Nanonets

OCTOBER 1, 2024

"Let's just ensure that going forward, all the invoices are forwarded to Mr. X for validation before processing." Studies show that 25% of invoice errors slip through accounts payable processes undetected despite internal correction efforts. Documents essential to the validation process: 1.

Best Practices 52

Best Practices Automation Multi-Currency Process 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

SEPTEMBER 25, 2024

For businesses processing thousands of bank statements daily—from insurance companies to financial institutions, bank statement processing presents a challenge and an even bigger opportunity for automation. In this article, we’ll explore applications of AI and automation for bank statement processing.

AI 52

AI Process Best Practices Reconciliation 52

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

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 272

Data Breach Breach Multifactor Authentication Cybersecurity 272

FloQast

OCTOBER 21, 2024

For accounting professionals, implementing a solid automated bank reconciliation process can change the way they approach financial operations within their business. Plus, monitoring the progress of your new procedures can help you gain insights to further optimize your reconciliations.

Reconciliation 52

Reconciliation Automation Process Best Practices 52

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

JANUARY 15, 2024

Are you struggling with resource constraints caused by soaring credit card processing costs? Learn how to achieve payment processing compliance when surcharging to improve your company’s financial stability and reputation. It offsets the card processing costs, transferring the financial obligation to the latter.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

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

Clearly Payments

NOVEMBER 18, 2024

Mishandling chargebacks leads to financial losses, reputational harm, and can jeopardize your ability to process payments. This article outlines how to structure your chargeback management team, define roles, implement processes, select the right software, and adhere to best practices.

PCI DSS 59

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

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

VISTA InfoSec

JANUARY 29, 2024

Defined and understood processes and mechanisms are in place to safeguard all systems and networks from malicious software. 5.2 Anti-malware processes and mechanisms are active, regularly maintained, and monitored. 5.4 This stipulation is considered a best practice until March 31, 2025.

PCI DSS 130

PCI DSS Phishing Best Practices Procedures 130

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 92

Disputes Laws Rules Government 92

VISTA InfoSec

FEBRUARY 28, 2024

Similarly, adds the need for a process to handle potential exceptions. Wording update, more focus on processes. 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

JANUARY 8, 2024

In the rapidly advancing world of payments and eCommerce, merchants find themselves navigating a landscape of risk in payment processing. In this guide, we go into the topics of risk management in payment processing, equipping merchants with the knowledge and strategies needed to secure their transactions.

Risk Management 66

Risk Management Risk PCI DSS Process 66

VISTA InfoSec

OCTOBER 21, 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 130

Cybersecurity Compliance Encryption Best Practices 130

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 238

Cybersecurity Compliance Encryption Best Practices 238

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

EBizCharge

NOVEMBER 11, 2024

With several types of accounting reconciliation, each serves a distinct purpose, whether it be cash-based methods or more intricate multi-step processes. Reconciliation is a financial process that ensures that two sets of records align accurately, such as internal financial records and external statements. What is reconciliation?

Reconciliation 52

Reconciliation Best Practices Non-Bank Audit 52

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 79

ISOs Privacy Best Practices Compliance 79

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

Core

MAY 18, 2023

Government agencies rely on request for proposals (RFPs), but that process can be lengthy and complicated as you work to ensure accuracy and completeness. With a streamlined RFP system, your agency can boost procedural efficiency and productivity across every stage of an RFP for content management and payment processing.

RFP 52

RFP Process Government Governance 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. 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

Nanonets

MAY 8, 2023

Why is an approval workflow process important? Here are some reasons why an approval workflow process is essential for enterprises: Ensures tasks are monitored and done properly Makes sure tiny details aren’t overlooked. Enables to track the progress of the document or task through the approval process.

Process 52

Process Automation Checks Rules 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

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

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

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

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 Due Diligence 88