VISTA InfoSec

MARCH 5, 2024

Visitor Emphasis Mentions visitors within a broader staff identification process Dedicates an entire sub-requirement (9.3.2) specifically to visitor access procedures. Terminology Focuses on areas "where cardholder data is processed or maintained". Broadened to observe and interview for CDE-wide visitor management procedures.

PCI DSS 147

PCI DSS Procedures Assessments Checks 147

VISTA InfoSec

FEBRUARY 25, 2024

And painful account recovery procedures await all users who must reset passwords across potentially dozens of breached websites. Best Practices For Prevention Ultimately, consistent vigilance and proactive security safeguards offer the best breach protections.

Data Breach 223

Data Breach Breach Multifactor Authentication Cybersecurity 223

VISTA InfoSec

JANUARY 23, 2024

Networks that store, process, or transmit cardholder data naturally fall within the PCI DSS scope and must be assessed accordingly. Refer to vendor recommendations/best practices.) Also Read : PCI DSS Requirement 3 Requirement 4 pertains to PAN transmissions unless otherwise specified.

PCI DSS 130

PCI DSS Encryption Procedures Best Practices 130

Stax

DECEMBER 20, 2023

Offering payment processing services is a move that makes sense for a lot of SaaS companies, particularly if your software helps your customers run their business. From there, your users must go through an application and underwriting process that determines their eligibility to accept payments. What Is Merchant Underwriting?

Underwriting 88

Underwriting Process Payment APIs and Integration Enrollments 88

Nanonets

SEPTEMBER 23, 2023

The  requisition order  process is an integral aspect of these functions, allowing businesses to manage orders, track expenses, and maintain inventory records. 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.

Process 52

Process Best Practices Compliance Procedures 52

VISTA InfoSec

FEBRUARY 16, 2024

a: Verify that software-development processes align with industry standards/best practices. - d: Interview developers to ensure these processes are implemented. The software should be developed based on industry standards and/or best practices for secure development. - PCI DSS v3.2.1 PCI DSS v4.0 PCI DSS v4.0

PCI DSS 100

PCI DSS Procedures Best Practices Verification 100

Fi911

JANUARY 4, 2024

What do banks need to know about the chargeback legislation process? We will provide insight into how these regulations differ between card schemes, and help financial institutions to better understand the dispute process from all sides. This number is in relation to the total number of transactions processed.

Disputes 84

Disputes Laws Rules Governance 84

VISTA InfoSec

JULY 17, 2024

Ensuring effective translation processes Focusing on making translation processes for security top-notch is crucial. Here are the six main steps in this process: Create an incident response team with multilingual capabilities : Make sure your team includes speakers of all the main languages your company uses.

Cybersecurity 186

Cybersecurity Compliance Encryption Best Practices 186

Nanonets

DECEMBER 25, 2023

In the intricate web of the healthcare ecosystem, claims processing stands as a critical juncture where the efficiency and accuracy of operations profoundly impact patient care, provider satisfaction, and overall system performance. Schedule a Demo What is the Process of Healthcare Claims Processing?

AI 59

AI Process Payer Fraud Detection 59

EBizCharge

MAY 24, 2024

Businesses can also incorporate embedded payments for more efficient and integrated transaction processing in Sage. Instead, payment processing is woven into the natural flow of the application, website, or platform service that the user is already utilizing. What are embedded payments?

Embedded Payments 52

Embedded Payments Process PCI DSS Payments 52

VISTA InfoSec

FEBRUARY 21, 2024

We aim to provide insights into processes and mechanisms for restricting access, defining and assigning access to system components and data, and managing this access via robust control systems. They could only be used by the applications themselves, not by individual users or other non-application processes. So, let’s get started!

PCI DSS 130

PCI DSS Database Best Practices Procedures 130

Nanonets

MAY 31, 2023

For every business, a well-defined approval process for spends and expenses is crucial to maintaining financial control and ensuring responsible expenditure. Why is a spending approval process important? What are the key benefits of a spending approval process?

Process 52

Process Procedures Automation Risk 52

Fintech Finance

JUNE 13, 2024

This certification ensures that the best practices available in the market for protecting data privacy are being strictly followed. “Healthy, sustainable data management and in compliance with regulations also involves a commitment to correct processing and retention period.

ISOs 81

ISOs Privacy Best Practices Compliance 81

Nanonets

SEPTEMBER 22, 2023

Running a business involves various processes, and one crucial aspect is understanding the order to cash (OTC) process. The  OTC process  encompasses a series of steps, starting from when a customer makes a purchase to when the business receives and clears cash for that purchase. What is the Order to Cash Process?

Process 40

Process Cash Management Best Practices Credit Limit 40

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. As a pivotal component of any successful business, it’s important to find ways to improve AR processes as much as possible.

Accounts 52

Accounts Best Practices Disputes Procedures 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. Senior management must also receive training to understand safeguarding processes and risks.

Compliance 52

Compliance Procedures Audit Risk Management 52

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

GDPR’s Crucial Role in Biometric Data Protection: The General Data Protection Regulation (GDPR), an EU framework safeguarding individual privacy and personal data rights, imposes rigorous regulations on organizations processing personal information. Use beyond the original purposes requires explicit consent or legal justification.

