The Payments Association

MARCH 25, 2025

Without clear answers, duplicated work can lead to mistakes, disputes, and unnecessary delays. Having a knowledge directory of all payment network requirements, including a complete catalogue of resources such as best practices, guides, manuals, releases, and rules, makes it easy for everyone to access and find the information they need.

Compliance 88

Compliance Payment Networks Issuers Best Practices 88

Clearly Payments

AUGUST 6, 2024

Processing Errors: Making up 15% of chargebacks, these involve errors such as incorrect amounts or duplicate charges. Processing Errors: Errors in processing the transaction, such as incorrect amounts or duplicate charges. Product or Service Issues: Disputes over the quality or delivery of products or services.

Disputes 105

Disputes Visa Issuers Duplicate 105

Nanonets

NOVEMBER 16, 2023

We’ll examine the different types of AP controls, accounts payable internal controls best practices, and how to manage AP controls in today’s digital landscape. There are many accounts payable internal controls best practices that every business should prioritize; let’s get into them.

Accounts 52

Accounts Best Practices Duplicate Checks 52

Fi911

MAY 22, 2024

Duplicate Charges : If a payer is charged more than once for the same transaction, the duplicates can be reversed. That said, there are some best practices that merchants can deploy to prevent many payment reversals. Tips to Prevent Payment Reversals When Possible Merchants have no real control over customers’ actions.

Payer 89

Payer Address Verification System (AVS) Disputes Payee 89

Nanonets

SEPTEMBER 25, 2024

We'll also guide you through setting up an efficient bank statement processing system and share best practices to transform this data flood into a strategic asset. 💡 Best practices:  1.   💡 Best practices:  1. 💡 Best practices:  1.

Process 52

Process AI Best Practices Reconciliation 52

Nanonets

JUNE 21, 2023

This article will provide a comprehensive guide to reconciling payments, its importance, challenges faced, best practices, and the role of automation in enhancing the process. This process helps identify any missing or unmatched payments, duplicate transactions, or other errors that may impact the financial records.

Payment Reconciliation 52

Payment Reconciliation Reconciliation Best Practices Automation 52

Nanonets

SEPTEMBER 22, 2023

Implementing best practices, such as prioritizing invoices and establishing internal controls, can improve the accounts payable process. Implementing best practices is also crucial for optimizing accounts payable processes. Check for duplicate payments to minimize errors and unnecessary costs.

Accounts 40

Accounts Master Account Best Practices Reconciliation 40

Nanonets

MAY 7, 2024

Through this guide, we will define what expense reconciliation is, explore its significance to companies, the formal methods of going about it, as well as the challenges and best practices involved. Credit card reconciliation helps identify discrepancies such as fraudulent transactions, duplicate charges, or unauthorised expenses.

Reconciliation 52

Reconciliation Best Practices Credit Cards Compliance 52

Fintech Finance

MAY 21, 2024

The partnership will also deliver enterprises with the latest trends and best practices around finance transformation through the integration of AP automation services.

Automation 52

Automation Duplicate Best Practices Finance 52

FloQast

OCTOBER 27, 2023

Best Practices for Successful Compliance Management To implement an effective compliance management system, focus on best practices. Here are some compliance management best practices worth considering. Plus, it captures audit evidence at the source, eliminating duplicate audit activities and complexity.

Compliance 52

Compliance Best Practices Mitigation Procedures 52

PYMNTS

JUNE 20, 2019

Suppliers can also submit duplicate invoices, or issue the same invoice with different billing amounts. Therefore, it is best practice to have a fraud monitor to actually view the transactions with a high fraud score and manually accept or deny those to further train the AI through that process.”.

B2B 73

B2B Fraud Detection Third Party Vendors Payments 73

Nanonets

APRIL 12, 2023

In this blog post, we will explore what SaaS spend management is, why it is essential, and share best practices to optimize your organization's SaaS spends. We will also introduce Nanonets' solution to help you manage your SaaS expenses more effectively. What is SaaS Spend Management?

Best Practices 52

Best Practices Automation Compliance AI 52

Nanonets

MAY 20, 2024

In this guide, we'll explore best practices, real-world examples, and powerful tools to help you automate your data workflows and get more out of your data. Say goodbye to data entry errors, duplicates, and inconsistencies that can skew your analysis and lead to bad decisions. What is a data workflow?

