Payments Source

AUGUST 7, 2018

Lack of preparation for a PCI DSS assessment usually results in unexpected and unnecessary expenses, as well as lost productivity among all parties involved, writes Marc Punzirudu, director of security consulting services at ControlScan.

PCI DSS 72

PCI DSS Audit Assessments Consulting 72

Stax

AUGUST 22, 2024

PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. PayFacs also handle risk assessment, underwriting, settling of funds, compliance, and chargebacks. Additionally, you need to conduct regular compliance training for your staff and internal audits.

Risk Management 88

Risk Management Risk Regulatory Compliance Payment APIs and Integration 88

Neopay

MARCH 14, 2024

It will be consulting this year on proposals to close gaps in protection and reduce risks of harm if firms fail. This includes proposals on firms’ systems and controls and improving FCA oversight through improved reporting and independent audit of firms safeguarding arrangements.

Audit 59

Audit Risk Assessment Reconciliation Due Diligence 59

VISTA InfoSec

JULY 31, 2023

After completing all the applicable requirements and steps mentioned in the PCI DSS checklist, businesses may engage a Qualified Security Assessor (QSA) to perform a formal assessment of their compliance with the PCI DSS. If any areas of non-compliance are identified during the assessment, the QSA will report their findings to the business.

PCI DSS 130

PCI DSS Security Encryption Compliance 130

Neopay

JANUARY 2, 2024

In an exclusive interview with Neopay’s Consultancy Manager, Margita Layne, we delve into the pivotal role of internal and external monitoring in ensuring regulatory compliance within the financial services sector. Moreover, firms should confirm that their chosen partners can deliver audits in accordance with the required scope of work.

Regulatory Compliance 59

Regulatory Compliance Compliance Audit Procedures 59

Stax

DECEMBER 4, 2023

An effective AML compliance program must include Know Your Customer (KYC) protocols, transaction monitoring and reporting, risk assessment and categorization, and training and awareness for staff. Risk assessment and categorization The first step towards mitigating risk is to assess it.

Money Laundering 88

Money Laundering Compliance AML BSA 88

VISTA InfoSec

MAY 2, 2024

Regular audits and updates ensure your systems comply with industry regulations, offering you peace of mind and protecting your critical business information. Managed IT support also include continuous monitoring and regular network security assessments, crucial for identifying vulnerabilities and implementing preventive measures.

Cybersecurity 130

Cybersecurity Legal Compliance Service Provider 130

Neopay

JUNE 27, 2024

If you are partnering with a consultancy firm, make sure they provide workshops and training to help you ensure that you have a good understanding of the regulations that apply and, more importantly, how they apply to your specific business model and services.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

FloQast

MARCH 21, 2024

Regulatory changes to legislation, auditing standards, and financial reporting requirements According to KMPG’s 2023 SOX Report , respondents spend an average of $1.6 Regulatory changes to legislation, auditing standards, and financial reporting requirements According to KMPG’s 2023 SOX Report , respondents spend an average of $1.6

Compliance 52

Compliance Audit Automation Risk Assessment 52

Neopay

JULY 2, 2024

Outcome metrics : The review noted a range of metrics used by firms to assess outcomes, from customer complaints and satisfaction surveys to retention rates and claims ratios. Adopt comprehensive metrics : A blend of different metrics should be used to monitor and assess consumer outcomes thoroughly. Registration is required to attend.

Consumer 52

Consumer Compliance Regulatory Compliance Assessments 52

Fintech News

MAY 19, 2024

Personalized products and services Muthukumar Krishnan, senior partner at Infosys Consulting, highlights in a blog post the significance of data analytics for personalization and customer experience. This approach involved identifying psychological barriers to buying, auditing the sales process, and optimizing sales performance.

Rules 85

Rules Non-Bank Audit Central Bank 85

Fintech News

MAY 22, 2024

Arctic Intelligence (Australia) Headquartered in Sydney, Australia, Arctic Intelligence is a multi-award-winning regtech company specializing in financial crime risk assessment technologies. Founded in late 2015, the company provides regulated entities with tools to manage audit, risk, and compliance programs effectively.

Financial Crimes 82

Financial Crimes Crime APACS Risk Assessment 82

Nanonets

SEPTEMBER 21, 2023

Regular audits and reconciliations can also help identify any discrepancies and fraudulent transactions. Utilizing compliance  software  and seeking professional advice from consultants can also help businesses navigate complex regulatory landscapes.

