Fintech News

JANUARY 17, 2024

Singapore’s digital bank Trust has upgraded its Instant Loan service , enabling existing credit cardholders to secure loans in about 60 seconds through a three-click process in the app. This update is part of the company’s efforts to streamline its loan approval procedures.

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Debit Card Credit Limit Procedures Adjustments 107

EBizCharge

JUNE 20, 2024

Establish an effective dispute management procedure Establish clear dispute management protocols to ensure any AR discrepancies are handled quickly and effectively. For example, a company can implement a dispute management procedure that includes the following steps: Step 1.

Best Practices 52

Best Practices Accounts Disputes Procedures 52

Payment Savvy

MAY 11, 2023

As a merchant, you may be liable for chargebacks if you do not follow proper card acceptance and processing procedures. Authorization and settlement: All members must follow proper procedures for authorizing and settling Visa transactions, including obtaining proper authorization and settlement of transactions.

Rules 52

Rules PCI DSS Disputes Payment Networks 52

Nanonets

SEPTEMBER 22, 2023

Credit Management:  Credit management entails assessing customer creditworthiness, setting credit limits, and monitoring credit terms to mitigate financial risks. By implementing standardized order management procedures, businesses can streamline the O2C process and minimize errors and delays.

Process 40

Process Cash Management Best Practices Credit Limit 40

Nanonets

SEPTEMBER 21, 2023

Businesses should establish clear collection policies and procedures, including escalation steps for overdue accounts. Furthermore, the receivables turnover ratio can help businesses to set credit limits for their customers. Q: How does the receivables turnover ratio assist in financial decision-making?

Accounts 52

Accounts Credit Limit Assessments Financial Analysis 52

Nanonets

SEPTEMBER 1, 2023

Once your financial institution or service provider integrates this solution, the process remains seamlessly user-friendly, requiring no specialized procedures akin to the user side. "The This unique facet facilitates easy access to credit for businesses without the burden of concealed credit card fees.

FedNow 52

FedNow Wire Transfer Federal Reserve ACH 52

Nanonets

SEPTEMBER 22, 2023

Credit Policies One of the first steps in effective accounts receivable management is establishing clear and effective credit policies. This involves conducting thorough credit assessments of potential customers, setting appropriate credit limits, and regularly monitoring their payment history.

Accounts 40

Accounts Disputes Automation Risk 40