The Payments Association

DECEMBER 9, 2024

This could involve regular audits of AI systems, rigorous testing procedures, and ongoing monitoring of their performance to identify and address discriminatory patterns. If AI systems are not transparent or auditable, it becomes difficult for regulators to assess whether the systems are operating in a manner that protects consumers privacy.

Privacy 88

Privacy Payment Security AI Security 88

The Payments Association

FEBRUARY 10, 2025

Partnering with regional providers, leveraging AI for fraud detection, and conducting regular audits will ensure compliance, transparency, and operational excellence. The primary focus on monitoring master accounts leaves an oversight gap that can be exploited for illicit financial activities. Previous slide Next slide What are vIBANs?

IBAN 88

IBAN AML Master Account Due Diligence 88

The Payments Association

JUNE 24, 2025

The UK’s Transition Plan Taskforce (TPT) and the EU’s Corporate Sustainability Reporting Directive (CSRD) are setting the pace for credible, science-based disclosures and long-term ESG accountability. Collaborate with reputable, science-based providers to ensure environmental claims are accurate, auditable, and aligned with global standards.

Innovation 88

Innovation Card Issuer Payments Issuers 88

Stax

NOVEMBER 21, 2024

A study by the Federal Reserve Bank of San Francisco showed that credit cards account for 31% of all payments, significantly more than cash at 18%, and debit cards at 29%. When the funds get to your business’ bank, the bank will remove any associated fees and credit your account with the balance.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

VISTA InfoSec

FEBRUARY 28, 2024

This is done by assigning unique identifiers and employing authentication factors (like passwords, tokens, or biometrics) to access rights and privileges associated with user, application, system, or service accounts. Changes Overall Focus Strong emphasis on eliminating shared accounts. Eliminate generic accounts (e.g.,

PCI DSS 130

PCI DSS Best Practices Authentication Rules 130

EBizCharge

MARCH 18, 2025

The Sage 100 system provides comprehensive tools for accounting, financial management, inventory control, manufacturing, and distribution. Additionally, Sage 100 integrations provide automated reconciliation, ensuring that transactions are accurately matched to invoices and recorded in accounts receivable (AR) without manual effort.

Credit Cards 52

Credit Cards Process Security Data Breach 52

The Payments Association

FEBRUARY 10, 2025

This legislation represents a significant shift in corporate accountability, aiming to strengthen the UKs legal framework against financial crime. Compliance requires proactive fraud risk assessment, the implementation of preventive procedures, and a culture of accountability.

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

FloQast

MARCH 27, 2024

For a profession that digests a volume of data that many others might not think possible, the onus on accountants to ensure accuracy consistently can seem daunting. This is, of course, precisely why reconciliations are so core to the accounting function. Remember those last few words: They’re foreshadowing.

Reconciliation 105

Reconciliation Audit Accounts Best Practices 105

Core

FEBRUARY 6, 2024

Government Fraud in Payments: An Overview Government fraud in payments refers to any deceptive or fraudulent activities in the context of government financial transactions—including unauthorized account access, the misappropriation of funds, and misuse of public funds. According to the U.S.

Best Practices 52

Best Practices Governance Government Fraud Prevention 52

Finextra

JUNE 13, 2025

Data breaches involving bank account details not only damage reputations and erode customer trust but can also expose organisations to direct financial loss, fraud recovery efforts, and regulatory scrutiny. Tokenisation replaces sensitive bank account information with a secure, randomised token — a placeholder with no exploitable value.

Data Security 59

Data Security Payments Data Security ISO 20022 59

FloQast

NOVEMBER 20, 2023

Internal auditing ensures an organization’s financial integrity, compliance with regulations, and overall operational efficiency. One of the first steps in carrying out an effective internal audit is to perform an internal audit risk assessment. What Is an Internal Audit Risk Assessment?

Risk Assessment 52

Risk Assessment Audit Assessments Risk 52

The Finance Weekly

DECEMBER 15, 2024

Step 1: Conduct a Marketing Audit Why Start with an Audit? A marketing audit provides a snapshot of your current position and helps identify areas that need improvement. Key Activities in a Marketing Audit SWOT Analysis: Assess your internal strengths and weaknesses, as well as external opportunities and threats.

