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Error-Free Payments: The Data Validation Tools Your Payment System Needs

As people are more reliant on digital banking tools than ever before and expectations are high for seamless payment processing, payment errors are the bane of financial departments and PSPs. Failed payments are costly, but they are avoidable. We explore the possibilities of an environment of error-free payments and the role of data validation tools.

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How to Improve Straight-Through Processing by Cleansing Reference Data

 
In today’s digital payment age and Open Banking era, consumers and businesses increasingly demand fast, simple and error-free payments. Financial institutions and PSPs know that ‘friction’ is a bad word when it comes to the payment process and they are very keen to improve straight-through processing. So, how can companies reduce payment errors and ensure that their payment process is seamless?

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