EBizCharge

MAY 31, 2024

Now, automated cash application software employs artificial intelligence and machine learning to automatically match payments received via various payment methods, like credit cards, wire transfers, and electronic payments, to their corresponding invoices. What is remittance data?

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Automation Remittance Data Correspondent Wire Transfer 52

Fintech Finance

JULY 10, 2024

This marks a first-of-its-kind move for the medical tourism industry, which has largely remained reliant on cash and wire transfers, leading to a lack of financial transparency and limited payment options for individuals seeking treatments abroad. Introducing virtual cards also brings a range of benefits to providers.

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Cross-Border Visa Wire Transfer Accreditation 93

EBizCharge

JUNE 19, 2024

Remittance advice is critical in financial management for any AR team. Its importance is grounded in several crucial functions: it ensures that payments are accounted for correctly, simplifies the reconciliation process, and helps maintain a precise and updated receivable balance in the company’s ledger.

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Payer Reconciliation Correspondent Disputes 52

PYMNTS

FEBRUARY 4, 2020

Once reserved for only the largest and most sophisticated firms, automated enterprise resource planning (ERP) and accounting platforms are now accessible for even the smallest of businesses, and data from those systems is the new currency of operational efficiency. A Reconciliation Headache.

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Commercial Card Lockbox Reconciliation ACH 61

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.”. He did note, however, that he is “very optimistic” about the emergence of new payment services able to move remittance data along with funds.

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Lockbox Remittance Data Checks RTP 43

PYMNTS

DECEMBER 5, 2019

Among the most pervasive is that wire, ACH and check acceptance are free, whereas cards, and the interchange fees associated with them, are expensive — particularly when accepting those virtual card payments does not come with a corresponding acceleration of when payments are received.

Faster Payments 53

Faster Payments Commercial Card ACH Payments 53

PYMNTS

JULY 21, 2017

“A lot of suppliers say they like the feel of the paper in their hand, they like to get the physical remittance data attached to that check — even though you can still get that data in other ways, including with ACH,” Martin explained. “But a lot of suppliers are what we consider old school. .

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Checks ACH Payments Same Day ACH 47