EBizCharge

DECEMBER 18, 2024

4 primary purposes of a clearinghouse Understanding the primary functions and purposes of a financial clearinghouse is crucial since these institutions ensure transactions are safe and efficient, reducing the risks associated with exchanging money or information. The following section will explore how they maintain this.

Facilitators

The Fintech Times

MARCH 31, 2024

SurePay , the IBAN-name check provider, confirmation of payee (CoP) and verification of payee (VoP) to over 100 banks, has expanded its services following a strategic agreement with Swift , the messaging network, and the integration of Swift’s payment pre-validation service.

Payee

PYMNTS

MARCH 13, 2017

“Businesses have a lot of confidence in all of the information and all of the processes that may or may not be there with some newer [payment] methods,” he recently told PYMNTS, citing the “relative” speed with which payees can receive their funds, as well as the lack of interchange fee associated with accepting a check.

RDC

PYMNTS

JANUARY 28, 2021

This week's look at the convergence between accounts receivable (AR) and accounts payable (AP) finds this tactic expanding in the corporate card arena, while another FinTech aims to boost cross-border payment traceability for both payer and payee. Tat Capital Eases Card Acceptance For Vendors.

Innovation

PYMNTS

MARCH 29, 2018

Chanda explained Paymerang’s role is to handle that extra work for clients, including risk mitigation and data digitization. ACH payments are subject to NACHA rules and require you to store bank information for payees,” he said.

Checks