Stax

MARCH 4, 2025

Check for detailed transaction reports with filtering and export options, chargeback and dispute tracking to monitor potential losses, and customer spending insights to help you optimize your pricing and marketing strategies. Have easy refund policies and prompt dispute resolution in place to avoid escalations.

Credit Cards 88

Credit Cards Payment APIs and Integration Payment Gateways Gateways 88

Fi911

MAY 22, 2024

This process can be triggered for various reasons, such as a disputed charge, an error in the transaction, or fraud detection. Duplicate Charges : If a payer is charged more than once for the same transaction, the duplicates can be reversed. What is a Chargeback?

Payer 92

Payer Address Verification System (AVS) Disputes Payee 92

Fi911

AUGUST 16, 2024

American Express chargeback reason codes are a collection of identifiers used to classify different chargeback situations, reflecting the disputes raised by cardholders against sellers. These codes are vital for organizing disputes and determining the necessary next steps.

Disputes 77

Disputes Non-Bank EMV Authorization 77

PYMNTS

JANUARY 7, 2020

The company’s website notes that its court system will encompass “subjective disputes that require the judgment of human jurors.”. It has the ability to duplicate “every transaction to ensure all parties with access to the ledger, but not necessarily involved in any one transaction, have current and immutable information.”

Disputes 53

Disputes Blockchain Duplicate Bitcoin 53

PYMNTS

OCTOBER 1, 2020

Consumers expect to service their accounts with activities like profile setups, making payments and helping manage their accounts with dispute resolution and fraud alerts,” she said. Elan also is seeing an uptake in digital DIY for more complex servicing activities like transaction disputes and collections. The Balancing Act.

Online and Mobile Banking 106

Online and Mobile Banking Disputes On-Demand Issuers 106

The Fintech Times

DECEMBER 19, 2024

Tools such as ChatGPT enable the mass creation of communications and fake invoices, increasing risks and delays in resolving legitimate disputes. When handled by multiple disconnected systems, information becomes fragmented, making patterns harder to spot and allowing fraud to slip through undetected.

Automation 59

Automation AI Fraud Prevention Deepfake 59

PYMNTS

AUGUST 14, 2020

Costly human errors can slip into manual invoice processing, resulting in accidental overpayments and lengthy vendor disputes. Companies could end up paying twice if workers mistakenly file invoices that have already been uploaded or fail to realize when vendors accidentally submit duplicate invoices.

Process 106

Process Duplicate Automation AI 106

Stax

MARCH 27, 2025

This makes it easy for businesses to track payments and resolve potential disputes. Plus, you can reverse or cancel ACH payments in cases of fraudulent transactions or duplicate payments. Digital payment methods paperless nature reduces check processing costs that can go as high as $4 to $20 per transaction.

ACH 88

ACH Electronic Funds Transfer (EFT) Wire Transfer Wire 88

Fi911

AUGUST 28, 2024

Discover chargeback reason codes are specific numerical identifiers that help define the reasons for a cardholder’s dispute over a transaction. By doing so, they facilitate efficient dispute resolution for merchants and cardholders alike. These reason codes serve to categories disputes into understandable segments.

Disputes 54

Disputes Non-Bank CHIPS Authorization 54

The Payments Association

MARCH 25, 2025

Without clear answers, duplicated work can lead to mistakes, disputes, and unnecessary delays. Key questions to consider include: Who assesses the impact and scope of the requirements? How is this information communicated to affected teams? How is it embedded into their development plans?

Compliance 88

Compliance Payment Networks Issuers Best Practices 88

Clearly Payments

OCTOBER 1, 2024

Interchange fees are meant to cover the costs incurred by the card-issuing bank for handling risks associated with the transaction, including fraud prevention , handling customer disputes, and maintaining the payment infrastructure.

Contactless Payments 104

Contactless Payments CHIPS Credit Cards EMV 104

Segpay

APRIL 16, 2024

Cardholders dispute a transaction with their bank, resulting in a reversal of funds. This occurs when customers intentionally dispute legitimate transactions just to get a refund of their payment for products or services they did receive. Last year, the payment business suffered an estimated 238 million chargebacks.

