The Fintech Times

MARCH 18, 2024

Key benefits of digital fraud prevention tools Real-time monitoring leveraging fraud detection algorithms The power of modern fraud detection tools lies in their ability to monitor transactions and user behaviour continuously, in real time. This commitment instils trust and fosters a deep sense of loyalty among customers.

Fraud Prevention 59

Fraud Prevention AI Fraud Detection Payments 59

EBizCharge

OCTOBER 25, 2023

Now more than ever, businesses are focusing on preventing data breaches and implementing response protocols to mitigate breaches if they occur. According to the 2023 IBM Data Breach Report , the global average cost of data breaches was $4.45 million this year, up 15% over the last three years.

Data Breach 52

Data Breach Best Practices Breach Phishing 52

EBizCharge

JUNE 4, 2024

Because it’s cloud-based, Acumatica provides real-time access to business data from any location, facilitating remote work and business continuity. The system’s efficiency mitigates late and missed payments, contributing to a steady and predictable cash flow.

Credit Cards 52

Credit Cards Process Payment Gateways Best Practices 52

FloQast

MAY 13, 2024

Integrating these tools into your workflows can help you eliminate routine data entry and repetitive tasks, improve efficiency, and remain competitive. Continuous Learning with Digital Transformation As digital technologies evolve, continuous learning is essential for accounting teams.

Accounts 52

Accounts Technology Cybersecurity Audit 52

Core

MARCH 19, 2024

Lack of Continuous Transaction Monitoring Capabilities Real-time monitoring is a powerful tool for prompt detection of government payment fraud. However, local governments often lack continuous transaction monitoring capabilities. Leveraging Data Analytics and Anomaly Detection Unusual patterns are a significant fraud indicator.

Fraud Detection 52

Fraud Detection Governance Government Compliance 52

The Finance Weekly

JUNE 5, 2024

4) User Experience Empower your entire workforce to access continually updated information in real time across devices. 7) Extensibility Consolidate data collection and analysis in one location for comprehensive insights. Facilitate data-sharing with stakeholders using APIs, ETL connectors, and built-in integrations.

AI 52

AI Audit API Data Encryption 52

Segpay

JUNE 13, 2024

This shows that as businesses and customers continue to rely on online payment systems the risk of falling prey to cyber security threats increases too. SMBs also fall victim to cyber criminals, as many lack the resources and knowledge to set up threat mitigation strategies, leaving them vulnerable to attacks.

Best Practices 40

Best Practices Processors Transactions Security 40

Exact Payments

FEBRUARY 5, 2024

ISVs will now be required to incorporate SAD within their data retention policies, necessitating the removal of users who have remained inactive during the specified retention period. Change #2: Primary Account Number (PAN) Encryption The security of sensitive information, such as primary account numbers (PANs), is of utmost importance.

ISVS 52

ISVS PCI DSS Encryption Authentication 52

The Finance Weekly

DECEMBER 30, 2021

The following are a few practical considerations as waves of new technology continue coming our way. Heightened Data Security A data security breach is one of the CFO’s biggest nightmares. Malware attacks, especially ransomware attacks, are on the rise.

Technology 52

Technology MSPS Small Business Data Security 52

Nanonets

SEPTEMBER 22, 2023

By implementing  vendor management solutions , organizations can optimize their procurement process, make informed decisions based on vendor performance data, improve communication and collaboration, and mitigate risks associated with manual processes.

Automation 52

Automation Compliance Risk Process 52

Nanonets

SEPTEMBER 21, 2023

  Integration with existing systems  is crucial to maintain data consistency and streamline operations.   Continuous improvement  efforts are necessary to optimize and refine the automated finance workflows. Machine learning is another powerful technology that plays a crucial role in finance automation.

Automation 52

Automation Finance Assessments Compliance 52

Nanonets

SEPTEMBER 21, 2023

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. Another essential factor to consider when integrating EDI payment is data security.

Payment Solutions 52

Payment Solutions Payee Payments Payer 52

Nanonets

NOVEMBER 15, 2023

But with a paperless accounts payable system, seamless data flow and automated workflows ensure these challenges are effectively mitigated. Optimizing your system based on these insights will ensure that it continues to meet your needs as your business evolves and grows. This process is both time-consuming and error-prone.

Accounts 52

Accounts Payment APIs and Integration Audit Automation 52

The Payments Association

NOVEMBER 27, 2024

Following a successful pilot in 2023, the bank is now rolling out the service to its entire customer base, leveraging technology collaborations to continue to deliver the highest standards of performance, security, and customer trust. We will continue to scale by increasing our asset diversity and developing our service infrastructure.

Security 88

Security Data Encryption On-Demand Encryption 88

Segpay

DECEMBER 19, 2024

Identity as a Service, Key to Seamless Digital Transformation As the world continues to digitalize, the need for secure, and scalable identity management systems becomes critical. These adaptive security measures help mitigate potential breaches.

Verification 75

Verification Authentication MFA Compliance 75