Chargebee

MAY 23, 2024

An unplanned migration process can lead to data duplication, inaccurate revenue reporting, and business downtime – all affecting the incredible subscriber experience you want to deliver to your customers. Selecting a new billing system can feel like running ten miles in a marathon only to find 32 more miles to go.

Best Practices 76

Best Practices Duplicate Process 76

PYMNTS

JANUARY 19, 2018

Wells Fargo has fixed a glitch that caused online bill payments to be processed twice, infuriating customers who had their accounts inadvertently overdrawn. “On On January 17, an internal processing error caused temporary double posting of some items, impacting some customers.

Duplicate 40

Duplicate Enrollments Debit Card Payments 40

Nanonets

NOVEMBER 12, 2024

Record Already Exists Description: This error means NetSuite thinks there’s already a similar record in the system, which it sees as a potential duplicate. Workflows Where This Can Occur: Sales Transactions: When importing many sales orders , each transaction needs a unique identifier to avoid duplicates.

Multi-Currency 52

Multi-Currency Error Resolution Duplicate Checks 52

Fintech News

SEPTEMBER 9, 2024

However, executives believe this integration could also lead to the elimination of some duplicate back-office roles, further enhancing efficiency. The potential merger could create a combined unit with approximately 92,125 employees. billion.

Duplicate 131

Duplicate Continuity FinTech Posting 131

Chargebee

MAY 24, 2024

An unplanned migration process can lead to data duplication, inaccurate revenue reporting, and business downtime – all affecting the incredible subscriber experience you want to deliver to your customers. Selecting a new billing system can feel like running ten miles in a marathon only to find 32 more miles to go.

Best Practices 52

Best Practices Duplicate Process 52

Payments Source

AUGUST 14, 2019

Were the Fed to develop its own payments platform, it would be expensive, duplicative, inefficient, and curtail development of real-time services, argues the National Taxpayers Union's Thomas Aiello.

Fed 117

Fed Faster Payments Duplicate Payments 117

The Paypers

MARCH 29, 2024

Lithuania-based regtech company iDenfy has announced that it entered a collaboration with FTMO , aiming to simplify the latter’s onboarding process and prevent duplicate accounts.

Duplicate 41

Duplicate Accounts Process 41

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 Fintech Times

FEBRUARY 14, 2024

Duplicate and fraudulent invoice detection : AI engines can identify potential duplicate invoices or invoices with unusual amounts and flag them for review. Supplier identification: Occasionally, suppliers are duplicated in the company’s master data source.

Automation 103

Automation Process Duplicate Compliance 103

Fintech Finance

NOVEMBER 19, 2024

From unauthorised transactions to duplicate charges or service issues, cardholder disputes can swiftly become time- and cost-intensive for back-office teams, especially during peak periods like Black Friday and Cyber Monday, when transaction volumes spike.

Disputes 69

Disputes Consumer Protection Duplicate Transactions 69

Payments Source

FEBRUARY 13, 2020

It can be hard to spot insider fraud, duplicate invoices and service glitches by hand, says says AppZen's Anant Kale.

Duplicate 97

Duplicate ISOs Process Payments 97

Fi911

JULY 19, 2024

No Authorization Processing Errors These reason codes cover errors made during the processing of a transaction, such as duplicate charges, incorrect amount charged, or incorrect currency conversion. Duplicate Processing 12.6.2: Card Recovery Bulletin 11.2: Declined Authorization 11.3: Incorrect Transaction Code 12.3:

Disputes 88

Disputes Duplicate Non-Bank Authorization 88

The Paypers

OCTOBER 3, 2023

to provide financial institutions the ability to detect and prevent duplicate financing fraud. Fintech MonetaGo has planned to integrate with Tesselate ’s hive.t

Fraud Detection 36

Fraud Detection Finance Duplicate FinTech 36

VISTA InfoSec

MARCH 28, 2024

Regular data cleaning processes should also be in place to identify and correct inaccuracies or remove duplicate records. This could be through an online account management portal or direct contact with customer service.

Data Breach 278

Data Breach Regulatory Compliance Breach Encryption 278

Payments Source

JANUARY 12, 2021

Now it's time for regulators to further ease anti-money-laundering reporting requirements by freeing them from filing duplicative or unnecessary suspicious activity reports. Congress acted first when it freed financial firms from having to disclose the beneficial owners of commercial clients.

SARS 65

SARS Money Laundering AML Duplicate 65

Payments Source

MARCH 3, 2020

Duplicates can take many different forms and can be difficult to find in a manual review process, says AppZen's Josephine McCann.

Duplicate 74

Duplicate B2B AI Process 74

Nanonets

FEBRUARY 19, 2024

Data Entry Mistakes : Misentries, such as duplicating transactions or inaccurately recording vendor details, can misalign your books. Avoiding Duplicate Payments : Duplicate payments to suppliers can occur, particularly with changes in team members or insufficient invoice processing protocols.

Reconciliation 52

Reconciliation Duplicate Adjustments Transactions 52

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

PYMNTS

AUGUST 13, 2020

Now, the expansion will let users access the benefits of Ramp’s ability to do away with duplicate and other needless expenses, which can help to cut down on expenses overall, the company says. That tightens the loop between spend and expense management, the release says, and can save customers around five days each month.

Duplicate 85

Duplicate Commercial Card Finance Product 85

The Paypers

OCTOBER 27, 2022

Financial messaging system SWIFT has made steps in fighting fraud and duplicate financing with the launch of Trade Financing Validation Service provided by MonetaGo.

SWIFT 36

SWIFT Finance Duplicate Service Provider 36

Payments Source

AUGUST 20, 2018

Because the legal cannabis industry is typically considered too high-risk for most banks and payment processors to work with, most technology solutions are designed to duplicate the familiar process of paying by card.

