The Finance Weekly

OCTOBER 4, 2021

Continuous tracking. Identify duplicate or fraudulent invoices. Shifting to a modern approach and adopting spend management software such as Mesh Payments can boost productivity and put you in control of your budget. Let’s look at how. Real-Time Visibility. One dashboard for all your spend. Automatic updates. Create custom reports.

Duplicate 130

Duplicate Automation Product Continuity 130

Fintech News

SEPTEMBER 9, 2024

While Elhedery has committed to continuing Quinn’s Asia-centric focus, his willingness to explore such a significant restructuring underscores his intent to leave his own mark on the 159-year-old institution. The potential merger could create a combined unit with approximately 92,125 employees. billion.

Duplicate 132

Duplicate Continuity FinTech Posting 132

VISTA InfoSec

OCTOBER 20, 2023

Healthcare organizations must implement HIPAA-compliant DRPs to protect ePHI, ensuring continued operation during disasters. Service Continuity : Ensures essential healthcare services remain operational. Set up backup and recovery procedures: Develop protocols for duplicating and restoring ePHI data during data loss events.

Disaster Recovery 130

Disaster Recovery Regulatory Compliance Procedures Duplicate 130

The Fintech Times

FEBRUARY 14, 2024

The changes are also accelerated by the continuous push by many governments to further digitisation. Duplicate and fraudulent invoice detection : AI engines can identify potential duplicate invoices or invoices with unusual amounts and flag them for review.

Automation 103

Automation Process Duplicate Compliance 103

The Finance Weekly

OCTOBER 27, 2022

The worst part is that without the proper technology to help streamline and integrate financial reporting processes, your business will continue to have cascading errors, which will eventually result in the worst of all horrors: performance bottlenecking. Just thinking about it gives us the chills.

Finance 130

Finance Database Duplicate Security 130

Fintech News

MAY 14, 2024

The convergence of exponential increases in processing power, continuous advancements in deep learning and neural networks, and the democratisation of AI tools has fueled a creative explosion in digital media.

Deepfake 114

Deepfake Authentication Verification AI 114

PYMNTS

OCTOBER 1, 2020

Security continues to be at the forefront of consumers’ minds.”. For example, an alert about a duplicate transaction might be appreciated by one card member as a red flag, but may be viewed by someone else as a nuisance in the event that the transactions were intentional. The Balancing Act.

Online and Mobile Banking 106

Online and Mobile Banking Disputes On-Demand Issuers 106

PYMNTS

AUGUST 5, 2020

Consumers today are looking for new avenues of at-home entertainment as many continue to lay low during the ongoing pandemic. While video streaming services remain popular, research indicates more consumers are also turning to online gaming and gambling platforms. Deep Dive: Guarding Gaming Platforms Against Online Fraud.

Bots 111

Bots Authentication Identity Theft Void 111

Stax

MARCH 27, 2025

Interconnecting 10,000 US banks and credit unions, this network continues to receive high demand. Plus, you can reverse or cancel ACH payments in cases of fraudulent transactions or duplicate payments. Automated Clearing House (ACH) is a subset of EFT in the United States that moves funds through the ACH network.

ACH 88

ACH Electronic Funds Transfer (EFT) Wire Transfer Wire 88

Nanonets

JUNE 19, 2024

Errors in logging payments correctly, duplicates, or missing entries may lead to incorrect reporting. Duplicate Payments: Without regular reconciliation activities, there is always a risk associated with processing payments twice. It continuously checks these against bank statements, flagging any discrepancies for further review.

Reconciliation 52

Reconciliation Process Accounts Duplicate 52

PYMNTS

FEBRUARY 20, 2020

However, according to Eric Glyman, CEO and Co-founder of corporate card company Ramp , commercial card products continue to encourage businesses to spend more, not less — and they are often unable to address the particular spend management challenges of fast-growing businesses. Nixing The Personal Guarantee.

Commercial Card 56

Commercial Card Duplicate Underwriting Transactions 56

Nanonets

APRIL 24, 2025

That's a huge advantage, especially with healthcare facing staff shortages while the industry continues to grow. Data extraction Our system handles three main document types: lab reports, ECG reports, and chart notes.   This change means they can handle more cases without having to hire more expensive doctors.

Underwriting 52

Underwriting Automation Process Volume 52

PYMNTS

DECEMBER 18, 2020

We’ve seen manufacturer coupons that are easily duplicated or there is no limit, so customers can use the same coupon over and over again,” Rauch said. Physical coupon abuse has been especially prevalent, with fraudsters deploying numerous tactics to take advantage of offers.

