Fintech Finance

FEBRUARY 22, 2024

New research commissioned by AutoRek , a leading software provider to companies in the global financial services sector, has revealed the most current problems facing payments firms today, as well as their perceptions on regulation, compliance, and payments reconciliation.

Reconciliation 52

Reconciliation Payment Reconciliation Compliance Payments 52

The Paypers

FEBRUARY 28, 2023

UK-based payment orchestration platform Corefy has announced the roll out of the Payment Reconciliation centre.

Reconciliation 36

Reconciliation Payment Reconciliation Transactions Payments 36

Nanonets

NOVEMBER 20, 2023

Global Payment Reconciliation: Some automation solutions offer real-time automated global payment reconciliation, supporting multiple payment methods and currencies. Nanonets effortlessly syncs with ERP or accounting software, providing real-time accuracy and eliminating the need for manual reconciliation.

Payment Reconciliation 52

Payment Reconciliation Automation Reconciliation Verification 52

PYMNTS

DECEMBER 16, 2020

“The supply side businesses benefit from timely payments of invoices which would significantly help to improve their cash-flows and to get access to innovative features, including a dashboard for analytical reporting, which help in seamless payment reconciliation.”.

Commercial Card 92

Commercial Card Visa Reconciliation B2B 92

Nanonets

APRIL 6, 2023

Finance Automating finance-related workflows, such as invoice processing and payment reconciliation, can reduce manual data entry, improve accuracy, and reduce processing times. Nanonets can be used to automate invoice processing and payment reconciliation.

Automation 52

Automation Payment APIs and Integration Payment Reconciliation Reconciliation 52

PYMNTS

JULY 8, 2020

Steve Robert , co-founder and CEO of Autobooks, said it would now be easy for SMBs to “enroll and receive online payments in minutes, saving hours each month through our automated payment reconciliation and accounting functionality,” according to the release.

B2B 64

B2B Payment Reconciliation Enrollments Reconciliation 64

The Paypers

JANUARY 8, 2019

(The Paypers) SafeCharge has announced an extension of its partnership with Gett to streamline payment reconciliation processes across all its payment partners globally.

Payment Reconciliation 28

Payment Reconciliation Reconciliation Process Payments 28

Nanonets

MARCH 29, 2023

Payment Processing : Once payment has been authorized, the accounts payable department processes the payment. This typically involves printing a check or initiating an electronic payment. For example, Nanonets can analyze payment data and identify invoices that have not been paid or that have been overpaid.

Accounts 52

Accounts Reconciliation Automation Payment Reconciliation 52

PYMNTS

FEBRUARY 11, 2020

Interac eTransfer: Bulk Request Money offers payment reminders that can be facilitated using the payor’s email address or phone number. Payors can submit payment using Interac eTransfer and transfer funds using their online banking channel.

Automation 57

Automation Reconciliation Fraud Detection Payment Reconciliation 57

Fintech Finance

FEBRUARY 21, 2024

The post Global Data Reporting Pioneer Kani Payments Partners with Pismo appeared first on Fintech Finance.

Reconciliation 52

Reconciliation Issuers Payments Compliance 52

Nanonets

APRIL 10, 2023

Automate invoice approvals, invoice review, invoice payment reconciliation , and invoice payments with automated workflows. Upload invoices from email, desktop, drive, or any other source automatically. Automatically update financial records in the balance sheet, general ledger, PnL, and more.

Automation 52

Automation Payment Reconciliation Financial Analysis Reconciliation 52

PYMNTS

MARCH 31, 2020

This intelligence helps improve future routing accuracy, streamlines payment reconciliation processes, and maintains data hygiene in the ERP,” the release stated. The technology works in the background to provide correct approval routing and general ledger (GL) coding at the bill as well as bill line level.

AI 53

AI Accounts Duplicate Payment Reconciliation 53

PYMNTS

MARCH 2, 2020

It reduces manual processes while increasing payment reconciliation timelines. . Founded in 2015, Redeam describes itself as the only worldwide technology firm that has an agnostic channel manager linking supply and demand for the travel experiences sector. It strives to advance ticket sales while offering a seamless check-in process.

