The Payments Association

DECEMBER 9, 2024

Firms must adopt transparent AI practices, enhance regulatory frameworks, and continuously train models to navigate the evolving landscape of AI-driven threats. This could involve regular audits of AI systems, rigorous testing procedures, and ongoing monitoring of their performance to identify and address discriminatory patterns.

Privacy 88

Privacy Payment Security AI Security 88

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

EBizCharge

MARCH 18, 2025

4 security challenges of credit card processing With the increasingly digital payment landscape, security threats continue to evolve to target sensitive information such as payments. Understanding new threats and technologies can help you adapt and continue protecting credit card information effectively.

Credit Cards 52

Credit Cards Process Security Data Breach 52

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. Regulatory expectations for PSPs As regulators continue to refine their expectations for PSPSs, a strong compliance framework is essential to mitigate financial crime risks.

IBAN 88

IBAN AML Master Account Due Diligence 88

VISTA InfoSec

JANUARY 29, 2024

This is to ascertain whether these systems continue to not necessitate anti-virus software. This stipulation is considered a best practice until March 31, 2025. OR -> Carries out continuous behavioral analysis of systems or processes. OR -> Carries out continuous behavioral analysis of systems or processes.

PCI DSS 130

PCI DSS Phishing Best Practices Procedures 130

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

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. 5/5 - (1 vote)

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

VISTA InfoSec

NOVEMBER 4, 2024

Continuous ICT system monitoring Continuous monitoring of ICT systems is a key requirement under Article 11 of DORA. Regular reviews and audits ensure your systems and processes stay aligned with regulatory changes. Best practices for implementing the DORA compliance 1.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Continuous ICT system monitoring Continuous monitoring of ICT systems is a key requirement under Article 11 of DORA. Regular reviews and audits ensure your systems and processes stay aligned with regulatory changes. Best practices for implementing the DORA compliance 1.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Continuous ICT system monitoring Continuous monitoring of ICT systems is a key requirement under Article 11 of DORA. Regular reviews and audits ensure your systems and processes stay aligned with regulatory changes. Best practices for implementing the DORA compliance 1.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Continuous ICT system monitoring Continuous monitoring of ICT systems is a key requirement under Article 11 of DORA. Regular reviews and audits ensure your systems and processes stay aligned with regulatory changes. Best practices for implementing the DORA compliance 1.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

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

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

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 Government Governance Fraud Prevention 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

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

VISTA InfoSec

NOVEMBER 12, 2024

Monitoring and logging : Continuous monitoring of all systems and logging of activities is required to detect suspicious behavior ( Requirement 10.1 ). Regularly monitor and test networks Continuously monitor systems for security events and conduct vulnerability scans and penetration tests quarterly, or after significant changes.

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

VISTA InfoSec

NOVEMBER 12, 2024

Monitoring and logging : Continuous monitoring of all systems and logging of activities is required to detect suspicious behavior ( Requirement 10.1 ). Regularly monitor and test networks Continuously monitor systems for security events and conduct vulnerability scans and penetration tests quarterly, or after significant changes.

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

Segpay

JUNE 13, 2024

This shows that as businesses and customers continue to rely on online payment systems the risk of falling prey to cyber security threats increases too. In this post, we’ll discuss the best practices for businesses and customers to secure online payment against cyber attacks. The Travelex ransomware attack. million ransom.

Best Practices 40

Best Practices Processors Transactions Security 40

VISTA InfoSec

SEPTEMBER 25, 2024

As businesses continue to evolve in their customer service strategies, Contact Center as a Service (CCaaS) solutions have emerged as an effective tool for enhancing customer experience. Regular Audits: Conduct regular security audits to identify potential vulnerabilities and address them before they can be exploited.

Cybersecurity 130

Cybersecurity CRM Disaster Recovery Encryption 130

VISTA InfoSec

OCTOBER 21, 2024

As businesses continue to evolve in their customer service strategies, Contact Center as a Service (CCaaS) solutions have emerged as an effective tool for enhancing customer experience. Regular Audits: Conduct regular security audits to identify potential vulnerabilities and address them before they can be exploited.

Cybersecurity 130

Cybersecurity CRM Disaster Recovery Encryption 130

Fintech Review

JUNE 18, 2024

They continually collaborate to execute strategic trading maneuvers. Best Practices for Hedge Fund Operations Implement strong governance and oversight. Ensure auditability and the future success of the fund by keeping detailed records of transactions, valuations, and investor communications.