Privacy 130

Privacy Compliance Legal Best Practices 130

Fintech Review

JUNE 18, 2024

Back Office Duties in Fund Management In the fund management space, back office duties include trade processes, technology stacks, and staff that manage day-to-day administrative work. 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

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. This process involves a thorough review of security policies, access controls, and other safeguards to ensure they meet the highest standards.

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

Stax

AUGUST 22, 2024

Understanding, addressing, and managing them is crucial for maintaining business operations while ensuring safe payment processing for clients. This is why an effective risk management process is crucial for PayFacs to safeguard themselves against fraud, maintain compliance, and thereby protect themselves and their clients.

Risk Management 88

Risk Management Risk Regulatory Compliance Payment APIs and Integration 88

Nanonets

FEBRUARY 21, 2024

Introduction Cash reconciliation remains a critical process in today’s retail environment, despite the shift from traditional cash registers to advanced point-of-sale (POS) systems. Although the process is foundational for maintaining operational integrity, it can be intricate and susceptible to human mistakes.

Reconciliation 52

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

Nanonets

MARCH 4, 2024

Expense reimbursement is a fundamental aspect of business operations, encompassing the process by which employees are paid back for expenses they've incurred on behalf of the company. However, managing this process is fraught with challenges. leveraging the right technology to streamline your expense reimbursement workflow.

Process 52

Process Compliance Automation Audit 52

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

FloQast

OCTOBER 27, 2023

Compliance officers may need to limit their advisory role to the initial stages, step aside to let the business conduct the process, and provide oversight and review at the tail end. Increasing speed of business processes : Technology and automation make business processes faster than ever. It’s like grading their own homework.

Compliance 52

Compliance Best Practices Mitigation Procedures 52

EBizCharge

APRIL 26, 2024

The administrative burden of reconciling short-paid invoices also adds another layer to the financial management processes. 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.

Disputes 52

Disputes Best Practices Procedures SWIFT 52

Neopay

OCTOBER 3, 2024

Outdated or inadequate processes can quickly become a liability, exposing the company to financial crime risks and regulatory action. Key takeaway : If your business deals with high-risk clients, it’s crucial to implement enhanced due diligence procedures. Training and continuous support : Compliance is an ongoing process.

Financial Crimes 59

Financial Crimes Crime Due Diligence Compliance 59

Nanonets

MAY 7, 2024

Expense reconciliation is the process through which businesses track expenditures, identify anomalies, adhere to regulatory requirements, and maintain financial accuracy and integrity. This process is essential for maintaining financial accuracy, compliance with regulations, and preventing fraud or errors.

Reconciliation 52

Reconciliation Best Practices Compliance Credit Cards 52

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

MARCH 28, 2023

The cost of processing a paper invoice can range from $4 to $30, while the cost of processing an electronic invoice can range from $0.30 Once identified, the characters can be converted into editable text for further processing or storage. This process eliminates manual data entry, which can be time-consuming and costly.

Process 52

Process Automation Use Case Legal 52

Nanonets

SEPTEMBER 22, 2023

An  accounts payable department  is an integral part of any organization, responsible for managing and processing all outgoing payments to suppliers and vendors. An inefficient  accounts payable process  can result in lost opportunities, damaged vendor relationships, and cash flow issues.

Accounts 40

Accounts Best Practices Automation Compliance 40

EBizCharge

JUNE 27, 2024

Methods for calculating DSO Calculating DSO involves using the days sales outstanding formula, a straightforward yet essential equation that helps businesses understand the efficiency of their receivables collection process. Generating quick reports aids in internal analysis and presenting accurate data to stakeholders. What is good DSO?

Best Practices 52

Best Practices Adjustments Assessments Automation 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

Neopay

JUNE 27, 2024

The FCA is focusing on improving its authorisation processes. Taking steps to overcome some of the problems firms have experienced in the last few years, it has taken on more staff, improved technology and digitized parts of the authorisation process. We are starting to see the results in terms of timescales.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

Nanonets

APRIL 24, 2024

A bank reconciliation audit is one such process that helps in identifying financial gaps or discrepancies.   This article discusses the significance of bank reconciliation audits and the role of automation in streamlining the process. Looking out for a Reconciliation Software?

Reconciliation 52

Reconciliation Audit Procedures Correspondent 52

EBizCharge

MAY 14, 2024

Automated billing is a process that enables businesses to handle their invoicing and payment collection with minimal manual intervention. Invoice distribution: Invoices can then be issued to customers through online portals, email, or other preferred delivery methods without any manual process. What is automated billing?

Automation 52

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

Fi911

MAY 22, 2024

A payment reversal is the process through which funds from a transaction are returned to the payer’s account. This process can be triggered for various reasons, such as a disputed charge, an error in the transaction, or fraud detection. Different types of payment reversals exist, each with distinct procedures and implications.

Payer 82

Payer Address Verification System (AVS) Disputes Payee 82