancements in Canada's upcoming Real-Time Rail, as well as adoption by Transcard of Mastercard's Track Business Payment Service to facilitate real-time, account-to-account transfers for businesses. One blockchain company that is wielding the technology to facilitate the movement of funds is BitPay.

B2B 104
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Mastercard and the Medical Tourism Association Join Forces to Revolutionize Cross-Border Healthcare Payments

Fintech Finance

The Medical Tourism Association will utilize Mastercard’s commercial virtual card technology to go beyond arranging treatments to also facilitating fast and secure payments with healthcare providers. These include increased security, robust controls, and real-time remittance data for more efficient reconciliation.

article thumbnail

Accounts Receivable Innovations Ease AP Pain

PYMNTS

Fintainium Eyes Remittance For AR, AP. One of the biggest challenges in B2B payments today for both buyer and supplier is the need for transaction data for remittance, reconciliation and accounting. There’s nothing more valuable than remittance data. This is what businesses are asking for.

article thumbnail

Moving Data With Money The Key To Faster KYC: identitii

PYMNTS

For corporates, it’s the remittance detail of a transaction that supports settlement, reconciliation and enhanced data analytics for CFOs and treasurers to gain better insight and visibility into corporate finances. In corporate banking and payments, the challenges that arise can be vast.

article thumbnail

What Is Remittance Advice? Definition, Examples, and Tips to Enhance for Your Company

EBizCharge

Remittance advice is critical in financial management for any AR team. Its importance is grounded in several crucial functions: it ensures that payments are accounted for correctly, simplifies the reconciliation process, and helps maintain a precise and updated receivable balance in the company’s ledger.

Payer 52
article thumbnail

In Payments Automation, Don’t Forget Accounts Receivable

PYMNTS

. “The root of these inefficiencies is that businesses rely on paper for most of their orders and invoicing, and they receive customer remittance data in inconvenient formats, such as paper, email or fax, that must be rekeyed for reconciliation,” IOFM explained.