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

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

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

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

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

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

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 79

Disputes Duplicate Non-Bank Authorization 79

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 249

Data Breach Regulatory Compliance Breach Compliance 249

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

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

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

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

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

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

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

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

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

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

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

Clearly Payments

AUGUST 6, 2024

Processing Errors: Making up 15% of chargebacks, these involve errors such as incorrect amounts or duplicate charges. Processing Errors: Errors in processing the transaction, such as incorrect amounts or duplicate charges. Product or Service Issues: Disputes over the quality or delivery of products or services.

Disputes 105

Disputes Visa Issuers Duplicate 105

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

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

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

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 79

Payer Address Verification System (AVS) Disputes Payee 79

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

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

The Fintech Times

MAY 2, 2024

This approach prevents the duplication of credits and ensures clear transparency. Tracking emissions and tackling greenwashing Fils also explained that its infrastructure employs blockchain technology to accurately track emissions and carbon credits – a technique that hopes to help eradicate greenwashing.

TPS 69

TPS Card Issuer Duplicate Blockchain 69

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

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

Fintech Finance

APRIL 22, 2024

In 2023, Basware identified 10,800 incorrect payments made by companies for supplier invoices due to duplicate payments and fraud. This recovered the value of $191m from a spend of $245bn. On average, this prevented up to $1m in losses for $1bn spent by a company.

Fraud Prevention 52

Fraud Prevention Duplicate Automation Scams 52

Fi911

AUGUST 7, 2024

We’ve outlined these below: Authorization-Related Chargebacks 4808 — Warning Bulletin File 4808 — Authorization-Related Chargeback 4808 — Account Number Not on File 4808 — Required Authorization Not Obtained 4808 — Expired Chargeback Protection Period 4808 — Multiple Authorization Requests 4808 — Cardholder-Activated Terminal (CAT) 3 Device 4834 (..)

Visa 82

Visa Disputes Authorization CHIPS 82

PYMNTS

NOVEMBER 23, 2020

As to the fraud itself: There are the counterfeit COVID checks, and there are duplicate deposits where checks are cashed multiple times. Edwards contended that it takes a while for the government to return them and for banks to uncover who is liable for duplicates.

Mobile Deposit 101

Mobile Deposit Checks Technology Duplicate 101

PYMNTS

OCTOBER 14, 2020

million was possibly duplicate payments. The SBA's inspector general, according to Bloomberg, said it had identified over $250 million possibly given to ineligible recipients for the program, and another $45.6 The bank was questioned over its handling of Paycheck Protection Program (PPP) loans by both federal and state officials.

Law Enforcement 112

Law Enforcement Duplicate Small Business Laws 112

Fi911

AUGUST 28, 2024

We’ve outlined these below: Cardholder Dispute AA — Cardholder Does Not Recognize AP — Canceled Recurring Transaction AW — Altered Amount CD — Credit Posted as Card Sale DP — Duplicate Processing IC — Illegible Sales Data NF — Non-Receipt of Cash from ATM PM — Paid by Other Means RG — Non-Receipt of Goods or Services RM — Quality Discrepancy RN2 — (..)

Disputes 52

Disputes Non-Bank CHIPS Authorization 52

PYMNTS

MAY 16, 2020

The company said that the system “may record bank note serial numbers and denominations to prevent duplicate bank notes, [and] may ensure transaction security by storing transaction signing private keys on a chip or mobile device Secure Element (when available). Embodiments may also allow for user anonymity.”.

Governance 128

Governance Government Blockchain Request for Comment 128

Payment Savvy

JANUARY 26, 2022

Duplicate Detection. The module may be used to identify and eliminate duplicate transactions. Payment gateways often keep a list of known malicious/stolen credit card numbers. To deny cards on your gateway’s list, enable the option. It’s frequently utilized to prevent double charges in shopping carts. Email Blocker.

Risk 52

Risk Accounts Security Duplicate 52