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

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

VISTA InfoSec

FEBRUARY 28, 2024

These practices adhere to industry security standards and the NIST Special Publication 800-63 guidelines, supporting the payment ecosystem. In this blog post, we will delve into the changes introduced in PCI DSS Requirement 8 from version 3.2.1 Requirement 8.6.1: (This requirement is a best practice until 31 March 2025.)

PCI DSS 130

PCI DSS Best Practices Authentication Rules 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 105

AI Disputes Risk Management Risk Assessment 105

FloQast

MARCH 27, 2024

Reconciliations Then vs. Now If you haven’t had a chance to take a look at last week’s post, I’ll do you a solid. This allows teams to capture best practices to ensure consistency and change processes as their organization scales. Audit Readiness Remember this? Who doesn’t love a smooth audit!? Let’s take a look.

Reconciliation 89

Reconciliation Audit Accounts Best Practices 89

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.

Best Practices 40

Best Practices Processors Transactions Security 40

Fintech Review

JUNE 18, 2024

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. They continually collaborate to execute strategic trading maneuvers. Foster a culture of compliance.

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. ” The post EBANX Obtains ISO/IEC 27701:2019 Certification and Reinforces Its Commitment to Data Privacy appeared first on Fintech Finance.

ISOs 81

ISOs Privacy Best Practices Compliance 81

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 82

Best Practices Push-to-Card Processors Due Diligence 82

Nanonets

OCTOBER 1, 2024

That’s what we’ll explore in this post. We'll walk you through the invoice validation process, explore common challenges faced by AP teams, and provide practical strategies to streamline your workflow. The invoice is then filed for future reference or audits, completing the validation process.

Best Practices 40

Best Practices Automation Multi-Currency Process 40

Fi911

MAY 7, 2024

Best practices for merchants include addressing concerns from processors or acquiring banks promptly, strengthening their data security measures, devising strategies for chargeback prevention, and managing chargeback risk effectively. The post What is the Terminated Merchant File? appeared first on fi911blog.

PCI DSS 91

PCI DSS Processors Compromise Identity Theft 91

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. Security audits.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

FICO

JANUARY 26, 2022

Our most popular posts in this category last year dealt with valuable disciplines, collections predictions, multi-channel vs. omnichannel communications, collections optimization and digital-first collections approaches for the COVID-19 period. Here are extracts from those top five posts. What Are MVDs And Why Do They Matter?

Posting 52

Posting Consumer Financial Protection Bureau (CFPB) CFPB Governance 52

FloQast

APRIL 8, 2024

In this article, we define what a SOX material weakness is and provide actionable strategies and best practices to avoid it. This can impact the company’s stock price and ability to secure financing and increase external audit costs. Regular internal audits. Collaboration with audit firms and external auditors.

Compliance 52

Compliance Audit Best Practices Risk Assessment 52

Fi911

JULY 8, 2024

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. The post What is eCommerce Fraud? appeared first on fi911blog.

Account Takeovers 93

Account Takeovers Fraud Detection Phishing Fraud Prevention 93

Neopay

OCTOBER 3, 2024

Companies must regularly audit and stress-test their systems to ensure they function as intended, particularly as regulatory requirements change. Comprehensive audits and reviews : Our team conducts regular audits of your financial crime prevention systems, including AML, sanctions screening, and customer due diligence processes.

Financial Crimes 59

Financial Crimes Crime Due Diligence Compliance 59

FloQast

OCTOBER 27, 2023

Best Practices for Successful Compliance Management To implement an effective compliance management system, focus on best practices. Here are some compliance management best practices worth considering. Plus, it captures audit evidence at the source, eliminating duplicate audit activities and complexity.

Compliance 52

Compliance Best Practices Mitigation Procedures 52

Neopay

DECEMBER 5, 2024

Audit Support : Neopay provides independent audits of your financial crime systems, giving you peace of mind that your controls are robust and meet regulatory standards. We ensure your approach to financial crime risks is in line with both FCA expectations and best practices.

Financial Crimes 52

Financial Crimes Crime Money Laundering Risk Assessment 52

Neopay

NOVEMBER 13, 2024

Comprehensive audits and reviews: We conduct regular audits of your financial crime prevention systems, including AML, sanctions screening, and customer due diligence, ensuring your systems work as intended and meet the latest standards. The post FCA fines Metro Bank £16 million for financial crime failings appeared first on Neopay.

Financial Crimes 52

Financial Crimes Crime Due Diligence Compliance 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

Nanonets

SEPTEMBER 25, 2024

We'll also guide you through setting up an efficient bank statement processing system and share best practices to transform this data flood into a strategic asset.   Bank statement processing is essential for accurate reconciliation , auditing, and financial reporting. 💡 Best practices:  1.

Process 52

Process AI Best Practices Reconciliation 52

Fintech Finance

MARCH 14, 2024

His expertise will enhance Flutterwave’s commitment to the ecosystem’s best practices as the company moves ahead on its next growth journey. Presently, he chairs the Board Audit and Governance Committee of United Capital Plc. Presently, he chairs the Board Audit and Governance Committee of United Capital Plc.