Disputes 52

Disputes Address Verification System (AVS) Fraud Prevention Fraud Detection 52

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. Ensure that the vendor invoice correctly aligns with the Accounts Payable system for each item.

Reconciliation 52

Reconciliation Process Accounts Duplicate 52

The Paypers

FEBRUARY 20, 2018

(The Paypers) Coinbase , a US-based cryptocurrency exchange, and Visa have been disputing over reversed or duplicated cryptocurrency purchases with credit and debit cards.

Duplicate 28

Duplicate Debit Card Disputes Cryptocurrency 28

EBizCharge

MARCH 20, 2025

Automatic data syncing also reduces duplication and AR errors. Real-time financial insights: Seamless integration with up-to-date financial data can improve reporting accuracy and enhance decision-making. Therefore, its essential to compare the following costs: Transaction fees: A percentage of each sale, usually between 2.5%

Payment Gateways 52

Payment Gateways Gateways Payment APIs and Integration Payments 52

PYMNTS

JULY 20, 2018

Toys R Us has come to a settlement agreement with some groups of creditors, including vendors, to resolve disputes related to its bankruptcy proceedings. Patients who went to clinics over a period ranging from May of 2015 to July 4 of 2018 had information of a non-medical nature accessed and duplicated.

Data Breach 40

Data Breach Breach Duplicate Disputes 40

PYMNTS

JULY 19, 2019

PillPack uses patients’ prescription data to inform them of possible medication interactions, side effects, duplications and other details important to health and safety. This dispute is the latest between Amazon and established pharmacies since the company’s near $1 billion purchase of PillPack in June 2018.

Federal Trade Commission 43

Federal Trade Commission FTC Duplicate Disputes 43

Stax

NOVEMBER 11, 2024

NACHA also requires businesses to take responsibility for reversals in the event of errors or duplicate transactions. Under Regulation E, businesses must disclose essential information about ACH payments to consumers, including terms of use, transaction fees, and dispute resolution procedures.

ACH 88

ACH Checks Identity Theft Payments 88

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

JANUARY 14, 2024

Banking errors can be disputed with the bank and resolved. Bank reconciliation is vital in discovering such errors timely within dispute windows! Automation tools like Nanonets take it a step further, enabling users to define rules for detecting anomalies, duplicates, and mismatches.

Reconciliation 52

Reconciliation Adjustments Checks Duplicate 52

Nanonets

NOVEMBER 15, 2023

Clearly defining these terms in the PO helps avoid financial disputes and facilitates smoother transaction processing. Detailed order information is crucial for ensuring that the invoice accurately reflects what was agreed upon in the purchase order, thereby preventing discrepancies and potential disputes.

Duplicate 52

Duplicate Automation Process Facilitators 52

PYMNTS

MAY 1, 2018

More than a third of survey respondents said as much as 40 percent of their supplier invoices involved a dispute, a supplier chasing money or other issues that required manual intervention and interaction. “Yet this research clearly shows current processes for B2B transactions are letting them down.”.

B2B 47

B2B SWIFT Payments Faster Payments 47

Nanonets

APRIL 12, 2023

In this step, organizations validate and clean the data, removing any discrepancies, duplicates, or errors. Errors in data entry and invoice processing : Manual data entry and invoice processing can result in errors, such as duplicate payments or incorrect information, which can lead to additional costs and delays.

Compliance 52

Compliance Duplicate Automation Process 52

Nanonets

MAY 29, 2024

It is involved whenever goods or services are being procured and plays critical roles in formalizing agreements tracking orders controlling expenditures resolving disputes However, managing these purchase order documents manually is a big hassle. This reduces the risk of errors, such as duplicate orders or incorrect quantities.

Small Business 52

Small Business Audit Automation Disputes 52

Nanonets

JUNE 19, 2023

Eliminating human error A significant portion of issues discovered during AP audits arises from human errors, including misstatements, duplicate payments, overpayments, and errors in maintaining the check register. This results in fewer disputes and the elimination of duplicate tasks, streamlining the accounts payable audit procedure.

Audit 52

Audit Accounts Procedures Compliance 52

Nanonets

NOVEMBER 30, 2023

  For accounts payable internal controls best practices, strong internal controls should use technology-based systems to detect and flag possible errors, including duplicate invoices, and prevent potential fraud. AP automation systems flag exceptions and duplicate invoices to avoid payment errors. 