Payment Reconciliation 52

Payment Reconciliation Reconciliation On-Demand Checks 52

PYMNTS

JUNE 10, 2020

The new partnership will combine “global open banking initiatives, Samsung SDS’ Nexledger Universal platform and Credorax’s industry expertise” in order to provide automatic payment reconciliation, remittances and invoices for B2B payments.

Blockchain 53

Blockchain Payment APIs and Integration Reconciliation Cross-Border 53

PYMNTS

DECEMBER 15, 2020

On top of these industry-specific challenges, the legal cannabis space faces the traditional hurdles associated with B2B payments: friction in invoice processing and payment reconciliation, cash flow management challenges, and the disconnect between when buyers want to pay and sellers want to get paid.

Legal 111

Legal B2B Underwriting Payment Reconciliation 111

PYMNTS

MARCH 27, 2019

“By streamlining supplier onboarding, tax compliance, invoice processing, global payments and payment reconciliation, Tipalti helps modern finance organizations strategically scale more rapidly and efficiently.”

B2B 46

B2B Reconciliation Payment Reconciliation Automation 46

PYMNTS

OCTOBER 1, 2020

Deeper software integration is important because, explained Petrzela, “it can significantly streamline workflows and turn what can be manual, labor-intensive process into a fully automated, electronic process, from calculating a bill and issuing an invoice all the way to receipt of payment.”.

Embedded Payments 56

Embedded Payments B2B Payments Legal 56

Nanonets

APRIL 18, 2023

Conclusion Automated ACH payments offer several benefits to both SMBs and vendors, but managing payments along with Accounts Payable can be a challenging task for businesses. Fortunately, Nanonets offers a solution for automated ACH payments that can help customers save time and money.

ACH 52

ACH ACH Network Payments Automation 52

PYMNTS

JUNE 16, 2020

In healthcare, the data needed for payments reconciliation rests within a patient accounting system, which in turn sits inside an electronic health record.

Checks 67

Checks Payments Payment Reconciliation Reconciliation 67

PYMNTS

APRIL 13, 2018

We’re excited to work with Sage to improve payments experiences and simplify payment reconciliation for their customers, all the while reducing payout times for many suppliers.”. Stripe develops tools and features that make running and growing an internet business easier.

Payment Reconciliation 41

Payment Reconciliation Payments Debit Card Faster Payments 41

Fintech News

JANUARY 30, 2024

One of the key functions of AI in this domain is its ability to match incoming payments with outstanding invoices, thereby automating payment reconciliation and significantly reducing manual efforts. AI also plays a crucial role in identifying potential payment delays, such as disputes, and facilitates proactive resolution.

Payments Trends 106

Payments Trends Digital Currency Cross-Border Payments Instant Payments 106

PYMNTS

JULY 22, 2020

Standardization of payments messaging and enriched data, along with the immediacy of funds, has enabled real-time payments infrastructure to introduce greater value to organizations in areas like financial crime prevention and payment reconciliation. ” Driving Ubiquity.

Real Time Payments 90

Real Time Payments FedNow Payments Faster Payments 90

PYMNTS

AUGUST 2, 2017

Xero noted there is an easy setup process which means small businesses can quickly begin accepting card payments for online invoices. We continue to develop tools and features that make starting and scaling an internet business easier, and we’re excited to work with Xero to simplify payment reconciliation for our users.”.

Reconciliation 40

Reconciliation Small Business Automation Payment Reconciliation 40

PYMNTS

JULY 16, 2020

. “By integrating the payments and eCommerce with the ERP, it’s going to allow businesses to effectively drive online revenues as well as improve payment processing and time of payment,” said George, adding that Aptean supports real-time invoice and payments reconciliation as a result of that ERP connectivity.

B2B 59

B2B B2C Checks Payment Reconciliation 59

PYMNTS

JANUARY 29, 2020

Offering solutions that promote workflow automation from sourcing through to payment, reconciliation and accounting is not usually part of an FI’s product roadmap. When it comes to helping corporates manage their supply chains, traditional banks tend to focus on the financing aspect via trade finance, factoring or other such products.

