VISTA InfoSec

JUNE 19, 2024

Best Practices for Securing Video Communication Choose the Right Platform When evaluating different platforms, assess their security features comprehensively. Choose platforms that provide regular security updates and patches to address emerging vulnerabilities.

Risk 242

Risk Ransomware Phishing MFA 242

VISTA InfoSec

MARCH 5, 2024

specifically to visitor access procedures. Changes Scope Addresses specifically visitor access and authorization. Broadened to observe and interview for CDE-wide visitor management procedures. Same principle but adapted to check procedures across the CDE. Focused testing procedures. Specific Visitor Rules None v4.0

PCI DSS 147

PCI DSS Procedures Assessments Checks 147

VISTA InfoSec

FEBRUARY 16, 2024

a: Verify that software-development processes align with industry standards/best practices. - The software should be developed based on industry standards and/or best practices for secure development. - This ensures a clear documentation trail of security practices. PCI DSS v3.2.1 PCI DSS v4.0 Requirement 6.3

PCI DSS 100

PCI DSS Procedures Best Practices Verification 100

VISTA InfoSec

JULY 17, 2024

Best practices in multilingual cybersecurity compliance To keep your data secure in multilingual environments, it’s smart to follow some key steps. Develop and implement policies and procedures Developing and implementing policies ensures everyone knows what to do to keep data safe, no matter the language they speak.

Cybersecurity 186

Cybersecurity Compliance Encryption Best Practices 186

VISTA InfoSec

FEBRUARY 21, 2024

The procedures and methods for limiting access to system components and cardholder data, based on a business’s need-to-know basis, are clearly outlined and comprehended. The allocation and definition of access to system components and data are carried out appropriately. a: This one’s all about verification.

PCI DSS 130

PCI DSS Database Best Practices Procedures 130

VISTA InfoSec

FEBRUARY 13, 2024

This proactive stance enhances Singapore’s resilience against cyber threats and also serves as a model for global best practices in cybersecurity. This practice involves regularly applying patches and updates to software, operating systems, and applications to correct any potential security vulnerabilities.

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

Neopay

AUGUST 5, 2024

Effective safeguarding training covers the policies, procedures, and regulations that must be adhered to in order to minimise risks and maintain compliance with regulatory standards. Safeguarding procedures and training should be regularly reviewed and updated to reflect current risks and regulatory changes.

Compliance 52

Compliance Procedures Audit Risk Management 52

FloQast

APRIL 8, 2024

Addressing material weaknesses is not just a legal requirement but a cornerstone of corporate governance and ensuring investor confidence, no matter the company size. In this article, we define what a SOX material weakness is and provide actionable strategies and best practices to avoid it. What Is a Material Weakness?

Compliance 52

Compliance Audit Best Practices Risk Assessment 52

VISTA InfoSec

AUGUST 22, 2023

As technology advances and the use of biometric data becomes more prevalent, it is crucial to address the privacy concerns and regulatory compliance associated with this sensitive data. By addressing these issues, organizations can strike a balance between reaping the benefits of biometric technology and protecting individuals’ privacy.

Privacy 130

Privacy Compliance Legal Best Practices 130

EBizCharge

APRIL 26, 2024

AR management also helps minimize the risk of bad debt by implementing timely invoicing and diligent follow-up procedures, safeguarding profitability and financial stability. By implementing these best practices, you can ensure smoother operations and better financial outcomes for your business.

Accounts 52

Accounts Best Practices Disputes Procedures 52

EBizCharge

APRIL 26, 2024

Understanding these reasons will help your business effectively address invoicing issues and prevent discrepancies with customers. 5 common reasons for short payments Since there are several legitimate reasons why a customer may short pay an invoice, businesses should work to recognize and address these valid concerns promptly.

Disputes 52

Disputes Best Practices Procedures SWIFT 52

Stax

AUGUST 22, 2024

Understanding, addressing, and managing them is crucial for maintaining business operations while ensuring safe payment processing for clients. Let’s dive deeper into risk management practices for PayFacs. It can also help to teach them about best practices they can follow to prevent fraudulent transactions.

