The Finance Weekly

MAY 20, 2024

During bank reconciliation, companies compare their bank statements with the cash accounts in their general ledger , identifying discrepancies and making necessary adjustments for unrecorded transactions, like outstanding deposits or new bank fees. Outstanding deposits will increase the balance, while outstanding withdrawals will decrease it.

Reconciliation 130

Reconciliation Adjustments Best Practices Wire Transfer 130

FICO

FEBRUARY 5, 2018

In this blog, Bob shares insights into best practices he’s found for creating a culture of fraud prevention. Best Practices in Establishing Your Fraud Risk Appetite. The post Best Practices in Fraud Management: Q&A with Bob Shiflet appeared first on FICO.

Best Practices 60

Best Practices Identity Theft Online and Mobile Banking Risk 60

Nanonets

JANUARY 31, 2024

This can be streamlined by preparing a checklist, applying best practices, and automating tasks using reconciliation software. However, balances generally do not match; they have to be adjusted due to accounting errors, banking errors, and refunds. There could also be errors made in the bank statement that need to be adjusted.

Best Practices 52

Best Practices Reconciliation Adjustments Correspondent 52

Neopay

JANUARY 30, 2025

Best practices for strengthening controls To enhance the fight against money mule activity, firms should: Increase NFD reporting Firms must take a more consistent approach to reporting money mules, ensuring that all cases meeting the standard of proof are submitted.

Financial Crimes 59

Financial Crimes Fraud Detection Crime Best Practices 59

The Fintech Times

MARCH 27, 2025

If you’re considering launching your own podcast, here are some best practices I recommend: Before hitting record, define your podcast’s niche and purpose. Use this data to adjust your content, improve guest selection, and refine your podcasts format to better serve your audience. Who is your target audience?

Authorization 59

Authorization Best Practices Authentication Adjustments 59

VISTA InfoSec

MARCH 6, 2024

Testing aligns with the slightly narrowed focus (read access) but retains the emphasis on practical verification. Minor adjustments to testing scope. System Configuration Outlines specific best practices (central time servers, external sources based on Atomic Time/UTC, peer syncing). In PCI DSS v4.0, 10.4.1 – 10.4.3)

PCI DSS 130

PCI DSS Procedures Best Practices Risk Assessment 130

FICO

FEBRUARY 26, 2021

When a customer visits you through online or mobile channels in the last 6 months, you can flag this behavior and send them the appropriate interaction, then measure the impact to adjust as needed. Use Deposit Data to Manage Risk. Did your organization grant payment deferrals with certainty that the customer was in need of them?

Best Practices 52

Best Practices Deposit Account Automation Adjustments 52

Fintech News

MARCH 12, 2024

Tessa Wijaya Tessa commented on the venture, stating the company’s intent, “With our hyperlocal expertise and global best practices, we will be bringing more local payment methods and direct integrations to banks in Thailand that can help to catalyse economic progress and drive positive change for the communities.”

Best Practices 110

Best Practices Economy Adjustments Transactions 110

VISTA InfoSec

FEBRUARY 21, 2024

This requirement is a best practice until 31 March 2025.) Perform bi-annual reviews of user accounts (including vendors). Ensure access aligns with roles, adjusting it if needed. Obtain official sign-off for appropriate access.

PCI DSS 130

PCI DSS Database Best Practices Procedures 130

The Finance Weekly

MAY 25, 2022

Oftentimes after calculating the details, the mission statement will be adjusted to better reflect reality. This result gives executives a glimpse into the future so that they can determine whether or not adjustments need to be made to the budgeting or planning aspects. Budgeting and Forecasting Best Practices.

Adjustments 130

Adjustments Finance Best Practices Consumer 130

Stax

MAY 20, 2024

The timing of the revenue recognition will vary depending on the length of the subscription period, the product itself, and whether any discounts or rebates are in effect that require adjusting entry of revenue. Q: How do you adjust for unearned revenue?