Duplicate 110

Duplicate Scams Consumer Legal 110

PYMNTS

NOVEMBER 11, 2020

businesses in a recent survey reported receiving duplicate invoices, that’s just the tip of the manual and paper iceberg. As the new Back-Office Optimization Playbook concludes, “No part of the business world is easy to navigate, and there will no doubt continue to be challenges in the capital management space.

Automation 87

Automation Void Treasury Duplicate 87

The Payments Association

MARCH 25, 2025

Without clear answers, duplicated work can lead to mistakes, disputes, and unnecessary delays. Without a structured approach, misinterpretations will continue, leading to unnecessary risks and costs and increasing manual effort. Key questions to consider include: Who assesses the impact and scope of the requirements?

Compliance 88

Compliance Payment Networks Issuers Best Practices 88

PYMNTS

JUNE 7, 2018

“On the other side,” he continued, “suppliers are having to provide better data services. The assessment went further: According to Benson, a deeper look at that list of 43,000 revealed duplicates – misspellings, or multiple names for the same supplier.

Duplicate 57

Duplicate Legal Mitigation Risk Mitigation 57

Neopay

FEBRUARY 27, 2025

On the competition concerns heard, to avoid regulatory duplication, we have shared our findings with the Competition and Markets Authority (CMA). We will continue to embrace digital improvements that benefit consumers. In turn, this could expand the range of alternative payment methods on offer, giving consumers more choice.

Alternative Payment Methods 52

Alternative Payment Methods Assessments Duplicate Financial Inclusion 52

Segpay

NOVEMBER 20, 2024

As these technologies continue to evolve, they not only enhance security but also improve user experience. These traits are virtually impossible to duplicate or forge, making biometric security an attractive alternative to traditional methods like passwords or knowledge-based authentication.

Security 98

Security Technology Privacy Compromise 98

The Finance Weekly

MARCH 28, 2022

Continue reading to learn what ESG reporting is, what's new with ESG reporting standards, why Finance teams should care, and the five benefits of aligning ESG and financial reporting. These benefits include the following: Eliminates duplicate data collection, consolidation, and reporting processes.

Finance 130

Finance Audit On-Demand Governance 130

PYMNTS

FEBRUARY 4, 2020

Macy’s struggles continue as customer habits change to discount stores and online purchases, and the company said it’s going to close 125 department stores through the next three years, saying that about one-fifth of all its locations need to be shuttered, according to a report Tuesday (Feb. 4) by The Wall Street Journal.

Duplicate 52

Duplicate Continuity Mobile Payments Consumer 52

Fi911

AUGUST 16, 2024

Bottom line: merchants continue to invest time and resources into contesting chargebacks and face associated fees, regardless of the outcome. While there can be occasions where disputing and overturning these decisions is successful, achieving a reversal of a chargeback remains a secondary goal. The post What are Amex Chargeback Reason Codes?

Disputes 77

Disputes Non-Bank EMV Authorization 77

PYMNTS

FEBRUARY 4, 2020

Macy’s struggles continue as customer habits change to discount stores and online purchases, and the company said it’s going to close 125 department stores through the next three years, saying that about one-fifth of all its locations need to be shuttered, according to a report Tuesday (Feb. 4) by The Wall Street Journal.

Duplicate 52

Duplicate Continuity Mobile Payments Consumer 52

Evolve Payment

OCTOBER 22, 2024

Fraudsters use everyday individuals’ information, frequently scraped from social media profiles or publicly available data like secretary of state filings, to create realistic duplicates of their identities. This is because a deep web of security checks is much harder for a fraudster to break through than just one isolated technique.

Deepfake 98

Deepfake Verification Fraud Detection AI 98

PYMNTS

JANUARY 18, 2019

We continue to advise customers they shouldn’t submit second payments to avoid duplicates. Later in the afternoon, the bank tweeted again: “Faster payments are now being processed, but there may be a delay in processing some payments. We’re sorry for any inconvenience and assure customers they won’t be out of pocket as a result.”.

Faster Payments 55

Faster Payments Duplicate Payments ATM 55

Nanonets

NOVEMBER 16, 2023

  Accounts payable internal controls have been carefully developed, widely implemented, and continuously refined to protect businesses from payment risks no matter where in the AP process they originate. Once the funds clear, the process will be complete, and business can continue as usual. 

