The Payments Association

JULY 18, 2025

Willem Wellinghoff Chief compliance officer and UK chair, Ecommpay “The incoming FCA CASS/Safeguarding rules will require significant preparation from payment firms, with stricter audit obligations and a tighter compliance framework. Develop or update internal controls and prevention procedures in line with FCA/Home Office guidance.

Regulations 88

Regulations Payment APIs and Integration Payments Legal 88

The Paypers

JUNE 12, 2025

At the same time, SEON will serve as a unified solution for teams managing both fraud and AML compliance, helping them detect risks proactively, resolve cases faster, and keep records audit-ready.

Money Laundering 41

Money Laundering AI AML Financial Crimes 41

Trade Credit & Liquidity Management

MAY 29, 2025

Please help us grow the T rade Credit & Liquidity Management community by sharing this Article. This collaboration helps avoid discrepancies and audit risks. However, companies will need to update their systems and processes, including ERP and treasury management tools, that effectively handle these new structured data formats.

ISO 20022 52

ISO 20022 ISOs Compliance Cross-Border 52

Finextra

JULY 7, 2025

This article delves into the multifaceted reasons behind this phenomenon, exploring why organizations are choosing to keep their AI contained within the familiar confines of their data silos. This includes implementing robust access controls, multi-factor authentication, and regular security audits.

AI 59

AI Payment APIs and Integration Audit Government 59

Fintech Weekly

JUNE 10, 2025

Based on DevCom’s audit projects, we've seen companies incur avoidable costs due to inadequate review procedures. We don’t just audit and walk away—we help teams implement changes, improve skills, and evolve their review processes over time. Make review a standard, not a special case.

Blockchain 78

Blockchain FinTech Payment APIs and Integration Web 3.0 78

VISTA InfoSec

JUNE 26, 2024

This article highlights the need for robust cybersecurity strategies and how these can determine investment decisions. For instance, you can look at the company’s history of data breaches and their responses, the robustness of the cybersecurity infrastructure, and the presence of comprehensive security policies and procedures.

Cybersecurity 260

Cybersecurity Due Diligence Security Breach 260

Nanonets

JUNE 19, 2023

Accounts payable audits play a crucial role in the financial health of businesses. This article covers why accounts payable audits are important to maintain financial health and the steps in an AP audit process. We will also cover how automation helps to streamline the AP audit procedure.

Audit 52

Audit Accounts Procedures Compliance 52

Nanonets

MAY 8, 2023

If not, it may be time to rework your current accounting policies to implement audit trails. Despite what many business owners believe, audit trails aren’t reserved only for companies that receive an audit. Audit trails can prevent fraud, aid in disaster recovery, and ensure compliance with regulatory agencies.

Audit 52

Audit Disaster Recovery Procedures Reconciliation 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

VISTA InfoSec

NOVEMBER 12, 2024

Todays article is focused on PCI DSS compliance for SaaS (Software as a Service) companies. This includes preparing for potential threats, training staff on response procedures, and regularly testing the response plan ( Requirements 12.10.1 and 10.2 ). Worried about how to choose and work with a qualified QSA? check out this video.

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

VISTA InfoSec

NOVEMBER 12, 2024

Todays article is focused on PCI DSS compliance for SaaS (Software as a Service) companies. This includes preparing for potential threats, training staff on response procedures, and regularly testing the response plan ( Requirements 12.10.1 and 10.2 ). Worried about how to choose and work with a qualified QSA? check out this video.

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

VISTA InfoSec

FEBRUARY 13, 2024

The aim of this article is to lay out key cybersecurity tips that are instrumental in safeguarding both the public and private sectors in Singapore from digital threats. Audits play a complementary role by ensuring that existing security measures align with both internal policies and external regulatory requirements.

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

PYMNTS

OCTOBER 21, 2019

21), following news of an independent audit by KPMG. Wirecard said the auditing company will have “unrestricted access to all information on all levels of the group.” The audit follows a report in the Financial Times that accused the company of accounting irregularities. Woller rated the stock a “buy.”.

