Nanonets

MAY 21, 2024

Seven Best Practices for Effective Account Reconciliations From Mesopotamia's rudimentary ledgers tracking livestock and crops to the second-century BCE Indian treatise " Arthashastra ", accounting has been a cornerstone of economic management in any civilized society.

Best Practices 52

Best Practices Reconciliation Accounts Payment APIs and Integration 52

VISTA InfoSec

JUNE 26, 2024

This preparedness includes implementing advanced security technologies, conducting regular security audits, and training employees on cybersecurity best practices. Companies with strong cybersecurity risk management have the resilience to maintain business continuity.

Cybersecurity 260

Cybersecurity Due Diligence Security Breach 260

Nanonets

NOVEMBER 30, 2023

Companies that establish accounts payable best practices increase the visibility of information, reduce their invoice processing time, save money, strengthen internal controls and cash flow management, reduce fraud and errors, and improve vendor relationships. Accounts payable best practices are a subset of accounting best practices.

Best Practices 52

Best Practices Accounts Electronic Funds Transfer (EFT) Automation 52

The Payments Association

DECEMBER 9, 2024

This could involve regular audits of AI systems, rigorous testing procedures, and ongoing monitoring of their performance to identify and address discriminatory patterns. If AI systems are not transparent or auditable, it becomes difficult for regulators to assess whether the systems are operating in a manner that protects consumers privacy.

Privacy 88

Privacy Payment Security AI Security 88

VISTA InfoSec

MARCH 6, 2024

Changes Access Controls "Limit viewing of audit trails" to those with a need. Testing aligns with the slightly narrowed focus (read access) but retains the emphasis on practical verification. audit log security principles are mostly unchanged. This rule is considered best practice until March 31, 2025.) Requirement 10.4.2.1

PCI DSS 130

PCI DSS Procedures Best Practices Risk Assessment 130

VISTA InfoSec

JULY 17, 2024

Best practices in multilingual cybersecurity compliance To keep your data secure in multilingual environments, it’s smart to follow some key steps. Outline regular audit processes to check compliance with these policies. Following these steps ensures your planning and execution processes go through seamlessly.

Cybersecurity 238

Cybersecurity Compliance Encryption Best Practices 238

Core

FEBRUARY 6, 2024

An Overview of 7 Best Practices Adopting government fraud prevention best practices is instrumental in maintaining the resilience of public systems. Regular Audits and Reconciliation: Routine audits and reconciliations can detect discrepancies to ensure financial records align with actual transactions.

Best Practices 52

Best Practices Governance Government Fraud Prevention 52

FloQast

NOVEMBER 20, 2023

Internal auditing ensures an organization’s financial integrity, compliance with regulations, and overall operational efficiency. One of the first steps in carrying out an effective internal audit is to perform an internal audit risk assessment. What Is an Internal Audit Risk Assessment?

Risk Assessment 52

Risk Assessment Audit Assessments Risk 52

EBizCharge

OCTOBER 25, 2023

By implementing the most reliable security software and best practices, organizations and individuals can mitigate the risk of data breaches and safeguard their valuable information from malicious actors. Conduct data audits periodically to determine which data is essential. If not, then stop collecting it.

Data Breach 52

Data Breach Best Practices Breach Phishing 52

Nanonets

APRIL 24, 2024

Audit Bank Reconciliation Guide  Both internal and external accounting audits are essential parts of financial management as well as organizational risk management. A bank reconciliation audit is one such process that helps in identifying financial gaps or discrepancies. Looking out for a Reconciliation Software?

Reconciliation 52

Reconciliation Audit Procedures Correspondent 52

EBizCharge

MARCH 18, 2025

4 best practices for secure Sage 100 credit card processing Since processing credit cards securely is crucial for any business using Sage 100, implementing best practices can help protect customer data, maintain compliance with regulations, ensure smooth transactions, and build customer trust.

Credit Cards 52

Credit Cards Process Security Data Breach 52

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. Audits play a complementary role by ensuring that existing security measures align with both internal policies and external regulatory requirements.

