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 120

Payments Trends Digital Currency Cross-Border Payments Distributed Ledger Technology (DLT) 120

PYMNTS

MARCH 18, 2020

.” While COVID-19 may jumpstart some conversations about organizations’ abilities to adopt electronic payments and cloud-based financial processes, digitization is not the silver bullet to process inefficiencies, whether it’s during a pandemic or not. Lockbox Data Headaches. Automating Lockbox Data – And Beyond.

Lockbox 80

Lockbox Reconciliation Checks Automation 80

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. In addition, the technology is made to identify duplicate invoices and facilitate purchase order (PO) matching as well as discrepancy detection.

Accounts 53

Accounts AI Duplicate Payment Reconciliation 53

Nanonets

MARCH 29, 2023

This typically involves printing a check or initiating an electronic payment. Payment Reconciliation : After the payment has been processed, the accounts payable department reconciles the payment with the original invoice and verifies that the payment was made in the correct amount.

Accounts 52

Accounts Reconciliation Automation Payment Reconciliation 52

PYMNTS

JANUARY 25, 2019

payments landscape is shifting into higher gear, pressuring corporations to accelerate their processes. As they work to achieve this, more companies are ditching paper-based methods and embracing digital solutions that streamline payments and reconciliations. However, the current payments environment in the U.S.

Real Time Payments 67

Real Time Payments Federal Reserve RTP Fed 67

Core

OCTOBER 4, 2023

Single-click payment portals further improve and simplify the payment experience. Greater Data Security ERP payment systems prioritize regulating and protecting sensitive payment data with compliance and security measures.

Governance 52

Governance Government Payment Reconciliation Payments 52

Fintech Finance

FEBRUARY 7, 2024

Through its innovative platform, Sabre Virtual Payments facilitates a single point of integration between travel agencies, Revolut and various booking tools. It automates payment reconciliation and delivers comprehensive payment data reporting to offer secured and fully integrated end-to-end payment services.

Payment APIs and Integration 52

Payment APIs and Integration Payments Embedded Finance Cross-Border 52

Nanonets

APRIL 18, 2023

Integration capabilities: Your ACH payments should ultimately link back to your invoices , and should be visible to your larger team for approvals and supporting documentation. Your payments data should also link to your vendor management platform. Try it today and experience the benefits of automated payment processing.

ACH 52

ACH ACH Network Payments Best Practices 52

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 Payments Strategy 59

Nanonets

APRIL 22, 2024

For those not interested in managing payments through QuickBooks, don’t fret – QuickBooks offers third-party integrations to sync external payment data from Square, Stripe , and similar payment processors to keep your books aligned and accurate.

Payment APIs and Integration 52

Payment APIs and Integration Payments Credit Cards 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. Without a clear overview of the payment status and history, tracking becomes inefficient.

Payments 52

Payments Reconciliation Automation ACH 52

Stax

JULY 9, 2024

Digital payments incorporate robust security features to protect sensitive information and prevent fraud. Encryption techniques ensure that payment data is transmitted securely between parties, making it difficult for unauthorized individuals to intercept or access sensitive information.

Digital Payments 163

Digital Payments Online and Mobile Banking Contactless Payments Payments 163

PYMNTS

JUNE 29, 2018

But the market’s B2B payments practices present a tougher sell to make the switch from faster, electronic payment technologies, Peters told PYMNTS. That’s because the insurance industry is heavily reliant on payment data, perhaps more so than other verticals.

Faster Payments 40

Faster Payments Same Day ACH ACH Remittance Data 40

EBizCharge

FEBRUARY 17, 2025

This automation can also accelerate transaction approvals and reconciliation, saving time and resources. These solutions automate the processing of ACH payments, reducing the manual effort required to handle bank transfers and ensuring seamless reconciliation within NetSuite.

ACH 59

ACH Credit Cards Transactions Accounts 59

EBizCharge

FEBRUARY 13, 2025

A reliable payment processing solution should include advanced security measures such as tokenization and encryption, which replace credit card data with a secure token to prevent exposure of sensitive information and safeguard payment data during transmission, making it nearly impossible for hackers to intercept or misuse it.

Processors 52

Processors Payment Gateways Duplicate Disputes 52