The Payments Association

FEBRUARY 10, 2025

The Economic Crime and Corporate Transparency Act 2023, specifically the “failure-to-prevent fraud” offence, and outlines how businesses can mitigate fraud risks. Compliance requires proactive fraud risk assessment, the implementation of preventive procedures, and a culture of accountability. Why is it important?

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

EBizCharge

JUNE 20, 2024

This article will help set your business up for success by explaining AR, why it’s important, and best practices for optimizing your receivables. Since it’s apparent how vital proper AR management is for financial stability, the following section provides best practices to help your company transform its receivables.

Best Practices 52

Best Practices Accounts Disputes Procedures 52

Fintech Finance

OCTOBER 7, 2024

A new global report has revealed significant gaps in supplier management practices among financial institutions. ” This lack of clarity raises the likelihood of inconsistencies across jurisdictions and organisations, creating critical gaps in risk management practices. While 70.1%

Risk 101

Risk Regulatory Compliance Risk Management Mitigation 101

VISTA InfoSec

OCTOBER 21, 2024

Now, here Data Protection Officers play an important part in ensuring your data handling practices align with regulatory requirements and best practices, thereby safeguarding your reputation and building trust with customers, partners, and stakeholders.

CCPA 208

CCPA Privacy Assessments Laws 208

VISTA InfoSec

NOVEMBER 4, 2024

Conduct a DORA gap analysis Conducting a DORA gap analysis is essential for evaluating the effectiveness of your current ICT risk management and operational measures in relation to the requirements outlined in Article 6 of DORA. Best practices for implementing the DORA compliance 1.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Conduct a DORA gap analysis Conducting a DORA gap analysis is essential for evaluating the effectiveness of your current ICT risk management and operational measures in relation to the requirements outlined in Article 6 of DORA. Best practices for implementing the DORA compliance 1.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Conduct a DORA gap analysis Conducting a DORA gap analysis is essential for evaluating the effectiveness of your current ICT risk management and operational measures in relation to the requirements outlined in Article 6 of DORA. Best practices for implementing the DORA compliance 1.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Conduct a DORA gap analysis Conducting a DORA gap analysis is essential for evaluating the effectiveness of your current ICT risk management and operational measures in relation to the requirements outlined in Article 6 of DORA. Best practices for implementing the DORA compliance 1.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

Stax

JANUARY 23, 2025

Payment processors need to ensure they are working with reliable merchants who won’t expose them to undue risks, such as fraud, chargebacks, or regulatory violations. The primary purpose of merchant account underwriting is to mitigate risks for payment processors and credit card networks. Contact us today.

Underwriting 68

Underwriting PCI DSS Money Laundering Processors 68

Core

FEBRUARY 6, 2024

An Overview of 7 Best Practices Adopting government fraud prevention best practices is instrumental in maintaining the resilience of public systems. The post 7 Best Practices for Preventing Government Fraud in Payments appeared first on Core Business Technologies. According to the U.S.

Best Practices 52

Best Practices Government Governance Fraud Prevention 52

Clearly Payments

FEBRUARY 3, 2024

For merchants, integrating Buy Now, Pay Later (BNPL) into their payment processing systems offers a unique avenue to drive sales, entice new customers, and mitigate certain risks. Here are key best practices for merchants thinking to use BNPL: Partner with the Right Provider: Selecting the best BNPL provider is important.

BNPL 104

BNPL Payments Mitigation Best Practices 104

The Payments Association

DECEMBER 16, 2024

Managing FX Risks in International Payments FX risks can arise from both external factors (e.g., While external factors are harder to control, businesses can mitigate their impact through effective strategies. Streamlined processes and robust controls can mitigate these risks effectively.

International Payments 88

International Payments Risk Payments Strategy Multi-Currency 88

Seon

APRIL 23, 2024

In an era where digital transitions are omnipresent, the menace of online fraud and money laundering is continuously escalating, necessitating advanced solutions that enable organizations to stay ahead and mitigate activities across diverse industries. How Does Fraud Risk Management Work?

