EBizCharge

MAY 15, 2024

The time it takes for the funds to reach the seller varies depending on the payment method used. Reconciliation: Both parties reconcile their financial records to ensure that the payment matches the invoiced amount. Payment gateways encrypt sensitive payment data, such as credit card details, ensuring secure transmission.

B2B 52

B2B Wire Transfer Payments Payment Gateways 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. Lack of Transparency: As the number of payments grows, maintaining transparency becomes challenging.

Payments 52

Payments Reconciliation Automation ACH 52

Fintech Finance

JANUARY 31, 2024

Finance departments looking to move away from antiquated, expensive payment methods that delay settlement can use Paystand tools to incentivize customers to change financial behaviors including earlier payment. Acumatica users have the option of setting convenience fees, or creating incentives that encourage earlier payment.

B2B 52

B2B Payer Payments Automation 52

PYMNTS

AUGUST 20, 2020

The bank highlighted not only the speed with which companies can make payments, but the data that moves along with transactions via RTP that can be particularly beneficial for businesses’ reconciliation and reporting needs. Faster Payments Council Announces Board Advisory Group. This week, the U.S.

RTP 101

RTP Phixius FPC Payment APIs and Integration 101

PYMNTS

NOVEMBER 10, 2020

Banks must understand that shift in order to uncover the most valuable B2B use cases, he said – and that means not only embracing new payments technology, but also adopting new business models that can address the shifting needs of corporates. A Payments Culture Shift.

Real Time Payments 117

Real Time Payments B2B Value Added Service ISO 20022 117

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 TCH 67

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. “That’s the difficult part.”

Faster Payments 40

Faster Payments Same Day ACH ACH Remittance Data 40

Nanonets

JULY 18, 2023

Bank Reconciliation NetSuite automates bank reconciliation by importing bank statements and automatically matching transactions with corresponding records in the system. This reduces the time and effort required for manual reconciliation and improves the accuracy of financial records. How is Nanonets AP Automation Different?

Automation 52

Automation Reconciliation Audit Correspondent 52

PYMNTS

OCTOBER 26, 2018

For corporates, it’s the remittance detail of a transaction that supports settlement, reconciliation and enhanced data analytics for CFOs and treasurers to gain better insight and visibility into corporate finances. Overall, it’s a tool that reflects the growing importance of payment data when money is moved.

Remittance Data 60

Remittance Data ACH Request for Information RTP 60

PYMNTS

DECEMBER 5, 2019

Among the most pervasive is that wire, ACH and check acceptance are free, whereas cards, and the interchange fees associated with them, are expensive — particularly when accepting those virtual card payments does not come with a corresponding acceleration of when payments are received. Delivering What Was Promised.

Faster Payments 53

Faster Payments Commercial Card ACH Payments 53

Stax

MARCH 14, 2024

Unlike B2C, where most transactions are simply taken at the point of sale using a credit card, debit card, or mobile payments from digital wallets, the types of payments for B2B companies can differ. It’s popular with B2B businesses as it’s a contractual payment method, requiring both parties to complete paperwork.

B2B 88

B2B Process B2C Credit Cards 88

PYMNTS

AUGUST 10, 2016

It’s already happening, said Clayton Moore, CEO and cofounder of NetCents, especially when it comes to ACH payments. “It’ll be more of an instant payment. Right now, they’re taking three to five days in clearing,” he said of ACH payments. ”

ACH 49

ACH Cross-Border Payments Cross-Border Blockchain 49

Nanonets

MARCH 22, 2024

It also automates data validation, reconciliation, and approval with pre-built workflows, making Nanonets an end-to-end AP platform. Here's a table comparing Nanonets and Tipalti: Feature Nanonets Rating Tipalti Rating Invoice capture and data extraction 5 4.5 Automated workflows 4.5 4 Integrations 5 4 Ease of use 5 3.5

Automation 52

Automation Payment APIs and Integration Multi-Currency Compliance 52

PYMNTS

AUGUST 9, 2017

8) that it is rolling out an Integrated Payables application, a cloud-based, bank-agnostic tool that supports electronic payments in AP. The platform supports virtual accounts, ACH, network settlements, EFT and check payments and aims to boost transparency and control over supplier payments. The firm said Tuesday (Aug.

ACH Network 43

ACH Network B2B Reconciliation Volume 43

PYMNTS

MAY 6, 2019

Borrowers typically would have to wait for funds to be delivered by automated clearing house (ACH) transactions or paper checks, which could take a week to arrive. . Employers also see value in push payments. Push payments’ simplicity can also streamline reconciliation in B2B situations.

