The Payments Association

FEBRUARY 10, 2025

Since vIBANs are often treated as extensions of master accounts rather than independent relationships, firms fail to apply appropriate risk assessment frameworks. Real-time monitoring tools must be implemented to detect suspicious patterns, while AI-driven risk assessments can help identify emerging threats in cross-border transactions.

IBAN 88

IBAN AML Master Account Due Diligence 88

EBizCharge

JUNE 20, 2024

This article will help set your business up for success by explaining AR, why it’s important, and best practices for optimizing your receivables. 13 accounts receivable best practices Adopting the best AR practices helps maintain consistent revenue, reducing the need for external financing and minimizing non-payment risk.

Best Practices 52

Best Practices Accounts Disputes Procedures 52

The Payments Association

DECEMBER 9, 2024

Firms must adopt transparent AI practices, enhance regulatory frameworks, and continuously train models to navigate the evolving landscape of AI-driven threats. Cohn believes regulation will impose stricter requirements for organisations to assess and mitigate the potential for algorithmic bias in AI-powered payment systems.

Privacy 88

Privacy Payment Security AI Security 88

EBizCharge

OCTOBER 25, 2023

By implementing the most reliable security software and best practices, organizations and individuals can mitigate the risk of data breaches and safeguard their valuable information from malicious actors. Assess each type of data and consider whether it is necessary. If not, then stop collecting it.

Data Breach 52

Data Breach Best Practices Breach Phishing 52

Nanonets

MAY 21, 2024

Seven Best Practices for Effective Account Reconciliations From Mesopotamia's rudimentary ledgers tracking livestock and crops to the second-century BCE Indian treatise " Arthashastra ", accounting has been a cornerstone of economic management in any civilized society.

Best Practices 52

Best Practices Reconciliation Accounts Payment APIs and Integration 52

VISTA InfoSec

MAY 15, 2025

This article explores key security controls within the SWIFT CSP compliance framework and outlines best practices for financial institutions to strengthen their SWIFT security posture. To align with SWIFT CSP requirements, you should consider the following best practices: 1. Cyber Incident Response Planning 7.2

SWIFT 100

SWIFT Security Best Practices PCI DSS 100

Fi911

FEBRUARY 26, 2025

Requirements : Completion of a Self-Assessment Questionnaire (SAQ) and quarterly external scans. These are grouped into six overarching control objectives, aligning with best practices in data security. Regularly Test Security Systems and Processes : Conduct routine penetration tests and vulnerability assessments.

PCI DSS 59

PCI DSS Compliance MFA Assessments 59

VISTA InfoSec

JANUARY 29, 2024

For systems that are typically not susceptible to malicious software, carry out regular assessments to detect and assess emerging malware threats. This is to ascertain whether these systems continue to not necessitate anti-virus software. This stipulation is considered a best practice until March 31, 2025.

PCI DSS 130

PCI DSS Phishing Best Practices Procedures 130

Stax

JANUARY 23, 2025

The merchant underwriting process is a critical step that payment processors and financial institutions use to assess the risk associated with onboarding new businesses. Key steps include application review, risk assessment, credit checks, and compliance verification. Learn More What is Merchant Account Underwriting?

Underwriting 68

Underwriting PCI DSS Money Laundering Processors 68

VISTA InfoSec

NOVEMBER 4, 2024

This comprehensive assessment identifies any discrepancies between your existing frameworks and the regulatory standards, enabling you to pinpoint areas that require enhancement. Continuous ICT system monitoring Continuous monitoring of ICT systems is a key requirement under Article 11 of DORA.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

This comprehensive assessment identifies any discrepancies between your existing frameworks and the regulatory standards, enabling you to pinpoint areas that require enhancement. Continuous ICT system monitoring Continuous monitoring of ICT systems is a key requirement under Article 11 of DORA.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

This comprehensive assessment identifies any discrepancies between your existing frameworks and the regulatory standards, enabling you to pinpoint areas that require enhancement. Continuous ICT system monitoring Continuous monitoring of ICT systems is a key requirement under Article 11 of DORA.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

This comprehensive assessment identifies any discrepancies between your existing frameworks and the regulatory standards, enabling you to pinpoint areas that require enhancement. Continuous ICT system monitoring Continuous monitoring of ICT systems is a key requirement under Article 11 of DORA.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

Core

FEBRUARY 6, 2024

An Overview of 7 Best Practices Adopting government fraud prevention best practices is instrumental in maintaining the resilience of public systems. However, ongoing evaluation of their practices, compliance standards, and cybersecurity measures are essential aspects of due diligence. According to the U.S.

