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72 Features to Look for in the Best Small Business (SMB) Digital Bank Account

Fintech Labs Insights

Wire/real-time transfers*. Positive pay for all items. Expedited dispute resolution*. Bill payment*. Two-factor authentication. Immediate funds availability (with limits). Customizable alerts. Downloadable transactions (common file formats). Fraud transaction scans. Mobile app. Mobile deposit capture. Debit card.

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Payment Automation: The Future of Business Transactions

Nanonets

At the business level, payment automation involves using software tools to manage and complete the process of paying vendors. This includes approving payments, sending them through different payment methods such as ACH transfers, checks, wires, and virtual card payments. Categorizing and coding transactions based on business rules.