Fintech News

JANUARY 30, 2024

One of the key functions of AI in this domain is its ability to match incoming payments with outstanding invoices, thereby automating payment reconciliation and significantly reducing manual efforts. AI also plays a crucial role in identifying potential payment delays, such as disputes, and facilitates proactive resolution.

Payments Trends 113

Payments Trends Digital Currency Cross-Border Payments Distributed Ledger Technology (DLT) 113

PYMNTS

MARCH 31, 2020

“This intelligence helps improve future routing accuracy, streamlines payment reconciliation processes, and maintains data hygiene in the ERP,” the release stated. In addition, the technology is made to identify duplicate invoices and facilitate purchase order (PO) matching as well as discrepancy detection.

Accounts 53

Accounts AI Duplicate Payment Reconciliation 53

Nanonets

SEPTEMBER 29, 2023

Data Discrepancies: You might encounter discrepancies between payment records, invoices, and receipts. These discrepancies can lead to confusion and hinder accurate payment reconciliation. Without a clear overview of the payment status and history, tracking becomes inefficient.

Payments 52

Payments Reconciliation Automation ACH 52

PYMNTS

MARCH 18, 2020

.” While COVID-19 may jumpstart some conversations about organizations’ abilities to adopt electronic payments and cloud-based financial processes, digitization is not the silver bullet to process inefficiencies, whether it’s during a pandemic or not. Lockbox Data Headaches. Automating Lockbox Data – And Beyond.

Lockbox 80

Lockbox Reconciliation Checks Automation 80

PYMNTS

JANUARY 25, 2019

payments landscape is shifting into higher gear, pressuring corporations to accelerate their processes. As they work to achieve this, more companies are ditching paper-based methods and embracing digital solutions that streamline payments and reconciliations. However, the current payments environment in the U.S.

Real Time Payments 67

Real Time Payments Federal Reserve RTP TCH 67

PYMNTS

JULY 16, 2020

. “By integrating the payments and eCommerce with the ERP, it’s going to allow businesses to effectively drive online revenues as well as improve payment processing and time of payment,” said George, adding that Aptean supports real-time invoice and payments reconciliation as a result of that ERP connectivity.

B2B 59

B2B B2C Checks Payment Reconciliation 59

Stax

JULY 9, 2024

Digital payments incorporate robust security features to protect sensitive information and prevent fraud. Encryption techniques ensure that payment data is transmitted securely between parties, making it difficult for unauthorized individuals to intercept or access sensitive information.

Digital Payments 163

Digital Payments Online and Mobile Banking Contactless Payments Payments 163

PYMNTS

JUNE 29, 2018

But the market’s B2B payments practices present a tougher sell to make the switch from faster, electronic payment technologies, Peters told PYMNTS. That’s because the insurance industry is heavily reliant on payment data, perhaps more so than other verticals.

Faster Payments 40

Faster Payments Same Day ACH ACH Remittance Data 40

Nanonets

APRIL 18, 2023

Integration capabilities: Your ACH payments should ultimately link back to your invoices , and should be visible to your larger team for approvals and supporting documentation. Your payments data should also link to your vendor management platform. Try it today and experience the benefits of automated payment processing.

ACH 52

ACH ACH Network Payments Best Practices 52