VISTA InfoSec

JANUARY 23, 2024

In our previous posts, we’ve covered the various requirements of this critical security standard. 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

PCI DSS 130

PCI DSS Encryption Procedures Best Practices 130

VISTA InfoSec

FEBRUARY 21, 2024

In this blog post, we will explore the detailed sections and overviews extracted directly from PCI DSS v4.0. 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. a: This one’s all about verification.

PCI DSS 130

PCI DSS Database Best Practices Procedures 130

VISTA InfoSec

JUNE 26, 2024

For instance, you can look at the company’s history of data breaches and their responses, the robustness of the cybersecurity infrastructure, and the presence of comprehensive security policies and procedures. Learn more here about top investments and explore their cybersecurity measures.

Cybersecurity 215

Cybersecurity Due Diligence Security Risk Management 215

The Fintech Times

APRIL 23, 2024

In its latest bank security investigation, researches tested banking website and app security across four key criteria – login procedures, security best practice, account management and navigation and logout, which were amalgamated to give a total score and revealed a variety of concerns.

Addressing 69

Addressing Online and Mobile Banking Security Best Practices 69

Fintech Review

JUNE 18, 2024

Best Practices for Hedge Fund Operations Implement strong governance and oversight. Standardize portfolio management procedures and segregate duties to minimize operational risk. The post Why Hedge Fund Admin Software is Crucial to Your Back Office appeared first on Fintech Review.

Reconciliation 98

Reconciliation Compliance Regulatory Compliance Best Practices 98

PYMNTS

JANUARY 26, 2021

Clearly, things have changed a lot in terms of workplace rules and best practices since the early lockdown days last March, and the task of keeping up with it all — especially for large companies with multiple dispersed locations to manage — can be quite formidable. They're looking to figure out when, and how they can safely do so.”.

Posting 116

Posting Automation Best Practices Compliance 116

Fintech Finance

JUNE 13, 2024

This certification ensures that the best practices available in the market for protecting data privacy are being strictly followed. ” The post EBANX Obtains ISO/IEC 27701:2019 Certification and Reinforces Its Commitment to Data Privacy appeared first on Fintech Finance.

ISOs 80

ISOs Privacy Best Practices Compliance 80

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

EBizCharge

APRIL 26, 2024

AR management also helps minimize the risk of bad debt by implementing timely invoicing and diligent follow-up procedures, safeguarding profitability and financial stability. By implementing these best practices, you can ensure smoother operations and better financial outcomes for your business.

Accounts 52

Accounts Best Practices Disputes Procedures 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

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

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. Regardless of the reason, businesses should familiarize themselves with best practices to mitigate these invoices and avoid significant problems.

Disputes 52

Disputes Best Practices Procedures SWIFT 52

Neopay

OCTOBER 3, 2024

Key takeaway : If your business deals with high-risk clients, it’s crucial to implement enhanced due diligence procedures. We offer training for your staff, keeping them informed about the latest regulatory changes and ensuring they understand the best practices to mitigate financial crime risks.

Financial Crimes 59

Financial Crimes Crime Due Diligence Compliance 59

Fi911

NOVEMBER 7, 2023

Why is it non-negotiable for financial institutions across the globe, and how can you ensure that your institution is compliant with all AML procedures? This framework encompasses a series of regulations, policies, and procedures. These may align with industry best practices or other regulatory frameworks.

AML 52

AML Compliance Money Laundering OFAC 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. Regular internal audits.

Compliance 52

Compliance Audit Best Practices Risk Assessment 52

EBizCharge

JULY 12, 2024

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. Enforcing explicit procedures for approval and reimbursement creates a standard for audits. What is an expense policy?

Compliance 52

Compliance Best Practices Procedures Process 52

Global Fintech & Digital Assets

MARCH 5, 2024

In December 2023, the HKMA also published a consultation outlining a legislative proposal for a regulatory regime governing stablecoin issuers in Hong Kong (see this Latham blog post ) as well as a consultation on prudential treatment of cryptoasset exposures in February 2024 (see this Latham blog post ).

Authorization 59

Authorization Product Due Diligence Procedures 59

EBizCharge

JUNE 27, 2024

Now that you know how to calculate days sales outstanding and valuable tools to use, you can familiarize yourself with some best practices. Here are a few best practices to keep in mind when calculating DSO: Regularly monitoring: Calculate DSO regularly, such as monthly, to track trends and address issues promptly.

Best Practices 52

Best Practices Adjustments Assessments Automation 52

Neopay

JULY 4, 2024

Related policies and procedures : Review policies like Complaints Handling, Vulnerable Customer protocols, and Customer Onboarding processes. From comprehensive compliance audits and workshops to specialised training sessions, we ensure your reports cover all essential components, reflect best practices, and align with the FCA’s expectations.

Consumer 52

Consumer Risk Assessment Assessments Compliance 52

The Fintech Times

MAY 30, 2024

Implement robust AML and KYC procedures This is essential, as these measures help prevent illicit activities such as money laundering and terrorist financing. This complicates the task of compliance, as companies must adapt their procedures and exercise flexibility to account for various local demands.

