Nomentia

OCTOBER 3, 2024

Best practices to improve payment process security and prevent payment fraud Payment fraud, data breaches, hefty fines! As AFP’s 2024 report illustrates , no business is safe in the long run without robust payment process security. These are questions no one enjoys asking (because they might not like the answer), but they should.

Best Practices 59

Best Practices Payment Security Data Breach Security 59

VISTA InfoSec

SEPTEMBER 25, 2024

As businesses continue to evolve in their customer service strategies, Contact Center as a Service (CCaaS) solutions have emerged as an effective tool for enhancing customer experience. However, transitioning to CCaaS requires careful planning to ensure a smooth implementation process.

Cybersecurity 130

Cybersecurity CRM Disaster Recovery Encryption 130

VISTA InfoSec

OCTOBER 21, 2024

As businesses continue to evolve in their customer service strategies, Contact Center as a Service (CCaaS) solutions have emerged as an effective tool for enhancing customer experience. However, transitioning to CCaaS requires careful planning to ensure a smooth implementation process.

Cybersecurity 130

Cybersecurity CRM Disaster Recovery Encryption 130

VISTA InfoSec

SEPTEMBER 5, 2024

Understanding the significance of cyber security is crucial for protecting sensitive data and ensuring business continuity. With sensitive information at stake, including customer credit cards and proprietary business data, SMEs must prioritize robust cyber security measures.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

Understanding the significance of cyber security is crucial for protecting sensitive data and ensuring business continuity. With sensitive information at stake, including customer credit cards and proprietary business data, SMEs must prioritize robust cyber security measures.

Security 130

Security Phishing Ransomware Risk Assessment 130

The Fintech Times

FEBRUARY 9, 2024

Candid Wüest, VP of product management at Acronis Candid Wüest , VP of product management at Acronis, explained: “There’s a disturbing trend being recognised globally where bad actors continue to leverage ChatGPT and similar generative AI systems to increase cyber attack efficiency, create malicious code, and automate attacks.

Phishing 72

Phishing AI MSPS Ransomware 72

PYMNTS

APRIL 20, 2017

It utilizes Malwarebytes’ Breach Remediation and Endpoint Security to bi-directionally communicate with the ForeScout CounterACT console’s interface. Automatically identifying devices appearing on the network and understanding their contribution to the enterprise attack surface is vital to preventing malicious activity in a breach.

Breach 40

Breach SWIFT Security Business Continuity 40

Segpay

MAY 1, 2024

This involves ensuring payment service availability, reliability, and security by preventing disruptions, data breaches, and unauthorized access to sensitive customer information, thereby maintaining trust and confidence in digital service providers. Protect Consumer Interests: DORA aims to protect consumer interests.

Cybersecurity 52

Cybersecurity Compliance Procedures Risk Management 52

Center for Payments

SEPTEMBER 15, 2022

The FFIEC Guidelines require financial institutions to implement a solid business continuity management program, which includes an effective Business Continuity Plan. Working in a remote environment for many businesses was a process felt to be a struggle.

FFIEC 40

FFIEC Risk Assessment Business Continuity Federal Reserve 40

PYMNTS

NOVEMBER 7, 2017

In a survey of business professionals, researchers found that a slight majority (52 percent) acknowledge that a security breach will happen to them at some point — a slight increase from 51 percent last year. Further, 42 percent said they are unsure of how to handle a targeted cyberattack and other types of threats. Targeted Attacks.

Addressing 43

Addressing Security Cybersecurity Email Compromise 43

PYMNTS

JANUARY 26, 2021

At most, a manual approach to spend management can attempt to uncover potential patterns: an employee that is continually breaching internal spend policy, for instance. But without an automated approach to spend management, organizations are missing out on more than the ability to reign in excessive spend by one worker.

Audit 75

Audit Continuity Automation Risk 75

Seon

MAY 23, 2024

Another way that this outdated security standard has become obsolete is through the proliferation of data breaches. Large-scale breaches expose vast amounts of personal information and provide fraudsters with ready-made answers to the most common security questions. Take proactive steps to ensure business continuity.

Fraud Prevention 52

Fraud Prevention Deepfake Fraud Detection Authentication 52

Stax

AUGUST 22, 2024

Implementing an effective risk management framework can help you minimize the impact of potential threats, ensure business continuity, and recover quickly in the face of adversity. Identity theft, data breaches, and chargeback fraud are some of the most common types of risks.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

PYMNTS

JULY 22, 2020

There’s also the risk of fraud, security breaches, errors from missing information, inaccurate reporting and the inability to take advantage of early-pay discounts. The race for automation in all areas of business is now underway. Paper has been the culprit all along. It’s just more apparent now.

Automation 60

Automation Accounts Irrevocability Checks 60

Nanonets

DECEMBER 13, 2023

AI's ability to consistently enforce security measures helps prevent unauthorized access and data breaches. 6: Maintaining Data Integrity AI is a critical asset in bolstering business continuity and safeguarding data in claims management.

AI 102

AI Process Fraud Detection Compliance 102

M2P Fintech

OCTOBER 19, 2023

Cloud providers’ robust security and redundancy resources reduce interruptions, ensuring business continuity for banks with modernized core systems. Storing data in the cloud reduces data breach risks and cyberattacks for banks, enhancing overall security. Greater resilience: Aging hardware raises downtime risks and costs.

