Fintech Finance

JUNE 7, 2024

Collecting large transactions using traditional payment methods such as cheques and wire transfers typically results in prolonged payment reconciliation periods, excessive administrative burdens, and significant risks due to human error.

Embedded Payments 52

Embedded Payments Payment Solutions Transactions Payment Reconciliation 52

Nanonets

SEPTEMBER 28, 2023

There are a number of different B2B payment solutions available, including wire transfers, ACH payments, cheques, credit cards, and digital payment methods. Wire transfers: It's one of the most common B2B payment methods. Enter vendor information, payment amount, and currency.

B2B 52

B2B Wire Transfer ACH Wires 52

Nanonets

SEPTEMBER 28, 2023

There are a number of different B2B payment solutions available, including wire transfers, ACH payments, cheques, credit cards, and digital payment methods. Wire transfers: It's one of the most common B2B payment methods. Enter vendor information, payment amount, and currency.

B2B 52

B2B Wire Transfer ACH Wires 52

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

Nanonets

MAY 8, 2023

Bank statement reconciliation After the end of the month, you will receive a bank statement from your bank. Try Bank reconciliation template Trial balance The trial balance is another check that ensures that every transaction is recorded in two places.

Automation 52

Automation Accounts Reconciliation Audit 52

Stax

JULY 9, 2024

Going digital reduces paperwork and manual processing for businesses by automating payment reconciliation, invoicing, and record-keeping processes. Businesses can also streamline accounting tasks by integrating digital payment systems with their financial software, which improves accuracy and efficiency in financial reporting.

Digital Payments 163

Digital Payments Online and Mobile Banking Contactless Payments Payments 163

Fintech News

JULY 31, 2024

Global payments company Nium has expanded its local funding and collection services to over 40 countries and 15 currencies, with more to come. The service offers benefits such as reduced overhead costs, faster transaction speeds, and easier payment reconciliation with real-time transaction alerts.

Cross-Border Payments 122

Cross-Border Payments Cross-Border Payment APIs and Integration Wire Transfer 122