Compliance 64

Compliance Security Legal Blockchain 64

FloQast

APRIL 7, 2024

In this article, we will look at best practices for enhancing your close and how automated software tools can help you reduce completion times. Accordingly, companies should implement a system to isolate and track each component of their close process as best practice.

Best Practices 52

Best Practices Reconciliation Close Processes Automation 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. The post Businesses and Entrepreneurs Supported by Latest LSB Lending Standards appeared first on The Fintech Times.

Consulting 64

Consulting Financial Inclusion Best Practices Finance 64

Neopay

JUNE 27, 2024

Compliance policies and procedures: Develop comprehensive compliance policies and procedures that address key regulatory requirements, such as anti-money laundering (AML) and Know Your Customer (KYC) obligations (see below). Staff training: Provide regular training to your staff on AML obligations, red flags, and reporting procedures.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 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. Testing Controls : The auditor evaluates the effectiveness of internal controls related to bank reconciliation processes.

Reconciliation 52

Reconciliation Audit Procedures Correspondent 52

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. This section covers some of the best practices for merchants in the realm of cryptocurrency.

Cryptocurrency 84

Cryptocurrency Stablecoins Cross-Border Payments Digital Currency 84

Fi911

MAY 22, 2024

Different types of payment reversals exist, each with distinct procedures and implications. It prevents the transaction from being fully processed, thereby avoiding the delays and complications associated with post-settlement refunds and chargebacks. The post What are Payment Reversals? Why Do Payment Reversals Happen?

Payer 82

Payer Address Verification System (AVS) Disputes Payee 82

Segpay

MAY 1, 2024

Incident Reporting and Response: DORA mandates digital service providers to establish incident reporting and response procedures to promptly detect, report, and respond to security incidents, operational disruptions, and other events that could impact the provision of digital services. appeared first on Segpay.

Compliance 52

Compliance Cybersecurity Procedures Risk Management 52

VISTA InfoSec

JULY 5, 2023

In this blog post, we’ll delve into the significance of PCI DSS compliance in healthcare and explore how it helps protect patient data and privacy. However, we will also share our knowledge about it in this blog post. From March 2021 to March 2022, the average cost of a data breach in healthcare was over $10 million, up from $9.23

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

Core

MARCH 19, 2024

For compliance managers and auditors , diligence and oversight are essential aspects of the role—and important for ensuring adherence to regulations, policies, and best practices. The post Strengthening Payment Security: Government Fraud Detection for Compliance Managers and Auditors appeared first on Core Business Technologies.

Fraud Detection 52

Fraud Detection Governance Government Compliance 52

EBizCharge

MAY 14, 2024

Improved accuracy Automated billing software is programmed to follow predefined rules and procedures consistently, minimizing the risk of human error inherent in manual billing processes. Now that you know how to set up automated billing, you should familiarize yourself with some best practices for implementing it into your business.

Automation 52

Automation Payment APIs and Integration Best Practices Online and Mobile Banking 52

FICO

OCTOBER 2, 2017

Using our predefined procedures, an AWS tenant setup can be executed within hours. Best practice detection scenarios will be deployed. The post AML on AWS: Breaking Through the Compliance “Cloud Ceiling” appeared first on FICO. What does this mean for our customers? It means that their compliance program will be: Faster.

AML 56

AML Compliance Financial Crimes Crime 56

FloQast

MARCH 1, 2024

The following recommendations help ensure your compliance procedures pay off. This involves scrutinizing areas of the organization and its financial reporting procedures for any potential fraud risks. The post SOX Testing: A Step-by-Step Guide appeared first on FloQast. Consider both internal and external fraud risks.

Audit 52

Audit Compliance Assessments Procedures 52

Seon

JUNE 24, 2024

It prevents issues such as payment fraud, account fraud (and misuse), loan fraud, and conducting business with high-risk individuals , as well as a stipulated practice for anti-money laundering (AML) compliance. Employee training on identity risk management best practices strengthens organizational defenses.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

Fi911

JANUARY 4, 2024

Key International Laws Impacting Chargeback Processes The US led the world in payment card adoption, and as such, also adopted a leading role in developing chargeback rules and best practices. The post Chargeback Rules: What Laws & Regulations Govern the Dispute Process? What are the Chargeback Time Limits?

Disputes 84

Disputes Laws Rules Governance 84

Fintech Finance

FEBRUARY 12, 2024

Visa adheres to all regulatory procedures and standards to safeguard its services, in line with international best practices, thereby ensuring the security of electronic payment channels and electronic payment cards on a global scale. This network enables users to conduct transfers easily, swiftly, and cost-effectively.

Facilitators 52

Facilitators Cross-Border Instant Payments Central Bank 52

PYMNTS

MAY 14, 2020

They’re not making any more of it, as the old saying goes, which is why real estate has always been considered the best investment. And like pretty much everything else post-pandemic, real estate is in need of a reset to put homebuying in line with these “germophobic” times.

Best Practices 52

Best Practices Procedures Volume Posting 52

Nanonets

OCTOBER 1, 2024

That’s what we’ll explore in this post. We'll walk you through the invoice validation process, explore common challenges faced by AP teams, and provide practical strategies to streamline your workflow. Even top-performing companies take 3 days to resolve invoice errors, while others take twice as long.

Best Practices 52

Best Practices Automation Multi-Currency Process 52