Clearly Payments

NOVEMBER 10, 2023

Reconciliation is the process of matching financial records to ensure they align correctly. Credit card statements, with their detailed transaction records, simplify the reconciliation process. Conduct Regular Reconciliation Prioritize regular reconciliation of credit card statements, ideally on a daily or weekly basis.

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Nanonets

APRIL 3, 2024

Guide to the Vendor Account Reconciliation Process Running a business involves collaboration with various vendors who provide different kinds of products and services. Vendor reconciliation , a crucial part of this process, involves scrutinizing purchase-related documents to ensure accuracy in all vendor transactions.

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Nanonets

JANUARY 31, 2024

Month-end reconciliation is the most important part of the month-end close process. This can be streamlined by preparing a checklist, applying best practices, and automating tasks using reconciliation software. Here is how you can do monthly reconciliation. How to do monthly account reconciliation?

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Nanonets

JANUARY 8, 2024

Bank Reconciliation is the process of matching the company's cash books to the bank statement. Reconciliation includes matching the company’s balance sheet, income statement, bank statements, and expenses. Bank reconciliation is crucial for identifying and minimizing such losses.In How to do Bank Reconciliation?

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Nanonets

FEBRUARY 6, 2024

Intercompany reconciliation is specific to companies with multiple subsidiaries under the same parent group. This article provides the most comprehensive guide to intercompany reconciliation and how automation can help you save time & cost! Reconciliation helps remove duplicate entries and rectify errors.

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Clearly Payments

MARCH 14, 2025

Stage 4: Chargebacks and Dispute Resolution If a cardholder disputes a transaction, a chargeback process may be initiated: The cardholder contacts their issuing bank to dispute the charge. The merchant is notified and can provide evidence to refute the dispute.

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Nanonets

JANUARY 8, 2024

Bank Reconciliation is the process of matching the company's cash books to the bank statement. Reconciliation includes matching the company’s balance sheet, income statement, bank statements, and expenses. Bank reconciliation is crucial for identifying and minimizing such losses.In How to do Bank Reconciliation?

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Nanonets

JANUARY 14, 2024

Bank reconciliation is the process of matching the company’s cash ledger with the bank statements. These discrepancies must be accounted for in a bank reconciliation statement to represent the current financial position accurately. What Is a Bank Reconciliation Statement? The bank lost or misplaced your check for $2000.

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NFCW

JANUARY 10, 2024

” The platform also streamlines reporting “and eradicates the need for time-consuming back-office reconciliation because it eliminates multiple expense reports from drivers.” ExxonMobil to rollout contactless in-vehicle payments at the pump for fleet owners was written by Sarah Clark and published by NFCW.

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Nanonets

JUNE 22, 2023

One important aspect of financial management is invoice reconciliation. In this comprehensive guide, we’ll delve into invoice reconciliation, its importance to businesses, the step-by-step process to achieving it, and how automation can streamline it. What is invoice reconciliation? billion in 2023 to $3.40

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EBizCharge

MARCH 3, 2025

In addition to automation, reporting and reconciliation are important features in Acumatica credit card processing. Reporting and reconciliation in Acumatica Understanding reporting and reconciliation in Acumatica is crucial since it helps businesses maintain financial record accuracy and reliability.

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Stax

MARCH 18, 2025

They require manual entry or separate reconciliation. Also, evaluate the providers dispute and chargeback resolution speed. They also have chargeback prevention and dispute management tools to resolve issues before they escalate. Theyre also often limited to specific platforms and switching providers can be difficult.

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PYMNTS

DECEMBER 29, 2020

You have invoice aggregation, multiple account numbers with vendors, short payments, disputes and credit memos.". APIs have similarly become valuable tools to automate reconciliation and accounting via interconnectivity between AR, AP and accounting systems. B2B payments are messier than B2C payments," said Chanda.

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The Fintech Times

MAY 8, 2024

SmartStream , the financial transaction lifecycle management (TLM) solution provider, has implemented its TLM reconciliations premium digital payments control solution at AYA Bank , a Myanmar-based banking institution. “In doing so, we not only achieved the expected results but also cultivated a strong, trust-based partnership.

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PYMNTS

FEBRUARY 19, 2018

Travel booking company Webjet , based in Australia, has launched a blockchain solution for the hotel industry to manage reconciliation in hotel distribution. Webjet said it estimates as much as 5 percent of hotel bookings involve a disputed invoice between parties.

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The Fintech Times

JULY 29, 2024

Ensuring property disputes can be sorted quickly and peacefully is an extremely important aspect of ensuring booming ecosystems can continue to thrive. In light of this, Dubai Land Department (DLD) has successfully completed 647 real estate settlements using Oqoodi, the digital platform navigating land and property disputes.

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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. Meanwhile, reliance on paper-based processes and inadequate statement reconciliation leaves teams exposed to errors, inefficiencies, and fraudulent activities.

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EBizCharge

MARCH 31, 2025

A top-tier MSP should offer 24/7 customer service, dedicated account managers, and fast response times to quickly resolve any technical problems or transaction disputes. A high-quality MSP provides real-time analytics, detailed transaction history, and automated reconciliation features to simplify accounting processes.