Best Practices 52

Best Practices Accounts Automation Electronic Funds Transfer (EFT) 52

Nanonets

MAY 7, 2024

By comparing these records, businesses can identify any discrepancies, such as missing or duplicate transactions, incorrect or false amounts, or any unauthorised expenses and transactions. Credit card reconciliation helps identify discrepancies such as fraudulent transactions, duplicate charges, or unauthorised expenses.

Reconciliation 52

Reconciliation Best Practices Credit Cards Compliance 52

Nanonets

JUNE 12, 2024

Cost Savings: Implemented properly, purchase order management systems ensure that businesses can negotiate better terms with suppliers, avoid duplicate orders, reduce administrative costs, and avail early payment discounts. Streamlined Purchasing: Structures the purchasing process, reducing errors like duplicate orders.

Best Practices 52

Best Practices Automation Small Business Process 52

Nanonets

NOVEMBER 27, 2023

It’s important that the invoice approval process does not get overlooked because you could end up overpaying if a duplicate invoice is sent by accident. Your organization and the business that you will be netting payments with must review and approve all invoices before netting takes place.

Payment Amount 52

Payment Amount Venmo Settlement Process 52

Nanonets

JUNE 22, 2023

By matching invoices with accounting entries in the general ledger, businesses can identify and rectify duplicate entries, errors, or extra payouts, keeping their books in proper balance. This helps avoid any misunderstandings or disputes arising from inaccurate or inconsistent numbers, strengthening vendor and supplier relationships.

Reconciliation 52

Reconciliation Audit Automation Correspondent 52

CoinRemitter

JULY 5, 2024

One manager provides proof, ensuring consensus without duplicating computations across validators. Challenges involve multiple rounds where proofs and counter-proofs are exchanged until the dispute is settled. Managers use a bisection technique to resolve disagreements about a VM’s operation down to a single instruction.

TPS 40

TPS Transactions Duplicate Security 40

Nanonets

MARCH 30, 2023

Greater levels of accuracy Automating payment processing enhances accuracy by validating invoice data against ERP or accounting systems, eliminating manual processes and paper handoffs that cause errors, and flagging duplicate invoices. Some technology providers guarantee accuracy.

Automation 52

Automation Transactions Wire Transfer ACH 52

Nanonets

FEBRUARY 19, 2024

The Advantage of Duplicate/Triplicate Copies : Using a multi-copy receipt book means more than just giving customers their copy. The original receipt, typically white, goes to the customer, while the yellow one, a direct duplicate, is for the business's records. Satisfied, she signs at the bottom of the receipt. Grand Total: $44.28

Duplicate 52

Duplicate Automation Checks Transactions 52

Nanonets

MAY 21, 2024

Common discrepancies may include unapplied payments, duplicate entries, or incorrect customer balances. Investigate Discrepancies: Identify and resolve unapplied payments, duplicates, or errors. These discrepancies could arise due to errors in recording transactions, posting errors, or customer disputes.

Reconciliation 52

Reconciliation Accounts Adjustments Correspondent 52

Nanonets

FEBRUARY 13, 2024

Enhanced Employee Satisfaction : When employees understand what and how they will be reimbursed, it leads to fewer disputes and a happier workplace. However, as the company grew, the CFO, Alex Morgan, noticed several issues: Duplicate Claims:  Employees occasionally submitted the same expense twice due to lack of proper tracking.

Compliance 52

Compliance Non-Bank Automation Duplicate 52

Nanonets

JUNE 19, 2024

This reduces the risk of errors, such as duplicate orders or incorrect quantities. This ensures that both parties have a mutual understanding of the terms and quantities agreed upon, reducing the chances of disputes.

Small Business 52

Small Business Automation Audit P2P 52

Nanonets

JUNE 27, 2023

Additionally, manual processing increases the risk of errors, leading to invoice discrepancies, payment disputes, and time-consuming reconciliation processes. It performs checks for duplicate invoices, missing information, and compliance with predefined rules.

Process 52

Process Automation Electronic Funds Transfer (EFT) Volume 52