VISTA InfoSec

NOVEMBER 4, 2024

Regular reviews and audits ensure your systems and processes stay aligned with regulatory changes. Best practices for implementing the DORA compliance 1. Prepare for compliance audits Document all compliance efforts meticulously, from gap analyses and risk assessments to remediation actions.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

MARCH 6, 2024

Changes Access Controls "Limit viewing of audit trails" to those with a need. Testing aligns with the slightly narrowed focus (read access) but retains the emphasis on practical verification. audit log security principles are mostly unchanged. This rule is considered best practice until March 31, 2025.) Requirement 10.4.2.1

PCI DSS 130

PCI DSS Procedures Best Practices Risk Assessment 130

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. Conduct data audits periodically to determine which data is essential. If not, then stop collecting it.

Data Breach 52

Data Breach Best Practices Breach Phishing 52

VISTA InfoSec

JANUARY 29, 2024

This stipulation is considered a best practice until March 31, 2025. Ensure that all anti-virus mechanisms are upheld as follows: -> They are kept up to date, -> They carry out regular scans -> They produce audit logs which are preserved as per PCI DSS Requirement 10.7. New Requirement in PCI DSS v4.0:

PCI DSS 130

PCI DSS Phishing Best Practices Procedures 130

The Payments Association

FEBRUARY 10, 2025

Natalie Lewis Partner, Travers Smith The guidance sets out the six principles to consider (top-level commitment, risk assessment, proportionate risk-based prevention procedures, due diligence, communication and training, monitoring and review), along with best practice examples.

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

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

Fi911

FEBRUARY 26, 2025

Requirements : Annual on-site audit by a Qualified Security Assessor (QSA), quarterly network scans. These are grouped into six overarching control objectives, aligning with best practices in data security. Understanding your compliance level is the first step to meeting the required security standards.

PCI DSS 54

PCI DSS Compliance MFA Assessments 54

VISTA InfoSec

MAY 2, 2024

Providers arm themselves with the latest security tech and best practices to shield your data from cyber threats. Regular audits and updates ensure your systems comply with industry regulations, offering you peace of mind and protecting your critical business information.

Cybersecurity 130

Cybersecurity Legal Compliance Service Provider 130

Stax

DECEMBER 4, 2023

Best practices for ensuring AML compliance as a PayFac include continuously updating your AML policies, utilizing advanced technologies for monitoring, periodic internal reviews and audits, and engaging with AML experts and consultants. But training can’t be a one-off practice.

Money Laundering 88

Money Laundering Compliance AML BSA 88

Fi911

MAY 7, 2024

Acquirers and processors within the Mastercard network routinely consult the TMF or MATCH List prior to onboarding a new merchant. Furthermore, the damage to the business’s reputation can be long-lasting and far-reaching, as its status as a high-risk entity could deter potential partnerships and opportunities.

PCI DSS 104

PCI DSS Processors Compromise Identity Theft 104

Stax

AUGUST 22, 2024

It can also help to teach them about best practices they can follow to prevent fraudulent transactions. Additionally, you need to conduct regular compliance training for your staff and internal audits. Follow these best practices for monitoring risks and dealing with them appropriately.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

The Payments Association

OCTOBER 11, 2024

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. What’s next? It’s going to be a big effort for them to ensure that they are complying.”

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

Segpay

DECEMBER 13, 2024

Organizations can ensure data privacy by implementing robust data privacy policies, conducting regular audits, and training employees on best practices for protecting data. How can organizations learn more about data privacy best practices? How can organizations ensure data privacy?

Privacy 105

Privacy Compliance CCPA Authentication 105

Stax

JANUARY 15, 2024

PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. In the following sections, we’ll delve into the legal framework, compliance standards, and best practices to navigate the complexities of surcharging. Security audits.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Neopay

DECEMBER 5, 2024

The Financial Conduct Authority (FCA) has issued important updates to its Financial Crime Guide, following a public consultation on proposed changes. Audit Support : Neopay provides independent audits of your financial crime systems, giving you peace of mind that your controls are robust and meet regulatory standards.

