Finovate

APRIL 23, 2024

Modernbanc Modernbanc helps companies effortlessly manage, secure, and reconcile their payment data. Their new AI-powered reconciliations product helps companies automate financial processes.

Credit Union 52

Credit Union Reconciliation Cross-Border Small Business 52

PYMNTS

MARCH 10, 2020

The collaboration is aimed at assisting Airwallex’s small- to medium-sized business (SMB) customers to easily handle local and global payments. Australian cross-border FinTech unicorn Airwallex is integrating with New Zealand’s cloud-based accounting platform Xero , Airwallex announced Tuesday (March 10).

Payment Reconciliation 52

Payment Reconciliation Reconciliation Cross-Border Multi-Currency 52

PYMNTS

FEBRUARY 1, 2021

Smooth accounts payable and receivable processes depend on the ability to easily access, manage and interpret payments data, but complex workflows and old-school tools can get in the way. Reconciliation Challenges. That structure of data and the improvement along with the cash application itself is huge,” Hagan said.

Payment APIs and Integration 93

Payment APIs and Integration RTP Reconciliation Real Time Payments 93

Fintech Finance

FEBRUARY 1, 2024

Additionally, credit unions and financial institutions can accept debit card, as well as automated clearing house (ACH), payments via text, mobile, and IVR. REPAY’s embedded payments engine seamlessly sends payment data back to Lexop in real time, streamlining reconciliation and accounting operations.

Credit Union 52

Credit Union Embedded Payments Debit Card Payments 52

Nanonets

MARCH 29, 2023

This typically involves printing a check or initiating an electronic payment. Payment Reconciliation : After the payment has been processed, the accounts payable department reconciles the payment with the original invoice and verifies that the payment was made in the correct amount.

Accounts 52

Accounts Reconciliation Automation Payment Reconciliation 52

PYMNTS

JANUARY 19, 2021

The release also noted the existence of pre-defined official schema, covering SWIFT CBPR+ and several payment schemes, which can onboard new systems and countries into the solution. Saqib Sheikh, global head of SWIFT’s ISO 20022 program, told PYMNTS that the chief benefit of adopting ISO 20022 is the access to better payments data.

ISO 20022 60

ISO 20022 ISOs Reconciliation Message Standards 60

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. Lack of Transparency: As the number of payments grows, maintaining transparency becomes challenging.

Payments 52

Payments Reconciliation Automation ACH 52

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 109

Payments Trends Digital Currency Cross-Border Payments Instant Payments 109

Fintech Finance

JANUARY 31, 2024

Finance departments looking to move away from antiquated, expensive payment methods that delay settlement can use Paystand tools to incentivize customers to change financial behaviors including earlier payment.

B2B 52

B2B Payer Payments Automation 52

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

JANUARY 31, 2018

The movement of information is filled with friction in B2B transactions today, with deals across borders and between third- and fourth-parties, creating a muddle of data that can delay supplier payments and disrupt the reconciliation process.

B2B 43

B2B Blockchain Payments Data Payments 43

EBizCharge

MAY 15, 2024

The time it takes for the funds to reach the seller varies depending on the payment method used. Reconciliation: Both parties reconcile their financial records to ensure that the payment matches the invoiced amount. Payment gateways encrypt sensitive payment data, such as credit card details, ensuring secure transmission.

B2B 52

B2B Wire Transfer Payments Payment Gateways 52

Stax

AUGUST 29, 2024

Step 3: Authorization, settlement, and reconciliation The payment gateway software will now send your customer’s payment information to your PSP to verify, authorize, and settle the transaction. The provider should also offer the hardware to accept physical card payments.

Payment Service Provider (PSP) 88

Payment Service Provider (PSP) Service Provider Payment Gateways Online and Mobile Banking 88

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

PYMNTS

JANUARY 14, 2021

“Partnering with Conferma Pay is a step forward in our commitment to provide travelers with a frictionless payment experience during check-in. NTT DATA and Conferma Pay are working together to make sure that virtual payments arrive at hotels digitally, eliminating the dependence on hardcopy methods like faxing.

Payments 52

Payments Reconciliation Digital Payments Process 52

PYMNTS

JANUARY 30, 2020

BPN is a supplier-driven platform that facilitates electronic payment delivery and allows both corporate buyers and financial clients to deliver their payments directly into a suppliers’ acceptance platform.

Automation 60

Automation B2B Payments Payment Networks 60

The Fintech Times

AUGUST 30, 2024

Key partnerships include Mastercard for debit card schemes, Transact Payments for BIN sponsorship and e-money services, Flagright for transaction monitoring, Marqeta as transaction processor, T AG Systems for card manufacturing, Onfido for identity verification and KYC, Kani for reconciliation, and Plaid for open banking connectivity.

FinTech 59

FinTech Non-Bank Advisors RTP 59

Nanonets

MARCH 22, 2024

It also automates data validation, reconciliation, and approval with pre-built workflows, making Nanonets an end-to-end AP platform. Here's a table comparing Nanonets and Tipalti: Feature Nanonets Rating Tipalti Rating Invoice capture and data extraction 5 4.5 Automated workflows 4.5 4 Integrations 5 4 Ease of use 5 3.5

Automation 52

Automation Payment APIs and Integration Multi-Currency Compliance 52

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

PYMNTS

NOVEMBER 10, 2020

AI can also enable FIs to automatically route certain corporate transactions via the most appropriate payment typology, whether it’s an instant payments scheme or something else. There is one key opportunity for banks to wield the speed of real-time payments for corporates: liquidity management.

