The Payments Association

DECEMBER 9, 2024

Cohn believes regulation will impose stricter requirements for organisations to assess and mitigate the potential for algorithmic bias in AI-powered payment systems. Without clear accountability mechanisms, assessing whether an AI systems actions align with privacy regulations or ethical standards becomes nearly impossible.

Privacy 88

Privacy Payment Security AI Security 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. Since it’s apparent how vital proper AR management is for financial stability, the following section provides best practices to help your company transform its receivables.

Best Practices 52

Best Practices Accounts Disputes Procedures 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

EBizCharge

OCTOBER 25, 2023

Now more than ever, businesses are focusing on preventing data breaches and implementing response protocols to mitigate breaches if they occur. 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.

Data Breach 52

Data Breach Best Practices Breach Phishing 52

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

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 54

PCI DSS Compliance MFA Assessments 54

Fintech Finance

MAY 22, 2025

Standards & Best Practices: Building trust in the digital ecosystem by setting measurable cybersecurity benchmarks and enabling institutions to track progress through clearly defined improvement targets. Mastercard has invested $10.7 Mastercard has invested $10.7

Visa 88

Visa Cybersecurity Best Practices Risk Mitigation 88

Seon

JUNE 24, 2024

Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity. How to Conduct a Thorough Identity Risk Assessment Each organization’s journey demands a meticulous understanding of its vulnerabilities and risks.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

VISTA InfoSec

AUGUST 22, 2023

Principle of data minimization: Only the minimum amount of biometric data necessary for the intended purpose should be collected and processed, requiring careful assessment and avoidance of excess. Voiceprint: Assessment of vocal attributes such as tone, pitch, and enunciation.

Privacy 130

Privacy Legal Compliance Best Practices 130

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.

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

VISTA InfoSec

SEPTEMBER 27, 2024

Now, here Data Protection Officers play an important part in ensuring your data handling practices align with regulatory requirements and best practices, thereby safeguarding your reputation and building trust with customers, partners, and stakeholders.

CCPA 130

CCPA Privacy Assessments Laws 130

FICO

MARCH 11, 2020

Here are 4 best practices to fight subscription fraud. Start with a First Party Fraud (FPF) exposure assessment undertaken by reviewing across products, services and channels, identifying ownership & size of the FPF problem by department. for loss mitigation, and identifying and quickly exiting FP fraudsters .

Best Practices 52

Best Practices Identity Theft Risk Rules 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

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

EBizCharge

MAY 22, 2025

Thankfully, this article will guide you through best practices for streamlining invoicing and billing processes to transform financial management and operations. To avoid this, businesses can use automated accounting software to accelerate the invoicing process, mitigate and prevent human error, and improve accuracy.

Process 52

Process Best Practices Reconciliation Automation 52

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. Develop an incident response plan An effective incident response plan is crucial for promptly managing and mitigating ICT disruptions.

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. Develop an incident response plan An effective incident response plan is crucial for promptly managing and mitigating ICT disruptions.

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. Develop an incident response plan An effective incident response plan is crucial for promptly managing and mitigating ICT disruptions.

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. Develop an incident response plan An effective incident response plan is crucial for promptly managing and mitigating ICT disruptions.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 12, 2024

SaaS providers must assess and monitor these vendors to ensure they meet PCI DSS requirements as well ( Requirement 12.8.4 ). They require an annual on-site assessment by a Qualified Security Assessor (QSA) and quarterly scans. Q2: How Often Should We Conduct PCI DSS Assessments? updates check out our PCI DSS 4.0

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

VISTA InfoSec

NOVEMBER 12, 2024

SaaS providers must assess and monitor these vendors to ensure they meet PCI DSS requirements as well ( Requirement 12.8.4 ). They require an annual on-site assessment by a Qualified Security Assessor (QSA) and quarterly scans. Q2: How Often Should We Conduct PCI DSS Assessments? updates check out our PCI DSS 4.0

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

Fintech News

APRIL 7, 2024

Their comprehensive discussion sheds light on the significance of advanced AI and fraud detection technologies, and the importance of collaborative efforts to mitigate these risks. Incorporating passive risk signals during onboarding offers another layer of assurance.