Accounts 167

Accounts Adjustments Legal Agreements 167

The Finance Weekly

DECEMBER 15, 2024

Budgeting Best Practices Align Budget with Goals: Your campaigns and channels should directly support your objectives. Stay Agile: Be prepared to adjust your budget as circumstances change. Regular evaluation ensures you can identify whats working and adjust what isnt.

Process 130

Process Audit Adjustments Best Practices 130

Fintech News

FEBRUARY 7, 2024

Developers are also encouraged to review their apps’ permissions and adhere to best practices to avoid potential blocks by Play Protect. Eugene Liderman “Together with CSA, we will be closely monitoring the results of the pilot program to assess its impact and make adjustments as needed.

Blocks 107

Blocks Scams Best Practices Adjustments 107

VISTA InfoSec

MAY 2, 2024

Instead, you pay a predictable monthly fee that adjusts based on your specific needs and growth—a much more budget-friendly approach. Managed IT service providers use proactive monitoring and maintenance practices that quickly spot and fix issues before they turn into major headaches.

Cybersecurity 130

Cybersecurity Legal Compliance Best Practices 130

Paystand

OCTOBER 24, 2024

Bank reconciliation process: Step-by-step Why bank reconciliation is important Challenges in bank reconciliation Best practices for bank reconciliation Key Takeaways Bank Reconciliation Essentials : Aligning internal records with bank statements helps finance teams ensure financial accuracy and detect discrepancies.

Reconciliation 40

Reconciliation Best Practices Adjustments Returns 40

VISTA InfoSec

MARCH 5, 2024

narrows its target to restrict direct console access in sensitive areas, makes locking unattended consoles an explicit requirement, and adjusts testing to verify this specific locking. Focused testing, still verifying core protection. PCI DSS v4.0 Requirement v3.2.1 (9.2) 9.3.1 & 9.3.2) PCI DSS v4.0 Requirement 9.5.1.2.1:

PCI DSS 147

PCI DSS Procedures Assessments Checks 147

Fintech News

JUNE 20, 2024

Combining Generative AI and innovative payments engine – 4 promising use cases Based on its clients’ best practices, OpenWay has identified four areas where the combination of Gen AI and an advanced payment processing platform delivers maximum benefits.

Use Case 122

Use Case AI Multi-Currency Payments 122

EBizCharge

AUGUST 5, 2024

This article will explain what billbacks are, how they work, and best practices for managing them. A billback is an adjustment made to an invoice to reflect additional charges or credits after the transaction has been completed. These challenges make staying informed on best practices for managing billbacks imperative.

Best Practices 52

Best Practices Disputes Adjustments Processors 52

Clearly Payments

FEBRUARY 3, 2024

Best Practices for Integrating BNPL Navigating this BNPL landscape requires strategic implementation to harness its full potential and mitigate potential pitfalls. Here are key best practices for merchants thinking to use BNPL: Partner with the Right Provider: Selecting the best BNPL provider is important.

BNPL 104

BNPL Payments Mitigation Best Practices 104

EBizCharge

DECEMBER 3, 2024

The card network communicates with the issuer to verify the transactions and adjust the account balances accordingly. 4 tips for optimizing the credit card settlement process To optimize the credit card settlement process, merchants can adopt several best practices that help ensure efficiency and minimize delays.

Credit Cards 52

Credit Cards Settlement Finance Issuers 52

PYMNTS

DECEMBER 23, 2020

For others a bit more advanced along their digitization journeys, however, executives had greater agility to adjust existing processes amid the new normal. They can help you get best practices into your company, rather than you having to sit down and rethink and reinvent all of the nuances and details.”.

Adjustments 81

Adjustments Best Practices Payroll Addressing 81

FloQast

FEBRUARY 24, 2025

3 Best Practices for Engaging Teams You know what you have to do, but ho w can you do it is the question? Leaders must also play an active role in championing the cause, addressing concerns, and gathering feedback to make adjustments as needed. Build trust and add company culture into your onboarding process.

