Basis Theory

OCTOBER 1, 2024

Today, the framework introduced in the early 2000s outlines 12 PCI requirements that merchants must satisfy to process credit card transactions on the card networks. Nearly 20 years later, with more than 300 requirements and sub-requirements, PCI DSS continues evolving. Return to Top Who needs to be PCI compliant?

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

PYMNTS

NOVEMBER 26, 2019

million for not completing accurate returns between 2014 and 2018, according to a report by Reuters. The regulator said the data it received from Citigroup was not acceptable, and the way the bank handled the reporting processes was not effective.

Returns 76

Returns Audit Regulations Authorization 76

FloQast

OCTOBER 27, 2023

Changing nature of business : Because of the changing nature of business and the business environment, compliance officers deal with more complex supply and distribution channels, increasing sophistication of fraud, and a complex labyrinth of laws and reporting requirements. It’s like grading their own homework. Here’s the thing.

Compliance 52

Compliance Best Practices Mitigation Procedures 52

PYMNTS

NOVEMBER 26, 2019

million for not completing accurate returns between 2014 and 2018, according to a report by Reuters. The regulator said the data it received from Citigroup was not acceptable, and the way the bank handled the reporting processes was not effective.

Returns 54

Returns Audit Regulations Authorization 54

Stax

JANUARY 31, 2024

Visa interchange rates are the fees charged by Visa to process transactions between issuing banks and merchants. These rates are determined by various factors like the type of card used, the industry of the merchant, and how the transaction is processed. Transaction Details: How the transaction is processed (e.g.,

Credit Cards 88

Credit Cards Push-to-Card Processors Transactions 88

EBizCharge

AUGUST 23, 2024

This article will explore the key differences between manual and automated accounting systems, exploring various aspects such as process, accuracy, cost, and scalability. Accounting systems are the methods and processes used to capture, record, classify, and report financial transactions. What are accounting systems?

Automation 52

Automation Accounts Encryption Transactions 52

The Fintech Times

SEPTEMBER 4, 2024

Guy Mettrick , industry vice president at process automation platform Appian , discusses the impact incoming regulatory rules could have. ” Preparing for DORA Meanwhile, firms in the European Union have a different challenge to consider altogether. “Technology has a key transformative role to play here.

Compliance 64

Compliance Rules Regulations Cybersecurity 64

The Finance Weekly

OCTOBER 31, 2021

Many of the same financial issues that profit-seeking enterprises face, such as increasing revenue, managing audits, and dealing with compliance, encounter non-profit organizations (NPOs). Financial planning for NPOs can be difficult, as certain issues will present unique challenges to you, such as specific reporting requirements.

Audit 52

Audit Finance Accounts Compliance 52

Nanonets

SEPTEMBER 23, 2023

By automating repetitive processes, such as data entry and calculations, businesses can free up valuable time and resources to focus on core operations. Accounting software automates the invoicing process, allowing businesses to generate and send professional-looking invoices with just a few clicks.

Small Business 52

Small Business Accounts Automation Compliance 52

FloQast

APRIL 12, 2024

Instead, you’ll file Form S-3, which is shorter and usually goes through a quicker SEC review process. By understanding the form’s requirements and meticulously preparing your documentation, you can confidently navigate this process. Information with respect to the registrant.

Underwriting 52

Underwriting Indemnification Due Diligence Regulatory Compliance 52

PYMNTS

MARCH 17, 2017

Announcing the report Thursday (March 16), the Anti-Fraud Collaboration said a focus on complex accounting areas is critical to an effective cybersecurity strategy. Addressing Challenges for Highly Subjective and Complex Accounting Areas concluded that an effective accounting policy is also critical and guides all other processes.

Best Practices 40

Best Practices Cybersecurity Audit Accounts 40

Nanonets

SEPTEMBER 23, 2023

The process of  encumbrance accounting  involves creating encumbrance journal entries after purchase requisitions and purchase orders. The process involves creating encumbrance journal entries after purchase requisitions and purchase orders. It also enables more effective budgetary control and analysis.

Accounts 52

Accounts Governance Government Fraud Prevention 52

Nanonets

MAY 7, 2024

Expense reconciliation is the process through which businesses track expenditures, identify anomalies, adhere to regulatory requirements, and maintain financial accuracy and integrity. This process is essential for maintaining financial accuracy, compliance with regulations, and preventing fraud or errors.

Reconciliation 52

Reconciliation Best Practices Compliance Credit Cards 52

PYMNTS

SEPTEMBER 28, 2020

They also need to collect and verify vendors’ details to comply with anti-crime regulations, adhere to tax reporting requirements and deliver convenient digital payments to these suppliers. This can make the process more cumbersome and introduce errors if some facts are recorded incorrectly or not at all.

