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Navigating AML obligations in the age of virtual IBANs

The Payments Association

Partnering with regional providers, leveraging AI for fraud detection, and conducting regular audits will ensure compliance, transparency, and operational excellence. Since vIBANs are often treated as extensions of master accounts rather than independent relationships, firms fail to apply appropriate risk assessment frameworks.

IBAN 88
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Pigment Software Reviews

The Finance Weekly

Auditing changes is simplified with a log of historical modifications , and the granular business detail obtained is significantly enhanced. Before adopting Pigment, one user had to build ad-hoc analyses and models to assess business performance by region, product, etc.

Audit 130
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PCI DSS Checklist: Secure Your Business

VISTA InfoSec

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
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The top 10 audit automation software

Nanonets

Over the years, the auditing landscape has undergone remarkable transformations, and among the most significant advancements has been the advent of audit automation software solutions. Computer-Assisted Audit Tools and Techniques (CAATTs) have been available to auditors since the early 1990s. The situation has changed now.

Audit 40
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Understanding Risk Management Strategies as a PayFac

Stax

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.

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Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

Stax

With surcharging, you pass these high interchange fees directly to the end-users. Conduct regular internal audits—preferably on an annual or biannual basis—to assess ongoing compliance with federal regulations. Security audits. Conduct regular post-payment audits to identify vulnerabilities.

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FICO’s Procurement Fraud Tool Lands On Amazon Web Services

PYMNTS

The analytics software firm announced news on Wednesday (April 18) that Falcon Assurance Navigator, its solution to help identify fraud and spend waste in the procurement function, is now available on AWS, enabling end users to benefit from both tools, according to Doug Clare, vice president of product management at FICO.

Audit 40