VISTA InfoSec

OCTOBER 21, 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

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: 4.1.2.a

PCI DSS 130

PCI DSS Encryption Procedures Best Practices 130

Nanonets

OCTOBER 1, 2024

It typically involves checking these fields, matching them against supporting documents like purchase orders, vendor contracts, and receiving reports. Documents essential to the validation process: 1. Invoice : The primary document detailing the amount owed and for what 2. They may be contacted for clarifications, too.

Best Practices 52

Best Practices Automation Multi-Currency Process 52

Third Party Payment Processors Association

NOVEMBER 10, 2020

Practice Noun the actual application or use of an idea, belief, or method, as opposed to theories relating to it. “the principles and practice of teaching” the customary, habitual, or expected procedure or way of doing of something. The post Best Practices: What is a practice?

Best Practices 40

Best Practices Compliance Procedures Processors 40

Nanonets

JULY 28, 2023

The modern business landscape is characterized by an overwhelming amount of information and documents that organizations must contend with. The global production, capture, copying, and consumption of data from various documents has been experiencing exponential growth. What is document workflow management? zettabytes.

Disaster Recovery 52

Disaster Recovery Automation Compliance Procedures 52

Nanonets

DECEMBER 22, 2023

  But today presents a range of document management challenges, no matter how far we’ve come. All these factors combine to make enterprise-level document management a tough nut to crack.  They’re collectively called electronic document management systems (EDMS). What is EDMS? 

Best Practices 52

Best Practices Security Risk Compliance 52

VISTA InfoSec

MARCH 6, 2024

Testing Procedures Broad testing, looking at system settings, monitored files, etc. Testing aligns with the slightly narrowed focus (read access) but retains the emphasis on practical verification. Testing procedures align with updated access language. Similar emphasis on policies and procedures. No changes. No changes.

PCI DSS 130

PCI DSS Procedures Best Practices Risk Assessment 130

Nanonets

MARCH 28, 2023

Not only does OCR software eliminate the need for manual data entry, which can be both time-consuming and more prone to errors, but it can also help businesses easily search through large amounts of documents for specific information. The global document management systems market size is expected to grow from USD 5.55

Process 52

Process Automation Use Case Legal 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

VISTA InfoSec

JANUARY 29, 2024

b Conduct interviews with staff responsible for Requirement 5 to ensure that the roles and duties are allocated as per the documentation and are comprehended. This stipulation is considered a best practice until March 31, 2025. This stipulation is considered a best practice until March 31, 2025. . -> 5.1.2.a

PCI DSS 130

PCI DSS Phishing Best Practices Procedures 130

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. Requirement 8.6.1: (This requirement is a best practice until 31 March 2025.)

PCI DSS 130

PCI DSS Best Practices Authentication Rules 130

Clearly Payments

NOVEMBER 18, 2024

This article outlines how to structure your chargeback management team, define roles, implement processes, select the right software, and adhere to best practices. Investigation Gather all relevant transaction details, including receipts, communications, and shipping documentation.

PCI DSS 59

PCI DSS Address Verification System (AVS) Disputes Card Network Rules 59

VISTA InfoSec

JULY 17, 2024

Best practices in multilingual cybersecurity compliance To keep your data secure in multilingual environments, it’s smart to follow some key steps. Develop and implement policies and procedures Developing and implementing policies ensures everyone knows what to do to keep data safe, no matter the language they speak.

Cybersecurity 238

Cybersecurity Compliance Encryption Best Practices 238

VISTA InfoSec

FEBRUARY 21, 2024

The procedures and methods for limiting access to system components and cardholder data, based on a business’s need-to-know basis, are clearly outlined and comprehended. They were documented and had to be approved by authorized parties (7.1.4). Access wasn’t given out willy-nilly. Access isn’t just given out to anyone.

PCI DSS 130

PCI DSS Database Best Practices Procedures 130

VISTA InfoSec

OCTOBER 21, 2024

Best practices in multilingual cybersecurity compliance To keep your data secure in multilingual environments, it’s smart to follow some key steps. Develop and implement policies and procedures Developing and implementing policies ensures everyone knows what to do to keep data safe, no matter the language they speak.

Cybersecurity 130

Cybersecurity Compliance Encryption Best Practices 130

EBizCharge

NOVEMBER 11, 2024

This article will explore the various types of reconciliation, detailing their unique features and applications while also offering best practices to enhance accuracy and efficiency in your financial processes. Now that you know the main types of reconciliation, you can look to best practices to conduct effective reconciliation.

Reconciliation 52

Reconciliation Best Practices Non-Bank Audit 52

Fintech Review

JUNE 18, 2024

Common hedge fund back office tasks include trade execution, reconciliation to NAV calculations, investor reporting, preparing tax documents, and ensuring compliance with federal and state regulations. Best Practices for Hedge Fund Operations Implement strong governance and oversight. Avoid costly errors and regularly lapses.