Process 130

Process Audit Adjustments Best Practices 130

EBizCharge

OCTOBER 25, 2023

Sensitive or confidential data can include customer data records, bank account numbers, Social Security numbers, healthcare information, intellectual property, etc. Conduct data audits periodically to determine which data is essential. These breaches can have devastating consequences, both financially and in terms of reputation.

Data Breach 52

Data Breach Best Practices Breach Phishing 52

Nanonets

APRIL 24, 2024

Audit Bank Reconciliation Guide  Both internal and external accounting audits are essential parts of financial management as well as organizational risk management. A bank reconciliation audit is one such process that helps in identifying financial gaps or discrepancies. Looking out for a Reconciliation Software?

Reconciliation 52

Reconciliation Audit Procedures Correspondent 52

Stax

FEBRUARY 19, 2025

This article explores how ISV partnerships can drive growth, key considerations when selecting an ISV partner, and best practices for successful collaborations TL;DR ISV partnerships help businesses access new customer segments and industries. Third-party security audits to ensure best practices are followed.

ISVS 88

ISVS Payment APIs and Integration API Best Practices 88

VISTA InfoSec

NOVEMBER 4, 2024

Understand the responsibilities for ICT risk management According to Article 5 , the board of directors is accountable for ensuring the integration of ICT risk management into the organizations governance. Regular reviews and audits ensure your systems and processes stay aligned with regulatory changes.

Compliance 130

Compliance Third-Party Service Provider Risk Management Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Understand the responsibilities for ICT risk management According to Article 5 , the board of directors is accountable for ensuring the integration of ICT risk management into the organizations governance. Regular reviews and audits ensure your systems and processes stay aligned with regulatory changes.

Compliance 130

Compliance Third-Party Service Provider Risk Management Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Understand the responsibilities for ICT risk management According to Article 5 , the board of directors is accountable for ensuring the integration of ICT risk management into the organizations governance. Regular reviews and audits ensure your systems and processes stay aligned with regulatory changes.

Compliance 130

Compliance Third-Party Service Provider Risk Management Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Understand the responsibilities for ICT risk management According to Article 5 , the board of directors is accountable for ensuring the integration of ICT risk management into the organizations governance. Regular reviews and audits ensure your systems and processes stay aligned with regulatory changes.

Compliance 130

Compliance Third-Party Service Provider Risk Management Audit 130

Fintech News

JANUARY 25, 2024

These AI-based solutions are designed to strengthen EY’s use of ServiceNow risk management offerings, with emphasis on ethical, transparent, and accountable business conduct. The system is designed to unify the dispute management process and includes features like dashboards, automation, and transaction auditing.

AI 117

AI Disputes Risk Management Risk Assessment 117

Nanonets

JUNE 12, 2024

ERP/Accounting Software Sync: Syncing purchase order management with ERP (Enterprise Resource Planning) or accounting software ensures that every procurement record is automatically synced up. These records are also synced with the company’s ERP or accounting software.

Best Practices 52

Best Practices Automation Small Business Process 52

Nanonets

SEPTEMBER 21, 2023

Accounting problems  can create significant challenges for businesses, affecting their  financial flow  in the  US. In this article, we will explore common  accounting problems  faced by businesses and provide  solutions  to overcome them.

Accounts 52

Accounts Audit Payroll Compliance 52

EBizCharge

JULY 7, 2025

Why surcharging matters in Acumatica If you’re using Acumatica to manage your sales, accounting, and AR, it makes sense to manage surcharges there, too. Transparent audit trails and reporting for all surcharged transactions. Why bolt on a workaround when you can build the logic directly into your ERP? How you present it matters.

52

52

Fintech Review

JUNE 18, 2024

However, what is often overlooked or regarded with disdain is the amount of compliance and account reconciliations needed in back-office operations. Advanced software and innovative tools make back-office tasks like compliance checks and account reconciliations more efficient and accurate. Avoid costly errors and regularly lapses.

Reconciliation 98

Reconciliation Compliance Regulatory Compliance Best Practices 98

Segpay

JANUARY 26, 2024

A - Audit Your Affiliates It only takes one bad merchant to take down an entire payment processor or bank, so knowing who you work with is essential. Those processes we employ are also best practices for merchants to apply to their business partners.