Non-Bank 52

Non-Bank Audit Compliance Governance 52

FloQast

MARCH 1, 2024

The Sarbanes-Oxley Act addressed several themes, including increasing oversight of the accounting profession with the Public Company Accounting Oversight Board (PCAOB), establishing new standards to preserve auditor independence, reconfiguring audit committees, and requiring enhanced financial statement disclosures.

Audit 52

Audit Compliance Assessments Procedures 52

Neopay

AUGUST 5, 2024

Detailed records of all safeguarding training should be maintained for audit purposes. It also ensures that staff are prepared for audits, demonstrating the firm’s commitment to safeguarding. The FCA expects firms to stay up-to-date with best practices and evolving regulatory expectations.

Compliance 52

Compliance Procedures Audit Risk Management 52

Neopay

FEBRUARY 29, 2024

We offer services such as compliance audits, workshops, and training, helping firms adapt to the evolving regulatory landscape with confidence. We help you establish effective review processes, implement best practices, and ensure your firm delivers value to customers while remaining compliant.

Consumer Protection 59

Consumer Protection Consumer Compliance Assessments 59

EBizCharge

AUGUST 5, 2024

This article will explain what billbacks are, how they work, and best practices for managing them. These challenges make staying informed on best practices for managing billbacks imperative. It’s also beneficial to regularly audit the billback invoices to identify any discrepancies or inefficiencies.

Best Practices 52

Best Practices Disputes Adjustments Processors 52

FICO

NOVEMBER 21, 2022

Our predictive analytic solutions empower clients to audit and utilize their data from across the enterprise to make real-time decisions for optimal risk and compliance protection and control. See all Posts. Related posts. Darryl Knopp. chevron_left Blog Home. expand_less Back To Top.

Risk Management 52

Risk Management Compliance Audit Risk 52

The Fintech Times

MAY 15, 2024

This approach helps not only in avoiding legal pitfalls but also in maintaining consumer trust by upholding ethical AI practices and ensuring data integrity. ” The post UK Government Unveils New AI Cybersecurity Measures as ICO Details Importance of Data Protection appeared first on The Fintech Times.

Cybersecurity 72

Cybersecurity Government Governance AI 72

FloQast

JANUARY 8, 2024

State-Specific CPE Requirements Below are the CPE requirements by state per NASBA : Alabama Credit requirements: minimum of 40 hours of CPE annually Other requirements: At least 8 hours must be in Accounting and Auditing Completion of at least 2 hours of Ethics More information: Alabama State Board of Public Accountancy Alaska Credit requirements: (..)

Audit 52

Audit Accounts Regulations Accreditation 52

Clearly Payments

JANUARY 8, 2024

Chargeback Management Best Practices Chargebacks pose a significant challenge for merchants, impacting both financial stability and reputation. Implementing effective chargeback management practices is essential to minimize their occurrence and address disputes promptly. Read this article on what is a good chargeback rate.

Risk Management 68

Risk Management Risk PCI DSS Process 68

FloQast

NOVEMBER 27, 2023

The Critical Role of Internal Audits Ever heard the saying, “Two heads are better than one”? Well, when it comes to ensuring robust compliance, think of internal audits as that second, very critical, head. Best Practices for Maintaining SOX Section 404 Compliance Achieving compliance is one thing; maintaining it is another.

Compliance 52

Compliance Risk Assessment Audit Risk Management 52

Core

MARCH 19, 2024

Manual payment processing typically lacks sufficient controls when it comes to documentation or audit trails, making it challenging to detect fraudulent transactions. The post Strengthening Payment Security: Government Fraud Detection for Compliance Managers and Auditors appeared first on Core Business Technologies.

Fraud Detection 52

Fraud Detection Government Governance Compliance 52

Fintech Finance

JANUARY 25, 2024

It includes a single experience for solving disputes so that employees can have high quality engagements with cardholders, as well as dashboards, automation, alerts, and the ability to audit all transactions. “Banks should prioritize their CX efforts around the drivers that most influence customer loyalty.

Disputes 52

Disputes Issuers Payments Best Practices 52

Neopay

OCTOBER 22, 2024

Here’s how we can support you: Fraud prevention audits : Our audits help identify vulnerabilities in your business’s payment and security processes. We provide engaging training programs that focus on practical, real-world scenarios, helping your team stay vigilant and equipped to identify suspicious activities.

Finance 59

Finance Fraud Prevention Push-to-Card Audit 59

Exact Payments

JANUARY 4, 2024

In this post, we’ll summarize the twelve overarching PCI DSS requirements while emphasizing the importance of complying with these standards. Remember that failing to meet these standards can result in significant consequences, such as fines, loss of business, and ongoing audits to demonstrate compliance.

PCI DSS 52

PCI DSS Compliance Audit Encryption 52