Accounts 52

Accounts Audit Payroll Compliance 52

PYMNTS

JUNE 18, 2019

Corporate auditing and accounting firm KPMG remains in the crosshairs of regulators in various parts of the globe. Reports in The Street on Monday (June 17) said the case stems from the SEC’s investigation into allegations that KPMG employees cheated on internal training exams and used stolen information to alter previous audits.

Audit 46

Audit Regulations Accounts Settlement 46

The Fintech Times

MAY 15, 2024

“To mitigate this, organisations should consult with data protection experts and keep abreast of regulatory changes and develop a more robust security strategy. He discussed how the ICO’s most recent chapter , which opened for consultation this week, covers individual rights when training and deploying generative AI models.

Cybersecurity 72

Cybersecurity AI Governance Government 72

VISTA InfoSec

SEPTEMBER 15, 2023

Appoint a data auditor to assess compliance with the Act. Conduct Data Protection Impact Assessments (DPIA) and periodic audits as per rules. However, it’s still up in the air whether these rules will be opened up for stakeholder consultation. Clause 10(2)(a) DPDP Act.) Clause 10(2)(b) DPDP Act.) Clause 10(2)(c) DPDP Act.)

Data Breach 130

Data Breach Breach Governance Government 130

Global Fintech & Digital Assets

MARCH 5, 2024

The guidance continues the momentum of digital asset regulation in Hong Kong, following a raft of other rules and consultations recently published by Hong Kong regulators. All of this recent guidance aims to deliver more certainty for banks and securities firms seeking to capitalise on developments in digital assets and tokenisation.

Authorization 59

Authorization Product Due Diligence Procedures 59

FloQast

MAY 13, 2024

From automated bookkeeping and bank reconciliations to AI-driven tax preparation and audit processes, these new technologies enhance efficiency and accuracy and give accountants more time to focus on higher-level, more strategic work. This technology offers an immutable ledger, reducing fraud risks and ensuring a clear audit trail.

Accounts 52

Accounts Technology Cybersecurity Audit 52

Exact Payments

JANUARY 4, 2024

Remember that failing to meet these standards can result in significant consequences, such as fines, loss of business, and ongoing audits to demonstrate compliance. Maintaining a secure network demands anti-virus mechanisms that consistently remain active, use up-to-date signatures, and generate auditable logs.

PCI DSS 52

PCI DSS Compliance Audit Encryption 52

Center for Payments

SEPTEMBER 15, 2022

The purpose of a Business Continuity Plan is to focus on a subset of operational risk factors, identifying, assessing, and reducing risk to an acceptable level through the development, implementation, and maintenance of a written, enterprise-wide business continuity plan.

FFIEC 40

FFIEC Risk Assessment Business Continuity Federal Reserve 40

Stax

JULY 16, 2024

As a business owner, we suggest that you take the PCI SAQ (Self-Assessment Questionnaire) to check if your business is compliant. As a business owner, we suggest that you take the PCI SAQ (Self-Assessment Questionnaire) to check if your business is compliant. To learn more, contact one of our experts today and request a consultation.

PCI DSS 88

PCI DSS Compliance Credit Cards Encryption 88

VISTA InfoSec

SEPTEMBER 14, 2023

Data processing involves activities such as: Collection Recording Organization Structuring Storage Retrieval Adaptation or alteration Consultation Use Disclosure by transmission Dissemination or other methods of making personal data sets accessible. Data Processor Classification: On the other hand, U.S. Wondering how to comply?

Compliance 130

Compliance Privacy Processors Legal 130

VISTA InfoSec

JULY 5, 2023

Patients can access online consultations with doctors. Regularly test and assess network vulnerabilities to identify and address any weaknesses. Most merchants are in Levels 1-3 and can show they’re compliant just by filling out a Self-Assessment Questionnaire (SAQ). If you process at least 1 million, 2.5

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

The Fintech Times

AUGUST 2, 2024

Hallucinations have the potential to hinder compliance processes, where assessing the whole-risk picture and thoroughly understanding who they are doing business with are essential. An additional 50 per cent say it has value in enhancing accuracy. Interestingly, the report also found that AI adoption in risk and compliance is on the rise.

