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Payment Processing Associate Jobs in Virginia (NOW HIRING)

Credit, Collections, and Cash Supervisor

Glen Allen, VA · On-site

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

... processes. * Manage associates responsible for collections, payment discrepancy resolution, invoice inquiries, statement requests, and account reconciliations. * Lead and support the Cash Application ...

Coding Payment Resolution Spec

Richmond, VA · On-site

$18.50 - $23.75/hr

... and processing charge corrections based on medical record reviews, contracts, regulations as ... High school diploma or Associate degree in Accounting or Business Administration or related field ...

Reviews, verifies, and processes invoices for payment accuracy and proper approvals. * Matches ... Associate's degree in finance, accounting, or related field and two years of relevant experience ...

New

Showing results 41-60

Payment Processing Associate information

What are some common challenges faced by payment processing associates, and how can they be effectively managed?

Payment Processing Associates often encounter challenges such as handling high transaction volumes, meeting strict accuracy standards, and navigating tight deadlines. To manage these, it's important to develop strong organizational skills and attention to detail, as even small errors can have significant financial impacts. Regular communication with team members and other departments, such as finance or customer service, can help resolve discrepancies quickly and ensure smooth workflow. Familiarity with payment processing software and a proactive approach to learning about regulatory compliance are also key to success in this role.

What is the difference between Payment Processing Associate vs Customer Service Representative?

AspectPayment Processing AssociateCustomer Service Representative
Required CredentialsHigh school diploma, basic financial or payment system knowledgeHigh school diploma, communication skills
Work EnvironmentFinance or payment processing departments, office settingCustomer support centers, call centers, office settings
Employer & Industry UsageFinancial institutions, payment companies, e-commerceRetail, telecom, service industries
Common Search & ComparisonFocuses on payment transactions, processing systemsFocuses on customer interactions, issue resolution

The Payment Processing Associate primarily handles payment transactions and ensures smooth processing within financial or e-commerce environments. In contrast, Customer Service Representatives focus on assisting customers with inquiries and resolving issues. While both roles require strong communication skills, Payment Processing Associates need knowledge of payment systems, making their roles more specialized in financial operations.

What does a payment processing associate do?

A Payment Processing Associate is responsible for managing and processing financial transactions, such as payments, invoices, and refunds, within a company. They ensure that all payments are accurately recorded, processed in a timely manner, and comply with internal policies and external regulations. Their duties may also include reconciling accounts, communicating with clients or vendors regarding payments, and resolving any payment discrepancies. This role is essential for maintaining the financial integrity and smooth operation of an organization's payment systems.

What are the key skills and qualifications needed to thrive as a payment processing associate, and why are they important?

To thrive as a Payment Processing Associate, you need strong attention to detail, numerical accuracy, and a solid understanding of financial transactions, often supported by a degree in finance, accounting, or related experience. Familiarity with payment processing software, ERP systems, and compliance protocols such as PCI DSS is typically required. Excellent organizational skills, problem-solving abilities, and effective communication help you manage high transaction volumes and resolve discrepancies efficiently. These skills ensure timely, error-free processing and compliance, which are critical for maintaining trust and operational integrity in financial operations.

What are the most commonly searched types of Payment Processing jobs in Virginia?

The most popular types of Payment Processing jobs in Virginia are:

What cities in Virginia are hiring for Payment Processing Associate jobs?

Cities in Virginia with the most Payment Processing Associate job openings:

Senior Associate - Global Payment Network Controls Testing Specialist

Capital One

Richmond, VA

Full-time

Posted 11 days ago


Capital One rating

7.7

Company rating: 7.7 out of 10

Based on 147 frontline employees who took The Breakroom Quiz

91st of 171 rated banks


Job description

Senior Associate - Global Payment Network Controls Testing Specialist

The Global Payment Network (GPN) Control Testing Team is seeking an experienced, highly motivated Controls Assessment and Testing specialist. The ideal candidate will have good organizational and communication skills and a proven background in evaluation of requirements compared to existing process and control coverage as well as the ability to identify gaps and solutions for gap closure.


This role involves understanding of requirements, controls, and corrective actions review and evaluation. In addition, the ideal candidate will be able to design and implement test plans and steps for testing controls and compose clear and concise grounding for findings. This will be a challenging role in a dynamic and fast-paced environment requiring ability to multi-task and prioritize assignments appropriately.

Responsibilities Include:

  • Perform assessment analysis of requirements, risks and controls to existing processes

  • Ability to develop and execute testing and reporting procedures

  • Ability to understand and communicate complex processes and alignment to risks and/or policy/regulatory requirements

  • Establish and maintain good client relations during testing engagements

  • Ability to create and deliver compelling verbal and written communications between business partners

  • Assist in the planning and execution of GPN control assessments

  • Manage to testing schedules to ensure all tasks and reporting are completed within established timeframes

  • Obtain and analyze test data from multiple sources, following testing protocols and leveraging job aids as needed

  • Systematically retain documents that substantiates test results

  • Submit test results in the system of record

  • Assist in communicating results to business areas and Credit Risk Management leadership as needed

Basic Qualifications:

  • Bachelor's degree

  • At least 1 year of experience in audit or controls testing or related review activities


Preferred Qualifications:

  • Bachelor's degree in Business, Finance, Accounting, Computer Science

  • Experience communicating test findings to internal or external stakeholders

  • Experience identifying, evaluating, and assessing risk-mitigating activities

  • At least 1 year of experience in Risk Management

At this time Capital One will not sponsor a new applicant for employment authorization for this position.

The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

Chicago, IL: $87,700 - $100,100 for Sr. Risk Associate


McLean, VA: $96,500 - $110,100 for Sr. Risk Associate


New York, NY: $105,300 - $120,100 for Sr. Risk Associate


Richmond, VA: $87,700 - $100,100 for Sr. Risk Associate


Riverwoods, IL: $87,700 - $100,100 for Sr. Risk Associate







Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate's offer letter.

This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at theCapital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

This role is expected to accept applications for a minimum of 5 business days.No agencies please. Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City's Fair Chance Act; Philadelphia's Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.

If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com

Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.

Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).


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