Real Time Payments 117

Real Time Payments B2B Value Added Service ISO 20022 117

Nanonets

JULY 18, 2023

Bank Reconciliation NetSuite automates bank reconciliation by importing bank statements and automatically matching transactions with corresponding records in the system. This reduces the time and effort required for manual reconciliation and improves the accuracy of financial records. How is Nanonets AP Automation Different?

Automation 52

Automation Reconciliation Audit Correspondent 52

PYMNTS

JUNE 24, 2019

.” Another reason, he added, is that some vendors, particularly the larger ones, prefer checks because it’s an easier reconciliation process — again, likely the result of operating in a check-heavy business environment for decades. The issue of reconciliation remains one of the largest challenges for companies of all sizes.

ACH 74

ACH Payment APIs and Integration Business Payments Checks 74

PYMNTS

JULY 11, 2019

The virtual card solution supports payments security while providing users with greater control over how and with whom payments are authorized, while also connecting managers to payment data for streamlined reconciliation and spend analytics.

Payments 43

Payments Commercial Card Reconciliation Authentication 43

PYMNTS

DECEMBER 1, 2016

The rise in Big Data, for instance, has encouraged the exploration of new ways to make use of digital payments data. For corporate payments, that could mean more accurate cash flow forecasting, fraud identification or more efficient reconciliation. “We’re moving towards more of a real-time economy.”

B2B 58

B2B Payments Data Audit Credit Cards 58

PYMNTS

AUGUST 20, 2020

The bank highlighted not only the speed with which companies can make payments, but the data that moves along with transactions via RTP that can be particularly beneficial for businesses’ reconciliation and reporting needs. Faster Payments Council Announces Board Advisory Group. This week, the U.S.

RTP 101

RTP Phixius FPC Payment APIs and Integration 101

PYMNTS

OCTOBER 30, 2020

They can pay it immediately, without typing in data because it's already extracted for them," said Leybaert. Payments becomes something natural, almost fully automatic, because we do the data extraction and checking of the invoice at the beginning of the process.". AI will continue to be an instrumental role in that effort.

XML 110

XML Payer Checks Reconciliation 110

PYMNTS

NOVEMBER 16, 2018

15), the company announced the launch of eCMS Connect for Comdata Virtual Card, enabling Computer Guidance clients to automate vendor payments. The integration supports streamlined data entry and reconciliation, the companies explained, and will enhance Computer Guidance’s real-time data analytics offerings.

Payment APIs and Integration 49

Payment APIs and Integration Payments B2B Reconciliation 49

EBizCharge

MAY 14, 2024

Payment processing: Once a customer makes a payment – through credit cards, online portals, or bank transfers – the system processes and records the payments. These late payments can trigger automatic reminders to the customers. Now that you’re familiar with the benefits of automated billing, it’s time to set it up.

Automation 52

Automation Payment APIs and Integration Best Practices Online and Mobile Banking 52

Exact Payments

NOVEMBER 9, 2023

The transaction and payments portion is still being directed and handled by a third party, but the data and reporting are delivered to the application, making for a more integrated and substantially improved experience. With integrated payments, the connection is visible to the end user.

Payment APIs and Integration 52

Payment APIs and Integration Embedded Payments ISVS Payments 52

EBizCharge

OCTOBER 17, 2023

EBizCharge ensures all payment information is accurately and promptly recorded in accounting software so businesses can maintain the integrity of their financial records and streamline the reconciliation process. After improving your internal business model, EBizCharge can enhance your customers’ payment experience.

CRM 52

CRM EMV Accounts Process 52

PYMNTS

MAY 6, 2019

Push payments also often come with more security options for consumers, who can, for instance, require biometric and password-based confirmations before payments are submitted. . Push payments’ simplicity can also streamline reconciliation in B2B situations.

Push-to-Card 44

Push-to-Card Risk Debit Card B2C 44

PYMNTS

JANUARY 14, 2020

The research has revealed that when it comes to the leading factors driving satisfaction with payment methods, speed of processing is just one of several, but not the leading factor. percent), availability of good payments data (46.9 percent), improved reconciliation with enhanced data (76.7 percent in 2018.

Real Time Payments 53

Real Time Payments RTP Payments Reconciliation 53

PYMNTS

DECEMBER 17, 2019

They can adopt technology to automate various aspects of checks, from printing to generation to submission and, on the accounts receivable side, processing and reconciliation. The other strategy is to migrate to another payment rail, likely Automated Clearing House (ACH), which is quickly climbing the B2B payment ranks.

ACH 52

ACH B2B Third-Party Service Provider ACH Processing 52

PYMNTS

AUGUST 9, 2017

The platform supports virtual accounts, ACH, network settlements, EFT and check payments and aims to boost transparency and control over supplier payments. Data from the platform also integrate into existing financial platforms for easier reconciliation, WEX said.

ACH Network 43

ACH Network B2B Reconciliation Volume 43

EBizCharge

APRIL 26, 2024

This can lead to delays in invoicing, payment posting, and reconciliation. Embrace automation: Automation enhances efficiency by streamlining repetitive tasks such as invoice generation, payment reminders, and data entry, thus saving valuable time and reducing manual processes. appeared first on EBizCharge.

Accounts 52

Accounts Best Practices Disputes Procedures 52

PYMNTS

JANUARY 19, 2021

Those pain points center around cash flow, manual processes (where employees match invoice and payment data), and the management of suppliers. With virtual payments, buyers gain from being able to increase their days payables outstanding by leveraging their credit lines on their commercial card products.

Checks 93

Checks B2B Payment APIs and Integration Payments 93

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