Automation 59

Automation Payment APIs and Integration CRM AI 59

Clearly Payments

JUNE 21, 2024

Duplicate Charges: The cardholder’s account was charged multiple times for the same transaction. Best Practices for Specific Chargeback Reasons Chargebacks are a complex and challenging aspect of running a business, but understanding the specific reasons behind them can help merchants develop targeted strategies to address and prevent them.

Disputes 52

Disputes Address Verification System (AVS) Credit Cards Best Practices 52

Core

DECEMBER 11, 2023

In the latest Government Roundtable Series Webinar, CORE’s SVP of of Development—Alan Pyrz, SVP Development & Engineering—Justin Leapline, Founder at Episki—and Shash Cates, VP of Marketing at CORE, discuss frameworks for security and compliance, best practices for adopting AI, and limiting PCI scope for your organization.

Governance 52

Governance Government Security Technology 52

Nanonets

MARCH 30, 2023

Greater levels of accuracy Automating payment processing enhances accuracy by validating invoice data against ERP or accounting systems, eliminating manual processes and paper handoffs that cause errors, and flagging duplicate invoices. Some technology providers guarantee accuracy.

Automation 52

Automation Transactions Wire Transfer ACH 52

Nanonets

SEPTEMBER 21, 2023

Proactive vendor communication, prompt invoice capturing, and batch invoice  payment processing  are best practices for efficient accounts payable management. It is essential for organizations to stay proactive and adopt best practices to mitigate this risk.

Accounts 40

Accounts Best Practices Automation Reconciliation 40

Nanonets

MARCH 22, 2023

Less process control Any company dealing with accounts payable best practices in-house is bound to have greater control over its processes. Issues with duplication Many account payable outsourcing companies charge on a per-invoice basis. Emergencies can be prioritized and handled straight away with direct approvals.

Accounts 52

Accounts Duplicate Automation Privacy 52

Nanonets

DECEMBER 25, 2023

Best Practices before the Integration: Backup Your Data : Before initiating the integration, back up your data from both platforms. Duplication of Entries : If the integration isn't set up correctly, you might end up with duplicate entries. You can usually set this up to happen automatically at regular intervals.

Finance 52

Finance Payment APIs and Integration Best Practices Automation 52

EBizCharge

OCTOBER 17, 2023

These fees are intended to cover ACH return processing costs and encourage adherence to best practices to ensure more accurate and valid payments. This can be due to duplicate payments, incorrect amounts or recipients, payment date errors, technical errors, etc.

ACH 52

ACH Returns RDFI ODFI 52

EBizCharge

MAY 14, 2024

Integration with other systems By integrating billing with other systems, businesses can eliminate manual data entry and duplication of efforts, reducing the risk of errors and improving data accuracy. By following these best practices, businesses can navigate automation implementation with confidence.

Automation 52

Automation Payment APIs and Integration Best Practices Online and Mobile Banking 52

FICO

SEPTEMBER 6, 2021

In addition, each of these groups typically pays for their own external data streams, another expensive duplication. Don’t miss my colleague, TJ Horan , at the upcoming Aite Financial Crime Forum, where he’ll participate in the feature panel, Best Practices for Operationalizing Converged Intelligence, on Tuesday, September 14 at 10:30 am ET.

Financial Crimes 52

Financial Crimes Online and Mobile Banking Wires Wire 52

Segpay

APRIL 16, 2024

Billing Issues: Discrepancies in billing, such as duplicate charges or incorrect billing amounts, can lead to chargebacks. This may include providing access to chargeback management tools, offering dispute resolution best practices, and helping merchants prepare compelling evidence to support their cases.

Disputes 52

Disputes Address Verification System (AVS) Fraud Prevention Fraud Detection 52

Nanonets

JULY 24, 2023

Step 5: Find errors Although rare, errors can occur on the bank's side, such as duplicate records, incorrect transaction entries, or miscalculated commissions. The goal is to reconcile and synchronize the cash transactions between your internal ledger and the bank statement.

Reconciliation 52

Reconciliation Finance Duplicate Accounts 52

Nanonets

JUNE 25, 2024

This guide will walk you through the process of invoice coding, how to automate it, and the best practices. This leads to time wasted on status inquiries and potential duplicate payments. This step ensures accuracy and helps prevent overpayments or duplicate payments. You're in the right place.

