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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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Modern payments, outdated systems: Why growth and uncertainty demand agility

The Payments Association

The payments industry is undergoing a profound transformation. With the rise of digital assets, real-time payment methods, and evolving regulations, the pace of change has never been faster. Transaction volumes are surging, payment methods are diversifying, and businesses are under pressure to adapt.

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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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Modernizing Government Payment Systems for Efficiency and Trust

Clearly Payments

Challenges in Government Payment Processing Government agencies manage a diverse range of payment types, including tax payments, permit fees, licensing, utility bills, and fines. Improved Citizen Satisfaction: Offering multiple payment methods and user-friendly platforms ensures convenience and accessibility for all citizens.

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NetSuite Payment Plugins vs. Native Integrations: Making the Right Choice

EBizCharge

Because NetSuite payment plugins are not deeply embedded into the ERP, data often syncs in batches or with delays. That can mean missed updates, reconciliation issues, or manual cleanup. Everything from credit card processing to payment reconciliation happens within the same platform. But they come with trade-offs.

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How to Integrate a Payment Gateway into Acumatica

EBizCharge

Automation: An integrated payment gateway automates accounts receivable tasks, decreasing manual entry and the likelihood of errors as well as freeing up valuable time for other crucial tasks. These integrations also offer competitive transaction fees, making it a cost-effective choice for businesses handling high-volume transactions.

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AI Becomes the Banker: 21 Case Studies Transforming Digital Banking CX

Finextra

On the customer side, AI assistants can handle 20 million chats around the clock—driving record engagement and a 150 percent jump in satisfaction scores even as call-center volumes fall by half. By 2024, Capital One reported that Eno reduced call center contact volumes by 50%, according to a case study by Redress Compliance.

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