Accounts 52

Accounts Best Practices Duplicate Checks 52

FICO

SEPTEMBER 5, 2017

One of the concerns management heard from agents before transitioning to FICO Debt Manager was that the system they were using wasn’t always able to post payments same-day, leading to duplicate outreach and frustrated customers. Everything housed in the one system makes it uniform across the platform.

Duplicate 49

Duplicate Posting Consumer Continuity 49

PYMNTS

FEBRUARY 5, 2020

What’s changed in the last 10-15 years, he continued, is the culture of employee purchasing. Teams often don’t understand they’re paying for overlapping services, duplicate vendors and zombie subscriptions that fall below the radar.”. Every single person in your company is now part of your purchasing department,” he explained.

Duplicate 57

Duplicate Payments Commercial Card Compliance 57

PYMNTS

JANUARY 18, 2019

There continues to be different permutations of the BEC popping up, according to the site — where, for example, there have been attempts through the last several weeks to induce gift card purchases, requested by those fraudsters posing as CEOs. They may also see a higher “monetary payoff,” Hassold stated.

Business Email Compromise 69

Business Email Compromise Scams Audit Payroll 69

PYMNTS

NOVEMBER 10, 2020

A survey of 500 finance professionals found that 54 percent of businesses have sent invoices to the wrong recipients, for example, while 63 percent of businesses have received duplicate invoices. No part of the business world is easy to navigate, and there will no doubt continue to be challenges in the capital management space.

Liquidity Management 87

Liquidity Management Treasury Automation Point-of-Sale (POS) 87

Neopay

FEBRUARY 27, 2025

To avoid duplication of requirements and to provide legal clarity to the market, the EBA has amended its Guidelines on ICT and security risk management. DORA has introduced harmonised requirements on ICT risk management that apply to financial entities across the banking, securities/markets, insurance and pensions sectors.

Risk Management 52

Risk Management Risk Security Legal Framework 52

PYMNTS

OCTOBER 4, 2019

The trend is expected to continue in the near future,” Pangretic said. Legacy payment providers are looking for ways to innovate in the ways that [FinTech firms] do, and to avoid duplicative costs.”. That applies to the world of payments as it continues to rapidly change. Recent Trends.

Credit Cards 70

Credit Cards Card Issuer Issuers Identity Theft 70

PYMNTS

FEBRUARY 3, 2020

As open banking frameworks continue to encourage bank-FinTech collaboration , the financial services market is exploring new ways to unlock data — not only with banks, but with each other. Unlocking Data, Unlocking Opportunities.

Payroll 73

Payroll Payment APIs and Integration Faster Payments Due Diligence 73

PYMNTS

JULY 28, 2019

Its model is being duplicated in Groveland and will continue in cities across the U.S., Kroger’s first CFC is being constructed in Monroe, OH. the release said.

Automation 51

Automation Duplicate Mobile Payments On-Demand 51

PYMNTS

OCTOBER 14, 2019

Khosrowshahi also noted in the letter, “We all have to play a part by establishing a new normal in how we work: identifying and eliminating duplicate work, upholding high standards for performance, giving direct feedback and taking action when expectations aren’t being met, and eliminating the bureaucracy that tends to creep as companies grow.”.

Duplicate 49

Duplicate Continuity Accounts Product 49

PYMNTS

JANUARY 24, 2020

Fraudsters continue to haunt the mobile order-ahead industry, however, which is concerning for both mobile app users and the restaurants that provide them. Restaurants are meanwhile growing increasingly alarmed about coupon fraud, which continues to eat away at margins despite shifts to digital discounts.

Account Takeovers 56

Account Takeovers Duplicate Data Breach Breach 56

Nanonets

APRIL 3, 2024

Fraud Detection and Prevention: Through vendor reconciliation, businesses can detect discrepancies that may indicate fraudulent activities such as overbilling, duplicate invoices, or fictitious vendors. Any discrepancies, such as duplicate payments or missing entries, must be identified.

Reconciliation 52

Reconciliation Process Accounts Duplicate 52

Nanonets

SEPTEMBER 1, 2023

Typical bottlenecks that are reported by AP teams are activities like: Invoice coding General Ledger (GL) mapping Payment Details Verification (to check for fraud) Duplicate Detection There is a very clear underlying theme here - manual data entry and verification are what causes these tasks to be tedious and time-consuming.

Automation 52

Automation AI Accounts Duplicate 52