Stax

NOVEMBER 11, 2024

in payment volume growth in Q4 2021. NACHA also requires businesses to take responsibility for reversals in the event of errors or duplicate transactions. Regulation E also provides consumers with dispute and error resolution rights. In fact, NACHA, the nonprofit that governs the ACH payments network reported 6.1%

ACH 88

ACH Checks Identity Theft Payments 88

Nanonets

MARCH 30, 2023

Benefits of Payment Automation Here are some of the primary benefits of payment automation: Prompt payments Automated payment solutions can promote prompt payment for businesses with all levels of transaction volumes. Some technology providers guarantee accuracy.

Automation 52

Automation Transactions Wire Transfer ACH 52

Nanonets

JUNE 18, 2024

Difficulty in error resolution: Without a properly documented and structured reconciliation process in place, it can be very difficult to resolve errors effectively. This would mean greater resource requirements and an increase in the probability of human manual errors.

Reconciliation 52

Reconciliation Accounts Automation Credit Cards 52

Nanonets

OCTOBER 1, 2024

The aim is to ensure accuracy and prevent errors or fraud before payment processing. Graph comparing invoice error resolution time between top and bottom performers| Source Invoice validation is a complex process that can be hindered by various challenges. After a major acquisition, their invoice volume suddenly triples.

Best Practices 40

Best Practices Automation Multi-Currency Process 40