AI 59

AI Compliance Regulations Risk 59

FloQast

DECEMBER 13, 2023

It was known as the Corporate and Auditing Accountability, Responsibility, and Transparency Act. On April 24, 2002, the House passed Oxley’s bill by a vote of 334 – 90 and forwarded the bill to the Senate. However, the Senate Committee on Banking, Housing, and Urban Affairs was also drafting its own bill and needed help.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52

Nanonets

MAY 31, 2023

Deviations should be assessed to see if they fall within tolerance limits to proceed with invoice processing or revert the invoice to the vendor for corrections. building rent and maintenance charges, advertisement costs, legal or consulting services, and more. This type of matching is subject to an internal invoice approval process.

Automation 52

Automation Audit Process Duplicate 52

EBizCharge

OCTOBER 25, 2023

Conduct data audits periodically to determine which data is essential. Assess each type of data and consider whether it is necessary. Next, your team should assess the scope of the breach. Assess the scope of the breach Assessing the scope of the breach is a time-intensive process. If not, then stop collecting it.

Best Practices 52

Best Practices Data Breach Breach Phishing 52

The Finance Weekly

MAY 25, 2023

This helps them maintain one source of truth and eliminates issues with audit control and different versions. It is also important to note that consulting services are available for an additional cost of $250 per month and are limited to a maximum of 4 hours per month.

Finance 52

Finance Automation Small Business Audit 52

Stax

FEBRUARY 5, 2024

Healthcare providers, for instance, may factor in compliance costs spent on cybersecurity measures, staff training, regular audits, and legal consultations to ensure adherence to health information privacy regulations. By understanding industry norms, you align your surcharge practices with market expectations. Regulatory Compliance.

Credit Cards 88

Credit Cards Legal On-Demand Regulatory Compliance 88

EBizCharge

JUNE 6, 2024

By running multiple test transactions, businesses can examine real-time data updates, assess the user experience, and ensure customer card data is handled securely. Conducting regular security audits helps identify and mitigate these potential vulnerabilities.

Credit Cards 52

Credit Cards Process Payment Gateways Gateways 52

EBizCharge

MAY 14, 2024

Follow these steps to position your business for a seamless transition: Assess your business’s needs To start, identify the specific billing needs of your business. Consulting both platform providers can be beneficial, as they may offer technical support or integration services to facilitate a hassle-free setup.

Automation 52

Automation Payment APIs and Integration Best Practices Online and Mobile Banking 52

Ikajo

MAY 19, 2021

Assess the risks before implementing new equipment or software and apply patches when needed. Use a self-assessment questionnaire designed for your business type to evaluate your preparedness. For large enterprises, a PCI DSS audit is needed. Using the latest antivirus software. Access control. Your setup.

PCI DSS 52

PCI DSS Compliance Encryption Security 52

Global Fintech & Digital Assets

NOVEMBER 7, 2023

The SFC may require Product Providers to demonstrate the soundness of the arrangements, and obtain audits and legal opinions. Prior consultation or approval: Prior consultation with the SFC (and/or approval) is required before introducing tokenised products (whether for new products or to uplift existing products).

Distributed Ledger Technology (DLT) 52

Distributed Ledger Technology (DLT) Security Settlement Risk 52

Stax

JANUARY 31, 2024

Audit your data security measures. Consider consulting with financial advisors, payment processing experts, or industry specialists who can offer personalized guidance on optimizing payment strategies. Many businesses, like gas stations, choose to offer a small discount for cash transactions, for example.

Credit Cards 88

Credit Cards Push-to-Card Processors Transactions 88

FICO

JUNE 16, 2022

In order to face the presence of the abnormal or absence of the normal with confidence, anyone managing collections portfolios and effective debt recovery strategies should be running through the following self-assessment. Do you have the right tools and capabilities to do these six things well? It’s a clear marker for the absence of normal.

Adjustments 52

Adjustments Assessments Returns APACS 52

VISTA InfoSec

JANUARY 29, 2024

For systems that are typically not susceptible to malicious software, carry out regular assessments to detect and assess emerging malware threats. Conduct discussions with staff to ensure that they are monitoring and assessing emerging malware threats for systems that are generally not prone to malicious software. evaluations.

PCI DSS 130

PCI DSS Phishing Best Practices Procedures 130

Nanonets

FEBRUARY 28, 2024

Ready for an Audit: If one is audited by the IRS (Internal Revenue Service), it will be simple to formulate the audit since your monetary records are all in one spot. Compliance and Reporting Audit Trails : Records of changes to data for transparency and compliance. This enables you to balance the books.

Automation 52

Automation Payment APIs and Integration Accounts Transactions 52