Online and Mobile Banking 52

Online and Mobile Banking ATM Point-of-Sale (POS) Compliance 52

The Payments Association

OCTOBER 11, 2024

Additionally, this role is key in maintaining open lines of communication with regulators, keeping the firm aligned with FCA expectations, and continuously reviewing internal processes to prevent safeguarding breaches. Firstly, Gorria emphasises the importance of “Ensure you’re doing sufficient gap mapping.

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

Neopay

JUNE 27, 2024

Cybersecurity: Establish robust cybersecurity measures to protect against unauthorised access, data breaches and cyber threats. Operational resilience and business continuity: Develop a comprehensive business continuity plan to ensure uninterrupted operations in the event of disruptions or emergencies.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

Exact Payments

JANUARY 14, 2024

Whether you run a SaaS business, platform or marketplace, all online businesses need a secure and convenient way to accept and process payments. But with more competition than ever, and so many SaaS options, it’s crucial that your business continue to find ways to grow.

Payment APIs and Integration 52

Payment APIs and Integration Payments CRM Embedded Finance 52

Exact Payments

JANUARY 14, 2024

Whether you run a SaaS business, platform or marketplace, all online businesses need a secure and convenient way to accept and process payments. But with more competition than ever, and so many SaaS options, it’s crucial that your business continue to find ways to grow.

Payment APIs and Integration 52

Payment APIs and Integration Payments CRM Embedded Finance 52

Nanonets

SEPTEMBER 21, 2023

By implementing EDI payment solutions, businesses can streamline their payment processes and improve overall efficiency. Streamlining with EDI Payment Solutions As businesses continue to seek ways to optimize their operations, the adoption of electronic data interchange (EDI) payment solutions has become increasingly popular.

Payment Solutions 52

Payment Solutions Payee Payments Payer 52

PYMNTS

MARCH 14, 2017

Though money laundering is a dangerous and enormous aspect of fraud, it’s often overshadowed by high-profile data breaches and other cybercrime activities. However, both regulators and authorities around the globe are cracking down on businesses who are failing to adequately prevent money laundering activities. In the U.S.

AML 44

AML Verification Money Laundering Authentication 44

Nanonets

SEPTEMBER 29, 2023

Scalable: As your business continues to grow, manual payment management becomes increasingly challenging to scale. This enables compliance and mitigates the risk of potential security breaches. The efficiency gains, accuracy improvements, and time savings translate into improved overall productivity and cost-effectiveness.

Payments 52

Payments Reconciliation Automation ACH 52

EBizCharge

MAY 2, 2024

Some may feel they’re overpaying , which could impact customer loyalty and damage a business’s reputation. Competitive disadvantage: If competing businesses continue to absorb credit card fees, it may put the use of no fee credit card processing at a disadvantage pricewise.

Credit Cards 52

Credit Cards Process Processors Legal 52

Nanonets

SEPTEMBER 23, 2023

This objective helps to maintain business continuity and uphold customer satisfaction. By identifying and mitigating  risks  associated with supplier performance, contractual breaches, or market uncertainties, organizations can protect themselves from potential disruptions.

Gateways 52

Gateways RFP Value Added Service Compliance 52

Fintech Labs Insights

AUGUST 22, 2024

Q2: Provides digital banking solutions, continues strong growth with successful launches of new banking platforms. Spring/West 2020 (Digital): Breach Clarity (acquired by TransUnion): Cybersecurity solutions for financial fraud detection, received critical acclaim for its innovation. Stratos (acquired by Ciright): Raised $8.1M

Online and Mobile Banking 15

Online and Mobile Banking Acquirers Payment APIs and Integration AI 15

Segpay

MARCH 20, 2024

This proactive approach to fraud detection minimizes financial losses for banks and customers, strengthens cybersecurity posture, and mitigates data breaches and cyber-attack risks. The collection and analysis of vast amounts of customer data increases the risk of data breaches, unauthorized access, and misuse of personal information.

AI 111

AI Privacy Non-Bank Fraud Detection 111

The Payments Association

DECEMBER 9, 2024

This imperative stems not only from the complexities of todays financial ecosystem, which includes threats from cybersecurity breaches and geopolitical instability, but also from direct experiences such as the COVID-19 pandemic and high-profile incidents like the CrowdStrike outage. The frequency of these incidents is alarming.

Rules 88

Rules Compliance Risk Management Regulations 88

The Payments Association

MARCH 20, 2025

Phishing attacks, ransomware, and data breaches have become constant threats. Companies should adopt zero-trust security models, continuous risk assessments, and real-time threat intelligence to ensure theyre staying one step ahead in this degree. The final pillar is business continuity and incident response.

Compliance 88

Compliance Disaster Recovery Regulatory Compliance Risk 88

The Payments Association

JANUARY 27, 2025

Under the proposals, the PRA and FCA will expect firms to report incidents meeting certain thresholds even if these have not yet breached the impact tolerances of any affected important business service under the operational resilience rules.

Rules 88

Rules Assessments Procedures Compliance 88

The Fintech Times

JANUARY 11, 2025

Historically, firms would allocate capital to cover any losses faced as a result of a breach, however, this would only act as a short-term solution. Traditional methods of dealing with ICT breaches would often result in a financial organisation adjusting its own offerings, but leaving potential ICT third-parties still at risk.

Checks 59

Checks Compliance Risk Breach 59