Risk Management 40

Risk Management Risk Technology Fraud Detection 40

PYMNTS

MARCH 20, 2020

But lenders themselves, even industry incumbents, are also quickly recognizing the potential that unlocking data has not only on improving the SMB borrowing experience, but on significantly improving their own internal operations, particularly when it comes to risk mitigation. ” The U.S.’s ’s Open Banking Path.

Risk Mitigation 93

Risk Mitigation Mitigation Payment APIs and Integration Risk 93

VISTA InfoSec

SEPTEMBER 27, 2024

Now, here Data Protection Officers play an important part in ensuring your data handling practices align with regulatory requirements and best practices, thereby safeguarding your reputation and building trust with customers, partners, and stakeholders.

CCPA 130

CCPA Privacy Assessments Laws 130

The Finance Weekly

OCTOBER 13, 2021

Here are the best practices for getting started, from consolidating multiple companies' financials onto a single ledger to deciding which company's enterprise resource planning (ERP) system to stick with (or, in some cases, an even more difficult task—deciding to start from scratch and implement an entirely new ERP system): 1.

Risk Management 130

Risk Management Risk Automation Close Processes 130

Fintech News

MAY 20, 2024

As regulatory expectations continue to evolve, it’s crucial for organizations to stay ahead of the curve and adapt their compliance strategies to mitigate financial crime risks effectively. The webinar aims to delve into the significant influence of AI on the financial sector, particularly in risk management.

FinTech 135

FinTech Embedded Finance BNPL AI 135

Nanonets

MAY 31, 2023

The need for AI in finance In traditional finance functions, companies often rely on manual processes, extensive paperwork, and repetitive tasks to manage their financial operations. These tasks include data entry, invoice processing, and financial analysis for decision-making, operational planning, and risk management.

AI 122

AI Finance Fraud Detection Mitigation 122

VISTA InfoSec

SEPTEMBER 5, 2024

This article explores the most common cyber security threats targeting SMEs, practical measures to mitigate risks, and essential steps to take in the event of an attack. Regular sessions should be scheduled to reinforce learning, ideally on a quarterly basis, to keep staff updated on the latest threats and best practices.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

This article explores the most common cyber security threats targeting SMEs, practical measures to mitigate risks, and essential steps to take in the event of an attack. Regular sessions should be scheduled to reinforce learning, ideally on a quarterly basis, to keep staff updated on the latest threats and best practices.

Security 130

Security Phishing Ransomware Risk Assessment 130

Innovative Payments Association

SEPTEMBER 5, 2024

While these relationships can bring numerous benefits, they also come with inherent risks. To mitigate these risks and ensure proper oversight of third-party relationships, it is crucial for organizations to go beyond traditional due diligence and establish a comprehensive third-party oversight framework.

Boot Camp 52

Boot Camp Due Diligence Third Party Vendors Compliance 52

FICO

APRIL 7, 2020

What does fraud risk mitigation look like in an increasingly digital world? However, it’s critical that we also take the time to reflect on the longer-term changes that will impact our mission to stop fraud and financial crime. Will the shift to online and mobile payment channels be a permanent boost?

Risk Mitigation 52

Risk Mitigation Best Practices Financial Crimes Scams 52

FloQast

OCTOBER 27, 2023

While it can feel burdensome, compliance management has become a critical risk management feature and is too important to ignore. Unfortunately, compliance management is no walk in the park. The overarching aim of compliance management is to ensure organizations mitigate risk and build a deep-rooted culture of compliance.

Compliance 52

Compliance Best Practices Mitigation Procedures 52

Fi911

JULY 8, 2024

Merchants must combine technology, vigilance, and best practices as part of a broad, multilayered strategy. Finally, fostering a culture of transparency and communication with customers, including advising them on safe online practices, can further mitigate the risks associated with eCommerce fraud.

Account Takeovers 94

Account Takeovers Fraud Detection Phishing Fraud Prevention 94

Stax

FEBRUARY 19, 2025

How to mitigate this risk: Before committing to a provider, carefully review contract terms to ensure flexibility. If an outsourced provider fails to meet these compliance standards, your business could be exposed to serious legal and financial risks, including fines and reputational damage.

