Abrigo

MAY 20, 2020

Remaining aware of COVID-19 related red flags and training staff on key indicators will enhance your transaction monitoring program and assist you in detecting fraud perpetrated upon victims struggling during this difficult time of pandemic. Your BSA software should be customized to fit your risk profile. Learn More. SBA Lending. Learn More.

Transactions 78

Transactions Electronic Funds Transfer Credit Risk 78

TreviPay

JANUARY 19, 2023

B2B payments facilitate these transactions, allowing businesses to securely and efficiently pay for goods and services. Check Improved security: B2B payments often use secure methods such as electronic funds transfer (EFT) and virtual card payments (VCP), which can reduce the risk of fraud and errors.

Electronic Funds Transfer 52

Electronic Funds Transfer Transactions 52

Lockstep

JULY 20, 2022

An echeck is an electronic version of a check that uses the customer’s bank account and routing number to debit the funds from their account, just like a paper check. The main difference between an echeck and a check is that an echeck clears faster because it’s processed electronically. . What are Wire Transfers?

Electronic Funds Transfer 84

Electronic Funds Transfer DSO Days Sales Outstanding AR Automation 84

TreviPay

SEPTEMBER 15, 2023

It involves accurately tracking all cash inflows and outflows, maintaining clear records of financial transactions and ensuring that all financial information is up-to-date and accurate. What’s more, TreviPay’s transaction fees are 30% less than credit cards. Here’s a breakdown of each of the Four A’s: 1.

Electronic Funds Transfer 52

Electronic Funds Transfer Credit and Collections Days Sales Outstanding DSO 52

Your Virtual Credit Manager

MAY 30, 2023

Customers increasingly prefer electronic transactions. Moreover, most European nations now require electronic invoicing by law. Increasingly, electronic payments are replacing checks in B2B scenarios. Paper based commerce, where invoices and payments are delivered via Postal Service mail, is slow and costly.

Electronic Funds Transfer 130

Electronic Funds Transfer Credit and Collections Vendor Portals Credit Management 130

Abrigo

NOVEMBER 22, 2021

Regulation E, implementing the Electronic Funds Transfer Act (EFTA). And of course, lenders must follow Currency Transaction Reporting (CTR) requirements related to any loan payments or transfers related to loans. Regulation B, implementing the Equal Credit Opportunity Act (ECOA) for fair lending.

Credit and Collections 78

Credit and Collections Debt Collections Credit Unions Credit Risk 78

Abrigo

SEPTEMBER 18, 2020

Money mule schemes consist of bad actors recruiting individuals to transfer illegally acquired money on behalf of the fraudsters, typically using multiple accounts (i.e. If any of the following red flags are detected, further due diligence should be conducted to determine if fraudulent activity is occurring.

Electronic Funds Transfer 78

Electronic Funds Transfer Cybersecurity Transactions Credit Risk 78