Nanonets

APRIL 19, 2024

Petty Cash Reconciliation: What is It, Best Practices, and Automation Petty cash, also referred to as a small cash fund, is a fixed amount of money reserved for minor expenses in a business. However, without proper oversight and reconciliation procedures, petty cash can be susceptible to misuse, errors, or theft.

Best Practices 52

Best Practices Reconciliation Automation Procedures 52

VISTA InfoSec

JANUARY 23, 2024

and Bluetooth - Cellular technologies, like Global System for Mobile communications (GSM), Code division multiple access (CDMA) General Packet Radio Service (GPRS) - Satellite communications Testing Procedures: 4.1.a Refer to vendor recommendations/best practices.) Testing Procedures: 4.1.2.a Testing Procedures: 4.2.1.a

PCI DSS 130

PCI DSS Encryption Procedures Best Practices 130

VISTA InfoSec

JANUARY 29, 2024

This is to ascertain whether these systems continue to not necessitate anti-virus software. a Review documented policies and procedures to confirm that a process is established for regular evaluations of any system components that are not susceptible to malware, encompassing all elements specified in this requirement. evaluations.

PCI DSS 130

PCI DSS Phishing Best Practices Procedures 130

VISTA InfoSec

AUGUST 5, 2024

The SOC 2 (Service Organization Control 2) audit and attestation process is something that has been devised by the American Institute of Certified Public Accountants (AICPA) in order to ensure that organizations which provide services have secure procedures to govern data so as not to compromise the welfare of their clients.

Audit 130

Audit Compliance Procedures Best Practices 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. Using this knowledge to create and update your procedures to address new threats is essential.

Data Breach 52

Data Breach Best Practices Breach Phishing 52

The Payments Association

FEBRUARY 10, 2025

Strengthening KYC procedures is critical, ensuring that verification extends beyond master account holders to individual vIBAN end users. 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

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

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. - This ensures a clear documentation trail of security practices. . - PCI DSS v3.2.1 PCI DSS v4.0 Requirement 6.3

PCI DSS 100

PCI DSS Procedures Best Practices Verification 100

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

The Finance Weekly

MARCH 1, 2022

Tom continues, “They are leading with digital transformation and the requisite skills in their Finance and Accounting teams. The lack of formal FP&A structure, processes, and procedures characterizes the lagging stage, which is common among newly founded startups. Progressive.

Finance 130

Finance Procedures Best Practices Process 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. Standardize portfolio management procedures and segregate duties to minimize operational risk.

Reconciliation 98

Reconciliation Compliance Regulatory Compliance Best Practices 98

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. Develop and Practice Incident Response Plans An effective incident response plan is a critical component of any organisation’s cybersecurity strategy. 5/5 - (1 vote)

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

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

Stax

DECEMBER 4, 2023

With the global economy moving online, corruption, fraud, trafficking, and other illicit activities continue to rise. TL;DR An anti-money laundering (AML) program is a set of laws and procedures that seek to uncover attempts to disguise illicit money as legitimate. According to a UN report, money laundering activities of about $1.6

Money Laundering 88

Money Laundering Compliance AML Due Diligence 88

Nanonets

OCTOBER 1, 2024

Company Policies: Guide internal procedures for invoice processing Now, let’s put them all together to understand the validation process: 1. It allows your team to focus on strategic tasks while the AI continuously monitors for potential risks. Receiving Report: Verifies that goods or services were delivered as expected 4.

Best Practices 40

Best Practices Automation Multi-Currency Process 40

The Fintech Times

APRIL 23, 2024

As mobile banking apps continue to accrue a seemingly ever-growing user base, criminals may sense an opportunity to access people’s finances by exploiting weaknesses in some banks’ security, consumer champions Which? The most serious problem the security best practice tests discovered was a ‘medium-risk’ issue on the TSB app.

Addressing 69

Addressing Online and Mobile Banking Security Best Practices 69

The Finance Weekly

OCTOBER 13, 2021

Companies looking to advance in this new economic environment will continue to rely on the same four strategies that have proven successful over the past 16 months. Companies had to stay relevant by reworking old business models in order to fulfill these new and continuously changing requirements. Secure a quick win.

Risk Management 130

Risk Management Risk Automation Close Processes 130

PYMNTS

NOVEMBER 16, 2020

KeyBank’s strategy for fighting APP fraud is twofold, consisting of customer education and back-end authentication procedures. First-time users are often unused to security best practices surrounding such apps and are thus more vulnerable to fraud. “It How The Pandemic Makes APP Fraud More Pernicious.

Authentication 72

Authentication Best Practices Multifactor Authentication Fraud Prevention 72

VISTA InfoSec

JULY 5, 2023

The Importance of Data Security in Healthcare As the healthcare industry rapidly embraces new technologies to enhance the delivery of healthcare services, the significance of data security continues to escalate. Keeping patient data safe is a top priority, and continuous monitoring is a key part of that.

