Clearly Payments

JUNE 3, 2024

The process of tokenization involves creating a token that is linked to the original payment data within a secure database. This database, often referred to as a token vault, stores the mapping between tokens and the original data. This method ensures that sensitive card information is not stored in their databases.

PCI DSS 59

PCI DSS Payment Gateways Gateways Payments 59

Nanonets

APRIL 4, 2023

Firstly, MySQL is a powerful open-source database management system that provides a scalable and reliable solution for storing and managing large volumes of data. Despite the many benefits, importing excel data into MySQL can come with a plethora of challenges, such as data formatting, mapping, and database design.

Database 52

Database Automation Process Use Case 52

PYMNTS

JUNE 30, 2017

Things that run the gamut from being more or less variations on existing database technologies to things that are really sci-fi and exciting but very different than anything that is out there right now,” he explained. “And it’s worse than that with the blockchain because there are many blockchain protocols and standards and initiatives.

Blockchain 77

Blockchain B2B Payments Correspondent Bank 77

PYMNTS

JUNE 28, 2016

Banking officials from over 40 institutions around the world have also paticipated in workshops in various cities throughout this spring to help create a plan for correspondent banking called “the digital transformation of cross-border payments.” The pilot of the program is focused on B2B payments and is already up and running.

Payment Initiation 40

Payment Initiation Global Payments Cross-Border Payments Cross-Border 40

Nanonets

JUNE 8, 2023

Introduction to Airtable Airtable is a versatile tool that integrates the simplicity of a spreadsheet with the power of a database, and has dramatically altered the landscape of collaborative work. One key feature that stands out in Airtable is its powerful relational database functionality. What is Airtable good at?

Database 52

Database Automation CRM API 52

Nanonets

JULY 14, 2023

Information Extraction - once the Process of OCR is complete it’s important to identify which piece of text corresponds to which extracted field. Data dump - once the information has been extracted it needs to be stored in a retrievable format like A database An excel sheet An ERP system. Why digitize invoices?

Automation 98

Automation Process Payment APIs and Integration Database 98

PYMNTS

NOVEMBER 8, 2017

About two years ago, SWIFT observed that the correspondent banking model — the traditional bank to bank international money transfer model — showed several inefficiencies, Wachs said. Banks also will be able to immediately stop or recall payments no matter where those payments are in the correspondent banking chain.

SWIFT 43

SWIFT B2B Correspondent Bank Overlay Service 43

CB Insights

DECEMBER 19, 2017

Now, swimmers may see new benefits from the Apple Watch, too: A new patent surfaced in the CB Insights database would enable long-distance swimmers to keep track of their location based on the “radio frequency signals communicated” by their wrist-worn device. Research Briefing: Apple Strategy Teardown.

Correspondent 61

Correspondent Fed Database Use Case 61

FICO

JANUARY 22, 2021

The reports are stored in the Consumer Sentinel Network (Sentinel), a secure online database available only to law enforcement partners, which can use information in the database to spot trends, identify questionable business practices and targets, and enforce the law.

Credit Cards 52

Credit Cards FTC Push-to-Card Federal Trade Commission 52

PYMNTS

JANUARY 18, 2019

” EDI is a mechanism that allows companies to exchange data electronically, to replace manual communication channels like fax or paper correspondence. “Ultimately, 90 percent of what people talk about [when they talk about] blockchain can be done with a centralized database,” he said.

B2B 78

B2B Blockchain B2C Use Case 78

PYMNTS

JULY 21, 2020

They might hack databases to obtain information like consumers’ emails and phone numbers or they might find such information already available on the dark web from previous data breaches. Fraudsters that have gained control over a legitimate account can then easily steal victims’ money, and P2P payment platforms must therefore stand on guard.

P2P 60

P2P Scams Security Account Takeovers 60

Finovate

MARCH 29, 2024

The company’s technology validates cryptographic signatures to verify digital IDs and cross-checks personal identifiable information (PII) as displayed on the applicant’s ID versus information in government databases. Additional services such as facial and data comparison help reduce the risk of false positives.

Verification 69

Verification Privacy AI AML 69

Finovate

APRIL 9, 2024

Swift is building instant international payments to replace the archaic correspondent banking infrastructure. GovernGPT is an AI-based database that pre-populates due diligence questionnaires with recent and trusted data. Infinity is a banking and payments platform for cross-border businesses in India.

