PYMNTS

APRIL 12, 2018

CTO Doug Hathaway explained that the startup’s payment lifecycle software does have support for a deduction process, but adding this automated collaboration piece will enable parties to easily and succinctly ask about payments discrepancies as soon as they’re observed. Say a company pays a vendor by check with a list of invoices.

Payer 46

Payer Accounts Payee Automation 46

Nanonets

OCTOBER 23, 2023

Each disbursement is documented with details such as the recipient, payment amount, purpose, date, and any relevant reference numbers. Types of Disbursement Disbursement is a form of payment made in cash or cash equivalents. The check serves as an order to the bank to pay a specific amount to the payee.

Electronic Funds Transfer (EFT) 52

Electronic Funds Transfer (EFT) Payer Payee Online and Mobile Banking 52

EBizCharge

JUNE 19, 2024

A typical piece of remittance advice includes several critical pieces of information for the recipient to identify and process the payment accurately. Remittance advice documents generally consist of the following; The name and contact details of the payer The remittance advice date Payment amount and currency Payment method (e.g.,

Payer 52

Payer Reconciliation Correspondent Disputes 52

Nanonets

SEPTEMBER 21, 2023

Here is a brief overview of the process: Initiation: The payment process begins with the creation of an electronic payment request by the payer. This request includes data such as the payment amount, payee information, and payment due date. ACH, wire transfer).

Payment Solutions 52

Payment Solutions Payee Payments Payer 52

Stax

MARCH 14, 2024

B2B businesses tend to have longer payment terms with their clients and relationships usually focus on long-term, recurring business. The amount per transaction is often quite significant and as a result, there’s typically quite a bit of negotiation that goes into determining payment amounts, terms, and cycles.

B2B 88

B2B Process B2C Credit Cards 88

Nanonets

MAY 30, 2023

 Both payer and payee receive notifications of funds transfer, which makes it a dependable process. There is no possibility of bounced checks or payment reversals because payment can only be made if there is a sufficient balance in the payer’s account. Advantages Transactions are secure and quick.  Both

Payment APIs and Integration 52

Payment APIs and Integration Credit Cards Payment Reconciliation Online and Mobile Banking 52