Fintech News

DECEMBER 10, 2023

Whether you’re a small company or a large bank, the challenge remains: ensuring that every payment instruction contains the correct data in the right format.” ” For FIs, the consequences are equally daunting, as they face expenses associated with the correspondent banking network.

Addressing 117

Addressing Fraud Prevention Financial Inclusion Payments 117

Fintech Finance

JULY 19, 2024

Many more financial institutions also access the CHAPS system indirectly and make payments via direct participants which is knowns as agency or correspondent banking. Meanwhile, financial institutions and the largest businesses in the UK use CHAPS to settle foreign exchange transactions and money market settlements.

Payments 98

Payments ISO 20022 Retail Payments Settlement 98

The Fintech Times

MARCH 20, 2024

Plus in the past, the BBC has reported that “10 million people would struggle to cope in a cashless society even though only 17 per cent of payments are now made with notes and coins.” It is the latest sign that the march to a completely cashless society is a bad idea.

Contactless Payments 115

Contactless Payments Push-to-Card Payments Online and Mobile Banking 115

PYMNTS

MARCH 23, 2020

The cross-border payment problem . Businesses are somewhat limited in how they solve international payment issues. Companies’ payment platforms support certain currencies, but they cannot force freelancers to accept payments in denominations that they will not use.

Cross-Border Payments 61

Cross-Border Payments Cross-Border Wire Transfer Wires 61

Nanonets

APRIL 3, 2024

This process involves comparing the company's accounts payable data, which includes invoices, purchase orders, receipts, and statements, with the corresponding records maintained by the vendors. By promptly addressing discrepancies and resolving payment issues, businesses demonstrate reliability and professionalism.

Reconciliation 52

Reconciliation Process Accounts Duplicate 52

EBizCharge

MAY 13, 2024

Improving the customer experience: Automated payment systems can enhance customer satisfaction by providing customers with more convenient payment methods through online payment portals, easy access to their account information, and swift resolution of payment issues.

Automation 52

Automation Disputes Payments Process 52

Nanonets

APRIL 19, 2024

Is there a customer with outstanding payments or continued payment issues? Online Payment Processing Customers are over sending checks – they want to pay online! No more long email chains and delayed payments due to inbox clutter. 

Automation 52

Automation Accounts Process Online Payment Processing 52