Legal 73

Legal Duplicate Processors Risk 73

Neopay

NOVEMBER 15, 2024

Streamlining Regulatory Requirements : The Chancellor highlighted that some regulatory requirements are duplicative and could be streamlined. The Treasury, the FCA and the PRA will shortly publish the outcomes of a review including a commitment to consult on removing the current Certification Regime from legislation.

Treasury 52

Treasury Duplicate Regulations Governance 52

Nanonets

MARCH 15, 2024

Tyical bottlenecks that are reported by accounting teams are activities like: Invoice coding General Ledger (GL) mapping Payment Details Verification (to check for fraud) Duplicate Detection There is a very clear underlying theme here - manual data entry and verification is what causes these tasks to be tedious and time-consuming.

Automation 59

Automation AI Accounts Duplicate 59

VISTA InfoSec

OCTOBER 20, 2023

Set up backup and recovery procedures: Develop protocols for duplicating and restoring ePHI data during data loss events. Implement Redundancy: Maintain duplicate systems or data to fall back on in case of a failure. Off-site backups : Store backups at a location separate from the primary site, such as on DVDs, CDs, or cloud storage.

Disaster Recovery 130

Disaster Recovery Regulatory Compliance Procedures Duplicate 130

The Paypers

SEPTEMBER 12, 2022

Standard Chartered has completed a pilot testing of the Trade Financing Validation Service provided by MonetaGo over SWIFT , to mitigate the risks of duplicate trade finance fraud on a global scale.

Finance 36

Finance Duplicate SWIFT Mitigation 36

Nanonets

NOVEMBER 16, 2023

They should align with the goods or services received and must not be duplicates of invoices that were already processed.   Duplicate Invoice or Payment Audit The final is to verify that the payment hasn’t already been sent to a vendor for the line items on the invoice. Matching should be done before authorizing payment. 

Accounts 52

Accounts Best Practices Duplicate Checks 52

Payments Source

OCTOBER 19, 2016

But lately, stores are realizing that they don't want to duplicate Starbucks' success. For years, retailers have looked upon Starbucks' mobile payment app — which is used for more than a fifth of its U.S. in-store payments — with envy.

Duplicate 96

Duplicate Mobile Payments Payments Acquirers 96

Payments Source

JULY 11, 2018

Since Amazon Go's announcement, there has been a rush to duplicate the company's cashierless store concept without the same level of tech investment. The latest competitors are focused on the cameras that identify items as consumers take them off of the shelves.

Duplicate 64

Duplicate Consumer Mobile Payments Digital Payments 64

PYMNTS

MARCH 22, 2020

The numbers, according to the documents, often included fake or duplicate accounts, thereby inflating the actual effect the ads would have. According to Facebook’s own numbers, duplicate accounts represented around 11 percent of the 2.5 billion active users per month at the end of last year.

Duplicate 56

Duplicate Bots Scams Accounts 56

Nanonets

SEPTEMBER 1, 2023

Typical bottlenecks that are reported by AP teams are activities like: Invoice coding General Ledger (GL) mapping Payment Details Verification (to check for fraud) Duplicate Detection There is a very clear underlying theme here - manual data entry and verification are what causes these tasks to be tedious and time-consuming.

Automation 52

Automation AI Accounts Duplicate 52

Fi911

MAY 22, 2024

Duplicate Charges : If a payer is charged more than once for the same transaction, the duplicates can be reversed. Some of the most common issues that result in a reversed payment include: Fraudulent Transactions : When a transaction is flagged as potentially fraudulent, it may be reversed to protect the payer.

Payer 89

Payer Address Verification System (AVS) Disputes Payee 89

Payments Source

OCTOBER 20, 2016

Stores are realizing that they don't want to duplicate Starbucks' success.

Duplicate 98

Duplicate Credit Cards Mobile Payments Payments 98

FloQast

JUNE 12, 2024

“With FloQast, everyone on our team, including our financial statement auditors, knows where to go for information, and it eliminates the duplication of efforts,” concluded Kayli. The post How Curis Streamlined Their Close, Strengthened Compliance, and Saved Six Figures With FloQast appeared first on FloQast.

Compliance 104

Compliance Close Processes Audit Automation 104

Nanonets

JUNE 7, 2023

Tyical bottlenecks that are reported by AP teams are activities like: Invoice coding General Ledger (GL) mapping Payment Details Verification (to check for fraud) Duplicate Detection There is a very clear underlying theme here - manual data entry and verification is what causes these tasks to be tedious and time-consuming.

Automation 52

Automation AI Accounts Duplicate 52

The Paypers

JUNE 20, 2022

The Association of Banks in Singapore (ABS) has selected MonetaGo to deliver the Trade Finance Registry (TFR), an interoperable industry utility that bridges information silos between banks to combat duplicate financing fraud.

Duplicate 31

Duplicate Finance Interoperability 31

Fintech Review

FEBRUARY 27, 2024

Cost-to-Duplicate The cost-to-duplicate approach evaluates what it would cost to build another startup with the same product or service from scratch. This method focuses on tangible assets and the direct costs associated with developing the fintech startup’s technology and offerings.

FinTech 105

FinTech Duplicate Assessments Innovation 105

PYMNTS

DECEMBER 15, 2020

According to Melissa ’s research, the average corporation’s customer list contains about 8 to 10 percent of duplicate data. In fact, Walker said the problem is so common that he makes a hobby of collecting the duplicate mail and catalogs that he personally receives under various iterations of his name or address.

Addressing 73

Addressing Returns Duplicate Verification 73