Nanonets

APRIL 20, 2023

Source Reduce patient wait times, amplify the workforce, and improve efficiency across your healthcare ecosystem with automated medical document processing and workflows. Digitizing patient document processing and feeding data into the EHR is one of the most effective ways in which digitized healthcare can help improve patient care.

Automation 96

Automation Process Use Case Regulations 96

Nanonets

JULY 11, 2023

To ensure the effectiveness of purchases controls, organizations must document and assess their control mechanisms through a comprehensive test of control. Evaluating the effectiveness of purchase controls requires thorough documentation and testing to ensure that they are designed appropriately and operating effectively.

Procedures 40

Procedures Audit Mitigation Assessments 40

VISTA InfoSec

JANUARY 23, 2024

and Bluetooth - Cellular technologies, like Global System for Mobile communications (GSM), Code division multiple access (CDMA) General Packet Radio Service (GPRS) - Satellite communications Testing Procedures: 4.1.a The tasks and responsibilities associated with executing activities in Requirement 4 are documented, assigned, and understood.

PCI DSS 130

PCI DSS Encryption Procedures Best Practices 130

Nanonets

NOVEMBER 29, 2023

Introduction In the fast-paced world of modern business, document approval processes are paramount. These processes, which encompass the review, modification, and finalization of documents, are critical in ensuring that business operations run smoothly and adhere to necessary compliance standards.

Automation 52

Automation Compliance Legal Process 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

Nanonets

JUNE 27, 2023

Traditional paper-based documents can be cumbersome to handle, store, and retrieve for businesses daily, leading to inefficiencies and productivity bottlenecks. Yet documentation and its management are integral to any company’s workflow. This is where document digitization comes into play. What is document digitization?

Product 52

Product Disaster Recovery Automation Compliance 52

VISTA InfoSec

JANUARY 9, 2024

Below, we present a meticulously curated list that highlights the transformations in requirements and test procedures from PCI DSS v3.2.1 Defined Approach Requirements and Testing Procedures 1.1.1 by reviewing documented procedures. by reviewing documented procedures. to PCI DSS v4.0: PCI DSS v3.2.1

PCI DSS 113

PCI DSS Procedures Authorization Security 113

VISTA InfoSec

JANUARY 22, 2024

Requirement and Testing Procedures 3.2.a Requirement and Testing Procedures 3.2.a Requirement and Testing Procedures 3.1 Minimize cardholder data storage by implementing policies, procedures, and processes for data retention and disposal. Confirm this by examining data stores, system settings, and vendor documents.

PCI DSS 100

PCI DSS Encryption Procedures Authorization 100

Bank Automation

AUGUST 20, 2024

AI-driven Zest Protect can help financial institutions fight identity fraud and identify fake documents during the loan procedure, Adam Kleinman, head of strategy and client success at Zest AI, told Bank Automation News. […]

Transactions 81

Transactions Credit Union Underwriting Procedures 81

Nanonets

JUNE 15, 2023

Introduction Documents are the lifeblood of business communication. They allow for the transfer of information, the tracking of decisions, the formalization of procedures, and the documentation of business transactions, among many other things. Why are Document Workflows essential?

Automation 52

Automation Payment APIs and Integration Audit Process 52

VISTA InfoSec

FEBRUARY 16, 2024

The requirement mandates that software development procedures must be documented and examined to ensure that all security considerations are integrated into every stage of the development process. This ensures a clear documentation trail of security practices. PCI DSS v3.2.1 PCI DSS v4.0 Requirement 6.5 is now 6.2.2. PCI DSS v4.0

PCI DSS 100

PCI DSS Procedures Best Practices Verification 100

VISTA InfoSec

FEBRUARY 25, 2024

Breaches involve stealing or leaking confidential data like customer records, passwords, financial documents, emails, or intellectual property that companies entrust to online environments. And painful account recovery procedures await all users who must reset passwords across potentially dozens of breached websites.

