article thumbnail

One Inc Launches Advanced 835 Remittance Solution, Enhancing Provider Payment Efficiency in Workers’ Compensation and Beyond

Fintech Finance

One Inc , the leading digital payments network for the insurance industry, today announced the launch of its advanced 835 Electronic Remittance Advice (ERA) solution, fully integrated into the ClaimsPay ® platform. healthcare system, driven by fewer errors, faster processing times, and streamlined administrative tasks.

article thumbnail

Billtrust Teams Up With Visa to Extend Business Payments Network (BPN) Collaboration

Fintech Finance

Visa will continue to offer BPN access to its financial institution clients to streamline the B2B digital payments process for their corporate customers. Suppliers benefit from eliminating manual virtual card processing and optimized acceptance costs, while buyers can transact using their preferred payment method.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What New Payment Rails Miss About Solving B2B’s Remittance Challenge

PYMNTS

New technology solutions are stepping onto the market to help automate accounts receivable, accounts payable and the act of supplier payments, as well as other processes surrounding these fields, like trade finance, cash flow management and accounting. There’s nothing more valuable than remittance data.

article thumbnail

Global Data Reporting Pioneer Kani Payments Gets Ready for ISO 20022

Fintech Finance

It replaces ISO 15022, which has been in place since 1992 and was designed to overcome interoperability and integration challenges between different clearing systems, improving the transparency and speed of transaction data in payments messages.

ISO 20022 105
article thumbnail

Digital Payments Easing Pains For Hurting Medical And Dental Practices

PYMNTS

There is a fundamental need to link complex remittance data — explanation of payment — with the payments being made.”. Schoen expects more insurers to integrate artificial intelligence (AI) into billing solutions for rapid processing of important claims documentation. Curing What Ails Healthcare Payments.

article thumbnail

Mastercard and the Medical Tourism Association Join Forces to Revolutionize Cross-Border Healthcare Payments

Fintech Finance

Insights from a recent Medical Tourism Patient Survey reveal that over half of patients globally expressed concerns over international payments[1] due to hidden costs, exchange rate complexities and greater fraud risk, demonstrating a clear need to improve the payment process. “As

article thumbnail

B2B Payments Drive Instant Payments, Crypto Innovation

PYMNTS

“The research identifies that instant payments adoption can be particularly transformative in B2B payments, where value-added capabilities, including automation and additional remittance data enabled by ISO 20022 can be valuable in tackling complex accounts payable processes,” and announcement stated.