Payment Reconciliation: What It Is and How It Works

by Cheqly team | | Payment Reconciliation

One of the most essential processes in business finance that is usually hard is payment management. At times, a company may experience cash flow interruptions due to errors, delays, or even mismatched records. Such problems may also lead to the weakening of the company’s relationships with suppliers and customers. This is the moment when payment … Continued

What Is Payment Processing and How Does It Work?

by Cheqly team | | Payment Processing

In a nutshell, every transaction is contingent upon the successful completion of the payment cycle without delays or errors. Through payment processing, businesses are able to receive funds from their clients in various ways, such as a card swipe, online checkout, or mobile tap. However, it is a system that works invisibly in the background, … Continued

What Is a Payment Rail? How It Works and Which One to Choose

by Cheqly team | | Payment Rails

Payment rails refer to the core infrastructure that makes it possible to transfer funds electronically between parties in a financial transaction. Like train tracks directing a train, payment rails offer a secure, defined route for money to flow seamlessly from payer to payee across different banks and platforms. These networks let users make all kinds … Continued

How to Trace an International Wire Transfer

by Cheqly team | | Track International Wire Transfer

Nowadays, international wire transfers have become important for business and personal transactions in the global marketplace. Every day, transactions worth several trillion dollars occur across the globe, facilitating global trade, investments, and personal remittances. However, due to the involvement of numerous banks and complex payment systems, tracking an international wire transfer is not always easy. … Continued

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