FICO

DECEMBER 19, 2022

Assessing Digital Identity — You Need to Ask “Who?” With this framework, FIs can effectively take false positives and assess for authorized fraud/scam exposure. Adam Davies is an experienced fraud, security and financial crime expert, with global expertise gained from undertaking consulting assignments in over 80 countries.

Assessments 52

Assessments Scams Authentication Authorization 52

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. But training can’t be a one-off practice.

Money Laundering 88

Money Laundering Compliance AML Due Diligence 88

The Fintech Times

FEBRUARY 14, 2024

To strengthen customer protections with practical guidance for banks and lenders, the Lending Standards Board has published the outcomes of its review of the Standards of Lending Practice for business customers (‘the business Standards’). This consultation was launched in June 2023 as part of the LSB’s regular cycle of reviews.

Consulting 64

Consulting Financial Inclusion Best Practices Finance 64

VISTA InfoSec

MAY 2, 2024

Providers arm themselves with the latest security tech and best practices to shield your data from cyber threats. 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 Best Practices 130

VISTA InfoSec

JANUARY 23, 2024

Networks that store, process, or transmit cardholder data naturally fall within the PCI DSS scope and must be assessed accordingly. Refer to vendor recommendations/best practices.) Our reputation as a trusted Cyber Security consultancy is a testament to our dedication and expertise. New requirement: 4.2.1

PCI DSS 130

PCI DSS Encryption Procedures Best Practices 130

Stax

SEPTEMBER 26, 2024

They also owe assessment fees to card networks for making use of their infrastructure. Consult your business attorney to make sure you know all the details of what’s permitted, your disclosure requirements, and so forth.” These aren’t the same as the fees incurred by businesses when accepting credit cards.

Credit Cards 88

Credit Cards Caps Best Practices Laws 88

Stax

JANUARY 15, 2024

PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. In the following sections, we’ll delve into the legal framework, compliance standards, and best practices to navigate the complexities of surcharging.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

The Fintech Times

OCTOBER 19, 2024

Shah, MD, Stax Consulting Anuj Shah, managing director, at global consultancy Stax , sees the integration of ESG principles as essential not just for sustainability but for gaining a competitive edge. The competitive advantage Anuj A. “Firstly, it allows banks to invest in green opportunities that positively impact the climate.

On-Demand 106

On-Demand Financial Inclusion Consulting Product 106

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

Neopay

SEPTEMBER 2, 2024

To help us understand why, we spoke with Neopay’s Consultancy Manager, Margita Layne. A Compliance Monitoring Plan helps you stay on top of regulatory requirements by systematically assessing your entire business operations. While the primary focus might be on FCA regulations, a good Compliance Monitoring Plan goes beyond that.

Compliance 59

Compliance Regulatory Compliance Money Laundering Assessments 59

The Fintech Times

JUNE 3, 2024

Leon Gauhman , chief strategy officer of digital product consultancy firm, Elsewhen believes that generative AI (genAI) and large language models (LLMs) will have a three-fold business impact for banks: cost saving, redesigning work and, in the longer term, generating new revenue.

AI 69

AI Risk Mitigation Assessments Consulting 69

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. This approach helps not only in avoiding legal pitfalls but also in maintaining consumer trust by upholding ethical AI practices and ensuring data integrity.

Cybersecurity 72

Cybersecurity AI Government Governance 72

Stax

JUNE 25, 2024

With a range of nonprofit payment processing tools, it’s hard to assess which platform can help your nonprofit process donations easily. Make sure you consult key stakeholders, read independent customer reviews, and try out the payments solution before committing to an integrated payments solution.

Payment Solutions 88

Payment Solutions Payment APIs and Integration ISVS PCI DSS 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. Best practices for payment processing in Dynamics 365 Having the right best practices in place for payment processing is crucial.

Credit Cards 52

Credit Cards Process Payment Gateways Gateways 52

Faster Payments Council

SEPTEMBER 12, 2022

Speakers: Barry Tooker, TransactionBanker.com; Jim Cunha, Federal Reserve Bank of Boston; Andrew Haskell, BNY Mellon; Rodman Reef, Reef Carson Consulting 10:45am-11:25amCT: Concurrent Breakout Session – Real-Time Payment APIs, Global Market Practices, and Lessons Learned for the U.S.

FPC 88

FPC Federal Reserve Cross-Border Payments Faster Payments 88

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

Fintech News

JUNE 6, 2024

And in the interests of raising awareness and prioritising transparency between service providers and the wider public, MAS and Infocomm Media Development Authority (IMDA) have released a consultation paper proposing a Shared Responsibility Framework (SRF). The benefits of digital identity verification extend beyond just enhanced security.

Scams 106

Scams Phishing Deepfake Verification 106

FICO

OCTOBER 14, 2021

It’s not a one-off win either, but the creation of an ongoing ability to continually check and quickly assess whether objectives are being met—and to immediately react and adapt when needed. Consulting, when delivered as a standalone service, rarely leaves a tool set or detailed knowledge transfer. Make your business more resilient.

