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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.
Blink Payment , a UK paytech platform that offers businesses seamless digital payment solutions, today announces its entry into B2B fashion payments through integration with ERP Zedonk , in a move that will enable more than 1,000 leading fashion brands and showrooms to streamline their buyer payments.
Automated reconciliation and financial controls company AutoRek recently unveiled its AutoRek Mion platform. AutoRek Mion provides data management and reconciliation capabilities for cryptocurrency and digital asset operations at a time when adoption of these assets is growing rapidly. Chris Livesey is CEO.
The Payments Pulse is a multipart report covering the most impactful macro trends, innovations and regulatory shifts shaping the future of cross-border payments today. policy changes mean for cross-border payments and your business. Stay tuned for the third and final instalment of The Payments Pulse, released in September 2025.
What Is Bank Reconciliation? Bank reconciliation is a process companies use to ensure that their recorded cash balances align with the actual cash held in their bank accounts. Nevertheless, banks still manage most business accounts, and the same reconciliation procedures can be applied to these other cash positions.
The payments landscape is evolving with digital assets, real-time transactions, and new regulationsbusinesses must adapt to stay efficient and compliant. The payments industry is undergoing a profound transformation. Transaction volumes are surging, payment methods are diversifying, and businesses are under pressure to adapt.
Modern payment orchestration platforms now serve as strategic infrastructureoptimising performance, compliance, and customer experience at scale. Traditionally, payment orchestration platforms were designed to serve a straightforward function: routing transactions between merchants and various payment service providers (PSPs).
To tackle this issue, Edenred Payment Solutions has launched a new Virtual Card Number (VCN) product designed to help make claims payouts faster and easier for policyholders. Reimbursements can take weeks, but withEdenred Payment Solutions’ VCN product, this wait time can be cut down.
Payments may seem like a back-office function, but for enterprises, they can quietly eat into margins, frustrate customers, and bog down operations. Whether you’re dealing with complex billing models, global expansion, legacy systems, or escalating processing fees, payment challenges grow with scale.
As your business grows, the tools powering it need to evolve tooand that includes your payment solution. In this blog, well unpack what scalability really looks like in a payment solution and how to choose one that wont hold you backwhether you’re just beginning to start accepting payments or scaling to new markets.
Decoding the FCA's safeguarding reforms: Practical steps for payments and E-money firms January 3 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The FCA’s proposed safeguarding reforms for payments and e-money firms, aiming to enhance consumer protection and operational compliance.
Marketed as sales of future receivables rather than traditional loans, these agreements allow funders to withdraw fixed daily or weekly payments directly from a business’s bank account until a predefined “purchase amount” has been satisfied. A payment schedule that resembles a loan, without the regulatory obligations.
NMI , a global leader in embedded payments infrastructure, announces Bill Connect, a new extension for use with the NMI Payment Gateway, powered by Biller Genie. By embedding payment functionality directly into widely used accounting software such as QuickBooks, Bill Connect eliminates the need for costly and complex ERP-based systems.
This offering empowers software providers to embed highly secure, scalable payment experiences directly within their platforms. With global scale, deep payments expertise, and personalized relationship management, Worldpay helps thousands of SaaS providers deliver great experiences and accelerate their growth.
Top-ups is another step towards our mission of empowering everyone to build financially rewarding lives, and this collaboration is a testament to our shared vision of innovation in payments. The post Yonder Partners With Griffin to Launch Top-Ups and Simplify PaymentsReconciliation appeared first on FF News | Fintech Finance.
Singapore and Hong Kong-licensed payment institution FOMO Pay has launched local Vietnamese Dong (VND) virtual accounts. The service enables merchants, corporates, and institutions to send and receive VND within Vietnam using locally issued virtual accounts under their own names via the countrys local payment infrastructure.
UK-based, multinational insurance company Aviva has teamed up with automated reconciliations solution provider AutoRek. Aviva will deploy AutoRek’s platform to provide a fully audited, rules-based reconciliation process that reduces the risks associated with manual processing. The company is headquartered in Glasgow, Scotland.
Bank payment company GoCardless has announced a partnership with Total Grassroots and kit manufacturer Kelme to simplify payment collection for grassroots football clubs and kit out their team. From now until summer 2025, football clubs that sign up to and collect payments with GoCardless will receive a £300 Kelme gift card*.
Global payments company Thunes has introduced ‘Thunes Business Payments’ , a new service aimed at helping enterprises, merchants, banks, and mobile wallet providers streamline international business transactions. The launch is targeted at members of Thunes’ Direct Global Network.
SAP Fioneer , a leading global provider of financial services software, today announced a significant advancement in its Virtual Account Management (VAM) solution, unveiling plans for AI-driven enhancements that will redefine the future of banking payments.