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

Fi911

APRIL 15, 2025

Negative-Option Billing Best Practices To leverage the positives of negative-option billing while minimizing risks, businesses must prioritize transparency and customer satisfaction. Conduct routine audits of your billing practices to ensure compliance. Loss of Trust A lack of transparency can erode customer trust.

FTC 52

FTC Federal Trade Commission Legal Best Practices 52

VISTA InfoSec

OCTOBER 21, 2024

Now, here Data Protection Officers play an important part in ensuring your data handling practices align with regulatory requirements and best practices, thereby safeguarding your reputation and building trust with customers, partners, and stakeholders.

CCPA 208

CCPA Privacy Assessments Laws 208

Stax

FEBRUARY 19, 2025

This article explores how ISV partnerships can drive growth, key considerations when selecting an ISV partner, and best practices for successful collaborations TL;DR ISV partnerships help businesses access new customer segments and industries. Third-party security audits to ensure best practices are followed.

ISVS 88

ISVS Payment APIs and Integration API Best Practices 88

VISTA InfoSec

JANUARY 29, 2024

This stipulation is considered a best practice until March 31, 2025. Ensure that all anti-virus mechanisms are upheld as follows: -> They are kept up to date, -> They carry out regular scans -> They produce audit logs which are preserved as per PCI DSS Requirement 10.7. New Requirement in PCI DSS v4.0:

PCI DSS 130

PCI DSS Phishing Best Practices Procedures 130

The Finance Weekly

DECEMBER 15, 2024

Step 1: Conduct a Marketing Audit Why Start with an Audit? A marketing audit provides a snapshot of your current position and helps identify areas that need improvement. Key Activities in a Marketing Audit SWOT Analysis: Assess your internal strengths and weaknesses, as well as external opportunities and threats.

Process 130

Process Audit Adjustments Best Practices 130

The Payments Association

FEBRUARY 10, 2025

Partnering with regional providers, leveraging AI for fraud detection, and conducting regular audits will ensure compliance, transparency, and operational excellence. Without clear definitions under PSD2 or SEPA, PSPs struggle to develop comprehensive AML strategies that align with international best practices.

IBAN 88

IBAN AML Master Account Due Diligence 88

VISTA InfoSec

NOVEMBER 4, 2024

Regular reviews and audits ensure your systems and processes stay aligned with regulatory changes. Best practices for implementing the DORA compliance 1. Prepare for compliance audits Document all compliance efforts meticulously, from gap analyses and risk assessments to remediation actions.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Regular reviews and audits ensure your systems and processes stay aligned with regulatory changes. Best practices for implementing the DORA compliance 1. Prepare for compliance audits Document all compliance efforts meticulously, from gap analyses and risk assessments to remediation actions.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Regular reviews and audits ensure your systems and processes stay aligned with regulatory changes. Best practices for implementing the DORA compliance 1. Prepare for compliance audits Document all compliance efforts meticulously, from gap analyses and risk assessments to remediation actions.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Regular reviews and audits ensure your systems and processes stay aligned with regulatory changes. Best practices for implementing the DORA compliance 1. Prepare for compliance audits Document all compliance efforts meticulously, from gap analyses and risk assessments to remediation actions.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

Nanonets

JUNE 12, 2024

Record Keeping: Maintaining accurate records of all purchases and documenting every process in the procurement cycle is very important for reconciliation, auditing and fraud detection. Compliance and Audit Trail: Provides a documentation trail for easier compliance with legal and financial regulations.

Best Practices 52

Best Practices Automation Small Business Process 52

Stax

NOVEMBER 21, 2024

It also ensures that data security best practices, particularly PCI DSS (Payment Card Industry Data Security Standards) requirements , are followed to the letter to prevent any breach or loss of sensitive customer data. Below are a few best practices that can help keep your in-house digital systems as secure as possible.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

Segpay

JUNE 13, 2024

In this post, we’ll discuss the best practices for businesses and customers to secure online payment against cyber attacks. Best Practices for Securing Financial Transactions What can businesses and consumers do to ensure secure payment processing in this digital Wild West? The Travelex ransomware attack. million ransom.

