A top Legislative Democrat proposes establishing a new type of bank in Nevada solely for processing payments to reduce small ...

During a recent discussion in the HealthLeaders' The Winning Edge series, revenue cycle leaders from UW Health, INTEGRIS Health, Moffitt Cancer Center, and Waystar shared their insights on shifting ...

The accounting cycle is an eight-step repeatable ... With cash accounting, the transaction is recorded when the payment is made. With accrual accounting, the log date is the date the service ...

When a card gets canceled or expires, Visa, Mastercard and other networks send replacement information to merchants. This can ...

A night cycle is a processing period ... batches so that large numbers of payments may be made simultaneously. This is the new same-day ACH per-transaction dollar limit as of March 2022.

If payments were missed or applied incorrectly ... no single individual controls multiple parts of the financial transaction cycle. Ask any seasoned finance professional about their reconciliation ...

and small businesses must comply with rules such as PCI DSS for card payments and NACHA guidelines for ACH transactions. Noncompliance can result in hefty fines. To stay compliant, regularly audit ...