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

Stax

SEPTEMBER 17, 2024

Each requirement plays a critical role in building a secure environment for payment processing. These include penalties, legal repurcussions, and the revocation of credit card processing privileges. Each requirement plays a critical role in building a secure environment for payment processing. What is PCI Compliance?

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

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

Nanonets

SEPTEMBER 27, 2024

According to a recent study by Datos Insights , the insurance industry lags in terms of digitisation, with only 20% automation in underwriting and less than 3% automation in claims processing across sectors. Underwriting and claims processing are two key insurance processes that are still handled manually.

Process 52

Process Underwriting Automation Database 52

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

Nanonets

NOVEMBER 7, 2024

is an Intelligent Document Processing (IDP) platform that harnesses the power of Large Language Models (LLMs) to extract data from any document with guaranteed accuracy.    By offering access to the latest AI models and an on-demand human-in-the-loop (HITL) review through its Data Processing Crowd, Super.AI

AI 52

AI Process Automation Volume 52

Nanonets

JULY 14, 2023

We will also touch upon what is wrong with the current state of invoice recognition OCR and information extraction in invoice processing. For a long time, we have relied on paper invoices to process payments and maintain accounts. But can this process be done better, more efficiently, with less wastage of paper, human labor and time?

Automation 98

Automation Process Payment APIs and Integration Database 98

The Fintech Times

SEPTEMBER 12, 2024

Ensuring procurement procedures are up to date is a surefire way of ensuring success according to new research from Vertice. “Quick, intelligent, integrated processes can equip teams faster, with safe and compliant tools, accelerating overall project timelines. Who is keeping up to date? 22 per cent improvement in budget control.

Process 59

Process Compliance Procedures Automation 59

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

APRIL 3, 2024

Guide to the Vendor Account Reconciliation Process Running a business involves collaboration with various vendors who provide different kinds of products and services. Vendor reconciliation , a crucial part of this process, involves scrutinizing purchase-related documents to ensure accuracy in all vendor transactions.

Reconciliation 52

Reconciliation Process Accounts Duplicate 52

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

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. a Review documented policies and procedures and conduct interviews with personnel to ensure processes are defined to include all elements specified in this requirement. Testing Procedures: 4.1.2.a

PCI DSS 130

PCI DSS Encryption Procedures Best Practices 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

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

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.

PCI DSS 130

PCI DSS Procedures Best Practices Risk Assessment 130

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

Global Fintech & Digital Assets

JANUARY 12, 2024

Long , Parag Patel , Barrie VanBrackle , Pia Naib , and Deric Behar On December 14, 2023, a bipartisan group of senators introduced the Fair Audits and Inspections for Regulators’ Exams Act (FAIR Exams Act), which seeks to increase transparency in the bank examination process.

FFIEC 52

FFIEC Process FRB Consumer Financial Protection Bureau (CFPB) 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

Seon

SEPTEMBER 20, 2023

According to McKinsey, banks use up to 40% of their onboarding time on KYC and due diligence processes. It involves the mandatory gathering and initial validation of a person’s details, such as their personally identifiable information (PII), which is required to initiate the full Know Your Customer process.

Process 52

Process Due Diligence AML Verification 52

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

Stax

MARCH 15, 2024

Making sure there are secure payment technology policies and procedures within your company will guarantee the integrity of present and future transactions. Security threats can come from anywhere, and that is why you must institute checks and specific credit card processing policies that secure sensitive client details.

Process 88

Process Security PCI DSS Encryption 88

Nanonets

APRIL 17, 2023

Perfecting the purchase order process can take time and thus is often not prioritized. However, having an efficient purchase order process goes a long way in maintaining AP efficiency. In this article, we cover what a purchase order process is and the various steps involved in executing a purchase order.

Process 52

Process Procedures Automation Legal 52

Segpay

FEBRUARY 23, 2024

However, fraud mitigation in payment processing is a team sport. Implement Network Security and Stay PCI-Compliant: PCI-compliance is required to process card transactions on your platform. If you’ve experienced our onboarding process, you would know how thorough it can be. Your business relies on your vigilance.