Deepfake 134

Deepfake Scams Fraud Detection Verification 134

Segpay

JUNE 13, 2024

SMBs also fall victim to cyber criminals, as many lack the resources and knowledge to set up threat mitigation strategies, leaving them vulnerable to attacks. 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

VISTA InfoSec

SEPTEMBER 5, 2024

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. Regular sessions should be scheduled to reinforce learning, ideally on a quarterly basis, to keep staff updated on the latest threats and best practices.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

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. Regular sessions should be scheduled to reinforce learning, ideally on a quarterly basis, to keep staff updated on the latest threats and best practices.

Security 130

Security Phishing Ransomware Risk Assessment 130

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. Conducting a thorough risk assessment tailored to the specific nature of the business is essential.

Risk Management 97

Risk Management Risk PCI DSS Process 97

VISTA InfoSec

SEPTEMBER 25, 2024

Hence, its essential to assess the following factors when deciding: Customization: The platform should allow for tailored solutions that meet the unique needs of your business. To mitigate these risks, it’s essential to implement strong cybersecurity measures during the transition to CCaaS.

Cybersecurity 130

Cybersecurity CRM Disaster Recovery Encryption 130

VISTA InfoSec

OCTOBER 21, 2024

Hence, it’s essential to assess the following factors when deciding: Customization: The platform should allow for tailored solutions that meet the unique needs of your business. To mitigate these risks, it’s essential to implement strong cybersecurity measures during the transition to CCaaS.

Cybersecurity 130

Cybersecurity CRM Disaster Recovery Encryption 130

Stax

AUGUST 22, 2024

PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. PayFacs also handle risk assessment, underwriting, settling of funds, compliance, and chargebacks. Think of them as service providers that rent their master merchant accounts to their clients.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Cardfellow

APRIL 27, 2025

You may recognize the Self-Assessment Questionnaire (SAQ) that businesses using the Defined Approach will submit. Called Compensating Controls, this option allows a business with a legitimate and documented technical or business constraint that prevents them from meeting a requirement to implement other controls that mitigate the risk.

PCI DSS 52

PCI DSS Encryption Processors Credit Cards 52

Fintech Review

FEBRUARY 13, 2024

Consumer protection in the digital age isn’t just about enforcing rules; it’s about understanding the evolving risks and being proactive in mitigating them. Regulators play a key role in assessing and mitigating the systemic risks posed by fintech innovations.

Consumer Protection 105

Consumer Protection Innovation Consumer FinTech 105

PYMNTS

MARCH 20, 2020

But lenders themselves, even industry incumbents, are also quickly recognizing the potential that unlocking data has not only on improving the SMB borrowing experience, but on significantly improving their own internal operations, particularly when it comes to risk mitigation. ” The U.S.’s ’s Open Banking Path.

Risk Mitigation 93

Risk Mitigation Mitigation Payment APIs and Integration Risk 93

VISTA InfoSec

FEBRUARY 16, 2024

It mandates the use of vendor-supplied security patches and secure coding practices for in-house developed applications. These measures help mitigate vulnerabilities that hackers could exploit. a: Verify that software-development processes align with industry standards/best practices. - PCI DSS v3.2.1 PCI DSS v4.0

PCI DSS 100

PCI DSS Procedures Best Practices Checks 100

Fintech News

JUNE 6, 2024

This underscores the need for more robust, multi-layered identity verification solutions that can effectively mitigate the risks of these evolving fraud tactics,” said Frederic. A notable example is the recent US$25 million scam in Hong Kong, where scammers used deepfake technology to impersonate company executives in a video call.

Scams 109

Scams Phishing Deepfake Verification 109

The Finance Weekly

DECEMBER 30, 2021

To prevent harm to your network and mitigate risk, consider requiring multi factor authentication to access company data, encrypting email, securing email attachments, and implementing other best practices. Malware attacks, especially ransomware attacks, are on the rise.

Technology 130

Technology MSPS Small Business Data Security 130

Faster Payments Council

SEPTEMBER 12, 2022

Join this session to learn more about exchange framework assessments and pilot programs backed by the Business Payments Coalition (BPC), Federal Reserve and industry. RTP) looks like right now, best practices in implementation, and lessons from the market.

FPC 88

FPC Federal Reserve Cross-Border Payments Faster Payments 88

Stax

JANUARY 8, 2024

Common risk management strategies for PayFacs include proper merchant vetting and onboarding, transaction monitoring and fraud prevention, chargeback mitigation, KYC/AML compliance, and data breach prevention. You should also have contingency plans or initiatives in place to mitigate the impact of a risk.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88