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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.

IBAN 88
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AutoRek Announces Strategic Collaboration With Capgemini to Help Drive Its Ambitious Growth in Financial Services

Fintech Finance

AutoRek and Capgemini have signed a new agreement that will see Capgemini become AutoRek’s first strategic professional services and technology partner. Through this agreement, Capgemini will mobilize its team of experts on AutoRek’s reconciliation solution and guide AutoRek’s clients with day-to-day support of implementations.

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The Ultimate Guide to Salesforce Payments

EBizCharge

In addition to understanding the integration process, its important to understand best practices for managing Salesforce payments to ensure seamless payment operations. Routine payment reconciliation Regular reconciliation ensures that the data in Salesforce matches whats recorded in your payment gateway and accounting systems.

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Stripe Reconciliation: The Complete Guide

Nanonets

Analyze charts for reconciliation status and aging summaries to track fund disbursement and adherence to service level agreements (SLAs).     Consistent Reconciliation : Routine payment reconciliation ensures a regular cadence.

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Credit Card Reconciliation: What It is and How to Do It?

Nanonets

Final Thoughts Reconciliation is the process of ensuring that two sets of records are in agreement. The most common type of reconciliation is bank reconciliation, which is the process of matching a company's bank statement with its internal records.

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Purchase Order Automation

Nanonets

It is a legal agreement between the buyer and the seller, outlining the details of the transaction and setting the terms of the purchase. Their platform automates the entire accounts payable process, including invoice processing and payment reconciliation.

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Understanding Your Vendor Invoice: Key Details Explained

Nanonets

Example invoice number table: Invoice Number Creation Date Payment Date Status INV-001 2022-01-01 2022-01-15 Paid INV-002 2022-02-01 In Progress Unpaid INV-003 2022-03-01 Pending Unpaid In summary, the invoice number plays a crucial role in  invoice management  by aiding in tracking and marking invoices as paid.