Mitigation 52

Mitigation Process Payments Compromise 52

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

Stax

MAY 7, 2024

billion in processing fees, which was a 16.7% If this solidifies your resolve to embrace digital and cashless payment methods, the first step should be to understand what credit card processing fees are, how they work, and how you can lower them. To complete payment processing, credit card companies have to charge processing fees.

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88

Payment Savvy

JULY 3, 2024

Businesses that learn the ins and outs of debit card processing can better accommodate their customers’ preferences and rationalize their financial procedures. Every merchant should prioritize taking the time to understand debit card processing to streamline operations and enhance customer satisfaction.

Debit Card 52

Debit Card Process PCI DSS Processors 52

Nanonets

APRIL 20, 2023

This makes it difficult to process patient information, and derive relevant insights, raises administrative costs, and leads to delay in healthcare. Source Reduce patient wait times, amplify the workforce, and improve efficiency across your healthcare ecosystem with automated medical document processing and workflows.

Automation 96

Automation Process Use Case Regulations 96

PYMNTS

JANUARY 18, 2021

The survey also revealed that lack of experience in remote hiring has been a factor not just for entry-level hiring staff and recruiters but also for veteran managers who are simply unfamiliar with conducting such processes virtually.

Verification 112

Verification Process Procedures Money Laundering 112

Nanonets

MAY 30, 2024

Imagine a world where your procurement process runs like a well-oiled machine—no more delays, no more errors, and no more endless paperwork. The process starts with the need of a new purchase. Purchase Order Approval : The PO undergoes an automated approval process within Nanonets. Sounds too good to be true?

Automation 52

Automation Process P2P Compliance 52

The Payments Association

AUGUST 20, 2024

We explore how leveraging advanced technologies and optimising processes not only enhances the efficiency of KYB checks but also significantly boosts PSPs' competitive edge.

Procedures 88

Procedures Compliance Checks Service Provider 88

Nanonets

MAY 22, 2024

This transformation focuses on three key elements: adopting digital technologies, implementing innovative procurement strategies, and reengineering procurement processes. By automating processes and optimizing supply chains, organizations can achieve substantial savings. Key Elements of Procurement Transformation 1.

Process 52

Process P2P Automation Adjustments 52

PayJunction

MAY 28, 2024

Dental practices continually invest in tools, technology and procedures to better manage patients' health while boosting staff productivity. Replacing outdated systems and mundane paper-based office tasks with time-saving solutions frees employees to focus on activities that drive value.

Procedures 40

Procedures Process Continuity Payments 40

Nanonets

MAY 31, 2023

 While there are two participants in a procurement process – the buyer and the seller, it is the act of procurement by the buyer that is referred to as the procurement process. Let us see what the procurement process is and why digitizing the process offers advantages. What is a procurement process?

Process 52

Process Automation Product Third Party Vendors 52

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. Verify secure data deletion processes. PCI DSS v3.2.1 PCI DSS v4.0

PCI DSS 100

PCI DSS Encryption Procedures Authorization 100

Nanonets

MARCH 12, 2024

Record-to-Report (R2R) is a critical finance management process in corporate finance, which focuses on collecting, processing, and delivering accurate financial data. Data Processing: Transactions are classified, sorted, and recorded in the appropriate accounts. It serves several purposes - 1.

Process 52

Process Finance Reconciliation Compliance 52

Bank Automation

AUGUST 20, 2024

Gather Federal Credit Union has selected credit underwriting platform Zest AI to reduce fraudulent activity during the loan origination and decisioning process.

Transactions 81

Transactions Credit Union Underwriting Procedures 81

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. addressed common coding vulnerabilities in software-development processes. - Verification involved examining software-development procedures and interviewing personnel.

PCI DSS 100

PCI DSS Procedures Best Practices Verification 100