Risk Management 88

Risk Management Risk Regulatory Compliance Payment APIs and Integration 88

EBizCharge

JUNE 27, 2024

Now that you know how to calculate days sales outstanding and valuable tools to use, you can familiarize yourself with some best practices. Here are a few best practices to keep in mind when calculating DSO: Regularly monitoring: Calculate DSO regularly, such as monthly, to track trends and address issues promptly.

Best Practices 52

Best Practices Adjustments Assessments Automation 52

Nanonets

MAY 7, 2024

Through this guide, we will define what expense reconciliation is, explore its significance to companies, the formal methods of going about it, as well as the challenges and best practices involved. Perform Reconciliation Controls: Implement reconciliation controls and procedures to prevent future discrepancies and errors.

Reconciliation 52

Reconciliation Best Practices Compliance Credit Cards 52

EBizCharge

JULY 12, 2024

This policy outlines acceptable expenses, the procedures for submitting expenses for reimbursement, and the roles and responsibilities of staff and management in the expense reporting process. Enforcing explicit procedures for approval and reimbursement creates a standard for audits. What is an expense policy?

Compliance 52

Compliance Best Practices Procedures Process 52

Clearly Payments

JANUARY 4, 2024

This guide aims to provide merchants with an overview of cryptocurrency payments, highlighting the advantages, challenges, and best practices for integrating crypto payment methods into their business operations. This section covers some of the best practices for merchants in the realm of cryptocurrency.

Cryptocurrency 105

Cryptocurrency Stablecoins Cross-Border Payments Digital Currency 105

Fi911

MAY 22, 2024

Different types of payment reversals exist, each with distinct procedures and implications. That said, there are some best practices that merchants can deploy to prevent many payment reversals. Address customer complaints and inquiries promptly to resolve potential issues before they escalate.

Payer 79

Payer Address Verification System (AVS) Disputes Payee 79

Nanonets

FEBRUARY 21, 2024

Businesses are encouraged to familiarize themselves with the procedural steps of cash reconciliation, adopt best practices to enhance accuracy, and consider the benefits of automating the process to mitigate risks associated with manual reconciliation.

Reconciliation 52

Reconciliation Best Practices Automation Point-of-Sale (POS) 52

Seon

JUNE 24, 2024

It prevents issues such as payment fraud, account fraud (and misuse), loan fraud, and conducting business with high-risk individuals , as well as a stipulated practice for anti-money laundering (AML) compliance. Employee training on identity risk management best practices strengthens organizational defenses.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

Stax

JANUARY 8, 2024

To establish an effective risk management program as a PayFac, you must establish a dedicated risk management team, utilize the right tools and technology, develop proper risk management policies and procedures, conduct regular risk audits, and stay up-to-date with the latest industry regulations.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

Neopay

JULY 4, 2024

Actions taken : Describe actions taken to address any risks or issues identified. Related policies and procedures : Review policies like Complaints Handling, Vulnerable Customer protocols, and Customer Onboarding processes. High-risk products and services : Update on any high-risk products, services, and customer segments.

Consumer 52

Consumer Risk Assessment Assessments Compliance 52

FloQast

MARCH 1, 2024

The Sarbanes-Oxley Act of 2002 , commonly referred to as SOX, reflected a bipartisan congressional effort to address the root causes of those financial scandals. The following recommendations help ensure your compliance procedures pay off. Execute a Fraud Risk Analysis First, conduct a thorough fraud analysis.

Audit 52

Audit Compliance Assessments Procedures 52

The Fintech Times

MAY 30, 2024

To address this issue, the cryptocurrency industry must enhance its compliance frameworks. Implement robust AML and KYC procedures This is essential, as these measures help prevent illicit activities such as money laundering and terrorist financing. But what can actually be done to this effect? Well, let’s take a look.

Compliance 64

Compliance Security Legal Blockchain 64

Segpay

MAY 1, 2024

The Act aims to ensure digital services’ continuity, security, and stability, particularly in critical sectors such as finance, by addressing various operational risks, such as cyber threats, system failures, and operational disruptions. A risk-based testing approach is required to detect and address potential ICT disruptions.