Audit 40

Audit Laws Procedures Accounts 40

The Finance Weekly

OCTOBER 31, 2021

Many of the same financial issues that profit-seeking enterprises face, such as increasing revenue, managing audits, and dealing with compliance, encounter non-profit organizations (NPOs). This means you'll face unique challenges, which we'll discuss in this article. You’ll also be able to separate balances by grant, fund, or donor.

Audit 130

Audit Accounts Finance Compliance 130

Nanonets

MAY 22, 2023

In this article, we will walk through the necessary steps to set up effective financial controls at a startup and how automation and technology can help. 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.

Automation 98

Automation Procedures Audit Process 98

Stax

JANUARY 8, 2024

This article will help your business’s stakeholders understand the various risk factors to watch out for as well as the different types of risk management strategies to employ. The potential impact of failed or inadequate internal systems, processes, procedures, etc. This requires sound underwriting policies and procedures.

Risk Management 88

Risk Management Risk Money Laundering Procedures 88

Stax

DECEMBER 4, 2023

In this article, we’ll discuss everything you need to know about ensuring AML compliance as a payment facilitator (or PayFac). TL;DR An anti-money laundering (AML) program is a set of laws and procedures that seek to uncover attempts to disguise illicit money as legitimate. Let’s get started. But training can’t be a one-off practice.

Money Laundering 88

Money Laundering Compliance AML Due Diligence 88

VISTA InfoSec

FEBRUARY 28, 2024

In our ongoing series of articles on the Payment Card Industry Data Security Standard (PCI DSS), we’ve been examining each requirement in detail. Specific Requirement - New: Rules for limited shared account use (duration, documentation, approval, auditability). Significant shift in approach. New framework for unavoidable exceptions.

PCI DSS 130

PCI DSS Best Practices Authentication Rules 130

The Payments Association

DECEMBER 16, 2024

This article explores FX risks in international payments and outlines strategies to minimise them, ensuring efficient and cost-effective operations. Internal Controls and Audits Strong internal controls are essential for efficient and compliant FX processes. exchange rate volatility) and internal issues (e.g., process inefficiencies).

International Payments 88

International Payments Risk Payments Strategy Multi-Currency 88

FICO

AUGUST 6, 2018

Recent news articles out of Ohio ( $4 beer dings Butler County Visitors Bureau in state audit ) highlights the reputational risks that can impact an organization when it fails to monitor spending for non-compliance or expenses abuse. The audit uncovered a single $4 Beer which was part of a payment for $11,554.

Audit 45

Audit Procedures Origination Payer 45

The Payments Association

OCTOBER 11, 2024

What is this article about? Firms must prepare for these changes by improving their internal processes, conducting audits, and adapting to new compliance requirements to ensure seamless implementation of the FCA’s reforms. Why is it important? What’s next?

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

FloQast

MARCH 25, 2024

This approach helps improve the accuracy and compliance of financial reports and enhances audit readiness because now there is a clear and auditable trail of activities. Financial and Operational Impact It can’t go without saying that using an “old school” way of closing the books has a financial and operational impact.

Close Processes 105

Close Processes Compliance Automation Risk 105

VISTA InfoSec

JULY 5, 2023

This widely accepted set of policies and procedures is designed to enhance the security of credit, debit, and cash card transactions, while also protecting cardholders from the misuse of their personal information. We have published a comprehensive article on the topic.

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

CB Insights

NOVEMBER 2, 2017

Regtech software is digitizing compliance procedures and eliminating the backlog. The next wave of regtech will leverage advanced technology like machine learning, natural language processing (NLP), and blockchain to replace old policies and procedures. The volume of regulation has created more surface area for compliance gaps.

Compliance 72

Compliance Regulations Audit Office of the Comptroller of the Currency 72

Clearly Payments

JANUARY 8, 2024

Read this article on what is a good chargeback rate. Employee Training on Chargeback Procedures Train employees involved in customer service and order fulfillment on chargeback procedures. Chargebacks are generally the biggest concern that most merchants have.

