Remove Correspondent Remove Reconciliation Remove Remittance Data
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Guide to Cash Application Automation Software

EBizCharge

Now, automated cash application software employs artificial intelligence and machine learning to automatically match payments received via various payment methods, like credit cards, wire transfers, and electronic payments, to their corresponding invoices. What is remittance data?

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Mastercard and the Medical Tourism Association Join Forces to Revolutionize Cross-Border Healthcare Payments

Fintech Finance

These include increased security, robust controls, and real-time remittance data for more efficient reconciliation. From paying for and scheduling a procedure to reserving corresponding travel, transportation and lodging, patients will be able to confidently manage every aspect of their journey within the same platform.

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What Is Remittance Advice? Definition, Examples, and Tips to Enhance for Your Company

EBizCharge

Remittance advice is critical in financial management for any AR team. Its importance is grounded in several crucial functions: it ensures that payments are accounted for correctly, simplifies the reconciliation process, and helps maintain a precise and updated receivable balance in the company’s ledger.

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How Virtual Cards Can Live Up To Their Faster Payments Promise

PYMNTS

Among the most pervasive is that wire, ACH and check acceptance are free, whereas cards, and the interchange fees associated with them, are expensive — particularly when accepting those virtual card payments does not come with a corresponding acceleration of when payments are received.