The Payments Association

FEBRUARY 10, 2025

Virtual IBANs (vIBANs) have become a key component of modern payment systems, enhancing payment reconciliation and facilitating cross-border transactions. Payment Service Providers must strengthen due diligence, monitoring, and collaboration with regulators to address these risks.

IBAN 88

IBAN AML Master Account Due Diligence 88

Nanonets

APRIL 24, 2024

Payment reconciliation is the process of verifying all payment transactions.   As enterprises expand and transaction volumes escalate, the manual execution of payment reconciliation becomes increasingly laborious and susceptible to errors. Herein lies the transformative potential of payment reconciliation software. 

Payment Reconciliation 52

Payment Reconciliation Reconciliation Payments Audit 52

EBizCharge

JUNE 25, 2024

Invoice reconciliation is vital to any company’s infrastructure since it safeguards cash flow and financial integrity. This article will explore invoice reconciliation to help you better understand how it works, its associated benefits, and strategies for speeding up this process. What is invoice reconciliation?

Reconciliation 52

Reconciliation Automation Correspondent Transactions 52

Nanonets

JULY 24, 2023

Finance reconciliation plays a pivotal role in ensuring the reliability and accuracy of a business's financial records.   Financial reconciliation is a recurring process that encompasses various sources of financial information within a business. What is finance reconciliation?

Reconciliation 52

Reconciliation Finance Duplicate Accounts 52

Nanonets

APRIL 23, 2024

A Guide to NetSuite Account Reconciliation Accurate financial records are an important part of any business’ ability to make informed decisions and also adhere to legal regulations. What Is Account Reconciliation? 

Reconciliation 52

Reconciliation Accounts Multi-Currency Audit 52

Nanonets

FEBRUARY 6, 2024

Intercompany reconciliation is specific to companies with multiple subsidiaries under the same parent group. This article provides the most comprehensive guide to intercompany reconciliation and how automation can help you save time & cost! Reconciliation helps remove duplicate entries and rectify errors.

Reconciliation 52

Reconciliation Adjustments Automation Transactions 52

Nanonets

JANUARY 8, 2024

Bank Reconciliation is the process of matching the company's cash books to the bank statement. Reconciliation includes matching the company’s balance sheet, income statement, bank statements, and expenses. Bank reconciliation is crucial for identifying and minimizing such losses.In How to do Bank Reconciliation?

Reconciliation 52

Reconciliation Accounts Adjustments Checks 52

Nanonets

APRIL 24, 2024

Audit Bank Reconciliation Guide  Both internal and external accounting audits are essential parts of financial management as well as organizational risk management. A bank reconciliation audit is one such process that helps in identifying financial gaps or discrepancies. Looking out for a Reconciliation Software?

Reconciliation 52

Reconciliation Audit Procedures Correspondent 52

Nanonets

FEBRUARY 28, 2024

What is Data Reconciliation? Data reconciliation is an essential process that involves comparing multiple sets of data to identify and rectify discrepancies, ensuring data accuracy and consistency across various business operations. Why is Data Reconciliation important?

Reconciliation 52

Reconciliation Process Audit Compliance 52

Nanonets

JANUARY 8, 2024

Bank Reconciliation is the process of matching the company's cash books to the bank statement. Reconciliation includes matching the company’s balance sheet, income statement, bank statements, and expenses. Bank reconciliation is crucial for identifying and minimizing such losses.In How to do Bank Reconciliation?

Reconciliation 52

Reconciliation Process Adjustments Checks 52

Nanonets

APRIL 1, 2024

Introduction In both personal and business finance, the management of outstanding checks and thorough bank reconciliation practices are important for maintaining financial hygiene. Looking out for a Reconciliation Software? Neglecting them can result in fees, credit damage, and legal consequences. What is Bank Reconciliation?

Reconciliation 52

Reconciliation Checks Automation Process 52

Nanonets

JUNE 22, 2023

One important aspect of financial management is invoice reconciliation. In this comprehensive guide, we’ll delve into invoice reconciliation, its importance to businesses, the step-by-step process to achieving it, and how automation can streamline it. What is invoice reconciliation? billion in 2023 to $3.40

Reconciliation 52

Reconciliation Audit Automation Correspondent 52

The Fintech Times

FEBRUARY 27, 2025

“First, there are legal and document intelligence tools that can speed up diligence processes, negotiate standard and compliant terms, and reduce human error. In other words, its easy to envision how you can teach computers to assist with them. “Second is procurement and vendor management.