FinTech 52

FinTech Cross-Border Due Diligence AI 52

FICO

APRIL 28, 2022

The blue bars correspond to the FICO Score calculation without the BNPL accounts included, and the orange bars represent the FICO Score calculation with those same BNPL accounts included. This modest downward trend in score resulting from the inclusion of BNPL data is consistent across key consumer segments. Stay tuned! by Ethan Dornhelm.

BNPL 98

BNPL Accounts Credit Cards Origination 98

PYMNTS

APRIL 22, 2019

Other top factors behind rejections include an applicant’s poor credit profile, limited institutional ability to underwrite financing, a decline in correspondent banking relationships, and geopolitical and economic risk factors.

Finance 53

Finance Financial Inclusion Compliance Correspondent Bank 53

PYMNTS

FEBRUARY 20, 2018

“Although competition and innovations such as mobile or eBanking have made these payments more convenient, the bulk of clearing and settlement for cross-border payments still goes through traditional correspondent banks, which struggle to handle the higher-volume, lower-value retail payments,” the CPMI noted in its report.

Cross-Border Payments 43

Cross-Border Payments Cross-Border International Payments Electronic Funds Transfer (EFT) 43

Nanonets

APRIL 4, 2023

Put simply, mailroom automation is the process of automating incoming mail (both physical and digital) and other correspondence by transforming it into structured business data that is then sent to the relevant individuals or fed into processes and systems within your organization. What is mailroom automation? G2 Score: 4.3/5

Automation 52

Automation Correspondent Process AI 52

Nanonets

OCTOBER 18, 2023

Whether you have data stored in APIs, databases, or in PDFs, LlamaIndex makes it easy to bring that data into conversation with these smart machines. The 'data connectors' are the diligent gatherers, fetching your data from wherever it resides, be it APIs, PDFs, or databases. Enter Nanonets AI Assistant.

API 98

API AI Database Facilitators 98

PYMNTS

SEPTEMBER 17, 2018

The bad guys were able to use malware that interfered with bank processes that typically create document confirmation and use Oracle databases to retain records of messages sent via SWIFT, “then used other malware to delete evidence of those concealing activities,” noted the filing. correspondent banks,” said the complaint.

SWIFT 75

SWIFT Phishing Ransomware Central Bank 75

Nanonets

JUNE 24, 2024

The advanced transaction matching algorithms are capable of matching the credit card transactions with the corresponding entries in the accounting system. Automatic Transaction Matching: Reconciliation or Matching logic is a speciality for credit card reconciliations.

Reconciliation 52

Reconciliation Credit Cards Correspondent Issuers 52

Nanonets

SEPTEMBER 9, 2024

You will need to store the mapping of vendor codes to internal item codes in a separate location (like a Google Sheet or CSV) and write a custom integration to lookup from that database. This can be stored on your local system or in a cloud-based storage like Google Sheets.

Automation 52

Automation Database AI API 52

Nanonets

JULY 31, 2023

LangChain is an innovative technology that functions as a bridge -  linking large language models (LLMs) with practical applications like Python programming, PDFs, CSV files, or databases. We create a vector database using the chunks. We will save it the database for future use as well.

API 98

API Automation Database Returns 98

Nanonets

OCTOBER 5, 2023

In simple terms, RAG enables the AI to pull in relevant information from a database or other sources to support the generation of more accurate and informed responses. Through RAG, the chatbots can retrieve and utilize relevant information from a database to generate personalized responses to customer inquiries.

Bots 52

Bots API Database Returns 52

Nanonets

JUNE 18, 2024

Each balance should match its corresponding entry in the general ledger for any source. Steps in the Account Reconciliation Process The reconciliation process ensures each entry of the general ledger matches the corresponding external documentation. Effective resolution of errors is still time-consuming and outdated.

Reconciliation 52

Reconciliation Accounts Automation Credit Cards 52

Nanonets

APRIL 15, 2024

Detects errors, omissions, and irregularities : By comparing each transaction in the bank statement with the corresponding entry in the company's records, bank reconciliation can catch discrepancies, errors, and omissions that may have occurred during the recording or transmission of financial data.