Payments 88

Payments PCI DSS Compliance Risk 88

Seon

SEPTEMBER 20, 2024

SEON recently brought together industry leaders from the online lending space to discuss the evolving landscape of fraud prevention and risk management. Lenders are now focusing on alternative data signals to mitigate risk without excluding valuable customers.

Risk 52

Risk Fraud Prevention Risk Management Deepfake 52

Neopay

AUGUST 5, 2024

Understanding risk management is also a crucial part of the training. This involves identifying and mitigating risks associated with safeguarding and understanding potential threats and vulnerabilities to client assets and data. The post Enhancing compliance through safeguarding training appeared first on Neopay.

Compliance 52

Compliance Procedures Audit Risk Management 52

The Fintech Times

MARCH 12, 2024

The book covers a spectrum of topics, ranging from risk management strategies to hedging mechanisms, shedding light on how advanced analytical tools, market forecasting, and liquidity management can significantly influence the success of businesses operating within this space.

Best Practices 64

Best Practices Cross-Border Cross-Border Payments Mitigation 64

PYMNTS

JULY 15, 2019

Supplier risk and supply chain compliance company Sword GRC is collaborating with Brazil-based Procurement Garage to expand across Latin America, the companies announced in a press release Friday (July 12). Whatever the industry, organizations need to ensure the safe execution and management of projects, operations and business activities.”.

Risk 40

Risk Risk Management Risk Mitigation Best Practices 40

The Fintech Times

OCTOBER 19, 2024

Additionally, incorporating ESG factors into risk management frameworks can improve financial performance by identifying and mitigating long-term risks associated with environmental and social issues. ” The post Is Sustainability the New Priority in Digital Banking? appeared first on The Fintech Times.

On-Demand 106

On-Demand Financial Inclusion Consulting Product 106

Segpay

MAY 1, 2024

This framework will have significant implications for global PSPs with clients in Europe, as it will require PSPs to strengthen their operational resilience capabilities, comply with regulatory requirements, and adapt their business practices to mitigate operational risks effectively.

Cybersecurity 52

Cybersecurity Compliance Procedures Risk Management 52

PYMNTS

JANUARY 3, 2019

Still, even with such “recognition of the systemic risks” posed by “critical infrastructure” (risks that apply to multiple industries and consumer segments), “we as a country still have to figure out how to address those risks and prioritized efforts” at defense, Baich said.

Risk 67

Risk Data Breach Breach Risk Management 67

EBizCharge

JULY 16, 2024

This article will explore the essential aspects of staying compliant with NACHA rules, such as risk management, data security, authorization protocols, and more, to help institutions maintain the highest standards of operational integrity and customer trust. What is NACHA?

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

Segpay

OCTOBER 4, 2023

Risk Management Fraud detection and prevention measures are crucial in this type of high-risk business. A robust risk management system helps to protect both merchants and affiliates from fraudulent activities, such as click fraud or affiliate fraud.

Security 52

Security Due Diligence Compliance Payments 52

Fintech News

DECEMBER 13, 2023

They will also discuss opportunities for sustainable investments, financing the green transition, boosting ESG product sales, and mitigating greenwashing risks. Since its inception, the series has organized 70+ events in 15+ countries, attracting over 85,000 attendees and featuring 4,000+ speakers.

FinTech 111

FinTech Web 3.0 Payment APIs and Integration APACS 111

Stax

DECEMBER 4, 2023

An effective AML compliance program must include Know Your Customer (KYC) protocols, transaction monitoring and reporting, risk assessment and categorization, and training and awareness for staff. With AML legislation, financial institutions are required to follow strict protocols for money laundering risk management.

Money Laundering 88

Money Laundering Compliance AML Due Diligence 88

Neopay

OCTOBER 3, 2024

Here’s how we can assist: Proactive risk management : We help businesses assess their current risk exposure and ensure that compliance frameworks are in place to address the challenges associated with growth, high-risk customers, and changing regulations. Training and continuous support : Compliance is an ongoing process.

Financial Crimes 59

Financial Crimes Crime Due Diligence Compliance 59