Fintech Finance

APRIL 29, 2024

Unlocking a host of advantages, CoP empowers Direct Debit and Direct Credit users with a proactive approach to error resolution. By catching errors at the signup stage, users can swiftly address issues while engaging with customers on the phone or website, ensuring a seamless experience.

Error Resolution 98

Error Resolution Payee Payment APIs and Integration Payments 98

Nanonets

MARCH 30, 2023

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?

Automation 52

Automation Transactions Wire Transfer ACH 52

Nanonets

OCTOBER 1, 2024

We'll also delve into how automation can help you move closer to that 3-day benchmark. Graph comparing invoice error resolution time between top and bottom performers| Source Invoice validation is a complex process that can be hindered by various challenges. These include: 1. Manual receiving of invoices Nearly 49.7%

Best Practices 40

Best Practices Automation Multi-Currency Process 40

Stax

NOVEMBER 11, 2024

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.

ACH 88

ACH Checks Identity Theft Payments 88

Nanonets

JUNE 18, 2024

Automated Accounts Reconciliation software like Nanonets can cohesively consolidate all data sources on one platform, automate the matching logic across external data sources and general ledgers, effectively provide an audit trail, and keep the process transparent for the accounting team personnel involved.

Reconciliation 52

Reconciliation Accounts Automation Credit Cards 52

Nanonets

MAY 8, 2024

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.

Reconciliation 52

Reconciliation Settlement Alternative Payment Methods Automation 52

Global Fintech & Digital Assets

DECEMBER 21, 2023

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.

OCC 59

OCC BNPL Electronic Fund Transfer Act (EFTA) Federal Trade Commission 59