Reconciliation 98

Reconciliation Compliance Regulatory Compliance Best Practices 98

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

The Payments Association

MARCH 25, 2025

The real cost here isnt just fines or audits; its the time multiple employees spend trying to make sense of unclear or inconsistent interpretations. Without a structured approach, misinterpretations will continue, leading to unnecessary risks and costs and increasing manual effort. How is it embedded into their development plans?

Compliance 88

Compliance Payment Networks Issuers Best Practices 88

VISTA InfoSec

MAY 2, 2024

Providers arm themselves with the latest security tech and best practices to shield your data from cyber threats. Regular audits and updates ensure your systems comply with industry regulations, offering you peace of mind and protecting your critical business information.

Cybersecurity 130

Cybersecurity Legal Compliance Best Practices 130

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

Fi911

FEBRUARY 26, 2025

Requirements : Annual on-site audit by a Qualified Security Assessor (QSA), quarterly network scans. These are grouped into six overarching control objectives, aligning with best practices in data security. Continually assess and refine your systems to address evolving threats.

PCI DSS 52

PCI DSS Compliance MFA Assessments 52

The Payments Association

OCTOBER 11, 2024

The reforms aim to address weaknesses in safeguarding practices, reduce consumer fund risks, and enhance regulatory compliance, particularly in preventing fund shortfalls. Monthly reporting : Payment firms must submit monthly regulatory returns, allowing the FCA to monitor trends and intervene if safeguarding practices fall short.

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

Stax

DECEMBER 4, 2023

With the global economy moving online, corruption, fraud, trafficking, and other illicit activities continue to rise. PayFacs must also monitor their transactions continuously for any suspicious behavior and report them to the authorities immediately. Reviewing and continuously updating your AML policies is therefore necessary.

Money Laundering 88

Money Laundering Compliance AML Due Diligence 88

Stax

AUGUST 22, 2024

Implementing an effective risk management framework can help you minimize the impact of potential threats, ensure business continuity, and recover quickly in the face of adversity. It can also help to teach them about best practices they can follow to prevent fraudulent transactions. The due diligence doesn’t stop at onboarding.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

PYMNTS

SEPTEMBER 28, 2016

Announcing their collaboration at the Sibos FinServ conference, Microsoft and BAML said they would co-build and test technology, develop frameworks and explore best practices for using blockchain technology for trade finance transactions. On Tuesday (Sept. ” Microsoft has pushed its Azure platform for blockchain solutions.

Blockchain 73

Blockchain Finance Treasury Best Practices 73

VISTA InfoSec

FEBRUARY 16, 2024

a: Verify that software-development processes align with industry standards/best practices. - The software should be developed based on industry standards and/or best practices for secure development. - Below, we provide an explanation of the changes made in Requirement 6 from v3.2.1 PCI DSS v3.2.1 PCI DSS v4.0

PCI DSS 100

PCI DSS Procedures Best Practices Verification 100

Fi911

JULY 8, 2024

And, as online sales continue to skyrocket, so too does the number of fraud attempts. Merchants must combine technology, vigilance, and best practices as part of a broad, multilayered strategy. Additionally, businesses should conduct continuous monitoring of transactions and audits to detect potential fraud early.

Account Takeovers 94

Account Takeovers Fraud Detection Phishing Fraud Prevention 94

Segpay

DECEMBER 13, 2024

Stay Informed of Regulatory Changes: Data privacy regulations are continuously evolving, with new regions adopting policies like GDPR and CCPA. Organizations can ensure data privacy by implementing robust data privacy policies, conducting regular audits, and training employees on best practices for protecting data.

Privacy 105

Privacy Compliance CCPA Authentication 105

Clearly Payments

JANUARY 8, 2024

Staying informed about emerging fraud trends is equally important, as fraudsters continually refine their tactics. Chargeback Management Best Practices Chargebacks pose a significant challenge for merchants, impacting both financial stability and reputation. Chargebacks are generally the biggest concern that most merchants have.

Risk Management 97

Risk Management Risk PCI DSS Process 97

Neopay

NOVEMBER 13, 2024

The FCA continues to closely supervise financial institutions to ensure robust systems and controls for managing financial crime risks. .” Metro Bank has since undertaken efforts to address and remediate these issues. This ensures that appropriate systems and controls are in place to identify, prevent and manage financial crime risks.

Financial Crimes 52

Financial Crimes Crime Due Diligence Compliance 52

PYMNTS

OCTOBER 5, 2020

Retailers must protect customers’ card data from hackers who try to snatch payment details, and following best practices to ensure security requires adhering to the regulations established by the PCI SSC, a global payments industry forum. Orchestrating A Solution.

Data Breach 82

Data Breach Breach PCI DSS Compliance 82