Best Practices 40

Best Practices Processors Transactions Security 40

VISTA InfoSec

FEBRUARY 28, 2024

Specific Requirement - New: Rules for limited shared account use (duration, documentation, approval, auditability). It must include both numbers and letters. (This requirement is a best practice until 31 March 2025.) Look at your system settings to make sure these password rules are enforced. Significant shift in approach.

PCI DSS 130

PCI DSS Best Practices Authentication Rules 130

VISTA InfoSec

NOVEMBER 12, 2024

Engage qualified security assessors (QSAs) Work with a QSA to perform a gap analysis, guide you through the compliance process, and conduct formal audits. Ongoing training ensures that everyone involved understands the importance of protecting cardholder data and follows best practices. check out this video.

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

VISTA InfoSec

NOVEMBER 12, 2024

Engage qualified security assessors (QSAs) Work with a QSA to perform a gap analysis, guide you through the compliance process, and conduct formal audits. Ongoing training ensures that everyone involved understands the importance of protecting cardholder data and follows best practices. check out this video.

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

FloQast

MARCH 27, 2024

This allows teams to capture best practices to ensure consistency and change processes as their organization scales. Additionally, with Audit Reports, managers can track changes to processes, noting who made a change and the timing, ensuring strategy remains aligned with execution. Audit Readiness Remember this?

Reconciliation 105

Reconciliation Audit Accounts Best Practices 105

The Finance Weekly

JUNE 24, 2024

Auditing changes is simplified with a log of historical modifications , and the granular business detail obtained is significantly enhanced. Many users express a desire for more references and best practices to better understand how to structure blocks and formulas, given the steep learning curve. Limited reporting tools.

Audit 130

Audit AI Automation Finance 130

Fintech News

JANUARY 25, 2024

The system is designed to unify the dispute management process and includes features like dashboards, automation, and transaction auditing. It includes a user-friendly platform and AI-powered features to improve customer service and agent investigations, as well as adapting to changes in dispute rules and industry best practices.

AI 117

AI Disputes Risk Management Risk Assessment 117

The Payments Association

FEBRUARY 10, 2025

Natalie Lewis Partner, Travers Smith The guidance sets out the six principles to consider (top-level commitment, risk assessment, proportionate risk-based prevention procedures, due diligence, communication and training, monitoring and review), along with best practice examples.

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

Nanonets

OCTOBER 1, 2024

The invoice is then filed for future reference or audits, completing the validation process. However, in practice, it's often riddled with challenges that can slow down operations and lead to errors. This leads to an overpayment, which is only discovered during the next audit cycle. check, ACH, wire transfer) selected.

Best Practices 40

Best Practices Automation Multi-Currency Process 40

VISTA InfoSec

SEPTEMBER 25, 2024

Some best practices to ensure robust cybersecurity include: Data Encryption: All sensitive data should be encrypted both in transit and at rest to prevent unauthorized access and ensure efficient data security measures. CCaaS platforms deal with large amounts of sensitive customer data, making them a target for cyberattacks.

Cybersecurity 130

Cybersecurity CRM Disaster Recovery Encryption 130

VISTA InfoSec

OCTOBER 21, 2024

Some best practices to ensure robust cybersecurity include: Data Encryption: All sensitive data should be encrypted both in transit and at rest to prevent unauthorized access and ensure efficient data security measures. CCaaS platforms deal with large amounts of sensitive customer data, making them a target for cyberattacks.

Cybersecurity 130

Cybersecurity CRM Disaster Recovery Encryption 130

Segpay

JANUARY 26, 2024

A - Audit Your Affiliates It only takes one bad merchant to take down an entire payment processor or bank, so knowing who you work with is essential. Those processes we employ are also best practices for merchants to apply to their business partners.

Best Practices 105

Best Practices Push-to-Card Processors Due Diligence 105

Fintech Finance

JUNE 13, 2024

This certification ensures that the best practices available in the market for protecting data privacy are being strictly followed. This certification is an extension of ISO/IEC 27001, which deals with information security and was previously obtained by EBANX in 2019.

ISOs 81

ISOs Privacy Best Practices Compliance 81