Stax

MARCH 27, 2025

ACH Credit or direct deposit refers to when the payer pushes funds into the recipients bank account or credit union account. Plus, you can reverse or cancel ACH payments in cases of fraudulent transactions or duplicate payments. Payment control Scheduling of both payer-initiated and payee-initiated transactions can be done through ACH.

ACH 88

ACH Electronic Funds Transfer (EFT) Wire Transfer Wires 88

Fi911

MAY 22, 2024

A payment reversal is the process through which funds from a transaction are returned to the payer’s account. When a payment reversal occurs, the transaction is effectively undone, meaning that the payee loses the funds that were initially transferred, and the payer regains their money. What is a Chargeback?

Payer 92

Payer Address Verification System (AVS) Disputes Payee 92

PYMNTS

SEPTEMBER 15, 2016

14) said BlockCypher can now facilitate near-instant cross-border payments for corporate payers. ” Among its APIs offered include Webhook API, which identifies fraud or duplicate attempts to send a payment; Transaction API, to create transactions; and Ethereum APIs, to support smart contracts. Reports on Wednesday (Sept.

Blockchain 76

Blockchain Cross-Border Payments Cross-Border API 76

PYMNTS

APRIL 6, 2018

The record trail is far-flung and often duplicative. Mike Jacobs, senior distinguished engineer with Optum, said that “as this information changes, it often takes several calls and emails from the payers to verify the updated data.

Blockchain 72

Blockchain Duplicate Payer Reconciliation 72

PYMNTS

SEPTEMBER 24, 2018

He noted that 63 percent of organizations report duplicate invoices, and that in addition to inefficiencies tied to paper-based processes, as many as 15 employees are “tied up” by dealing with invoices. In other findings, about 70 percent of those surveyed want legislation enacted that would mandate compensation from late payers.

Duplicate 48

Duplicate Payments Governance Government 48

Stax

NOVEMBER 11, 2024

Not only does this pass through more hands and take more time than an electronic ACH payment , but there is also a huge amount of personal information present on a paper check, exposing the payer to potential identity theft. NACHA also requires businesses to take responsibility for reversals in the event of errors or duplicate transactions.

ACH 88

ACH Checks Identity Theft Payments 88

Nanonets

JUNE 17, 2023

For example, timing differences, such as outstanding checks deducted from a payer's GL cash balance but not yet deposited into the recipient's bank, can cause the bank balance to appear higher than the GL balance. This difference will persist until the funds are withdrawn from the payer's account.

Reconciliation 52

Reconciliation Accounts Adjustments Credit Cards 52