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What is Reconciliation in Payments

Clearly Payments

In payments and finance, one of the most important activities that businesses perform is reconciliation. While it may sound like a complex term, reconciliation is simply the process of making sure that two sets of financial records match. What is Reconciliation? At its core, reconciliation is a comparison process.

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Ageras Announces Full Acquisition of Payment Reconciliation Software Company, Storebuddy

Fintech Finance

The post Ageras Announces Full Acquisition of Payment Reconciliation Software Company, Storebuddy appeared first on FF News | Fintech Finance.

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Blink Payment Enters B2B Fashion Payments with Zedonk Partnership

Fintech Finance

Traditionally, brands have lacked the payment infrastructure that enables retailers to settle invoices via methods other than bank transfer – which can be expensive, slow and lead to late payments. Payment links are hugely popular in our integrations in other sectors, offering a faster, more secure and more streamlined option.

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Navigating AML obligations in the age of virtual IBANs

The Payments Association

Payment Service Providers must strengthen due diligence, monitoring, and collaboration with regulators to address these risks. Virtual IBANs (vIBANs) have become a key component of modern payment systems, enhancing payment reconciliation and facilitating cross-border transactions.

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Blink Payment Joins Forces With Zedonk to Model Payments Link Within Invoices

The Fintech Times

Blink Payment plans to offer support to brands, serviced by Zedonk, that lack the payment infrastructure enabling them to settle invoices via methods other than bank transfer – which can be slow and expensive.

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Modernizing Government Payment Systems for Efficiency and Trust

Clearly Payments

The Case for Modernizing Payment Systems Modernizing payment processing systems can unlock a host of benefits for government agencies: Enhanced Efficiency: Automated processes reduce manual errors, speed up payment reconciliation, and lower operational costs.

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Katanox Secures FCA Authorization to Offer Payment Services in the UK

Fintech Finance

The Katanox Platform streamlines processes and drives growth in the travel industry by consolidating payments, reconciliation, direct contracting, connectivity, and rate integration into a single platform. On average, five employees support reconciliation, with each spending approximately 7 hours per week on this task.