EBizCharge

JUNE 19, 2024

Remittance advice is critical in financial management for any AR team. Its importance is grounded in several crucial functions: it ensures that payments are accounted for correctly, simplifies the reconciliation process, and helps maintain a precise and updated receivable balance in the company’s ledger.

Payer 52

Payer Reconciliation Correspondent Disputes 52

PYMNTS

NOVEMBER 19, 2020

That includes advancements in Canada's upcoming Real-Time Rail, as well as adoption by Transcard of Mastercard's Track Business Payment Service to facilitate real-time, account-to-account transfers for businesses. One blockchain company that is wielding the technology to facilitate the movement of funds is BitPay.

B2B 104

B2B Blockchain Real Time Gross Settlement (RTGS) Real Time Payments 104

PYMNTS

OCTOBER 26, 2018

For corporates, it’s the remittance detail of a transaction that supports settlement, reconciliation and enhanced data analytics for CFOs and treasurers to gain better insight and visibility into corporate finances. In corporate banking and payments, the challenges that arise can be vast.

Remittance Data 60

Remittance Data ACH Request for Information RTP 60

PYMNTS

MAY 7, 2020

Remittance data is one of the strongest factors driving suppliers’ continued preference for checks, Reed explained, so any technology that aims to digitize payment cannot afford to ignore its importance. But addressing payee needs is just as critical to easing the digital migration.

Checks 67

Checks B2B Payment APIs and Integration Remote Deposit Capture 67

PYMNTS

JUNE 22, 2016

. “The root of these inefficiencies is that businesses rely on paper for most of their orders and invoicing, and they receive customer remittance data in inconvenient formats, such as paper, email or fax, that must be rekeyed for reconciliation,” IOFM explained.

Automation 42

Automation Accounts Payments Disputes 42

PYMNTS

JULY 21, 2017

Suppliers appear to be working towards facilitating their customers’ payment habits, with 50 percent reporting they have focused on accepting cards in an effort to improve the timeliness of customer payments. Only 7 percent say they like to get paid via card. “But a lot of suppliers are what we consider old school. .

Checks 47

Checks ACH Payments Same Day ACH 47

Fintech Finance

JULY 10, 2024

The Medical Tourism Association will utilize Mastercard’s commercial virtual card technology to go beyond arranging treatments to also facilitating fast and secure payments with healthcare providers. These include increased security, robust controls, and real-time remittance data for more efficient reconciliation.

Cross-Border 97

Cross-Border Visa Wire Transfer Accreditation 97