FICO

JULY 23, 2018

To date, reporting of authorised push-payment fraud has been ad-hoc and generally doesn’t involve reporting to any formal body. The fraud reporting requirements of PSD2 mean that PSPs must overhaul their processes and be ready to report fraud by January 2019. Be ready to adapt.

Authentication 45

Authentication Payer Payments Real Time Payments 45

The Payments Association

OCTOBER 23, 2024

Firms with agents or distributors may require additional liquidity for safeguarding. Firms may be required to diversify their safeguarding providers. Enhanced reconciliation, audit, and reporting requirements will create additional administrative burdens and could increase the risk of supervisory and enforcement action.

Rules 88

Rules Payments Institute Authorization Reconciliation 88

Stax

JANUARY 31, 2024

Market dynamics, including changes in consumer spending habits, transaction volumes, or shifts in the payment landscape. While interchange rates are set by card networks, negotiating with payment processors for better rates based on your card transaction volume and business type might be possible. swiping vs. manual entry).

Credit Cards 88

Credit Cards Push-to-Card Processors Transactions 88

PYMNTS

SEPTEMBER 25, 2019

The “broad scope of regulation” is indeed one of the most significant compliance challenges that marketplace lenders face today, she said, with the risks of noncompliance growing as the volume of requirements and regulations does. However, there is a range of other areas of noncompliance risk for these businesses.

Compliance 47

Compliance P2P Risk Management Regulatory Compliance 47

EBizCharge

AUGUST 23, 2024

This can slow down the accounting process, especially for businesses with a high volume of transactions. Accounting software can handle large volumes of transactions with minimal additional effort, making it easier for businesses to grow without being bogged down by accounting tasks. Automated accounting: Highly scalable.

Automation 52

Automation Accounts Encryption Transactions 52

Nanonets

JULY 25, 2023

Business today face the challenge of managing large volumes of financial data, producing accurate and timely reports so as to draw actionable insights from them. This is where financial reporting automation comes into play. This ensures that financial data is protected and handled securely throughout the automation process.

Automation 52

Automation Compliance Process Governance 52

Nanonets

OCTOBER 15, 2023

PayPal's specific fee structure can vary depending on factors such as method, transaction volume, currency, and location. • Low transaction volume and prioritize simplicity • Requires Online and in-person sales What to choose - Stripe Vs PayPal? Stripe charges 2.9% + 30c flat fees for transactions.

PayPal 52

PayPal Payment APIs and Integration Wire Transfer Processors 52

Basis Theory

OCTOBER 1, 2024

Nearly 20 years later, with more than 300 requirements and sub-requirements, PCI DSS continues evolving. Today, more merchants are becoming PCI DSS compliant despite not having the prerequisite volume to necessitate it. As the number of transactions rises, so do the requirements for establishing and maintaining compliance.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

FICO

OCTOBER 7, 2022

Even more dramatic, PayPal, a relatively late arrival to the party, saw its BNPL volumes soar 226% year over year. On September 15 the CFPB issued a report suggesting that BNPL companies must be subjected to stricter oversight, a step toward regulation. As payments professionals well know, change creates opportunities for fraud.

BNPL 52

BNPL Account Takeovers CFPB Consumer Financial Protection Bureau (CFPB) 52

PYMNTS

SEPTEMBER 5, 2019

They must keep up with changing policies, determine how much they owe in each locale and understand any reporting requirements that may exist – even in states in which they fall below the threshold for tax collection. Businesses that are noncompliant risk facing audits and expensive fees.

Laws 46

Laws Compliance Rules Governance 46

FloQast

MAY 7, 2024

Since Year-End reconciliations often involve a large volume of transactions, even minor process automation opportunities can deliver an impact.

Reconciliation 52

Reconciliation Audit Automation Accounts 52

FICO

JANUARY 5, 2023

Leading up to 2022, the industry saw meteoric growth with transaction volume increasing fourfold , from $33 billion to $120 billion, between the years of 2019 and 2022. With a weakening economy, BNPL firms have seen a rise in bad debts, growing losses, increased costs of operations and tumbling share prices.

BNPL 52

BNPL CFPB Consumer Financial Protection Bureau (CFPB) Privacy 52

Nanonets

MAY 7, 2024

Overall, the method of expense reconciliation chosen by a business will depend on factors such as the size of the organisation, the volume of transactions, available resources, and specific business needs. You can import/export reconciled data, generate custom reports, and track financial metrics within your preferred software environment.

Reconciliation 52

Reconciliation Best Practices Credit Cards Compliance 52

The Payments Association

OCTOBER 11, 2024

He adds: “These could result in increased supervisory and enforcement action from the FCA, as it will have a lot more data and will likely aim to use this to identify and take action against firms that consistently fail to meet its requirements.

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

Nanonets

FEBRUARY 15, 2024

Regulatory compliance becomes a challenge, as the manual handling of invoices hinders meeting accuracy and reporting requirements. The system learns from experience, adapting to new invoice formats and evolving business requirements, mitigating the limitations posed by the rigidity of traditional methods.

AI 52

AI Automation Process Mitigation 52

Nanonets

SEPTEMBER 23, 2023

The software can generate crucial documents such as W-2s, 1099s, and sales tax reports, simplifying the filing process and ensuring compliance with reporting requirements. It's also essential to assess the system's scalability, ensuring it can accommodate your growing business and handle increasing transaction volumes.

Small Business 52

Small Business Accounts Automation Compliance 52

Nanonets

AUGUST 2, 2023

Some exemptions may also require additional documentation or reporting requirements. You may struggle to keep up with changing regulations and manage the large volumes of data required to file. What are the consequences of not filing EEI on time? These may include: 1.

Automation 52

Automation Regulations Compliance Legal 52

Nanonets

AUGUST 1, 2023

Document workflow automation is useful in almost all realms of business because all activities of any company require large volumes of paperwork. Audit Trail and Reporting: Throughout the automated procure-to-pay process, the system maintains a comprehensive audit trail, documenting each action taken on the documents.

Automation 40

Automation Payment APIs and Integration Audit Rules 40

Nanonets

JUNE 29, 2023

Scalable, and capable of handling large volumes of documents and data, thereby catering to businesses of all sizes. Nanonets reads transaction information from any source, updates the invoice, and posts to your ERP. API integration for seamless integration with other tools and systems.

Payment APIs and Integration 52

Payment APIs and Integration Automation Credit Cards Online and Mobile Banking 52

Nanonets

JANUARY 17, 2024

Ensuring that the chosen expense management solution can scale to accommodate increased transaction volumes, additional employees, and expanding operations is essential for long-term success. Scalable, and capable of handling large volumes of documents and data, thereby catering to businesses of all sizes.

Payment APIs and Integration 52

Payment APIs and Integration Compliance Automation Audit 52

Nanonets

APRIL 7, 2025

Over 71% of clinicians report feeling overwhelmed by the sheer volume of information available. Regulatory data extraction manages compliance documentation, quality metrics, and reporting requirements for healthcare governing bodies. Claim forms are automatically populated, reducing errors and speeding up reimbursement.

Automation 52

Automation Regulatory Compliance Compliance Payment APIs and Integration 52

PYMNTS

DECEMBER 28, 2016

With the increase in complexity around processes and regulation changes, many nonprofits will turn to technology to increase efficiency and automate more high-volume, repetitive tasks,” the company recently told PYMNTS in its predictions for 2017. Nonprofit companies, Abila said, need to be particularly attuned to these shifts.

FinTech 59

FinTech Rules Regulations Payroll 59