Push-to-Card 44

Push-to-Card Risk Debit Card B2C 44

PYMNTS

DECEMBER 4, 2017

Leavitt, founder and CEO of Boost, told PYMNTS the firm is out to set (and be) the standard for B2B payments, encouraging the migration away from outdated methods like paper checks , wires and traditional ACH transfers. Automation also proves attractive against a backdrop of manual transaction processing and reconciliation.

B2B 40

B2B ACH Credit Cards Payments 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

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

EBizCharge

JULY 15, 2024

EBizCharge integrates seamlessly with various accounting and ERP software, automatically posting payments to corresponding invoices, thus simplifying reconciliation. This platform also offers multiple payment methods, such as credit cards and ACH transactions, making it easier for businesses to collect arrears payments.

Disputes 52

Disputes Payer Legal Service Provider 52

Nanonets

OCTOBER 17, 2023

• Seamless Integration with Accounting Software: Automation solutions can seamlessly integrate with popular accounting software systems, such as QuickBooks Online, for efficient payment management. This eliminates manual intervention and the need for multiple systems, streamlining the process and minimizing delays. 

Payments 52

Payments Automation Wire Transfer Process 52

Stax

FEBRUARY 28, 2024

Accounting and bank reconciliation. This automatic synchronization eliminates manual data entry, establishes consistent tax rules across platforms, and streamlines bank reconciliation of invoices and payments. Here’s a brief guide to achieving seamless integration.

Payment APIs and Integration 88

Payment APIs and Integration Automation PCI DSS Fraud Prevention 88

PYMNTS

FEBRUARY 12, 2019

ACH Alert, which provides financial institutions with electronic payments fraud detection technologies, is enhancing its automation capabilities with the integration of Payment Data Xchange (PDX) into its Fraud Prevention HQ platform. In an announcement Monday (Feb. In an announcement Monday (Feb.

ACH 46

ACH NOCs Transactions Enrollments 46

PYMNTS

JUNE 24, 2016

“We believe our solution can actually save our associations a lot of time, because all the payments and the reconciliation more or less just happens automatically. The Payment Data Difference. A lot less manual processing that they have to go through,” he added.

Payments 40

Payments Alternative Payment Methods Electronic Payment Processing Payment Gateways 40

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. Now you’re ready to receive payments!

Payment APIs and Integration 52

Payment APIs and Integration Payments Credit Cards Reconciliation 52

Nanonets

SEPTEMBER 21, 2023

The payer may also send an electronic message to confirm receipt of the payment confirmation. Payment: The payer's system initiates the actual payment using their chosen payment method (e.g. ACH, wire transfer). The payment is made based on the information included in the payment confirmation.

Payment Solutions 52

Payment Solutions Payee Payments Payer 52

PYMNTS

JANUARY 10, 2019

. “The beauty of the virtual card is that it’s the only payment modality today that solves the four biggest challenges in [the] payment process: speed, good funds, reconciliation [and] fraud risk,” explained Blair Jeffery, chief operating officer at payments processing company Noventis.

Reconciliation 61

Reconciliation B2B ACH Addressing 61

PYMNTS

DECEMBER 30, 2020

The B2B payments ecosystem experienced a sudden and dramatic acceleration of change upon the onset of the global pandemic, and its impacts reach far beyond the mere digitization of the B2B transaction. On the buyer side, adoption of electronic payments that can automate repeat transactions and aggregate payment data will be key.

B2B 119

B2B Payer Payments BNPL 119

PYMNTS

OCTOBER 31, 2017

As more businesses ditch the check in favor of electronic payments — which, for paying businesses, are often cheaper, more efficient and more secure than paper checks — this hurdle is growing increasingly tall for suppliers’ accounts receivable (AR) departments.

Treasury Management 41

Treasury Management Treasury Remote Deposit Capture Disputes 41

EBizCharge

MAY 20, 2024

This flexibility helps attract a broader market that prefers a diverse range of payment methods. Industry-compliant security Since security is paramount, the NetSuite platform adheres to strict industry PCI compliance standards to ensure payment data is securely processed and stored.

Process 52

Process PCI DSS Processors Payment APIs and Integration 52

PYMNTS

FEBRUARY 7, 2020

According to Eran Haggiag, co-founder and executive chairman of blockchain startup Clear , the challenges associated with inefficient high-value, cross-border B2B transactions can cost conglomerates hundreds of billions of dollars — and current payment infrastructure is not equipped to address this burden.

Volume 40

Volume B2B Cross-Border On-Demand 40