AI 76

AI FinTech Fraud Detection Automation 76

EBizCharge

MARCH 3, 2025

In addition to automation, reporting and reconciliation are important features in Acumatica credit card processing. Reporting and reconciliation in Acumatica Understanding reporting and reconciliation in Acumatica is crucial since it helps businesses maintain financial record accuracy and reliability.

Credit Cards 52

Credit Cards Process Payment Gateways Payment APIs and Integration 52

EBizCharge

FEBRUARY 26, 2025

Optimize payment reconciliation and reporting Automating reconciliation in NetSuite enhances financial accuracy and efficiency by reducing manual intervention. NetSuites automated reconciliation feature matches payments with bank transactions, ensuring seamless financial tracking and minimizing discrepancies.

Credit Cards 52

Credit Cards Process Payment APIs and Integration Payment Gateways 52

Finovate

JUNE 18, 2024

Reconciliation and reporting services provider Kani Payments has partnered with issuer processor CLOWD9. CLOWD9 will leverage Kani Payments’ platform to power its data reporting and reconciliation capabilities. Reconciliation and reporting services provider Kani Payments has inked a partnership with CLOWD9.

Reconciliation 59

Reconciliation Processors Payments Issuers 59

Fintech Finance

AUGUST 23, 2024

Headquartered in London, SetldPay works with both major card schemes Visa & Mastercard and two issuers, to ensure a broad range of expertise and choice in product, compliance/legals and geography. From the research we did, it was the most technologically advanced solution in the market, said Co-Founder and CEO Stuart Green.

Issuers 98

Issuers Process Reconciliation AML 98

Finovate

FEBRUARY 21, 2024

Reconciliation and reporting platform Kani Payments has forged a strategic partnership with core banking platform Pismo. based reconciliation and reporting platform Kani has forged a strategic partnership with Pismo, an issuer processor and core banking platform headquartered in Brazil.

Reconciliation 69

Reconciliation Payments APACS Automation 69

The Payments Association

OCTOBER 11, 2024

The proposals will impact authorised payment institutions, e-money institutions, and other relevant firms, with a broader interest for consumers, insolvency practitioners, and legal professionals.

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

Fintech Finance

NOVEMBER 18, 2024

Vijay Ray concludes: “The introduction of a statutory trust over funds is the most significant change, designed to address the legal uncertainty that has plagued the payment services sector for years. A key change that will follow will be the introduction of a statutory trust over funds.

Consulting 97

Consulting Payments Regulations Procedures 97

The Fintech Times

JULY 29, 2024

DLD boasts capable and qualified legal specialists to manage settlements between parties. Through Oqoodi, DLD has managed to settle disputes worth more than AED 1.38 billion in H1’24, showcasing the safe and reliable ability of DLD to document agreements.

Settlement 59

Settlement Disputes Legal Support Legal 59

The Payments Association

OCTOBER 23, 2024

Enhanced reconciliation, audit, and reporting requirements will create additional administrative burdens and could increase the risk of supervisory and enforcement action. Firms must determine why reconciliations identify discrepancies and notify the FCA of any material issues. What does this mean for Payments firms?

Rules 88

Rules Payments Institute Authorization Reconciliation 88

Finovate

SEPTEMBER 3, 2024

Wealth management and investing Legal & General chooses Moneyhub to power its Qualifying Pensions Dashboard Service. Regtech Kani Payments helps climate-focused fintech Zero streamline its reconciliation and reporting obligations.

FinTech 65

FinTech Alternative Payment Methods Embedded Finance Embedded Payments 65

Fi911

MARCH 14, 2024

The MID is instrumental in the efficient management of transaction data, fraud prevention, and the reconciliation of payments. The required documentation often includes: Business license or registration documents, proving the legality of the business. Can a Merchant Have Multiple MIDs? There are several compelling reasons for this.

Due Diligence 105

Due Diligence Processors Fraud Detection Money Laundering 105

The Payments Association

OCTOBER 22, 2024

Besides poor practice by firms and deficiencies in the current requirements, the FCA also considers considerable legal uncertainty following the Court of Appeal judgment in Ipagoo LLP [2022] EWCA Civ 302 regarding the legal status of Relevant Funds on insolvency.