Enrollments 66

Enrollments Crime B2B Money Laundering 66

PYMNTS

APRIL 26, 2019

Procurement and spend management strategies are important to helping these schools comply with reporting requirements, prepare for audits and show judicial usage. . Like other small organizations, one- or two-school charter operations may rely on petty cash for purchases.

Reconciliation 46

Reconciliation Issuers Audit Reporting Requirements 46

The Fintech Times

DECEMBER 23, 2023

“Sustainability assessments will play an increasing role in the banking decision-making process, for example banks are increasingly using data and AI to assess the sustainability credentials of their lending portfolios. . “Sustainable finance is another important trend we are likely to see gain momentum next year.

Finance 59

Finance Advisors Assessments Innovation 59

FloQast

DECEMBER 13, 2023

To protect investors by improving the accuracy and reliability of corporate financial reporting, Michael Oxley, Representative for Ohio’s 4th congressional district, quickly introduced a bill to the House less than two weeks later on February 14.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52

PYMNTS

FEBRUARY 14, 2019

The new standards address a range of reporting requirements, including how companies record credit losses and revenue recognition, and analysts warn that disruption is ahead. “All of this information can then be used to negotiate better terms going forward.” ” Lease Versus Buy. . ”

Agreements 46

Agreements Compliance Accounts Rules 46

Nanonets

SEPTEMBER 21, 2023

In simple terms, the accounting cycle refers to the series of steps that businesses follow to record and process financial transactions, from identifying the transactions to preparing financial statements. The accounting cycle is a series of steps that businesses follow to record and process financial transactions.

Accounts 40

Accounts Adjustments Transactions Process 40

FloQast

MAY 7, 2024

The Year-End closing process is the regulatory requirement that companies verify the accuracy of their annual finances. While that may mean the process is particularly challenging for certain organisations and their accounting teams, there are plenty of ways to ease the pressure. The Year End Close: Why Does It Matter?

Reconciliation 52

Reconciliation Audit Automation Accounts 52

EBizCharge

SEPTEMBER 6, 2024

Integrated accounting consolidates a business’s financial processes and transactions by combining various facets of business operations, including accounts payable (AP), accounts receivable (AR), payroll, and financial reporting, into a unified, cohesive structure. What is integrated accounting?

Accounts 52

Accounts CRM Automation Audit 52

FloQast

MARCH 12, 2024

Taking your company public is more like preparing for a marathon; it requires meticulous planning, a strong team, and the endurance to navigate various challenges. We hope to transform what might seem like a daunting process into a series of achievable milestones. Company strengths. What does the company do well? Financial projections.

Advisors 52

Advisors Due Diligence Audit Legal 52

Nanonets

AUGUST 1, 2023

By implementing document approval workflows, organizations can streamline their document management processes and enhance overall efficiency. Document Receipt: The process begins with the capture of relevant procurement documents such as invoices, purchase orders, and receipts.

Automation 40

Automation Payment APIs and Integration Audit Rules 40

Nanonets

APRIL 2, 2024

Bank reconciliation is a fundamental process that ensures the alignment of internal records with external bank statements. It's essential to have a clear separation of duties, ensuring that different individuals handle different aspects of the reconciliation process to minimize the risk of conflicts of interest.

Reconciliation 52

Reconciliation Automation Regulatory Compliance Compliance 52

Nanonets

JANUARY 17, 2024

Expense management , at its core, is the methodical process by which a business tracks, verifies, and processes every financial expense incurred in its operations. Now, you might be thinking, "We've got this covered with our trusty spreadsheets and quarterly audits." " But let's not kid ourselves.

Payment APIs and Integration 52

Payment APIs and Integration Compliance Automation Audit 52

FICO

OCTOBER 26, 2017

Now, with CRS** (Common Reporting Standard), some financial institutions are starting to think they need two systems. This process was completed in February 2014 with an agreement on a common reporting format between IRS and OECD (Organization for Economic Co-operation and Development), FATCA reporting Form 8966.

Compliance 53

Compliance IRS Agreements Audit 53

The Payments Association

OCTOBER 11, 2024

Firms must prepare for these changes by improving their internal processes, conducting audits, and adapting to new compliance requirements to ensure seamless implementation of the FCA’s reforms. What’s next?

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

Nanonets

AUGUST 2, 2023

In this article, we'll answer some common questions about EEI and provide resources to help you navigate the filing process. Electronic Export Information (EEI) is a declaration form businesses must file with the US Census Bureau to report and track international exports. What is Electronic Export Information?

Automation 52

Automation Regulations Compliance Legal 52

Nanonets

JUNE 29, 2023

The advent of technology has brought forth a range of expense management software solutions that streamline and automate expense reporting processes. Expense management software automates and digitizes the expense reporting process, eliminating the need for manual data entry and paper-based receipts.

Payment APIs and Integration 52

Payment APIs and Integration Automation Credit Cards Online and Mobile Banking 52