Author: Vellis Team
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Correspondent Bank: Definition and How It Works
Sending money across borders isn’t always straightforward, especially when two banks don’t have a direct relationship. That’s where a correspondent bank steps in.
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What is a Payment Hub?
Managing payments across multiple banks, systems, and formats can quickly become overwhelming for businesses, especially as they grow or expand internationally. Each payment method might follow a different process, require its own format, and create challenges for tracking and reconciliation.
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What Are Virtual IBANs?
Managing finances across borders can be complicated. Businesses and individuals often deal with multiple currencies, accounts in different countries, and delays in international payments. These challenges create confusion, increase costs, and slow down operations.
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What Is a Remittance Transfer: How to Send One?
Remittance transfers play an important role in global finance, especially for people sending money to support family members or handle business across borders. A remittance transfer simply means sending money, usually from one country to another, from one person to someone else.
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What is an Intermediary Bank?
When you send money internationally, it’s not always a simple path from one bank to another. In many cases, especially with cross-border wire transfers, the money travels through one or more intermediary banks before reaching its final destination.
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Benefits of Flexible Payments in Chiropractic Clinics
In today’s changing healthcare environment, offering flexible payment options has become essential for chiropractic clinics. With rising out-of-pocket costs and growing demand for personalized care, patients are more likely to choose providers who make treatment financially accessible.
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Payment Options for Chiropractor
Understanding payment options is essential for anyone seeking chiropractic care that’s both affordable and easy to access. When patients have flexible ways to manage costs, they’re more likely to feel satisfied with their experience, stay committed to their treatment plans, and avoid missed appointments.
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Handling Accounts Receivable In Your Dental Practice
Accounts receivable in a dental practice refers to the money owed to the office for services already provided but not yet paid, either by patients or insurance companies.
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How to Improve Cash Flow in Dental Practices?
Nowadays, improving cash flow in dental practices is essential for both long-term growth and keeping day-to-day operations running smoothly. It’s not just about how much profit you’re making, on the contrary, it’s about when money comes in and when it goes out.
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5 Phases of Drug Development
Developing a new drug is a long, detailed, and often challenging process that transforms a scientific concept into a treatment that can be safely and effectively used by patients. It involves many years of research, careful planning, and rigorous testing to make sure the drug not only works as intended but also meets strict safety…