7 Types Of Payment Automation: Ach, Virtual Cards, Wire Transfers, And More
Between interchange fees, provider commissions, and currency conversion costs, even small inefficiencies can add up to significant losses. Businesses must constantly optimise their payment routing and fee structures — for example, by dynamically selecting acquirers with the lowest fees or the highest success rates in each region. Payment exception handling refers to how your AP team deals with payments that deviate from the normal process. Exceptions may occur due to missing information, discrepancies between invoices and purchase orders, incorrect [...]
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