VISTA InfoSec

FEBRUARY 28, 2024

In our ongoing series of articles on the Payment Card Industry Data Security Standard (PCI DSS), we’ve been examining each requirement in detail. Changes Core Focus Limiting database access to programmatic methods (apps, stored procedures) and database administrators. Requirement v3.2.1 (8.7) Requirement 8.3.6: password and token).

PCI DSS 130

PCI DSS Best Practices Authentication Rules 130

VISTA InfoSec

AUGUST 22, 2023

This article delves into the intersection of GDPR and biometric data, with a focus on privacy concerns and regulatory compliance requirements. Nevertheless, specific exceptions detailed in Article 9 (2) provide flexibility to this prohibition. The AEPD reduced the initial fine of €3,150,000 due to voluntary payment.

Privacy 130

Privacy Compliance Legal Best Practices 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. The aim of this article is to lay out key cybersecurity tips that are instrumental in safeguarding both the public and private sectors in Singapore from digital threats.

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

The Payments Association

DECEMBER 16, 2024

This article explores FX risks in international payments and outlines strategies to minimise them, ensuring efficient and cost-effective operations. Best Practices for Managing FX Risks Diversification Strategies Diversifying your currency portfolio is an effective risk mitigation approach. process inefficiencies).

International Payments 88

International Payments Risk Payments Strategy Multi-Currency 88

Stax

DECEMBER 4, 2023

In this article, we’ll discuss everything you need to know about ensuring AML compliance as a payment facilitator (or PayFac). TL;DR An anti-money laundering (AML) program is a set of laws and procedures that seek to uncover attempts to disguise illicit money as legitimate. But training can’t be a one-off practice.

Money Laundering 88

Money Laundering Compliance AML Due Diligence 88

Clearly Payments

NOVEMBER 18, 2024

This article outlines how to structure your chargeback management team, define roles, implement processes, select the right software, and adhere to best practices. Best Practices for Chargeback Management Implementing industry best practices helps ensure a well-rounded and effective chargeback management strategy.

PCI DSS 59

PCI DSS Address Verification System (AVS) Disputes Card Network Rules 59

Stax

JANUARY 8, 2024

This article will help your business’s stakeholders understand the various risk factors to watch out for as well as the different types of risk management strategies to employ. Operational risks Also known as strategic risks, these are risks that may stem from a PayFac’s unsound business practices or faulty decision-making.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

Fi911

MAY 22, 2024

In this article, we will delve into the topic of credit card payment reversals. 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. Why Do Payment Reversals Happen?

Payer 89

Payer Address Verification System (AVS) Disputes Payee 89

VISTA InfoSec

JULY 5, 2023

This widely accepted set of policies and procedures is designed to enhance the security of credit, debit, and cash card transactions, while also protecting cardholders from the misuse of their personal information. We have published a comprehensive article on the topic.

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

Stax

AUGUST 22, 2024

In this article, we’ll discuss what SaaS companies looking to become payment facilitators need to know about risk management strategies. It can also help to teach them about best practices they can follow to prevent fraudulent transactions. Payfacs need to have regular AML screenings and strictly implement KYC procedures.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

FloQast

OCTOBER 27, 2023

Best Practices for Successful Compliance Management To implement an effective compliance management system, focus on best practices. Here are some compliance management best practices worth considering. Write clear internal policies and procedures : Staff at all levels must understand the rules.

Compliance 52

Compliance Best Practices Mitigation Procedures 52

Fi911

JANUARY 4, 2024

Key International Laws Impacting Chargeback Processes The US led the world in payment card adoption, and as such, also adopted a leading role in developing chargeback rules and best practices. As we speak, plans are being made for additional revisions to the Payment Services Directive, which will be known as PSD3.

Disputes 92

Disputes Laws Rules Governance 92

FloQast

APRIL 8, 2024

In this article, we define what a SOX material weakness is and provide actionable strategies and best practices to avoid it. This includes identifying key controls, establishing clear lines of authority and responsibility, and ensuring that policies and procedures are well-documented and communicated.

Compliance 52

Compliance Audit Best Practices Risk Assessment 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 68

Risk Management Risk PCI DSS Process 68

Fi911

NOVEMBER 7, 2023

Why is it non-negotiable for financial institutions across the globe, and how can you ensure that your institution is compliant with all AML procedures? This framework encompasses a series of regulations, policies, and procedures. These may align with industry best practices or other regulatory frameworks.

AML 52

AML Compliance Money Laundering OFAC 52

EBizCharge

JULY 12, 2024

This article lays out essential strategies to construct a clear and comprehensive guideline for expenditure. 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. What is an expense policy?

Compliance 52

Compliance Best Practices Procedures Process 52

Nanonets

SEPTEMBER 25, 2024

In this article, we’ll explore applications of AI and automation for bank statement processing. 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.

AI 52

AI Process Best Practices Reconciliation 52

Segpay

DECEMBER 13, 2024

Organizations must establish procedures for secure and compliant data deletion without compromising system integrity. This article was written by @SandeCopywriter on behalf of Segpay Feel free to contact Segpay if you have any further questions via sales@segpay.com * Questions & Answers Why is data privacy important?

Privacy 59

Privacy Compliance CCPA Authentication 59

EBizCharge

JUNE 27, 2024

This article will explore the intricacies of DSO, its importance, calculation methods, industry standards, contributing factors, and effective management techniques. Now that you know how to calculate days sales outstanding and valuable tools to use, you can familiarize yourself with some best practices. What is DSO?

