AI-Powered Collections: Introducing Agentic Procedures
Credit card reconciliation is a process that includes matching credit card payments received from customers to outstanding invoices and verifying that card processing fees and chargebacks were properly applied and recorded. Regular reconciliation helps maintain accurate revenue records and identify any payment processing issues. Technologies such as a digital lockbox can help automate the capture and reconciliation of virtual card payments directly from emails, eliminating manual data entry.
See how Billtrust’s Digital Lockbox deals with virtual card payments.
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