Stax

NOVEMBER 11, 2024

ACH payments are more straightforward than how credit card processing works, both on the consumer-facing and business end. These transactions usually process within one to three business days and are most commonly used for payments such as direct deposits for payroll, recurring bill payments, and B2B invoice payments.

ACH 88

ACH Checks Identity Theft Payments 88

Global Fintech & Digital Assets

DECEMBER 21, 2023

The OCC outlines safety and soundness principles and appropriate risk management processes for its regulated institutions that engage in BNPL lending. By Arthur S. Some of the highlighted risks and risk management practices are as follows.

OCC 59

OCC BNPL Electronic Fund Transfer Act (EFTA) Federal Trade Commission 59

Nanonets

MAY 8, 2024

A Payment Service Provider (PSP) acts as an intermediary between merchants and the financial institutions involved in processing online transactions. Stripe is a PSP that offers a suite of services to streamline payment processing and enhance the online shopping experience.     What is Stripe Reconciliation?

Reconciliation 52

Reconciliation Settlement Alternative Payment Methods Automation 52

Nanonets

JUNE 18, 2024

Introduction to Account Reconciliation Account reconciliation is the critical process of comparing your general ledger with internal and external sources. Bank service fees, deposits in transit, outstanding checks, and interest rates must be factored into the reconciliation process.

Reconciliation 52

Reconciliation Accounts Automation Credit Cards 52

Nanonets

OCTOBER 1, 2024

"Let's just ensure that going forward, all the invoices are forwarded to Mr. X for validation before processing." Studies show that 25% of invoice errors slip through accounts payable processes undetected despite internal correction efforts. Documents essential to the validation process: 1.

Best Practices 52

Best Practices Automation Multi-Currency Process 52

Global Fintech & Digital Assets

OCTOBER 31, 2023

The DFAL provides a safe harbor for a Covered Exchange’s failure to achieve best execution for a given transaction if it has properly created, implemented, and monitored its best execution policies and procedures.

Laws 52

Laws Stablecoins Issuers Legal 52

Clearly Payments

FEBRUARY 8, 2024

It mandates disclosure of terms and conditions, error resolution procedures, and limits on consumer liability for unauthorized transactions. It covers disclosures, error resolution procedures, and limitations on consumer liability for unauthorized transfers.

Regulations 81

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 81