Compliance 52

Compliance Cybersecurity Procedures Risk Management 52

VISTA InfoSec

JULY 5, 2023

Personal Data: Personal information such as addresses, phone numbers, e-mails, passport data, social status, and unique identification numbers are available in a secure healthcare database. Regularly test and assess network vulnerabilities to identify and address any weaknesses. PCI DSS does not mention meaningful usage.

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

Global Fintech & Digital Assets

MARCH 5, 2024

Banks are expected to apply the follow guidance in connection with their digital asset custodial services: Governance and risk management : Prior to launching digital asset custodial services, banks are expected to undertake a comprehensive risk assessment and to implement appropriate policies and procedures to mitigate identified risks.

Authorization 59

Authorization Product Due Diligence Procedures 59

Neopay

JUNE 27, 2024

Compliance policies and procedures: Develop comprehensive compliance policies and procedures that address key regulatory requirements, such as anti-money laundering (AML) and Know Your Customer (KYC) obligations (see below). This includes redundant systems, backup facilities, and disaster recovery procedures.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

Nanonets

APRIL 24, 2024

This audit aims to verify the accuracy and completeness of the bank reconciliation procedures and ensure that they are conducted in accordance with established accounting standards and regulatory requirements. Testing Controls : The auditor evaluates the effectiveness of internal controls related to bank reconciliation processes.

Reconciliation 52

Reconciliation Audit Procedures Correspondent 52

Nanonets

SEPTEMBER 22, 2023

  Accounts receivable financing  options, such as factoring and invoice discounting, can help businesses address cash flow challenges. To facilitate efficient  accounts receivable management , businesses need to establish clear procedures and adopt best practices.

Accounts 52

Accounts Best Practices Automation Procedures 52

Nanonets

SEPTEMBER 22, 2023

By implementing  best practices  and leveraging automation tools, you can maximize the potential of your  accounts payable department. Implementing  best practices  can streamline operations, reduce errors, and enhance performance.

Accounts 40

Accounts Best Practices Automation Compliance 40

FloQast

APRIL 7, 2024

In this article, we will look at best practices for enhancing your close and how automated software tools can help you reduce completion times. Accordingly, companies should implement a system to isolate and track each component of their close process as best practice.

Best Practices 52

Best Practices Reconciliation Close Processes Automation 52

Nanonets

MAY 31, 2023

It is essential to be aware of these challenges so that they can be proactively addressed, ensuring a smooth transition to an effective approval process. Lack of clarity and guidelines : Unclear policies and procedures can hinder the effectiveness of the spending approval process. Communicate spending policies and procedures clearly.

Process 52

Process Procedures Automation Risk 52

Fi911

JANUARY 4, 2024

The Fair Credit Billing Act (FCBA) Passed in 1974, the FCBA addressed concerns about credit card theft and fraud. It mandated the creation of the chargeback process, limiting customer liability in fraud cases and allowing cardholders to dispute deceptive merchant practices. What are the Chargeback Time Limits?

Disputes 82

Disputes Laws Rules Government 82

Nanonets

SEPTEMBER 21, 2023

By combining technology with the right strategies and best practices, businesses can successfully navigate  accounting challenges  and achieve financial success. Furthermore, implementing standardized data management procedures and guidelines can enhance the consistency and accuracy of financial reports.

Accounts 52

Accounts Audit Payroll Compliance 52

Fintech News

JULY 4, 2024

AI can streamline regulatory processes, enhancing the efficiency of know-your-customer (KYC) and anti-money laundering (AML) procedures. This could help address the decline in correspondent banking relationships, a concern highlighted in the BIS report.

Central Bank 82

Central Bank AI Correspondent Bank Correspondent 82

EBizCharge

JULY 2, 2024

Ease of use is another factor; simple payment procedures require less effort from customers, enhancing their overall experience with the brand. Best practices for collecting customer payments Businesses should adopt best practices that streamline the payment process and address customer preferences to collect customer payments effectively.

Contactless Payments 52

Contactless Payments Payments Disputes Online and Mobile Banking 52

PYMNTS

JANUARY 26, 2021

Clearly, things have changed a lot in terms of workplace rules and best practices since the early lockdown days last March, and the task of keeping up with it all — especially for large companies with multiple dispersed locations to manage — can be quite formidable. “So Moving Target.

Posting 116

Posting Automation Best Practices Compliance 116