Best Practices 52

Best Practices Governance Government Fraud Prevention 52

FloQast

NOVEMBER 20, 2023

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? In an internal audit risk assessment process internal auditors use to evaluate an organization’s potential risks and vulnerabilities.

Risk Assessment 52

Risk Assessment Audit Assessments Risk 52

VISTA InfoSec

NOVEMBER 12, 2024

Monitoring and logging : Continuous monitoring of all systems and logging of activities is required to detect suspicious behavior ( Requirement 10.1 ). SaaS providers must assess and monitor these vendors to ensure they meet PCI DSS requirements as well ( Requirement 12.8.4 ). updates check out our PCI DSS 4.0

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

VISTA InfoSec

NOVEMBER 12, 2024

Monitoring and logging : Continuous monitoring of all systems and logging of activities is required to detect suspicious behavior ( Requirement 10.1 ). SaaS providers must assess and monitor these vendors to ensure they meet PCI DSS requirements as well ( Requirement 12.8.4 ). updates check out our PCI DSS 4.0

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

Fintech News

AUGUST 6, 2024

The MAS assessment emphasized the regulator’s role in promoting a sound financial sector, focusing on insurer risk management and long-term policy protection. When assessing a change in substantial shareholder, criteria like track record, financial soundness, and fitness are considered. billion (EUR 1.5

Consumer Protection 109

Consumer Protection Consumer Best Practices Risk Management 109

FICO

JANUARY 6, 2022

Credit executives can now enable continuous learning and improvement that is technology-enabled, and which is no longer tied to the duration of the billing cycle, nor the seasoning of the portfolio. Learn more about thriving in the digital era by checking out my last post on best practices for a timeless digital customer experience.

Best Practices 52

Best Practices Origination Authentication Process 52

Fintech News

APRIL 7, 2024

Examples include verifying the user’s personally identifiable information (PII), assessing the age and reputation of the user’s email and phone number, verifying their location via IP address, and evaluating the trustworthiness of the device to assess the user risk level.

Deepfake 134

Deepfake Scams Fraud Detection Verification 134

Fintech Finance

MAY 22, 2025

It will also serve as a catalyst for expanding local cybersecurity talent and fostering a culture of continuous learning and improvement. Risk Assessments & Readiness: Enhancing preparedness through cyber defense exercises, scenario planning, and threat-casting workshops to anticipate and mitigate evolving risks.

Visa 88

Visa Cybersecurity Best Practices Risk Mitigation 88

VISTA InfoSec

FEBRUARY 13, 2024

This proactive stance enhances Singapore’s resilience against cyber threats and also serves as a model for global best practices in cybersecurity. By sharing threat intelligence and best practices, organizations can gain insights into emerging threats and learn from the experiences of others. 5/5 - (1 vote)

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

Segpay

JUNE 13, 2024

This shows that as businesses and customers continue to rely on online payment systems the risk of falling prey to cyber security threats increases too. In this post, we’ll discuss the best practices for businesses and customers to secure online payment against cyber attacks. The Travelex ransomware attack. million ransom.

Best Practices 40

Best Practices Processors Transactions Security 40

Open Banking Excellence

JANUARY 18, 2024

Given the breakneck pace of adoption, it’s critical that we’re able to track AI maturity across the banking sector, helping institutions to harness the power of emerging technologies with openness and transparency, and sharing best practices so that all banks can remain competitive in the AI age.

AI 130

AI Best Practices APACS Innovation 130

PYMNTS

OCTOBER 1, 2020

As the digital revolution continues to transform the way shoppers pay for things amid the COVID-19 pandemic, Mastercard announced a free online tool to help entrepreneurs future-proof their companies. The Digital Readiness Diagnostic was crafted to assess the digital strengths and weaknesses of a business.