Consulting 88

Consulting Rules Treasury Due Diligence 88

PYMNTS

OCTOBER 19, 2016

” And that’s a good thing, with innovation automating data entry and reconciliation, empowering SMEs to gain the potential in cash flow forecasting without the burden of taking on an overbearingly complex tool. “On the contrary,” he said, “it’s going to make it less sophisticated.” ” .

Payment Gateways 77

Payment Gateways Gateways Small Business Reconciliation 77

EBizCharge

NOVEMBER 27, 2024

Internet merchant accounts also simplify reconciliation by providing detailed transaction records, which help manage cash flow more effectively. A valid business license proves that your business is legally registered, while a bank account establishes your business checkout account where funds can be deposited.

Accounts 52

Accounts Payment Gateways Gateways Payment APIs and Integration 52

The Fintech Times

JULY 15, 2024

In this article, Akshata Namjoshi, Kabir Kuma, and Ahlam Faouzi from KARM Legal Consultants , the emerging technologies-focused law firm, provide an in-depth analysis of the UAE’s regulatory landscape for stablecoins. DIFC VASPs in DIFC are regulated by the DFSA, which introduced its crypto token regime on 1 November 2022.

Stablecoins 96

Stablecoins Regulations Multi-Currency Issuers 96

PYMNTS

APRIL 17, 2020

Increasingly, accounting platforms are exploring how looping into business clients’ bank data can streamline data collection, reconciliation and analytics. But in a recent interview with PYMNTS, Vaccino dove into some of the unexpected ways open banking has disrupted the business financial services market for the better.

Innovation 83

Innovation Payment APIs and Integration Use Case Reconciliation 83

PYMNTS

OCTOBER 1, 2020

The benefits of automating this process include reduced overhead, a streamlined payment reconciliation process and a shortened payment cycle for the payee. Drilling down a bit, he said there is a particular opportunity in legal and professional services, where the market is worth $1.4

Embedded Payments 56

Embedded Payments B2B Payments Legal 56

Nanonets

APRIL 3, 2024

Bank Reconciliation: They reconcile bank statements with the company's financial records to ensure consistency and identify discrepancies. It leverages cloud-based accounting software and automation to streamline tasks such as data entry, reconciliation, and reporting without needing a physical presence in the client's office.

Automation 74

Automation Payment APIs and Integration Reconciliation Financial Analysis 74

Stax

MARCH 18, 2025

They require manual entry or separate reconciliation. If legally allowed, you can surcharge credit card payments and pass some fees to your customers to offset costs. Theyre also often limited to specific platforms and switching providers can be difficult. The transactions are processed separately from other systems.

Process 88

Process Payment APIs and Integration Processors Online and Mobile Banking 88

Neopay

AUGUST 5, 2024

Furthermore, procedures for reporting safeguarding issues and understanding the legal and regulatory implications of non-compliance should be part of the training. This involves identifying and mitigating risks associated with safeguarding and understanding potential threats and vulnerabilities to client assets and data.

Compliance 52

Compliance Procedures Audit Risk Management 52

Finovate

AUGUST 15, 2024

Credit grantors, loan servicers, billing agencies, collections agencies, hospitals, government taxing authorities, legal collections firms, debt buyers, banks, and credit unions. GPTadvisor GPTadvisor is the assistant for wealth managers. Banks and companies launching fintech or embedded banking products.

Deepfake 59

Deepfake Credit Union Payment APIs and Integration AI 59

Nanonets

SEPTEMBER 25, 2024

  Bank statement processing is essential for accurate reconciliation , auditing, and financial reporting. Reconciliation This step involves matching the extracted data with the company’s internal records. Fully automate the reconciliation process , including import and data matching. general ledgers ).

Process 52

Process AI Best Practices Reconciliation 52

PYMNTS

NOVEMBER 12, 2018

In addition, legal advisor firms Linklaters and Herbert Smith Freehills were given access to the system so that all parties could instantly exchange information. That’s very relevant for our clients because they could begin streamlining their reconciliation systems.”.

Blockchain 52

Blockchain Cross-Border Payments Cross-Border Reconciliation 52

PYMNTS

OCTOBER 8, 2018

The tool would target businesses’ inter-company transactions for streamlined payments, bookkeeping and reconciliation. Banking Tech reports on Monday (Oct. 8) said business payments FinTech firm Haball is collaborating with electronic trading platform 1Link and Meezan Bank to develop a digital B2B payments solution.

B2B 51

B2B Money Laundering Payments Non-Bank 51