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

PYMNTS

MAY 24, 2019

Intelligence of Things (IoT) devices are continuing to gain popularity. As the use of IoT devices grows, security concerns are continuing to plague the industry. The devices have no authentication or encryption procedures, allowing outside attackers to access the devices simply by guessing the product code. About the Tracker.

Data Breach 75

Data Breach Governance Government Best Practices 75

Clearly Payments

JANUARY 4, 2024

This guide aims to provide merchants with an overview of cryptocurrency payments, highlighting the advantages, challenges, and best practices for integrating crypto payment methods into their business operations. It is likely that this trend will continue barring any regulatory hurdles.

Cryptocurrency 105

Cryptocurrency Stablecoins Cross-Border Payments Digital Currency 105

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

Stax

JANUARY 8, 2024

As such, PayFacs need to equip themselves with an effective risk management strategy that helps them continuously monitor risks and employ appropriate risk responses if needed. PayFacs need to equip themselves with an effective risk management strategy that helps them continuously monitor risks and employ appropriate risk responses if needed.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

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

Segpay

DECEMBER 13, 2024

Organizations must establish procedures for secure and compliant data deletion without compromising system integrity. Stay Informed of Regulatory Changes: Data privacy regulations are continuously evolving, with new regions adopting policies like GDPR and CCPA. How can organizations learn more about data privacy best practices?

Privacy 105

Privacy Compliance CCPA Authentication 105

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 ). This includes preparing for potential threats, training staff on response procedures, and regularly testing the response plan ( Requirements 12.10.1 and 10.2 ).

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 ). This includes preparing for potential threats, training staff on response procedures, and regularly testing the response plan ( Requirements 12.10.1 and 10.2 ).

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

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. Write clear internal policies and procedures : Staff at all levels must understand the rules.

Compliance 52

Compliance Best Practices Mitigation Procedures 52

PYMNTS

MAY 27, 2020

Hunter Hall , executive director of the Main Street Business Improvement Association (MSBIA), told Karen Webster recently that Main Street has to adapt if it hopes to continue as an active commercial base of restaurants and retailers. “Up I think that this will forever change the hospitality industry,” he said.

Best Practices 98

Best Practices On-Demand Caps Procedures 98

Stax

DECEMBER 20, 2023

Products and services offered Industry risk Transaction size and volume Chargeback volume Billing policies As a software provider, you can implement some best practices to make these processes as streamlined as possible, so your users can get up and running with payments ASAP. Let’s explore them below. Hybrid API enrollment.

Underwriting 88

Underwriting Process Payment APIs and Integration Enrollments 88

Neopay

AUGUST 5, 2024

Effective safeguarding training covers the policies, procedures, and regulations that must be adhered to in order to minimise risks and maintain compliance with regulatory standards. Safeguarding procedures and training should be regularly reviewed and updated to reflect current risks and regulatory changes.

Compliance 52

Compliance Procedures Audit Risk Management 52

The Fintech Times

FEBRUARY 14, 2024

It will also build upon its financial inclusion work by helping banks and lenders improve the processes and procedures they have in place to support businesses and entrepreneurs with specific or unique needs. This consultation was launched in June 2023 as part of the LSB’s regular cycle of reviews.

Consulting 65

Consulting Financial Inclusion Best Practices Finance 65

Fintech News

JULY 4, 2024

AI can streamline regulatory processes, enhancing the efficiency of know-your-customer (KYC) and anti-money laundering (AML) procedures. It suggests the formation of a “community of practice” to share knowledge, data, best practices, and AI tools.

Central Bank 103

Central Bank AI Correspondent Bank Correspondent 103

PYMNTS

MAY 8, 2020

The company notes that “some safety measures, such as face masks/reduced store capacity, are expected to ease away in the long term, but early analysis reveals customers are learning new behaviors that are expected to continue post-pandemic.”. Trade groups are also providing guidance to help retailers open their doors again.

Consumer 69

Consumer Best Practices Procedures Economy 69

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. 💡 Best practices:  1.   💡 Best practices:  1. 💡 Best practices:  1.

Process 52

Process AI Best Practices Reconciliation 52

PYMNTS

OCTOBER 24, 2016

” “So fraudsters,” continued Zirkel, “do what they do, and they try to identify the easiest path to money.” So, money is an issue,” he said, “but by and large, these threats are largely preventable” if key practices are embraced. has accelerated movement toward what he called the “weaker links.”

ATM 76

ATM Processors Chip Cards Best Practices 76

PYMNTS

MAY 25, 2016

And it gets to the heart of banking,” he continued. According to Reuters, SWIFT plans to “drastically” improve information sharing, strengthen the procedures around its systems and utilize more software that may help to detect fraudulent payments. . “There will be a before and an after Bangladesh.

SWIFT 40

SWIFT Security Federal Reserve Procedures 40