Data Breach 272

Data Breach Breach Multifactor Authentication Cybersecurity 272

Fintech News

OCTOBER 15, 2024

Over the last three months, Sumsub’s technology has helped HashKey address onboarding delays by automating its verification procedures for its 600,000 registered users. This shift from manual verification to an automated system has allowed HashKey to process user verifications more efficiently.

Verification 98

Verification Fraud Detection Money Laundering Compliance 98

VISTA InfoSec

JANUARY 29, 2024

b Conduct interviews with staff responsible for Requirement 5 to ensure that the roles and duties are allocated as per the documentation and are comprehended. a Review policies and procedures to confirm that it is mandatory for anti-virus software and definitions to be kept current. . -> 5.1.2.a evaluations.

PCI DSS 130

PCI DSS Phishing Best Practices Procedures 130

VISTA InfoSec

MARCH 6, 2024

Testing Procedures Broad testing, looking at system settings, monitored files, etc. Testing procedures align with updated access language. Testing Procedures Review policies and procedures, observe processes, interview personnel. Similar emphasis on policies and procedures. Maintains the core concept. No changes.

PCI DSS 130

PCI DSS Procedures Best Practices Risk Assessment 130

VISTA InfoSec

MAY 24, 2024

Develop and document security policies and procedures tailored to business operations. It is a set of policies and procedures for systematically managing an organization’s sensitive data. Conduct PCI DSS training for all employees. It must be done weekly and/or after significant changes in the systems and applications.

PCI DSS 243

PCI DSS Small Business Assessments Compliance 243

Neopay

NOVEMBER 18, 2024

A common mistake made by applicant firms is to assume that they can use template, off-the-shelf frameworks and documentation for the application which can then be adapted once the business becomes operational. This will not work with the FCA and will result in your application being refused.

Returns 52

Returns AML Procedures Regulations 52

Nanonets

APRIL 24, 2024

This audit aims to verify the accuracy and completeness of the bank reconciliation procedures and ensure that they are conducted in accordance with established accounting standards and regulatory requirements. They assess the adequacy and accuracy of documentation to support the integrity of financial records.

Reconciliation 52

Reconciliation Audit Procedures Correspondent 52

Nanonets

JUNE 19, 2023

We will also cover how automation helps to streamline the AP audit procedure. An accounts payable audit is an in-depth assessment of a company's accounts payable records and procedures. By performing routine accounts payable audit procedures, businesses can uphold their financial integrity. What is an AP Audit?

Audit 52

Audit Accounts Procedures Compliance 52

Innovative Payments Association

JULY 8, 2024

Disclosures should include information about fees, error resolution procedures, and consumer rights under Regulation E. Establish Robust Error Resolution Procedures: Develop and implement procedures for handling consumer error resolution requests in accordance with Regulation E.

Reg E 52

Reg E CFPB Error Resolution Boot Camp 52

VISTA InfoSec

JULY 31, 2023

Create a Formal Procedure : Establish a standardized process for restricting network access by configuring rules and criteria for your firewalls and routers. Maintain Documentation of Your Procedures : Keep a record of your process and create visual representations of cardholder data streams between systems and networks.

PCI DSS 130

PCI DSS Security Encryption Compliance 130

VISTA InfoSec

FEBRUARY 28, 2024

Specific Requirement - New: Rules for limited shared account use (duration, documentation, approval, auditability). Changes Core Focus Limiting database access to programmatic methods (apps, stored procedures) and database administrators. Interview those in charge: do these accounts follow these strict procedures?

PCI DSS 130

PCI DSS Best Practices Authentication Rules 130

Neopay

MARCH 14, 2024

Identification of Funds Auditors will be expecting to see documentation covering how and when relevant funds arise in your business, including transaction flows. The frequency and methods of internal and external reconciliations need to be documented within your policies and procedures and you should be able to evidence them operationally.

Audit 59

Audit Risk Assessment Reconciliation Due Diligence 59

VISTA InfoSec

OCTOBER 21, 2024

Develop and implement policies and procedures Developing and implementing policies ensures everyone knows what to do to keep data safe, no matter the language they speak. Create a clear policy document that outlines every step of your cybersecurity plan.