Risk Management 97

Risk Management Risk PCI DSS Process 97

EBizCharge

OCTOBER 12, 2023

This article explains the difference between ledger balance and available balance and answers questions like what’s a ledger balance and what do ledger balances consist of? Compliance with auditing procedures An accurate and up-to-date ledger amount, along with credits and debits, is required for compliant bookkeeping and accounting.

Available Balance 52

Available Balance Audit Procedures Accounts 52

FloQast

OCTOBER 27, 2023

Write clear internal policies and procedures : Staff at all levels must understand the rules. For this reason, policies and procedures should be simple, clear, and concise. Provide training to all accounting staff : Train all Accounting Staff on the company’s compliance policies and procedures.

Compliance 52

Compliance Best Practices Mitigation Procedures 52

The Payments Association

MAY 16, 2025

Merchant-facing regulation: What merchants need to know in 2025 15 May 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? Next steps/action required: Commission a digital accessibility audit of all consumer-facing platforms and payment interfaces. Why is it important?

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

FloQast

APRIL 8, 2024

In this article, we define what a SOX material weakness is and provide actionable strategies and best practices to avoid it. This can impact the company’s stock price and ability to secure financing and increase external audit costs. Regular internal audits. Collaboration with audit firms and external auditors.

Compliance 52

Compliance Audit Best Practices Risk Assessment 52

Nanonets

MAY 6, 2024

This article explores how leveraging a dedicated reconciliation software, BlackLine , not only minimises errors and enhances productivity by streamlining workflows and empowering finance professionals to focus on strategic initiatives.

Reconciliation 52

Reconciliation Accounts Audit Automation 52

FICO

OCTOBER 26, 2017

This article is from Michael Blicker , a senior consultant in FICO's compliance solutions group. This process has to be audit-proof. The intergovernmental agreements (IGAs) for FATCA consider a FATCA compliance check through the IRS – the audit trail is important to avoid getting the recalcitrant status.

Compliance 53

Compliance IRS Agreements Audit 53

Fi911

NOVEMBER 7, 2023

Why is it non-negotiable for financial institutions across the globe, and how can you ensure that your institution is compliant with all AML procedures? This framework encompasses a series of regulations, policies, and procedures. As the name implies, the primary focus is on stopping money laundering.

AML 52

AML Compliance Money Laundering OFAC 52

Nanonets

MAY 10, 2023

This article will show how workflow management solutions can automate routine procedures, minimize repetitive jobs and operator mistakes, detect bottlenecks, and simplify communication across all departments. Workflows are used to define the procedure that is required before the task is considered complete.

Automation 98

Automation Rules Procedures Process 98

Nanonets

APRIL 3, 2024

In this article, we will discuss the importance of the vendor reconciliation process and the benefits of employing AI-enhanced tools such as Nanonets. The vendor reconciliation process is the systematic procedure of verifying and aligning the financial records of a company with those of its vendors.

Reconciliation 52

Reconciliation Process Accounts Duplicate 52

Nanonets

MAY 21, 2024

    In this article, we shall explore the fundamentals of accounts reconciliation , discussing its importance, processes , and best practices.   Proper documentation provides a clear audit trail and facilitates transparency and accountability.

Best Practices 52

Best Practices Reconciliation Accounts Payment APIs and Integration 52

Nanonets

SEPTEMBER 21, 2023

In this article, we will explore common  accounting problems  faced by businesses and provide  solutions  to overcome them. Regular audits and reconciliations can also help identify any discrepancies and fraudulent transactions. Resolving these problems is crucial to ensure a smooth and efficient operation.

Accounts 52

Accounts Audit Payroll Compliance 52

Segpay

DECEMBER 13, 2024

Organizations must establish procedures for secure and compliant data deletion without compromising system integrity. This article was written by @SandeCopywriter on behalf of Segpay Feel free to contact Segpay if you have any further questions via sales@segpay.com * Questions & Answers Why is data privacy important?

Privacy 105

Privacy Compliance CCPA Authentication 105