Consulting 52

Consulting Assessments On-Demand Best Practices 52

The Payments Association

OCTOBER 11, 2024

The Financial Conduct Authority (FCA) is consulting on new rules and guidance to strengthen the safeguarding of consumer funds in the payments and e-money sectors. This could create a lot of uncertainty for firms, as it will effectively mean having to assess the same decisions relating to customer funds under two different sets of rules.

Due Diligence 88

Due Diligence Audit Compliance Reconciliation 88

Nanonets

JUNE 5, 2023

In this article, we'll demystify the process of procurement automation and discuss the many challenges (and benefits), emerging trends, and best practices associated with it. Take a step back and assess how efficient your current process is, where the sticking points are, and what kind of automation would help to change things up.

Automation 98

Automation Best Practices Process AI 98

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. Safeguarding of client digital assets : Banks should implement adequate systems and controls and adopt industry best practices (e.g.,

Authorization 59

Authorization Product Due Diligence Procedures 59

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

Nanonets

SEPTEMBER 22, 2023

To truly optimize procurement activities, organizations need to assess their current processes, develop a procurement strategy, streamline operations through technology, engage with suppliers, and monitor progress closely. Implementing best practices in supplier management can yield significant benefits.

Best Practices 40

Best Practices Assessments Risk Process 40

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. By understanding industry norms, you align your surcharge practices with market expectations. How fair and equitable are your surcharging practices?

Credit Cards 88

Credit Cards Legal On-Demand Regulatory Compliance 88

EBizCharge

JULY 15, 2024

This article will explore the key differences between these billing practices, the pros and cons of arrears billing, and best practices. Traditional examples of payments in arrears include utility bills, employee payrolls, or professional consultation fees. Billing in arrears vs. in advance: What’s the difference?

Disputes 52

Disputes Payer Legal Service Provider 52

Tearsheet

JULY 1, 2024

What are best practices when it comes to protecting consumer information? Start with a risk assessment. Again, partnering with knowledgeable service providers who can stay up-to-date on current regulations or consulting legal experts can help businesses stay on top of regulatory compliance.

BNPL 105

BNPL Online and Mobile Banking Encryption Payments 105

Nanonets

SEPTEMBER 21, 2023

Utilizing compliance  software  and seeking professional advice from consultants can also help businesses navigate complex regulatory landscapes. 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

FloQast

MARCH 21, 2024

Working with outsourcing providers who are well-versed in instituting controls and creating a detailed auditing trail for clients allows your organization to benefit from best practices and innovative approaches without the need for significant upfront investments in training or technology.

Compliance 52

Compliance Audit Automation Risk Assessment 52

Segpay

FEBRUARY 28, 2024

Merchants can implement several best practices to avoid surprise processing costs. Processing Fees Interchange fees, assessment fees, and merchant service charges – whatever the label, processing charges extract a piece of every transaction. Stay alert for common hidden charges that can significantly impact merchant success.

Processors 52

Processors IRS Push-to-Card Non-Bank 52

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

EBizCharge

AUGUST 21, 2024

Thankfully, project accounting manages, analyzes, and reports costs and revenues associated with specific projects, enabling businesses to assess profitability and efficiency on a more refined level. Frequent monitoring enables real-time assessment and response to potential issues, such as cost overruns or delays in revenue recognition.

Accounts 52

Accounts Assessments Fraud Prevention Best Practices 52

Nanonets

MAY 7, 2024

Through this guide, we will define what expense reconciliation is, explore its significance to companies, the formal methods of going about it, as well as the challenges and best practices involved. Book a free consultation call with Nanonets for your expense reconciliation needs here.

Reconciliation 52

Reconciliation Best Practices Compliance Credit Cards 52

EBizCharge

JULY 16, 2024

This includes developing policies and tools to adequately identify, assess, and mitigate potential fraud. The phased fraud monitoring implementation process begins with an initial assessment of current capabilities and identification of vulnerabilities. NACHA compliance requirements are reviewed and updated annually.

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

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. The EU showed through GDPR that they could flex their regulatory influence to mandate data privacy best practices to the global tech industry.

AI 59

AI Compliance Regulations Risk 59

Clearly Payments

JULY 11, 2024

Assessment Fees: Charged by card networks (e.g., Educate Yourself and Your Staff: Invest time in understanding payment processing and train staff on best practices to manage costs. Each entity requires compensation for their role, resulting in a complex fee structure. Visa, MasterCard) for using their network.

Process 52

Process PCI DSS Processors Non-Bank 52

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. However, in 2004, these companies came together to set up best practices to ensure data security for rising digital payments globally. Learn More What Is PCI DSS? Request a Quote

PCI DSS 88

PCI DSS Compliance Credit Cards Encryption 88

FICO

JANUARY 8, 2020

Specifically: Cybersecurity risk awareness is on another expansion wave, as a best-practice component of third-party risk management (TPRM). Chamber of Commerce to spread the word about our joint Assessment of Business Cybersecurity , hosting a Cyber Event series around the country. In 2019 FICO teamed up with the U.S.

Compliance 52

Compliance Fincen Cybersecurity Money Laundering 52