Best Practices 105

Best Practices Push-to-Card Due Diligence Processors 105

Segpay

JUNE 13, 2024

In this post, we’ll discuss the best practices for businesses and customers to secure online payment against cyber attacks. Best Practices for Securing Financial Transactions What can businesses and consumers do to ensure secure payment processing in this digital Wild West? Check on your accounts. million ransom.

Best Practices 40

Best Practices Processors Transactions Security 40

Nanonets

NOVEMBER 16, 2023

This function, referred to as accounts payable , is critical to business operations, financial management, and long-term relationship building in every industry.    Accounts payable teams must find the balance between speed and accuracy to get the right payments to the right partners on time.

Accounts 52

Accounts Best Practices Duplicate Checks 52

Nanonets

OCTOBER 1, 2024

Studies show that 25% of invoice errors slip through accounts payable processes undetected despite internal correction efforts. The invoice is then entered into the accounting system with proper coding for general ledger accounts, cost centers, and project codes. ." If only invoice validation were that simple.

Best Practices 40

Best Practices Automation Multi-Currency Process 40

The Payments Association

DECEMBER 16, 2024

Best Practices for Managing FX Risks Diversification Strategies Diversifying your currency portfolio is an effective risk mitigation approach. Maintaining accounts in multiple currencies across different providers can also reduce operational risks. Paying suppliers in their preferred currency eliminates net exposure.

International Payments 88

International Payments Risk Payments Strategy Multi-Currency 88

Fi911

JULY 8, 2024

Fraudsters exploit vulnerabilities in online payment systems and often use stolen credit card information or create fake accounts to make unauthorized purchases. Furthermore, the growing sophistication of fraud techniques, including synthetic identity fraud and account takeovers, exacerbates the challenge.

Account Takeovers 105

Account Takeovers Fraud Detection Phishing Fraud Prevention 105

EBizCharge

APRIL 22, 2025

This centralization enables a 360-degree view of each account, making it easier for teams to manage relationships, track payment history, and deliver personalized service. Most providers require that you set up a merchant account, which acts as a secure intermediary to transfer funds from customer payments to your business bank account.

Payment APIs and Integration 52

Payment APIs and Integration Payment Gateways Gateways Payments 52

PYMNTS

SEPTEMBER 24, 2020

Accounts payable (AP) teams are now taking a fresh look at the potential of tools such as virtual cards to ease their transaction frictions. The digital methods suit remote purchasing environments and offer security features that can make it difficult for fraudsters to use stolen card details.

B2B 107

B2B Payments Best Practices Digital Payments 107

Nanonets

APRIL 23, 2024

A Guide to NetSuite Account Reconciliation Accurate financial records are an important part of any business’ ability to make informed decisions and also adhere to legal regulations. What Is Account Reconciliation?  Real-time reporting enables proactive decision-making and ensures financial transparency.

Reconciliation 52

Reconciliation Accounts Multi-Currency Audit 52

Nanonets

FEBRUARY 1, 2024

In the rapidly evolving business landscape, the efficiency of Accounts Payable (AP) processes is no longer just a back-office concern but a strategic imperative. Accounts Payable (AP) automation is the use of technology to streamline and improve the process of managing a company's bills and payments owed to others.

Automation 64

Automation Accounts Process Multi-Currency 64

Finextra

JULY 7, 2025

Compliance is King: Navigating the Regulatory Minefield: Regulations like GDPR (General Data Protection Regulation), CCPA (California Consumer Privacy Act), HIPAA (Health Insurance Portability and Accountability Act), LGPD (Lei Geral de Proteção de Dados - Brazil) , and industry-specific mandates demand robust data privacy and security measures.

AI 59

AI Payment APIs and Integration Audit Governance 59

Nanonets

NOVEMBER 15, 2023

Switching to paperless  accounts payable  is intimidating. Based on the numbers, it is evident that a transition to a paperless accounts payable system is necessary. Could adopting a paperless accounts payable process be the solution? What are paperless accounts payable? The cherry on top?

Accounts 52

Accounts Payment APIs and Integration Audit Automation 52

The Payments Association

OCTOBER 11, 2024

The reforms aim to address weaknesses in safeguarding practices, reduce consumer fund risks, and enhance regulatory compliance, particularly in preventing fund shortfalls. Monthly reporting : Payment firms must submit monthly regulatory returns, allowing the FCA to monitor trends and intervene if safeguarding practices fall short.

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88