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PYMNTS

MARCH 18, 2020

As Biegel explained, a lack of data standardization across payment tools remains a challenge to the reconciliation and cash application process, even when that data is electronic. The lockbox offers an important step toward digitizing data in check transactions, which is key to reconciliation and cash application processes.

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EBizCharge

MARCH 18, 2025

Additionally, Sage 100 integrations provide automated reconciliation, ensuring that transactions are accurately matched to invoices and recorded in accounts receivable (AR) without manual effort.

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PYMNTS

JULY 3, 2020

s Open Banking Implementation Entity has a similar directive, but goes a step further by implementing a rule set regarding API security, messaging and dispute management processing in hopes of making every API in the country meet the same standards. Issuing invoices and processing B2B payments can be simplified through open banking.

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PYMNTS

MARCH 3, 2020

Late payments, invoice disputes and even fraud are all glaring red flags of AR inefficiencies and friction. In complex transactions, reconciliation friction is linked to the burden of ensuring contract agreements are adhered to and invoice line items are correct and resolving disputes. The Outsourcing Decision.

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Fintech Finance

MAY 7, 2024

SmartStream , the financial Transaction Lifecycle Management (TLM®) solutions provider, today announces the successful implementation of its TLM Reconciliations Premium Digital Payments Control solution at AYA Bank , Myanmar’s premier banking institution.

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Fintech Finance

SEPTEMBER 4, 2024

Visa A2A debuts in the UK in early 2025 and will give consumers a smarter, digital user experience, advanced security features, and an easy-to-use dispute resolution service that represents a significant upgrade to the current pay-by-bank experience and aims to help people get their money back if something goes wrong.

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Fintech News

JANUARY 30, 2024

One of the key functions of AI in this domain is its ability to match incoming payments with outstanding invoices, thereby automating payment reconciliation and significantly reducing manual efforts. AI also plays a crucial role in identifying potential payment delays, such as disputes, and facilitates proactive resolution.

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EBizCharge

NOVEMBER 27, 2024

Internet merchant accounts also simplify reconciliation by providing detailed transaction records, which help manage cash flow more effectively. Stay prepared to address chargebacks and disputes promptly to maintain smooth operations and protect your business.

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Accounts Payment Gateways Gateways Payment APIs and Integration 52

Clearly Payments

FEBRUARY 7, 2024

Chargeback Rate The chargeback rate measures the percentage of transactions that result in chargebacks, which occur when customers dispute a transaction with their card issuer. Monitoring chargeback rates helps merchants identify potential fraud or disputes and implement preventive measures to mitigate risks.

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EBizCharge

MARCH 20, 2025

Establishing a routine for monitoring transactions, reconciliations, and financial reports will also enable your business to maintain accuracy and sufficient payment security. To ensure a seamless adoption, train staff on how to process payments within Sage and equip them with troubleshooting knowledge for common issues.

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Payment Gateways Gateways Payment APIs and Integration Payments 52

EBizCharge

JUNE 4, 2024

Periodic reconciliations are conducted to align recorded payments with bank statements, ensuring financial accuracy and integrity. This translates into a quicker reconciliation process and faster closing of financial periods. How does Acumatica handle disputes and chargebacks?

Credit Cards 52

Credit Cards Process Payment Gateways Best Practices 52

The Fintech Times

SEPTEMBER 5, 2024

Digital payments giant Visa is set to debut ‘Visa A2A’ in the UK early next year, offering consumers an enhanced digital user experience, advanced security features, and an easy-to-use dispute resolution service that represents a significant upgrade to the existing pay-by-bank experience.

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Nanonets

JUNE 27, 2024

Reconciliation is a crucial accounting process that ensures the accuracy of the financial close process. Bank reconciliation is essential since it helps in the early detection of fraud, prevents financial statement errors during manual data entry, and provides a clearer picture of the company's finances.

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EBizCharge

JUNE 19, 2024

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. Remittance advice is critical in financial management for any AR team.

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M2P Fintech

DECEMBER 17, 2024

Self-service capabilities enable merchants to update information, manage payment options, and resolve disputes independently. This system supports multiple settlement cycles, automated dispute processing, and detailed reporting, enhancing overall merchant operations and financial management.

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PYMNTS

JUNE 22, 2018

For blockchain — for, in essence, a shift from analog to digital, which ensures that art and commerce is paid in a timely manner and that parties know who are, well, party to the actual contracts and are in agreement, with no room for dispute? Thus, no dispute on how well an album or song or likeness or game is selling.

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EBizCharge

MAY 13, 2024

Cash application can be automated by leveraging software solutions that streamline the reconciliation of incoming payments with outstanding invoices. Dispute management can be automated by implementing software solutions that streamline the resolution process for billing discrepancies or disputes.

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PayHawk

JUNE 9, 2023

These services include payment processing, fraud prevention, and dispute resolution. This can improve cash flow, reduce the risk of payment disputes, and provide greater financial stability. Efficient Reconciliation PayHawk automates the reconciliation process, reducing the risk of errors and saving businesses time and resources.

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PYMNTS

OCTOBER 31, 2017

Complicating the matter even further are scenarios in which there are exceptions or disputes, in which one electronic payment may be for multiple invoices, but there was a dispute on one of those invoices where full payment was not received. So, the electronic payment doesn’t match up against all five invoices.”. “In

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