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. But it’s not just big companies who face this risk. These guidelines significantly reduce the risk of your business’s vulnerability to data breaches.

Best Practices 40

Best Practices Processors Transactions Security 40

PYMNTS

JANUARY 27, 2017

It’s shocking that a company of Yahoo’s size and long history could fall prey to such attacks and that there were no countermeasures, such as data encryption, in place to prevent them.”. may actually be putting users’ security at risk. They just don’t understand the risks involved. Hold That Selfie.

Data Breach 71

Data Breach Breach Security Risk 71

Nanonets

APRIL 29, 2024

Balance sheet reconciliation software offers built-in compliance checks and audit trails, ensuring adherence to regulatory requirements and mitigating the risk of non-compliance penalties. Risk Management : Accurate and timely reconciliation is critical for effective risk management.

Reconciliation 52

Reconciliation Payment APIs and Integration Regulatory Compliance Compliance 52

Stax

FEBRUARY 26, 2024

Because the transaction takes place through a payment gateway that utilizes data encryption or tokenization to secure sensitive information during transmission, accepting payments using a virtual terminal from Stax (which is PCI compliant) is secure. Learn More What Is a Contactless Virtual Terminal?

Credit Cards 88

Credit Cards Payment Gateways Gateways Point-of-Sale (POS) 88

FloQast

MAY 13, 2024

This technology offers an immutable ledger, reducing fraud risks and ensuring a clear audit trail. Data analysis and business intelligence tools have become more affordable in recent years. With access to tools that can analyze big data, you can help with forecasting, cash flow planning, managing risk, and increasing profitability.

Accounts 52

Accounts Technology Cybersecurity Audit 52

Core

SEPTEMBER 15, 2023

The digitized nature of kiosk payments facilitates a streamlined process, better record-keeping, and accurate data entry, all of which significantly increase operational efficiency. Kiosk payments mitigate these risks by managing payments electronically with built-in encryption, secure data storage, and authentication measures.

Governance 52

Governance Government Transactions Security 52

Core

MARCH 19, 2024

Additionally, they increase the risk of non-compliance penalties. Conducting Due Diligence on Vendors and Suppliers When working with vendors and suppliers, verifying their legitimacy can reduce the risk of entering into contracts with entities that could attempt to defraud payment processes.

Fraud Detection 52

Fraud Detection Governance Government Compliance 52

The Finance Weekly

DECEMBER 30, 2021

Large companies are firmly embracing robotic process automation (RPA), leveraging sophisticated data analytics and visualization tools, and exploring the use of blockchain and other new technologies. Heightened Data Security A data security breach is one of the CFO’s biggest nightmares.

Technology 52

Technology MSPS Small Business Data Security 52

Nanonets

NOVEMBER 20, 2023

Difficulty Detecting Fraud or Errors: The risk of overlooking fraudulent activities or errors is higher in a manual system. Automation solutions, such as AP automation software, can significantly mitigate these challenges by streamlining processes, improving accuracy, and enhancing communication within the accounts payable department.

Payment Reconciliation 52

Payment Reconciliation Automation Reconciliation Verification 52

Ikajo

NOVEMBER 22, 2023

Risk mitigation Given that PayFacs handle the most sensitive information of customers – their payment data – they must keep it secure and detect unauthorized transactions. Look into their payment fraud prevention measures, including data encryption, anti-fraud filters, and adherence to PCI DSS.

Facilitators 52

Facilitators Payment APIs and Integration PCI DSS Payments 52

Nanonets

SEPTEMBER 21, 2023

Finance automation also ensures  enhanced compliance  with regulations, minimizing the risk of non-compliance and associated penalties. Additionally, it provides  real-time visibility  into financial data, empowering businesses to make timely and informed decisions based on accurate information.

Automation 52

Automation Finance Assessments Compliance 52

Nanonets

SEPTEMBER 21, 2023

Another essential factor to consider when integrating EDI payment is data security. A reputable EDI payment provider will offer data encryption and other security measures to safeguard your business data. Data Security Risks EDI payment solutions involve the exchange of sensitive financial data between trading partners.

Payment Solutions 52

Payment Solutions Payee Payments Payer 52

EBizCharge

JUNE 4, 2024

The system’s efficiency mitigates late and missed payments, contributing to a steady and predictable cash flow. Security and fraud prevention Security is paramount in payment processing, and Acumatica provides robust tools and standards to protect sensitive data.

Credit Cards 52

Credit Cards Process Payment Gateways Best Practices 52

Nanonets

NOVEMBER 15, 2023

But with a paperless accounts payable system, seamless data flow and automated workflows ensure these challenges are effectively mitigated. Moreover, integrations with your ERP or accounting software ensure that all financial data is synchronized and up-to-date, reducing the risk of inaccuracies and duplication.

Accounts 52

Accounts Payment APIs and Integration Audit Automation 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

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

Nanonets

JULY 21, 2023

It offers a standardized and risk-based approach to managing various reconciliations, ensuring accuracy, workload reduction, and efficient control. With cloud-based storage, all relevant personnel can access, view, and modify the data, reducing the risk of data loss as each input is instantly backed up in the cloud.

Reconciliation 52

Reconciliation Payment APIs and Integration Automation Audit 52