EBizCharge

JANUARY 14, 2025

Data encryption is crucial for a payment gateway since it converts sensitive information, like credit card details, into a secure format to prevent unauthorized access during online payments. Therefore, your company should address any technical issues early on and work with a processor that handles most of the setup for you.

Payment Gateways 52

Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking 52

EBizCharge

JUNE 4, 2024

The system’s efficiency mitigates late and missed payments, contributing to a steady and predictable cash flow. Security and fraud prevention Security is paramount in payment processing, and Acumatica provides robust tools and standards to protect sensitive data.

Credit Cards 52

Credit Cards Process Payment Gateways Best Practices 52

The Finance Weekly

DECEMBER 30, 2021

Heightened Data Security A data security breach is one of the CFO’s biggest nightmares. To prevent harm to your network and mitigate risk, consider requiring multi factor authentication to access company data, encrypting email, securing email attachments, and implementing other best practices.

Technology 52

Technology MSPS Small Business Data Security 52

FloQast

MAY 13, 2024

New legislation, IRS guidance, and auditing standards will address blockchain technology, artificial intelligence, data privacy, cybersecurity, and other emerging issues. Ensuring all solution providers you work with employ data encryption, both during transmission and while data is at rest.

Accounts 52

Accounts Technology Cybersecurity Audit 52

Exact Payments

FEBRUARY 5, 2024

In the ever-evolving landscape of software development, independent software vendors (ISVs) find themselves at the forefront of innovation, creating cutting-edge solutions to address the dynamic needs of businesses and consumers alike.

ISVS 52

ISVS PCI DSS Encryption Authentication 52

Core

SEPTEMBER 15, 2023

Kiosk payments mitigate these risks by managing payments electronically with built-in encryption, secure data storage, and authentication measures. Kiosks address these issues to: Allow citizens to check availability and book facilities on-site, reducing overbooking.

Government 52

Government Governance Transactions Security 52

Segpay

JUNE 13, 2024

SMBs also fall victim to cyber criminals, as many lack the resources and knowledge to set up threat mitigation strategies, leaving them vulnerable to attacks. Look for secure online payment websites by finding for the ”https” prefix in their URL and a padlock icon in the address bar. But it’s not just big companies who face this risk.

Best Practices 40

Best Practices Processors Transactions Security 40

Nanonets

NOVEMBER 20, 2023

Exception Handling: Addressing and resolving any discrepancies or exceptions identified during the verification process. Addressing these obstacles is crucial for organizations aiming to optimize their invoice approval workflows. This helps ensure that the goods or services were indeed ordered, received, and invoiced accurately.

Payment Reconciliation 52

Payment Reconciliation Automation Reconciliation Verification 52

Nanonets

SEPTEMBER 22, 2023

By implementing  vendor management solutions , organizations can optimize their procurement process, make informed decisions based on vendor performance data, improve communication and collaboration, and mitigate risks associated with manual processes.

Automation 52

Automation Compliance Risk Process 52

Nanonets

SEPTEMBER 21, 2023

Another essential factor to consider when integrating EDI payment is data security. A reputable EDI payment provider will offer data encryption and other security measures to safeguard your business data. You can conduct test payments and monitor the entire process to identify and address any issues.

Payment Solutions 52

Payment Solutions Payee Payments Payer 52

Ikajo

NOVEMBER 22, 2023

Risk mitigation Given that PayFacs handle the most sensitive information of customers – their payment data – they must keep it secure and detect unauthorized transactions. Look into their payment fraud prevention measures, including data encryption, anti-fraud filters, and adherence to PCI DSS.

Facilitators 52

Facilitators Payment APIs and Integration PCI DSS Payments 52

Nanonets

SEPTEMBER 21, 2023

By proactively addressing these challenges, businesses can ensure a smooth transition and maximize the value of automation. Providing adequate training and support, along with emphasizing how automation can enhance their work and free up time for more strategic tasks, can help mitigate resistance to change.

Automation 52

Automation Finance Assessments Compliance 52

Nanonets

NOVEMBER 15, 2023

But with a paperless accounts payable system, seamless data flow and automated workflows ensure these challenges are effectively mitigated. Look for features that specifically address your needs. If data entry errors are a problem, opt for a system with advanced OCR technology for accurate, automated data extraction.

Accounts 52

Accounts Payment APIs and Integration Audit Automation 52

Nanonets

JULY 21, 2023

Any irregularities are quickly identified, allowing for immediate investigation and mitigating the potential damage of fraudulent activities. Risk Identification: Timely identification of risk situations, helping businesses proactively address potential issues. Reporting capabilities: Generation of various reports to track business.

Reconciliation 52

Reconciliation Payment APIs and Integration Automation Audit 52

The Payments Association

NOVEMBER 27, 2024

The advanced security capabilities embedded within this solution include data encryption, isolation of customer environments, embedded Hardware Security Modules with the highest security certification, and a versatile governance framework that removes single points of compromise and helps mitigate the risks associated with malicious actors.

Security 88

Security Data Encryption On-Demand Encryption 88