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 72

ISOs Privacy Best Practices Compliance 72

EBizCharge

JULY 12, 2024

Clarifying categories, documentation, approval processes, and non-reimbursable items can make or break a business expense policy’s success. This policy outlines acceptable expenses, the procedures for submitting expenses for reimbursement, and the roles and responsibilities of staff and management in the expense reporting process.

Compliance 52

Compliance Best Practices Procedures Process 52

Nanonets

SEPTEMBER 23, 2023

In this guide, we will explore the  requisition process  and its role in accounting, as well as discuss best practices for managing and optimizing the process. It serves as a documentation of the need for a specific item and initiates the procurement process. What is a Requisition Order?

Process 52

Process Best Practices Compliance Procedures 52

Nanonets

FEBRUARY 21, 2024

Businesses are encouraged to familiarize themselves with the procedural steps of cash reconciliation, adopt best practices to enhance accuracy, and consider the benefits of automating the process to mitigate risks associated with manual reconciliation.

Reconciliation 52

Reconciliation Best Practices Automation Point-of-Sale (POS) 52

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

Nanonets

MAY 7, 2024

Through this guide, we will define what expense reconciliation is, explore its significance to companies, the formal methods of going about it, as well as the challenges and best practices involved. Compliance and Regulation : Expense reconciliation is crucial for compliance with financial regulations and standards.

Reconciliation 52

Reconciliation Best Practices Compliance Credit Cards 52

Nanonets

APRIL 24, 2024

This audit aims to verify the accuracy and completeness of the bank reconciliation procedures and ensure that they are conducted in accordance with established accounting standards and regulatory requirements. They assess the adequacy and accuracy of documentation to support the integrity of financial records.

Reconciliation 52

Reconciliation Audit Procedures Correspondent 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 includes identifying key controls, establishing clear lines of authority and responsibility, and ensuring that policies and procedures are well-documented and communicated.

Compliance 52

Compliance Audit Best Practices Risk Assessment 52

Stax

DECEMBER 20, 2023

SaaS companies can avoid having to integrate their software with that of gateways and banks, undergo thorough merchant underwriting, and submit mountains of documents by working with a trusted PayFac like Stax to make their software more comprehensive for their clients. What Is Merchant Underwriting? Let’s explore them below.

Underwriting 88

Underwriting Process Payment APIs and Integration Enrollments 88

EBizCharge

APRIL 26, 2024

Dispute and deduction management consists of policies and procedures designed to quickly identify, investigate, and resolve valid or invalid deductions that customers may take when making a payment. Documentation: Meticulously record details of the dispute and resolution process.

Disputes 52

Disputes Best Practices Procedures SWIFT 52

Neopay

JULY 4, 2024

Risk assessments : Document actions taken as part of Business Wide Risk Assessments (BWRA) or Enhanced Risk Assessments (EWRA). Related policies and procedures : Review policies like Complaints Handling, Vulnerable Customer protocols, and Customer Onboarding processes. Training records : Document any Duty-related training.

Consumer 52

Consumer Risk Assessment Assessments Compliance 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. 💡 Best practices:  1.   💡 Best practices:  1. 💡 Best practices:  1.

AI 52

AI Process Best Practices Reconciliation 52

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

Nanonets

MAY 6, 2024

Businesses maintain a multitude of other financial documents, including bank statements, invoices , bills, cash payment receipts, and more. These documents provide supplementary details and serve as external sources of validation for the transactions recorded in the general ledger.   What is the General Ledger?

Reconciliation 52

Reconciliation Payroll Automation Transactions 52

Nanonets

SEPTEMBER 22, 2023

By implementing  best practices  and leveraging automation tools, you can maximize the potential of your  accounts payable department. Implementing  best practices  can streamline operations, reduce errors, and enhance performance.

Accounts 40

Accounts Best Practices Automation Compliance 40

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

Nanonets

MAY 6, 2024

Plus, the inability to identify the individuals responsible for the latest document updates creates a lack of accountability for project stakeholders and can even compromise security measures. Familiarize users with the BlackLine platform, its features, and best practices for efficient reconciliation management.

Reconciliation 52

Reconciliation Accounts Audit Automation 52

VISTA InfoSec

AUGUST 22, 2023

Execute a Data Cataloging Process: Identify and document all instances of biometric data processing activities within your entity, outlining the purpose, legal justification, and data movement. Establish internal controls, procedures, and mechanisms of accountability to identify and address any compliance gaps.

Privacy 130

Privacy Compliance Legal Best Practices 130

Nanonets

JULY 10, 2024

By leveraging deep learning techniques, we can teach machines to understand document structures and extract valuable information accurately and efficiently. With Nanonets, you get ready-to-use models that handle diverse documents, freeing you to focus on integrating data into your workflows. Imagine you're organizing your closet.

Database 96

Database Process Use Case Correspondent 96

Neopay

JUNE 27, 2024

Firms also need to understand the FCA’s approach and guidance, including the FCA Handbook and its Payments Services and Electronic Money Approach Document, which can be found on its website. Reporting suspicious activity: Establish clear procedures for reporting suspicious activity to the relevant authorities.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52