Accounts 52

Accounts Process Best Practices AI 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

Nanonets

SEPTEMBER 25, 2024

We'll also guide you through setting up an efficient bank statement processing system and share best practices to transform this data flood into a strategic asset. 💡 Best practices:  1.   💡 Best practices:  1. 💡 Best practices:  1.

Process 52

Process AI Best Practices Reconciliation 52

VISTA InfoSec

NOVEMBER 4, 2024

Best practices for implementing the DORA compliance 1. Engage qualified external auditors for regular assessments DORA highlights the need for entities to periodically review and adjust their ICT risk management frameworks, emphasizing ongoing assessments to identify and address vulnerabilities.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Best practices for implementing the DORA compliance 1. Engage qualified external auditors for regular assessments DORA highlights the need for entities to periodically review and adjust their ICT risk management frameworks, emphasizing ongoing assessments to identify and address vulnerabilities.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Best practices for implementing the DORA compliance 1. Engage qualified external auditors for regular assessments DORA highlights the need for entities to periodically review and adjust their ICT risk management frameworks, emphasizing ongoing assessments to identify and address vulnerabilities.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Best practices for implementing the DORA compliance 1. Engage qualified external auditors for regular assessments DORA highlights the need for entities to periodically review and adjust their ICT risk management frameworks, emphasizing ongoing assessments to identify and address vulnerabilities.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

Nanonets

OCTOBER 3, 2024

Finally, we will wrap up with key takeaways and best practices to keep in mind throughout the fine-tuning process, ensuring you achieve the best possible performance from your VLM. Full Model Fine-Tuning Full model fine-tuning involves adjusting the entire set of parameters of a pre-trained model.

Adjustments 105

Adjustments Use Case Process Returns 105

Stax

SEPTEMBER 26, 2024

Transparency in billing practices helps customers understand what they pay for and provides a reference point in case of disputes. 4 Best Practices for Implementing Credit Card Surcharges Adding these transaction fees without alienating customers is a challenge for large-scale and small businesses. Request a free demo today.

Credit Cards 88

Credit Cards Caps Best Practices Laws 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

Stax

FEBRUARY 5, 2024

That’s why understanding surcharging—including its definitions, types, calculating methods, and best practices—can help you incorporate surcharging into your operations. Common in transportation and logistics, fuel surcharges adjust for fluctuations in fuel prices. How fair and equitable are your surcharging practices?

Credit Cards 88

Credit Cards Legal On-Demand Regulatory Compliance 88

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. Recording the starting cash amount in the drawer, itemized by bill and coin types.

Reconciliation 52

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

Clearly Payments

JANUARY 8, 2024

Chargeback Management Best Practices Chargebacks pose a significant challenge for merchants, impacting both financial stability and reputation. Implementing effective chargeback management practices is essential to minimize their occurrence and address disputes promptly. Read this article on what is a good chargeback rate.

Risk Management 97

Risk Management Risk PCI DSS Process 97

EBizCharge

APRIL 26, 2024

Accounting teams are tasked with identifying discrepancies, communicating with clients to rectify payment issues, and adjusting cash flow forecasts accordingly. Resolution: For valid disputes, negotiate a mutually acceptable resolution, such as a payment plan or an adjustment to future payment terms.

Disputes 52

Disputes Best Practices Procedures SWIFT 52

Nanonets

SEPTEMBER 17, 2024

The reason for the success of these two papers is also the fundamental concept what makes a VLM work - Facilitate effective communication between visual and textual representations, by adjusting image embeddings from a visual backbone to make them compatible with a text backbone.

Best Practices 97

Best Practices Adjustments Research Assessments 97

Nanonets

JUNE 21, 2023

This article will provide a comprehensive guide to reconciling payments, its importance, challenges faced, best practices, and the role of automation in enhancing the process. Step 5: Adjust payment records After resolving discrepancies, adjustments need to be made to the payment records to reflect the accurate information.

Payment Reconciliation 52

Payment Reconciliation Reconciliation Best Practices Automation 52