Best Practices 52

Best Practices Adjustments Assessments Automation 52

The Payments Association

DECEMBER 9, 2024

What is this article about? This could involve regular audits of AI systems, rigorous testing procedures, and ongoing monitoring of their performance to identify and address discriminatory patterns. Why is it important? What’s next?

Privacy 88

Privacy AI Payment Security Security 88

PYMNTS

SEPTEMBER 27, 2016

A recent article by The Wall Street Journal showed fully autonomous robots picking and stacking goods in a Target distribution center in California. But, so what? What’s so bad about domestic and social isolation? The research is mixed on this.

Mobile Payments 72

Mobile Payments Online and Mobile Banking On-Demand Payments 72

Nanonets

MAY 31, 2023

This article explores the case for integrating AI into your finance function, the route to achieving it, and how your business can step change as a result. Technologies such as machine learning and natural language processing have revolutionized the finance function by automating and streamlining various financial procedures.

AI 122

AI Finance Fraud Detection Mitigation 122

Nanonets

APRIL 24, 2024

  This article discusses the significance of bank reconciliation audits and the role of automation in streamlining the process. 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.

Reconciliation 52

Reconciliation Audit Procedures Correspondent 52

Core

MAY 18, 2023

With a streamlined RFP system, your agency can boost procedural efficiency and productivity across every stage of an RFP for content management and payment processing. In this article, CORE offers recommendations for conserving valuable resources you can then use to serve your constituents.

RFP 52

RFP Process Governance Government 52

Segpay

MAY 1, 2024

Incident Reporting and Response: DORA mandates digital service providers to establish incident reporting and response procedures to promptly detect, report, and respond to security incidents, operational disruptions, and other events that could impact the provision of digital services.

Cybersecurity 52

Cybersecurity Compliance Procedures Risk Management 52

FICO

OCTOBER 26, 2017

This article is from Michael Blicker , a senior consultant in FICO's compliance solutions group. In addition, the financial institutions are facing technical issues due to the different reporting approaches (protocol, procedures and format), even though it is the same form 8966. And, when all we had in place was FATCA* that was true.

Compliance 53

Compliance IRS Agreements Audit 53

Nanonets

MAY 31, 2023

Lack of clarity and guidelines : Unclear policies and procedures can hinder the effectiveness of the spending approval process. It is important to establish clear guidelines on spending thresholds, approval levels, documentation requirements, and escalation procedures. Communicate spending policies and procedures clearly.

Process 52

Process Procedures Automation Risk 52

EBizCharge

JULY 16, 2024

This article will explore the essential aspects of staying compliant with NACHA rules, such as risk management, data security, authorization protocols, and more, to help institutions maintain the highest standards of operational integrity and customer trust. NACHA compliance requirements are reviewed and updated annually.

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

Nanonets

MAY 6, 2024

This article explores how leveraging a dedicated reconciliation software, BlackLine , not only minimises errors and enhances productivity by streamlining workflows and empowering finance professionals to focus on strategic initiatives.   BlackLine may present challenges for some organizations.

Reconciliation 52

Reconciliation Accounts Audit Automation 52

The Finance Weekly

FEBRUARY 22, 2023

Kunwar Chadha, FCMA, CGMA, encapsulated this idea succinctly in his , FM magazine article stating, "The first task was to. While some small companies may seem profitable on paper, they may lack cash reserves due to inadequate accounting practices. report numbers accurately and make timely payments to employees and suppliers."

Finance 52

Finance Best Practices Accounts Advisors 52

The Payments Association

OCTOBER 11, 2024

What is this article about? The reforms aim to address weaknesses in safeguarding practices, reduce consumer fund risks, and enhance regulatory compliance, particularly in preventing fund shortfalls. Firms should follow best practices, such as enhanced due diligence, to mitigate risks associated with third-party providers.”

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

EBizCharge

JULY 2, 2024

This article will explore ten straightforward methods for collecting payments from customers, highlighting the benefits and practical applications of each. Ease of use is another factor; simple payment procedures require less effort from customers, enhancing their overall experience with the brand.

Contactless Payments 52

Contactless Payments Payments Disputes Online and Mobile Banking 52

Nanonets

SEPTEMBER 21, 2023

In this article, we will explore common  accounting problems  faced by businesses and provide  solutions  to overcome them. By combining technology with the right strategies and best practices, businesses can successfully navigate  accounting challenges  and achieve financial success.

Accounts 52

Accounts Audit Payroll Compliance 52

Nanonets

JULY 28, 2023

Document workflow management procedures exist in most companies, but their formality varies. This article explores the significance of document workflow management and highlights key components of an effective workflow. However, careful planning is necessary to prevent the loss or inaccessibility of electronic documents.

Disaster Recovery 52

Disaster Recovery Automation Compliance Procedures 52

Segpay

OCTOBER 4, 2023

This may include clear affiliate agreements, regular monitoring of affiliate activities, education and training on relevant laws and regulations, and ongoing communication to ensure affiliates adhere to best practices. Do you want to know how international payment processor Segpay can help you to streamline and secure your business?

Security 52

Security Due Diligence Compliance Payments 52

EBizCharge

OCTOBER 17, 2023

This article will explore the processes involved in ACH payments, explaining how to distinguish returns vs. reversals and answering common questions such as what is an ACH return and can you reverse an ACH payment? Every day, billions of dollars in transactions are processed around the world.

ACH 52

ACH Returns RDFI ODFI 52

Nanonets

FEBRUARY 6, 2024

This article provides the most comprehensive guide to intercompany reconciliation and how automation can help you save time & cost! This article will focus on the first two steps - Data Collection & Reconciliation. Best Practices in Intercompany Reconciliation 1. Standardize tools & processes.

Reconciliation 52

Reconciliation Adjustments Automation Transactions 52