Visa 104

Visa Small Business Best Practices Advisors 104

VISTA InfoSec

SEPTEMBER 5, 2024

Understanding the significance of cyber security is crucial for protecting sensitive data and ensuring business continuity. This article explores the most common cyber security threats targeting SMEs, practical measures to mitigate risks, and essential steps to take in the event of an attack.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

Understanding the significance of cyber security is crucial for protecting sensitive data and ensuring business continuity. This article explores the most common cyber security threats targeting SMEs, practical measures to mitigate risks, and essential steps to take in the event of an attack.

Security 130

Security Phishing Ransomware Risk Assessment 130

Stax

AUGUST 22, 2024

PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. Implementing an effective risk management framework can help you minimize the impact of potential threats, ensure business continuity, and recover quickly in the face of adversity.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 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. Refer to vendor recommendations/best practices.) Stay tuned for these updates as we continue to delve deeper into the intricacies of Cyber Security standards. New requirement: 4.2.1

PCI DSS 130

PCI DSS Encryption Procedures Best Practices 130

Fintech News

FEBRUARY 7, 2024

Developers are also encouraged to review their apps’ permissions and adhere to best practices to avoid potential blocks by Play Protect. Eugene Liderman “Together with CSA, we will be closely monitoring the results of the pilot program to assess its impact and make adjustments as needed.

Blocks 109

Blocks Scams Best Practices Adjustments 109

Fintech Review

FEBRUARY 13, 2024

This proactive stance involves continuous engagement with technological advances and collaboration with fintech firms to understand potential vulnerabilities. This development must be an ongoing process, as the fintech landscape is continuously evolving, and regulatory frameworks must evolve with it to maintain effective consumer protection.

Consumer Protection 105

Consumer Protection Innovation Consumer FinTech 105

The Payments Association

NOVEMBER 12, 2024

Ongoing Maintenance: Continuous updates and support require dedicated resources. The hidden costs of building in-house When estimating the time required to build an in-house financial crime solution, several best practices should be considered. First, assess the experience level of your development team. have 10-14 years.

Financial Crimes 88

Financial Crimes Crime Fraud Prevention Compliance 88

Clearly Payments

JANUARY 8, 2024

Identifying and Assessing Risks Understanding the lay of the land is the first step in effective risk management. Conducting a thorough risk assessment tailored to the specific nature of the business is essential. Staying informed about emerging fraud trends is equally important, as fraudsters continually refine their tactics.

Risk Management 97

Risk Management Risk PCI DSS Process 97

VISTA InfoSec

FEBRUARY 16, 2024

a: Verify that software-development processes align with industry standards/best practices. - The software should be developed based on industry standards and/or best practices for secure development. - Below, we provide an explanation of the changes made in Requirement 6 from v3.2.1 PCI DSS v3.2.1 PCI DSS v4.0

PCI DSS 100

PCI DSS Procedures Best Practices Verification 100

Fintech Review

JUNE 18, 2024

They continually collaborate to execute strategic trading maneuvers. Best Practices for Hedge Fund Operations Implement strong governance and oversight. Assess operational risk regularly. Fund managers rely on the operations team to provide actionable data and monitor positions to effectively gauge fund performance.

Reconciliation 98

Reconciliation Compliance Regulatory Compliance Best Practices 98

The Payments Association

MARCH 25, 2025

Key questions to consider include: Who assesses the impact and scope of the requirements? Having a knowledge directory of all payment network requirements, including a complete catalogue of resources such as best practices, guides, manuals, releases, and rules, makes it easy for everyone to access and find the information they need.

Compliance 88

Compliance Payment Networks Issuers Best Practices 88

The Payments Association

MAY 12, 2025

Increasingly, firms are demanding granular, lifecycle-based assessments that go beyond infrastructure or cloud impact alone. By leveraging a common framework, based on sector-specific guidance and lifecycle thinking, organisations can assess their digital emissions in a way that is repeatable, comparable, and actionable.

Assessments 88

Assessments ISOs Credential Product 88