Stax

FEBRUARY 19, 2025

Security & compliance Security is a top priority, especially when dealing with sensitive customer data. When selecting an ISV partner, businesses should verify: Data encryption standards to prevent breaches. Compliance with industry regulations , such as GDPR for data protection or PCI DSS for payment security.

ISVS 88

ISVS Payment APIs and Integration API Best Practices 88

EBizCharge

MARCH 11, 2025

These fees cover the cost of securely transmitting payment data, encrypting sensitive data, and authorizing transactions in real-time. Monitor and audit processing fees regularly: Regularly review your processing fees to ensure they remain competitive. Auditing can help identify any unexpected charges or rate increases.

Processing Costs 52

Processing Costs Process Credit Cards Payment Gateways 52

Basis Theory

OCTOBER 1, 2024

On the other hand, organizations with Levels 2, 3, or 4 use Self-Assessment Questionnaires (SAQs) to audit their compliance program. Scenario 2 : If you're processing less than 6 million transactions and aren't using a service provider, someone in your organization will need to address over 300 questions in your annual SAQ D.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

Stax

JULY 16, 2024

Encryption is a method that renders information useless to criminals when being transmitted. According to PCI DSS, any organization that transmits, stores, or processes cardholder data must use encryption or tokenization tools to protect data.

PCI DSS 88

PCI DSS Compliance Credit Cards Encryption 88

FloQast

MAY 13, 2024

From automated bookkeeping and bank reconciliations to AI-driven tax preparation and audit processes, these new technologies enhance efficiency and accuracy and give accountants more time to focus on higher-level, more strategic work. This technology offers an immutable ledger, reducing fraud risks and ensuring a clear audit trail.

Accounts 52

Accounts Technology Cybersecurity Audit 52

Nanonets

APRIL 23, 2024

Audit Trail : NetSuite's account reconciliation module maintains a detailed audit trail of all reconciliation activities, including user actions, transaction changes, and approval history. Address any issues or discrepancies identified during testing before proceeding with live reconciliation activities.

Reconciliation 52

Reconciliation Accounts Multi-Currency Audit 52

EBizCharge

OCTOBER 25, 2023

15 best practices to prevent data breaches Since data breaches can cause significant damage, businesses must be diligent and proactive to prevent, address, mitigate, and avoid these threats. Using this knowledge to create and update your procedures to address new threats is essential. If not, then stop collecting it.

Data Breach 52

Data Breach Best Practices Breach Phishing 52

Nanonets

JULY 21, 2023

In addition to accelerating the reconciliation process, reconciliation software also enables an audit trail, significantly improving transparency and accountability. Once approved, the reconciled data is securely stored in a centralized database, ensuring an auditable trail.

Reconciliation 52

Reconciliation Payment APIs and Integration Automation Online and Mobile Banking 52

Nanonets

NOVEMBER 15, 2023

Automate reporting and audit trails With paper-based systems, these tasks often require more time and effort. You'd have to sift through stacks of invoices, receipts, and other documents, manually entering and cross-referencing data to generate reports. Look for features that specifically address your needs.

Accounts 52

Accounts Payment APIs and Integration Audit Automation 52

EBizCharge

JUNE 4, 2024

Ensure the selected payment gateway complies with the Payment Card Industry Data Security Standards (PCI DSS) to protect your customers’ payment information. Regular audits and updates are crucial to maintaining a secure payment environment, as well as educating your team about the best practices for handling sensitive data.

Credit Cards 52

Credit Cards Process Payment Gateways Best Practices 52

Nanonets

JUNE 13, 2024

Best Reconciliation Software Tools Reconciliation software is a tool specifically designed to compare financial data from different sources such as invoices, bank statements, general ledgers, and other financial records. Maintaining an accurate audit trail is crucial for your company to avoid potential penalties which auditors may flag.

Reconciliation 52

Reconciliation Automation Accounts Close Processes 52

Nanonets

SEPTEMBER 21, 2023

Automated systems can enforce control measures, flag potential risks, and generate accurate and auditable records, reducing the likelihood of compliance issues and associated penalties. Another significant benefit of finance automation is the real-time visibility it provides into financial data.

Automation 52

Automation Finance Assessments Compliance 52

Segpay

JUNE 13, 2024

Compliance with Industry Standards Your business should comply with industry bare minimums like Payment Card Industry Data Security Standard (PCI DSS). PCI DSS compliance sets industry requirements that safeguard payment card data using encryption, firewalls, and regular security audits. Shop from secure websites.

Best Practices 40

Best Practices Processors Transactions Security 40

Segpay

MARCH 10, 2025

However, challenges such as technical compatibility, regulatory compliance, and security risks must be addressed to ensure a smooth, secure, and legally compliant integration. The Payment Card Industry Data Security Standard (PCI DSS) sets security guidelines to protect sensitive cardholder information and reduce the risk of fraud.

Payment Gateways 40

Payment Gateways Gateways Payment Solutions Payment APIs and Integration 40

VISTA InfoSec

APRIL 23, 2025

Each principle addresses a crucial aspect of data protection, making SOC 2 comprehensive and adaptable to SaaS environments: Security : Measures to protect against unauthorized access, such as firewalls, encryption, and intrusion detection. This helps in understanding what controls need to be added or improved.

Compliance 113

Compliance Audit Assessments ISOs 113

VISTA InfoSec

MAY 5, 2025

Implement security controls Deploy required cybersecurity measures like multi-factor authentication (MFA), data encryption, and segregation of duties. Address gaps and remediate Implement corrective actions for any identified non-compliance areas. Also make sure you have the right to audit in all your agreements.

SWIFT 130

SWIFT Security Compliance MFA 130

The Payments Association

FEBRUARY 17, 2025

Ten million people in the UK now use open banking, a milestone that underscores the growing opportunity within the data-sharing economy for financial institutions. Furthermore, decisions must be made on processing information between behind-the-scenes platform infrastructure and user interfaces, such as ledger updates and audit trails.

Finance 88

Finance Innovation Payment APIs and Integration Assessments 88