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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.

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Payment reconciliation: What is it, and how can your business do it efficiently?

Nanonets

Efficient reconciliation of payments is a vital aspect of financial management for businesses of all sizes. As transactions flow in and out, reconciling payments becomes crucial to ensure accuracy, identify discrepancies, and maintain a clear financial picture. What is payment reconciliation?

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Payment Reconciliation: Keeping Financial Records in Sync

Paystand

Table of Contents What is payment reconciliation? How does payment reconciliation work? Why is payment reconciliation important? What are the three types of payment reconciliation? How can automation improve payment reconciliation?

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Stripe Reconciliation: The Complete Guide

Nanonets

Introduction to Stripe Reconciliation Every digital purchase is a complex interplay of entities—Customers, Merchants, Acquirers, and Issuing Banks—that orchestrate the flow of funds.   What is Stripe Reconciliation?     How are transactions processed through Stripe?  Stripe

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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. This process can identify any discrepancies, such as duplicate transactions or missed payments, before they become more significant financial issues.

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How to make vendor payments using ACH

Nanonets

However, the reality of business today is that different vendors will have different preferences , and may choose ACH/checks/wires/card payments as their preferred payment method. Having a solution that covers all these needs is usually the best practice here.

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Credit Card Processing in Microsoft Dynamics 365: Benefits and Getting Started

EBizCharge

Now that you know how to get started with processing payments in Microsoft Dynamics 365, you should familiarize yourself with some best practices to ensure your system is running smoothly. Best practices for payment processing in Dynamics 365 Having the right best practices in place for payment processing is crucial.