Stax

JANUARY 8, 2024

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.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

Exact Payments

JANUARY 4, 2024

Remember that failing to meet these standards can result in significant consequences, such as fines, loss of business, and ongoing audits to demonstrate compliance. Maintaining a secure network demands anti-virus mechanisms that consistently remain active, use up-to-date signatures, and generate auditable logs.

PCI DSS 52

PCI DSS Compliance Audit Encryption 52

Segpay

MARCH 25, 2024

These include conducting risk assessments, implementing measures to mitigate systemic risks, appointing compliance officers, allowing external audits, and providing access to your data to researchers. You will face one set of requirements if you reach about 45 million users or approximately 10% of the EU population.

Rules 52

Rules Regulations Privacy Risk Assessment 52

Nanonets

AUGUST 1, 2023

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

Audit Automation Risk Assessment Payment APIs and Integration 40

VISTA InfoSec

JULY 5, 2023

Personal health data, a compilation of information related to a patient such as their Names , Birthdates , Social Security Numbers , and other medical record data , is used to identify their medical history and records stored in a database. A PCI QSA audit can provide assurance that you’re on the right track.

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

Nanonets

JULY 25, 2023

Risk Assessment: Financial data analysis also plays a crucial role in assessing and managing risks. Through techniques like variance analysis, sensitivity analysis, and stress testing, analysts can identify potential risks and their impact on financial outcomes.

Financial Analysis 52

Financial Analysis Payment APIs and Integration Assessments Automation 52

VISTA InfoSec

FEBRUARY 28, 2024

Specific Requirement - New: Rules for limited shared account use (duration, documentation, approval, auditability). Changes Core Focus Limiting database access to programmatic methods (apps, stored procedures) and database administrators. Change passwords often based on risk level. Significant shift in approach.

PCI DSS 130

PCI DSS Best Practices Authentication Rules 130

Nanonets

DECEMBER 4, 2023

AI-driven tools can quickly compare the order information against your database to confirm the accuracy and check for discrepancies. Conduct periodic audits and risk assessments of automated order processing systems. Automated systems often come with configurable approval workflows.

Automation 52

Automation Process Payment APIs and Integration Returns 52

Nanonets

FEBRUARY 15, 2024

Documentation: All documents related to the procurement process, including the Needs Assessment Report, RFP, Supplier Scorecard, Supply Agreement, PO, GRN, Invoice, Payment Authorization Form, and Payment Voucher, are filed both in physical and digital formats for audit purposes.

Finance 52

Finance RFP Agreements Automation 52

Nanonets

FEBRUARY 26, 2024

Audit Ready: Nanonets maintains a secure log of all activities for audit requirements. Make a digital archive of your financial documents to create a searchable database. Pull up documents whenever required during audit.

Accounts 52

Accounts Payment APIs and Integration Automation Multi-Currency 52

FICO

MARCH 6, 2020

As a one-stop supplier for anti-financial crime, we cover all compliance-related requirements in a truly integrated solution that breaks down financial crime risk management silos. Our KYC solution supports real-time customer risk classification including UBO and PEP identification. A strong culture starts at the top.

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

Fintech Labs Insights

AUGUST 16, 2016

Aerospike uses a distributed, key-value database designed for Flash to help organizations make decisions in real-time. Cognitect’s Datomic distributed database unlocks disparate data for financial services organizations, top 10 banks, and startups using a built-in audit trail and real-time analytics.

Payment APIs and Integration 14

Payment APIs and Integration Online and Mobile Banking API Database 14

Fintech Labs Insights

JULY 22, 2015

Collaboration on the app is fully audit-trailed, for all users on all devices. Its panel will demonstrate how its API integration allows for the most seamless consumption of Emailage fraud-risk assessment. The application can be accessed in real time by anybody anywhere in the world using any desktop, browser, phone or tablet.

Payment APIs and Integration 29

Payment APIs and Integration Online and Mobile Banking API Non-Bank 29