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 84

Disputes Laws Rules Government 84

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

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

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

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

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

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

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

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

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

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 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

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

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

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

Fintech News

OCTOBER 15, 2024

HashKey Global, a licensed digital asset exchange, has teamed up with Sumsub , a global verification platform, to improve its Know Your Customer (KYC) and Anti-Money Laundering (AML) processes. This shift from manual verification to an automated system has allowed HashKey to process user verifications more efficiently.

Verification 109

Verification Fraud Detection Money Laundering Compliance 109

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

The Fintech Times

MAY 20, 2024

On 14 May, Spain-based Banco Santander and Iberpay , the Spanish retail payment system, processed the first international instant transfers based on the European Payments Council ‘s (EPC’s) ‘One-Leg Out’ scheme, initiated and completed in different currency areas.

Process 49

Process International Payments Instant Payments Treasury Management 49

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

Basis Theory

FEBRUARY 8, 2024

The solution is to optimize payment operations - the processes that regulate the flow of funds, and provide the standard operating procedures that maximize inflows - and minimize outflows - all day, every day. As businesses grow, the complexities of keeping up with the money that flows in and out of their accounts start to pile up.

Procedures 88

Procedures Payments Regulations Accounts 88

Nanonets

MARCH 4, 2024

Expense reimbursement is a fundamental aspect of business operations, encompassing the process by which employees are paid back for expenses they've incurred on behalf of the company. However, managing this process is fraught with challenges. leveraging the right technology to streamline your expense reimbursement workflow.

Process 52

Process Compliance Automation Audit 52

PYMNTS

JANUARY 13, 2021

13) that it has extended its payment processing arrangement with Fiserv. PSCU has grown from a transaction processing service reseller to a FinTech provider serving credit unions (CUs) and their members since the start of that partnership over three decades ago, according to the announcement. “We billion transactions each year.

Credit Union 69

Credit Union Process Credit Union Service Organization Procedures 69

VISTA InfoSec

JANUARY 9, 2024

The Payment Card Industry Data Security Standard (PCI DSS) is a set of security requirements that apply to all organizations that process, store, or transmit cardholder data. Below, we present a meticulously curated list that highlights the transformations in requirements and test procedures from PCI DSS v3.2.1 to PCI DSS v4.0:

PCI DSS 113

PCI DSS Procedures Authorization Security 113

Nanonets

MAY 8, 2023

Reconciliation is a mandatory process for businesses of all sizes. Let’s look at the reconciliation processes and how reconciliation software simplifies reconciliation for your finance department. The manual process involves Matching documents manually or using different excel sheets. How do reconciliation manually?

Reconciliation 52

Reconciliation Automation Process Adjustments 52

VISTA InfoSec

MAY 24, 2024

Establish processes for ongoing monitoring, vulnerability scanning, and penetration testing to identify and address security vulnerabilities promptly. Establish processes for ongoing monitoring, vulnerability scanning, and penetration testing to identify and address security vulnerabilities promptly. of PCI DSS. of PCI DSS.

PCI DSS 202

PCI DSS Small Business Assessments Compliance 202

Fintech Finance

OCTOBER 14, 2024

This process involved an in-depth examination of Orbital’s internal controls, policies, and procedures across multiple AICPA Trust Services Criteria. Orbital’s compliance was verified through a rigorous audit conducted by A-LIGN , a globally respected Certified Public Accountant (CPA) firm.

Compliance 95

Compliance ISOs Procedures Audit 95

Nanonets

SEPTEMBER 22, 2023

Running a business involves various processes, and one crucial aspect is understanding the order to cash (OTC) process. The  OTC process  encompasses a series of steps, starting from when a customer makes a purchase to when the business receives and clears cash for that purchase. What is the Order to Cash Process?

Process 40

Process Cash Management Best Practices Credit Limit 40

Finovate

OCTOBER 10, 2024

The new re-authentication procedures are designed to help combat the threat of Authorized Push Payment (APP) fraud. The new procedures are being used specifically to prevent fraudsters from using accounts they have accessed illegally. The new procedures come as new laws designed to stop Authorized Push Payment (APP) fraud in the U.K.

Authentication 59

Authentication Procedures Push-to-Card Online and Mobile Banking 59

Payment Savvy

MAY 5, 2021

Most people think that payment processing for law firms is a simple and straightforward process. However, it is a complex procedure that is governed by strict regulations. Due to the above reasons, law firms need to adopt an advanced payment processing system. Trust Fund Payment Processing.

Laws 52

Laws Process Payments Debit Card 52

PYMNTS

MARCH 26, 2020

The company has reduced its hiring procedure timeline from as much as two weeks to as short as three hours by doing away with written job offers and formal interviews, Bloomberg reported. Bartlett also noted that the retailer is making quicker determinations when it comes to operations beyond a quickened hiring process.

Process 88

Process On-Demand Procedures Product 88