PYMNTS

OCTOBER 17, 2017

In B2B payments, it’s not just the movement of money that’s a pain point for companies — it’s the tracking of that payment and the ability to reconcile those transactions that can be a major headache for both payers and payees. In an announcement on Tuesday (Oct.

Automation 47

Automation Reconciliation Card Issuer Payee 47

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. The payee may also send an electronic message to confirm receipt of the payment request.

Payment Solutions 52

Payment Solutions Payee Payments Payer 52

PYMNTS

JUNE 11, 2020

In a recent announcement , AscendantFX highlighted the challenge that payers face when inputting the correct payee information, noting, “Incorrect or incomplete payee details are the most common source of costly delays when sending international payments.” ”

B2B 52

B2B Payee Cross-Border Small Business 52

PYMNTS

FEBRUARY 28, 2019

Use of checks, cash and paper-based reconciliation was rampant. Digital offerings, such as Stack Sports ’ new in-development solution, aim to reduce the likelihood of human errors and remove other pain points stemming from slow, paper-based payments and reconciliation processes. Reconciliation and Automation.

Reconciliation 43

Reconciliation Payments Payee Payer 43

PYMNTS

JANUARY 22, 2021

The feature will be available for both payers and payees, and it will offer live updates on the status of international payments at all stages of the fund transfer process, the release stated. In addition, the Payment Tracker will offer insights into potential delays of the payment.

B2B 66

B2B Payments Blockchain Payee 66

Nanonets

APRIL 8, 2024

QuickBooks, one of the most popular accounting and bookkeeping platforms on the market, offers a fairly straightforward method of managing recurring ACH payments to help ensure no surprises come during reconciliation time. What are ACH Payments? ACH payments are generally fast during the work week but aren’t instantaneous.

ACH 52

ACH Wire Transfer ACH Network Tax Refunds 52

PYMNTS

DECEMBER 30, 2020

The migration of the procurement and purchasing process to seller platforms and digital marketplaces will be a driving force into 2021, B2B payment leaders agree, and this trend will drive further change in both payer and payee expectations. Speed will be key in several workflows of the B2B commerce experience.

B2B 119

B2B Payer Payments BNPL 119

EBizCharge

APRIL 25, 2024

Paper checks and eChecks Paper checks are still used today since they offer a tangible record of transactions, providing both the payer and the payee with a physical document detailing the payment.

Online and Mobile Banking 52

Online and Mobile Banking Debit Card Credit Cards Contactless Payments 52

Nanonets

MAY 30, 2023

Looking to automate the mundane & mechanical Payment Reconciliation process? Try Nanonets ™ AI-based OCR solution to automate Payment Reconciliation in your organization!  Both payer and payee receive notifications of funds transfer, which makes it a dependable process. per check avoided.

Payment APIs and Integration 52

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

PYMNTS

MAY 24, 2016

The firm revealed the rollout of its commercial payment solution, TSYS Virtual Payment Precept (VPP), a virtual payment tool for accounts payable and accounts receivable to streamline reconciliation and heighten risk controls in the B2B payments space, the company said.

B2B 41

B2B Security Fraud Detection Payee 41

PYMNTS

MAY 7, 2020

.” Virtual checks and application programming interface (API) infrastructures enable seamless integration of electronic disbursement workflows within the rest of the back office to ensure that payment initiation retains the “look and feel” of a paper check payment for the payer.

Checks 67

Checks B2B Payment APIs and Integration Remote Deposit Capture 67

PYMNTS

MAY 1, 2020

In many ways, the rise of crypto and digital currencies like Bitcoin aims to address some of these issues, empowering payers and payees with a way of bypassing the “middleman” of the inter-banking system for faster transaction speeds.

Digital Currency 68

Digital Currency Accounts Cross-Border Stablecoins 68

PYMNTS

OCTOBER 31, 2019

It’s great to get a check, or wire, or ACH, but if you don’t know what it’s to be applied to, you have a huge cash application and reconciliation challenge.”. “In a macro sense in accounts receivable, it’s this same challenge. Increasingly, companies are receiving payments not only via paper check, but in a variety of electronic methods.

Lockbox 43

Lockbox Remittance Data Checks RTP 43

Stax

MARCH 14, 2024

Payments work by giving the payer a link to complete the transaction. This would take them to the gateway where they can pay by credit card, Paypal, or other payment options the payee wishes to add. The business has to collect extra information from the payer to qualify for these levels.

B2B 88

B2B Process B2C Credit Cards 88

PYMNTS

JUNE 5, 2018

Working with PayPal, the company said, could ease friction for both payers and payees in the B2B payment process, encouraging firms to pay their vendors more quickly. ” For corporate buyers, that yields “the ability to view the full reconciliation of payment” in a bird’s eye view of spend and expenses.

B2B 46

B2B PayPal Payments Payee 46

PYMNTS

MARCH 29, 2018

With paper checks, of course, AP and accounts receivable (AR) professionals already have extra work in terms of manual data entry, reconciliation, fraud prevention and more. ACH payments are subject to NACHA rules and require you to store bank information for payees,” he said.

Checks 43

Checks B2B ACH Payments 43

Nanonets

NOVEMBER 30, 2023

Fraudsters have expanded the frequency of stealing paper checks in the mail and washing checks to fraudulently revise payees and amounts and steal money from the payers. Reconciliation is best performed as an automated process instead of using manually prepared spreadsheets. 

Best Practices 52

Best Practices Accounts Automation Electronic Funds Transfer (EFT) 52

Stax

JULY 9, 2024

Going digital reduces paperwork and manual processing for businesses by automating payment reconciliation, invoicing, and record-keeping processes. Peer-to-peer electronic payment methods link to the payer and payee’s bank account to withdraw and deposit funds, providing a way for users to easily perform a funds transfer.

Digital Payments 163

Digital Payments Online and Mobile Banking Contactless Payments Payments 163

PYMNTS

AUGUST 15, 2018

Today, their technologies must communicate with existing infrastructures as systems migrate to the cloud, address the points of friction before and after payment, and support the needs of not only the corporate payer, but of the payee, too. Unfortunately, he added, this opportunity remains largely untapped.

B2B 40

B2B Payments B2C API 40

M2P Fintech

MARCH 28, 2024

Pull Payments Pull payments are a type of electronic transaction where the payee initiates the transaction and withdraws funds directly from the payer’s account with the payer’s prior authorization.

FinTech 59

FinTech Online and Mobile Banking Push-to-Card Payer 59