PYMNTS

MARCH 10, 2020

It was our key priority to launch this feature as quickly as we could, as it was the number one most-requested feature from our customers in Australia,” Jack Zhang, co-founder and chief executive officer at Airwallex, told The Australian. SMBs can also open accounts in the U.S., and EU on Airwallex. “As

Reconciliations 52

Reconciliations Foreign Exchange Currencies Accounting 52

PYMNTS

DECEMBER 15, 2020

Businesses can use a recipient's accounting number or email address to initiate a payment, while transaction data is enhanced to support the reconciliation process. The solution is made possible through the adoption of the funds transfer service Interac eTransfer for Business.

Foreign Exchange 94

Foreign Exchange B2B Reconciliations Banking 94

Simply Treasury

JUNE 3, 2021

The third one is the real-time collection and payment (we can see that immediacy and the time factor have become crucial, at least for certain industries and B2C’s) and finally immediate (automated) management of foreign exchange risk. automatic reconciliation, Straight Through Processing / STP, use of mass data, etc.).

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

PYMNTS

FEBRUARY 18, 2020

Such schemes see scammers piecing together consumers’ personal details, such as Social Security numbers and birth dates, to create false identities that can be used for fraudulent purposes. POPs are important to omnichannel fraud detection because they enable banks to track payments’ journeys from processing to clearing to reconciliation.

Foreign Exchange 52

Foreign Exchange Reconciliations Compliance Banking 52

PYMNTS

NOVEMBER 15, 2019

Advances in data aggregation connect both sides of a commercial card transaction to richer information for reconciliation, reporting and analytics purposes. “I expect that the new leaders in the B2B payment space will need to build flexible platforms that will be able to adapt to the growing number of unique use cases,” he said.

B2B 65

B2B Foreign Exchange Accounts Payable Reconciliations 65

PYMNTS

DECEMBER 15, 2017

Via its cross-border reconciliation network, Flywire can collect and reconcile those payments immediately and accurately. He noted, too, that many invoice payment products disaggregate payment from invoicing, making the reconciliation process friction-filled for the receiver. Thus, reconciliation is automated, he said.

Invoicing 48

Invoicing Reconciliations Currencies Foreign Exchange 48

PYMNTS

FEBRUARY 5, 2020

That information flow comes in on a real-time basis, rather than through the typical process of month-end reconciliation. At a high-level view, that changes the number of levers that can be pulled — from a finance perspective — around the working capital associated with AP. Typically, McGuire stated, a firm operating only in the U.S.

Invoicing 61

Invoicing Accounts Payable Foreign Exchange Currencies 61