Automation 52

Automation Payment APIs and Integration Rules Process 52

Nanonets

MAY 6, 2024

Duplicate Entries : Accidentally recording the same transaction multiple times can inflate balances and create discrepancies during reconciliation. What are some best practices for general ledger reconciliation? Incomplete Records : Missing or incomplete records can hinder the reconciliation process.

Reconciliation 52

Reconciliation Payroll Automation Transactions 52

Nanonets

APRIL 8, 2024

ERP software, including Odoo ERP, is essential for business management because it unifies what would otherwise be siloed systems requiring duplicate manual data entry into a single database.    ERP software is designed with core accounting software and optional modules for business process functionality throughout your organization.

CRM 52

CRM Payment APIs and Integration API Automation 52

Nanonets

SEPTEMBER 23, 2023

With shared best practices and standardized processes, businesses can optimize their operations, minimize redundancies, and achieve a higher level of productivity. By implementing best practices across all departments, organizations can achieve more efficient operations and reduce costs.

Product 52

Product Multi-Currency Best Practices Automation 52

Nanonets

MAY 21, 2024

Common discrepancies may include unapplied payments, duplicate entries, or incorrect customer balances. Investigate Discrepancies: Identify and resolve unapplied payments, duplicates, or errors. Adjust Ledger Balances: Make necessary adjustments to the accounts receivable ledger to correct any errors or discrepancies.

Reconciliation 52

Reconciliation Accounts Adjustments Correspondent 52

EBizCharge

MAY 20, 2024

Finally, your provider should provide a seamless NetSuite integration that minimizes the risk of duplicate data entry and offers robust fraud management tools. Lastly, ongoing training, support, and staying updated on features and best practices can maximize your NetSuite payment processing operations.

Process 52

Process PCI DSS Processors Payment APIs and Integration 52

Nanonets

MARCH 4, 2024

Duplicate Claims Employees submitting the same expense for reimbursement more than once. However, as the company grew, the CFO, Alex Morgan, noticed several issues: Duplicate Claims:  Employees occasionally submitted the same expense twice due to lack of proper tracking.

Process 52

Process Compliance Automation Audit 52

Nanonets

FEBRUARY 13, 2024

Best Practices Customizing to Business Needs: Adapt your expense policy to fit your organization's unique requirements. However, as the company grew, the CFO, Alex Morgan, noticed several issues: Duplicate Claims:  Employees occasionally submitted the same expense twice due to lack of proper tracking.

Compliance 52

Compliance Non-Bank Automation Duplicate 52

FICO

JULY 5, 2023

This creates two problems for fraud teams: they may make improperly informed fraud decisions, and they may create experiential friction by prodding customers for duplicate information another group in the organization has collected already. Each collects valuable information, but the data is rarely shared across departments.

Crime 52

Crime Online and Mobile Banking Gateways Rules 52

FICO

NOVEMBER 8, 2022

This is how the inefficiencies that increase costs and duplications that frustrate customers are created. Combatting First-Party and Synthetic Identity Fraud : Five best practices you need now. Often the two operate in silos.

Scams 52

Scams Authentication Fraud Prevention Push-to-Card 52

Nanonets

APRIL 24, 2024

Error Detection : These audits help in detecting errors such as incorrect postings, duplicate transactions, or unauthorized withdrawals, thereby reducing the risk of financial misstatements.

Reconciliation 52

Reconciliation Audit Procedures Correspondent 52

Nanonets

NOVEMBER 15, 2023

Additionally, the invoices must be matched with the corresponding purchase orders and goods receipts to avoid duplicate invoices, fraud, and errors. Moreover, integrations with your ERP or accounting software ensure that all financial data is synchronized and up-to-date, reducing the risk of inaccuracies and duplication.

Accounts 52

Accounts Payment APIs and Integration Audit Automation 52

Nanonets

SEPTEMBER 29, 2023

This article will cover how vendor payments can be optimized, offering insights into the benefits and best practices, which can transform your organization's financial workflows. Streamlining vendor payments is thus an important part of any business’ financial operations.

Payments 52

Payments Reconciliation Automation ACH 52