BlueSnap , a global end-to-end payment platform with unique payment orchestration capabilities for leading B2B and B2C businesses, today announced that it is a preferred payment partner for Zuora, Inc. ” The post BlueSnap Named a Preferred Payments Partner for Zuora appeared first on FF News | Fintech Finance.
The move comes as the India-headquartered payments technology firm looks to support growing demand for its infrastructure services from enterprise clients in the region. The company also announced a regional partnership with digital travel platform Agoda, which has adopted Juspays full-stack orchestration and reconciliation services.
FV Bank, a US-licensed digital bank serving small and medium-sized enterprises, has launched a new Virtual Account feature to tackle a major operational challenge in global payments: attributing high volumes of incoming transactions quickly and accurately.
From a Press Release dated June 30, 2025, San Jose, California BILL, a financial operations platform for small and midsize businesses (SMBs), recently announced the launch of BILL Supplier Payments Plus. Enhanced reporting: Suppliers can access custom reports and benefit from improved payment tracking and reconciliation.
Silverflow , the new standard in payment processing , has partnered with Deutsche Bank to launch a new cloud-native payments platform across Europe. The post Deutsche Bank Partners with Silverflow to Redefine Card Acquiring and Digital Payments in Europe appeared first on FF News | Fintech Finance.
Global payment processor for Latin America, PayRetailers , has expanded its payment solution, in line with its international ambitions, following the acquisition of the next-generation orchestration platform headquartered in Amsterdam, Celeris. We always wanted to make online payments more secure, highly scalable, and user-friendly.
NatWest has partnered with Capco , the global management and technology consultancy, to ensure a smooth transition for its systems and clients as the financial industry moves to adopt ISO 20022 for payments and reporting. These include an Intelligent Router, a Payments Orchestration Layer, and a Data sync layer.”
Boost Payment Solutions , a global leader in B2B payments, today announced a partnership with international payment pioneer TransferMate that is designed to address the growing demand for cross-border payments. based BINs to expand the reach of those programs into cross-border payments.
RT2: Renewed real-time gross settlement marks transformation for UK payment providers 9 June 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? RT2, the UK’s new Real Time Gross Settlement service, and its transformative impact on the payments ecosystem. Why is it important?
Blink Payment , a UK paytech platform offering digital payment solutions to businesses, plans to enter B2B fashion payments through integration with Zedonk , an Enterprise Resource Planning (ERP) software provider, to help over 1,000 fashion brands and showrooms streamline their payment processes.
FXC Intelligence, a data platform specializing in the cross-border payment and e-commerce sectors, has released its annual Cross-Border Payments 100 list, highlighting the 100 most influential players in global payments. Released on May 08, the 2025 Cross-Border Payments 100 recognizes industry leaders across the sector.
Nomupay’s unified payment platform streamlines payment processes—including acquiring, treasury, and payouts—for businesses operating in fragmented, emerging markets. SBPS will benefit from access to Nomupay’s single API and gateway-agnostic, single, back office platform, offering a range of payment options and scalability.
Medius , a leading provider of Accounts Payable (AP) automation and spend management solutions, has announced the launch of Medius Payments, an embedded payment solution that enables finance teams to securely approve and execute payments, all within one unified accounts payable platform.
In today’s digital landscape, customers expect payment to be quick, seamless, and easy. Whether you’re running a SaaS company, a wholesale distribution business, or a growing eCommerce brand, a clunky payment experience can create friction and lost revenue. Offer Multiple Payment Options: Customers expect choice.
Katanox has secured authorisation from the Financial Conduct Authority (FCA) to offer payment services in the UK. The Katanox Platform streamlines processes and drives growth in the travel industry by consolidating payments, reconciliation, direct contracting, connectivity, and rate integration into a single platform.
Building loyalty as a business means meeting your customers where they are, especially where payment options are concerned. Thanks to smartphones and secure authentication, mobile payments continue to explode in usage. Mobile payment systems are revolutionizing how consumers pay for goods and services.
Merchants today face increasing complexity in managing payments across multiple channels. This partnership seeks to give businesses the flexibility to: Unify their payments Manage in-person and digital transactions seamlessly. Dan Beardall, Head of Partner Strategy, IXOPAY.
Government agencies face mounting pressure to provide efficient, secure, and accessible payment options for their services, agencies, and constituents. The shift from traditional payment methods to modern digital solutions is no longer optional; it is essential for delivering public services effectively and meeting citizen expectations.
Kani Payments , the disruptive global data reconciliation and reporting pioneer, today announces it is ready to support the ISO 20022 global messaging standard ahead of the November 2025 implementation date.
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Orchestr global payments platform is now live, and it will change how merchants do business across borders. Orchestr makes it easier and more efficient for businesses to do business around the world by streamlining and combining payment flows. We started Orchestr because we’ve been in the merchant’s shoes.
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