Cybersecurity 130

Cybersecurity Compliance Encryption Best Practices 130

VISTA InfoSec

FEBRUARY 21, 2024

The procedures and methods for limiting access to system components and cardholder data, based on a business’s need-to-know basis, are clearly outlined and comprehended. They were documented and had to be approved by authorized parties (7.1.4). Access wasn’t given out willy-nilly. Access isn’t just given out to anyone.

PCI DSS 130

PCI DSS Database Best Practices Procedures 130

Fintech News

FEBRUARY 14, 2024

In particular, the report notes that the widespread adoption of digital alternatives for mainstream trade finance documents has remained a major sticking point. This can help mitigate value chain disruptions and allow stakeholders to avoid losses caused by inadequate documentation during supply chain interruptions.

Finance 112

Finance Distributed Ledger Technology (DLT) Payment APIs and Integration Legal Framework 112

Finovate

OCTOBER 22, 2024

The new rule, issued in the form of a 594-page document, aims to enhance consumers’ rights, privacy, and security over their own personal financial data. ” Today’s rule comes about a year after the CFPB issued a much shorter, 29-page document that proposed the change. Today is a day the U.S.

Rules 52

Rules Consumer Financial Protection Bureau (CFPB) CFPB GLBA 52

Nanonets

MAY 8, 2023

Audit trails should include key information such as what, who, when, where, and how to document each step of a transaction or event. As a controller, it is important to prepare for an audit trail by identifying areas that require documentation and creating an actionable plan to improve procedures. Be audit ready always.

Audit 52

Audit Procedures Disaster Recovery Reconciliation 52

VISTA InfoSec

JULY 17, 2024

Develop and implement policies and procedures Developing and implementing policies ensures everyone knows what to do to keep data safe, no matter the language they speak. Create a clear policy document that outlines every step of your cybersecurity plan.

Cybersecurity 238

Cybersecurity Compliance Encryption Best Practices 238

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

Nanonets

APRIL 19, 2024

Petty cash reconciliation is the process of verifying and documenting petty cash transactions to ensure that the amount of cash on hand matches the recorded balance in the petty cash account. However, without proper oversight and reconciliation procedures, petty cash can be susceptible to misuse, errors, or theft.

Best Practices 52

Best Practices Reconciliation Automation Procedures 52

Clearly Payments

NOVEMBER 18, 2024

Investigation Gather all relevant transaction details, including receipts, communications, and shipping documentation. Include all required documentation, adhering to card network guidelines. Evidence Submission Tools Simplifies document uploads and ensures compliance with network requirements.

PCI DSS 59

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

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. Safeguarding procedures and training should be regularly reviewed and updated to reflect current risks and regulatory changes.

Compliance 52

Compliance Procedures Audit Risk Management 52

The Payments Association

OCTOBER 23, 2024

In addition to updating policies and procedures, many firms may need to make significant operational changes, including to their funds flows. During this interim period, the guidance on safeguarding in the FCA Approach Document will be removed or amended where it covers the same ground as the interim-state rules.

Rules 88

Rules Payments Institute Authorization Reconciliation 88

Nanonets

MAY 21, 2024

At the core of accounts management lies account reconciliation, the process of comparing various financial documents to ensure accuracy and accountability.  Document Process: Maintain detailed records of steps, findings, and adjustments. Investigate Discrepancies: Analyze differences, trace transactions and rectify errors.

Best Practices 52

Best Practices Reconciliation Accounts Payment APIs and Integration 52

Fintech News

JANUARY 17, 2024

This update is part of the company’s efforts to streamline its loan approval procedures. The revised process eliminates the need for uploading documents, waiting periods, and processing fees. Since its launch last July, the Trust Instant Loan has incorporated customer feedback, leading to several new features.

Debit Card 88

Debit Card Credit Limit Procedures Adjustments 88

Nanonets

MAY 22, 2023

Financial controls are the procedures, policies, and means by which an organization monitors and manages its revenues, costs, budgets, cash flow, and other financial aspects. These documents provide a holistic view of your business's performance and operations. What are financial controls, and why are they important?

Automation 98

Automation Procedures Audit Process 98