P2P 52

P2P Lockbox Payment Reconciliation Value Added Service 52

PYMNTS

MARCH 8, 2018

Travel companies and several international banks are turning to blockchain to enhance their cross-border payment capabilities and improve receivable transactions. In Australia, a hospitality company is putting blockchain solutions to work on payment reconciliation.

Cross-Border 43

Cross-Border Cross-Border Payments Blockchain Payment Reconciliation 43

PYMNTS

JANUARY 30, 2020

Suppliers stand to benefit from education around how virtual card adoption will enable faster payment receipt, improve cash flows, and reduce time and money spent on chasing after late or missing funds. The shift to virtual cards is critical to the digital payment innovations sweeping the B2B space.

B2B 71

B2B Credit Cards Payments Settlement 71

PYMNTS

SEPTEMBER 21, 2018

In the Global Payments Architecture Report, PYMNTS explores how receivables platforms have the potential to ease frictions and reconcile payments in healthcare, supply chain operations and the international education market. Lessons In Tuition Payment Reconciliation.

Cross-Border 46

Cross-Border Cross-Border Payments Enrollments Non-Bank 46

Nanonets

NOVEMBER 14, 2023

Global Payments : AP automation solutions facilitate seamless global payments, managing different currencies and compliance with international payment regulations. Payments Reconciliation : Automated systems reconcile payments with bank statements, ensuring all transactions are accurately recorded and accounted for.

Accounts 52

Accounts Automation Compliance Fraud Prevention 52

PYMNTS

OCTOBER 17, 2017

Together, the companies will enable streamlined payment reconciliation, facilitated by automated virtual card (v-card) payments in a solution built for financial institutions and their corporate clients. In an announcement on Tuesday (Oct.

Automation 47

Automation Reconciliation Payee Card Issuer 47

Nanonets

APRIL 16, 2023

Reconciliation At the end of the invoice payment process, a business needs to record what happened. AP automation software offers instant payment reconciliation that speeds up financial close. All payment remittance advice is rolled up into one clear report. No more stitching together spreadsheets or reports.

Automation 52

Automation AI Accounts Reconciliation 52

Nanonets

SEPTEMBER 29, 2023

Data Discrepancies: You might encounter discrepancies between payment records, invoices, and receipts. These discrepancies can lead to confusion and hinder accurate payment reconciliation.

Payments 52

Payments Reconciliation Automation ACH 52

PYMNTS

JUNE 29, 2018

For this reason, virtual cards are a rising star in B2B insurance payments, according to Peters. ” In verticals like healthcare, claim data can be dozens of pages long and, at present, the market struggles with transmitting that information efficiently whenever payments are made.

Faster Payments 40

Faster Payments Same Day ACH ACH Remittance Data 40

Nanonets

MARCH 21, 2023

Their platform automates the entire accounts payable process, including invoice processing and payment reconciliation. Their platform automates the entire accounts payable process, including invoice processing and payment reconciliation.

Automation 52

Automation Process Payment Gateways Addressing 52

PYMNTS

FEBRUARY 8, 2018

“Making payments in RMB more digitized and [making] RMB cross-border payments faster, trackable and transparent in terms of fees will definitely support RMB internationalization.”.

B2B 44

B2B Cross-Border Payments Cross-Border Innovation 44

Nanonets

DECEMBER 25, 2023

Here's how you can do that: Automate Repetitive Tasks : Use the integration to automate repetitive financial tasks like invoice creation, payment reconciliation, and expense categorization. This will save time and reduce the risk of human error.

Finance 52

Finance Payment APIs and Integration Best Practices Automation 52

Nanonets

SEPTEMBER 28, 2023

And the benefits are not limited to cost savings, accuracy, and efficiency — B2B payment automation can also improve supplier relationships, ensure compliance, avoid fines and penalties, and provide critical insights into cash flow and financial health.

B2B 52

B2B Wire Transfer ACH Wire 52