Reconciliation 52

Reconciliation Adjustments Checks Correspondent 52

Nanonets

MARCH 14, 2024

For this, all details of the purchase as mentioned in the invoice are matched with the corresponding purchase order to ensure that the product/services that were ordered were delivered correctly and at the price agreed upon. Invoices and POs can also be imported into Nanonets from your mail, apps and databases.

Payment APIs and Integration 52

Payment APIs and Integration Automation Correspondent Checks 52

Nanonets

NOVEMBER 16, 2023

It offers a comprehensive database and tools for effective lead scoring, email tracking, and sales engagement. Lusha : Lusha's enrichment API allows for easy connection with systems, apps, or databases, providing detailed contact and company information. It offers a simple setup and secures data transfer with SSL encryption.

Automation 52

Automation CRM API Database 52

PYMNTS

NOVEMBER 7, 2018

“While that is stored at the Clearing House, business rules that need to apply toward setting that up had to be thrashed through with the Clearing House, amongst banks, with telecos and in our own database with how we store and change these numbers.”.

Faster Payments 49

Faster Payments Real Time Gross Settlement (RTGS) Payments C2B 49

CB Insights

AUGUST 23, 2018

We used the CB Insights database to identify 50+ startups enhancing the stadium experience and organized them into 11 categories, from stadium analytics and its component parts to live betting technology, and more. Fans can access corresponding mobile apps for a deeper glimpse into their favorite player’s game time diagnostics.

Technology 51

Technology Blockchain Correspondent Security 51

PYMNTS

SEPTEMBER 30, 2019

On the phone or tablet screen, the chosen image is divided into nine squares that correspond with the nine canvas tiles provided with the kit. The works offered in the gallery come from 20 artists who include their work in the database. The customer can either upload a photo of their own or pick one from Cupixel’s online gallery.

Origination 43

Origination Correspondent Database Process 43

Nanonets

JUNE 21, 2023

Verify transactions Go through each transaction listed in the bank statement and compare it with the corresponding transaction recorded in the internal records. The first step is to compare the beginning balance of each bank account listed on the bank statements with the corresponding balance recorded in the general ledger.

Reconciliation 52

Reconciliation Process Adjustments Automation 52

FICO

FEBRUARY 20, 2018

Here are two classic techniques: Near-neighbor statistics, for example, the average distance from the query point to its M closest neighbors, with higher values corresponding to greater outlies. Some new data may be an outlier compared to the training database by being exaggerations or mutations of normal data.

AML 53

AML Money Laundering Crime Financial Crimes 53

Nanonets

NOVEMBER 14, 2023

This involves scanning or document imaging, wherein essential data is collected, categorized, processed, and placed into databases. Data Extraction : Metadata within the document is identified and extracted automatically, contributing to a more detailed and organized database. invoices, orders, receipts).

Automation 52

Automation Facilitators Audit Compliance 52

Nanonets

DECEMBER 11, 2023

Your team will no longer have to manually type information into forms, applications, or databases. For instance, customer order data from forms submitted on a website can automatically pre-populate the corresponding fields in CRMs, inventory management, and accounting systems. And that’s only half of the story.

AI 59

AI Payment APIs and Integration Automation Best Practices 59

PYMNTS

NOVEMBER 6, 2019

The complexity of having to match those against the corresponding invoice charges or customer billing is incredibly complex if you don’t have an automated solution.”. “Validation [of these complex invoices] is done by exception or sampling, and that’s not surprising,” he said.

Volume 40

Volume Agreements Assessments Correspondent 40

Segpay

APRIL 22, 2024

Even if intercepted, the token cannot be used for fraudulent transactions without the corresponding authentication mechanisms. The merchant receives the token and stores it in their database rather than storing Michael’s actual card number. Suppose a customer purchases a refrigerator from an online store.

Data Breach 52

Data Breach Risk Online and Mobile Banking PCI DSS 52

Stax

AUGUST 20, 2024

Instead of storing sensitive customer information, like payment and personal details, in a database, tokenization replaces the data with randomly generated “tokens.” Tokenization is essential for 3D Secure systems, as it ensures customers’ personal information remains secure during payment transactions.

Authentication 88

Authentication Security Card Issuer Payment APIs and Integration 88