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Payment Automation: The Future of Business Transactions

Nanonets

Enter payment automation - a solution that has gained popularity in recent times due to the pandemic and the new competitive landscape. By automating the payment process, businesses and individuals can save time and minimize the risk of errors. What is Payment Automation? How does payment automation work?

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5 Benefits of ACH Payments Over Check Payments

Stax

ACH transfers, or payments made through the Automated Clearing House network, account for billions of dollars in payments annually. The average consumer commonly uses the ACH network for automated bill payments and larger transactions. Regulation E also provides consumers with dispute and error resolution rights.

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Stripe Reconciliation: The Complete Guide

Nanonets

It ensuresthat the money flowing through the Stripe account matches what your business expects, leaving no room for discrepancies or errors.     Stripe can be used to automate the comparison of internal records like invoices with external data such as settlement files and bank statements, reducing manual effort and errors.

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OCC Issues Policy Guidance on Buy Now, Pay Later Lending

Global Fintech & Digital Assets

Operational Risk Banks furnishing BNPL loans via automated processes “with instantaneous credit decisioning and frequent strong reliance on third parties” may experience higher rates of borrower fraud and default.

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An Overview of Payment Regulation In The USA

Clearly Payments

Through transparent disclosures, dispute resolution mechanisms, and limits on consumer liability, regulations shield consumers from deceptive practices and ensure their financial well-being. It mandates disclosure of terms and conditions, error resolution procedures, and limits on consumer liability for unauthorized transactions.