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Being Accountable: Virtual Cards Encourage Spend, Eliminate Hidden AP Costs

PYMNTS

In a typical funds transfer, payments are irrevocable, and compromised purchasing cards can represent a huge area of exposure for a corporate buyer. “As fraud becomes more advanced and data breaches are more and more commonplace, unfortunately commercial payments are no less immune,” said Reid. Removing Cross-Border Friction.

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Deep Dive: Billing And The Use Of Real-Time Payments

PYMNTS

When The Clearing House (TCH) unveiled the Real-Time Payments (RTP) system in 2017, it propelled swifter payments and brought about the next generation of fund transfers. RTP has showcased its ability to help customers pay providers for received services, but such systems offer more than immediate, final and irrevocable transactions.

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ACH vs. Wire Transfers: Which Is Right for You?

Nanonets

First, let's delve into the mechanics of ACH and Wire transfers, followed by an exploration of their distinctions, guidance tailored for small businesses, and concluding with instructions on establishing ACH and Wire processes. ACH and Wire are both Electronic Fund Transfer methods. What is ACH?

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Fighting Scams and Authorized Push Payment Fraud in the US

FICO

Lawmakers and regulators are concerned about whether FIs should be liable for scam losses, particularly under a piece of legislation known as Regulation E which relates to Electronic Fund Transfers. The law today holds that consumers are not liable for “unauthorized” electronic funds transfers.

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The Complicated — And Increasingly Crowded — Payments Battle In China

PYMNTS

Their upgrade of the standard convinced regulators to lift the ban in 2016, but UnionPay had invested similarly in QR code upgrades and found itself almost irrevocably behind when the ban was lifted. By then, the fight was between Ant Financial and Tencent to capture the mobile QR code payments flag.