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

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

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 231

Cybersecurity Compliance Encryption Best Practices 231

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 256

Cybersecurity Due Diligence Security Risk Management 256

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

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

VISTA InfoSec

JANUARY 29, 2024

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. This stipulation is considered a best practice until March 31, 2025. New Requirement in PCI DSS v4.0:

PCI DSS 130

PCI DSS Phishing Best Practices Procedures 130

VISTA InfoSec

FEBRUARY 28, 2024

Changes Core Focus Limiting database access to programmatic methods (apps, stored procedures) and database administrators. It must include both numbers and letters. (This requirement is a best practice until 31 March 2025.) Look at your system settings to make sure these password rules are enforced. Requirement v3.2.1 (8.7)

PCI DSS 130

PCI DSS Best Practices Authentication Rules 130

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

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

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 135

Audit Compliance Procedures Best Practices 135

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. The allocation and definition of access to system components and data are carried out appropriately. a: This one’s all about verification.

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 135

Cybersecurity Compliance Encryption Best Practices 135

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.

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

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. Fund managers rely on the operations team to provide actionable data and monitor positions to effectively gauge fund performance.

Reconciliation 98

Reconciliation Compliance Regulatory Compliance Best Practices 98

Fintech Finance

OCTOBER 7, 2024

.” This lack of clarity raises the likelihood of inconsistencies across jurisdictions and organisations, creating critical gaps in risk management practices. have established in-depth risk management procedures, such as third-party escrow agreements. While 70.1%

Risk 101

Risk Regulatory Compliance Risk Management Mitigation 101

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. Receiving Report: Verifies that goods or services were delivered as expected 4. Vendor Contracts: Provide agreed-upon terms and pricing 5.

Best Practices 40

Best Practices Automation Multi-Currency Process 40

The Payments Association

DECEMBER 16, 2024

Best Practices for Managing FX Risks Diversification Strategies Diversifying your currency portfolio is an effective risk mitigation approach. Regularly reviewing payment systems, accounting procedures, and compliance policies can improve speed, cost-efficiency, and accuracy.

International Payments 88

International Payments Risk Payments Strategy Multi-Currency 88

Stax

DECEMBER 4, 2023

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. An anti-money laundering (AML) program is a set of laws and procedures that seek to uncover attempts to disguise illicit money as legitimate. But training can’t be a one-off practice.

Money Laundering 88

Money Laundering Compliance AML Due Diligence 88

VISTA InfoSec

AUGUST 22, 2023

Educate and Train: Provide ongoing education and training to staff members on GDPR requirements, best practices for handling biometric data, and raising awareness about privacy. Establish internal controls, procedures, and mechanisms of accountability to identify and address any compliance gaps.

Privacy 130

Privacy Compliance Legal Best Practices 130

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

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

FICO

APRIL 24, 2020

Last Tuesday, FICO’s Matt Stanley and Tom Dehler presented an overview of best practices for the use of analytics in banking to help organizations respond to the challenge of the Covid-19 crisis. This session was the first breakout session in our month-long virtual event entitled Building Resiliency—Adapting to the Challenges of Today.

Best Practices 52

Best Practices Consumer Credit Union Community Banks 52

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

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. Best Practices for Chargeback Management Implementing industry best practices helps ensure a well-rounded and effective chargeback management strategy.

PCI DSS 59

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

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

Stax

JANUARY 15, 2024

PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. In the following sections, we’ll delve into the legal framework, compliance standards, and best practices to navigate the complexities of surcharging. Security audits.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

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

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

PYMNTS

MAY 24, 2019

The devices have no authentication or encryption procedures, allowing outside attackers to access the devices simply by guessing the product code. In April, a security flaw was found in iLnkP2P, a software installed in millions of IoT devices worldwide, including security cameras, baby monitors and smart doorbells. About the Tracker.

Data Breach 75

Data Breach Governance Government Best Practices 75

FICO

OCTOBER 2, 2017

Using our predefined procedures, an AWS tenant setup can be executed within hours. Best practice detection scenarios will be deployed. What does this mean for our customers? It means that their compliance program will be: Faster. Customers can deploy our AML and KYC solutions faster, and realize faster time to value.

AML 56

AML Compliance Financial Crimes Crime 56

VISTA InfoSec

JULY 5, 2023

This widely accepted set of policies and procedures is designed to enhance the security of credit, debit, and cash card transactions, while also protecting cardholders from the misuse of their personal information. This is important for protecting patients’ privacy and preventing financial losses.

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

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

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

Stax

AUGUST 22, 2024

It can also help to teach them about best practices they can follow to prevent fraudulent transactions. Payfacs need to have regular AML screenings and strictly implement KYC procedures. Follow these best practices for monitoring risks and dealing with them appropriately.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

PYMNTS

JUNE 26, 2020

Businesses using it will be able to either handle all their spending needs on one platform or select a specific module to do so, and they can select the practices best for them. With pre-packaged best practices tailored to their needs, they can now start realizing value faster than ever.”.

Best Practices 56

Best Practices Procedures Rules Addressing 56