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Digital Payments Easing Pains For Hurting Medical And Dental Practices

PYMNTS

There is a fundamental need to link complex remittance data — explanation of payment — with the payments being made.”. Some payers had to limit the operations of their mailrooms. When completed correctly, this allows the healthcare provider to accurately reconcile the payment and settle the claim.

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Why Faster Payments Isn’t The Answer To Accounts Receivable Delays

PYMNTS

is a lack of remittance data, he said. Payments data is often sent separately from the funds, so even if a company receives a payment same day or in real time, information about who sent that payment, and why, still comes on a delay. where he doesn’t see the same type of regulatory pressure on late payers that the U.K.

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Giving B2B Dental Payments A Digital Treatment

PYMNTS

Some payers had to limit the operations of their mailrooms. Dental practices must also ensure that their AR systems are modern enough to quickly process the accompanying digital remittances data or they could be unable to fully realize the advantages of these electronic transfers.

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AP Innovations Begin Targeting Supplier Acceptance

PYMNTS

As payments giants like Visa and Mastercard shift the innovation spotlight onto B2B transactions, developers of new accounts payable solutions are ushering in a growing trend: designing payment tools not just for the payer, but for the B2B supplier as well. Vroozi Pay Eyes Vendor Relations.

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How Small Businesses Ride Their Payment Rails

PYMNTS

million Same Day ACH payments were made during the quarter, a 192 percent year-over-year increase, though NACHA did not disclose what percentage of that volume was made by business payers. Most companies surveyed said they would be willing to pay an additional fee to have remittance information move along with a wire payment.

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What Is Remittance Advice? Definition, Examples, and Tips to Enhance for Your Company

EBizCharge

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.,

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Where APIs Fall Short On Corporate Finance Integration

PYMNTS

Thielens said payments is a particularly interesting area, considering how much innovation has occurred in the last decade with payers (consumer and corporate alike), demanding greater choice and variety in how they make payments.

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