Financial Crimes 52

Financial Crimes Crime Money Laundering Risk Assessment 52

Fintech Finance

MARCH 14, 2024

His expertise will enhance Flutterwave’s commitment to the ecosystem’s best practices as the company moves ahead on its next growth journey. Presently, he chairs the Board Audit and Governance Committee of United Capital Plc. Presently, he chairs the Board Audit and Governance Committee of United Capital Plc.

Non-Bank 52

Non-Bank Audit Compliance Governance 52

The Fintech Times

MAY 15, 2024

. “To mitigate this, organisations should consult with data protection experts and keep abreast of regulatory changes and develop a more robust security strategy. This approach helps not only in avoiding legal pitfalls but also in maintaining consumer trust by upholding ethical AI practices and ensuring data integrity.

Cybersecurity 72

Cybersecurity Governance Government AI 72

The Finance Weekly

AUGUST 7, 2024

Its key features include data import, consolidation, and validation, budget creation and formulas, a native Excel interface, a generative AI chatbot called FP&A Genius ; automated dashboards and reports , and custom dashboards with detailed drill-down and audit trails. Simplified auditing with a log of historical modifications.

AI 130

AI Automation Finance Audit 130

Nanonets

SEPTEMBER 21, 2023

Regular audits and reconciliations can also help identify any discrepancies and fraudulent transactions. Utilizing compliance  software  and seeking professional advice from consultants can also help businesses navigate complex regulatory landscapes.

Accounts 52

Accounts Audit Payroll Compliance 52

FloQast

MARCH 21, 2024

Regulatory changes to legislation, auditing standards, and financial reporting requirements According to KMPG’s 2023 SOX Report , respondents spend an average of $1.6 Regulatory changes to legislation, auditing standards, and financial reporting requirements According to KMPG’s 2023 SOX Report , respondents spend an average of $1.6

Compliance 52

Compliance Audit Automation Risk Assessment 52

Stax

FEBRUARY 5, 2024

That’s why understanding surcharging—including its definitions, types, calculating methods, and best practices—can help you incorporate surcharging into your operations. By understanding industry norms, you align your surcharge practices with market expectations. How fair and equitable are your surcharging practices?

Credit Cards 88

Credit Cards Legal On-Demand Regulatory Compliance 88

Neopay

JULY 2, 2024

This event is particularly relevant to regulated firms and compliance consultants. We offer services such as compliance audits, workshops, and training, helping firms adapt to the evolving regulatory landscape with confidence. Registration is required to attend. For more details and to register, visit here.

Consumer 52

Consumer Compliance Regulatory Compliance Assessments 52

Global Fintech & Digital Assets

MARCH 5, 2024

The guidance continues the momentum of digital asset regulation in Hong Kong, following a raft of other rules and consultations recently published by Hong Kong regulators. Safeguarding of client digital assets : Banks should implement adequate systems and controls and adopt industry best practices (e.g.,

Authorization 59

Authorization Product Due Diligence Procedures 59

EBizCharge

JUNE 6, 2024

Now that you know how to get started with processing payments in Microsoft Dynamics 365, you should familiarize yourself with some best practices to ensure your system is running smoothly. Best practices for payment processing in Dynamics 365 Having the right best practices in place for payment processing is crucial.

Credit Cards 52

Credit Cards Process Payment Gateways Gateways 52

EBizCharge

JULY 16, 2024

Audit requirements Annual compliance audits are critical to adhering to NACHA guidelines for financial institutions and other network participants involved in electronic payments. NACHA has streamlined the audit process by consolidating the methodologies into a single section within NACHA regulations.

NACHA 52

NACHA Nacha Rules ACH Network ACH 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

Stax

MARCH 26, 2024

Service providers Service-oriented businesses, be they spas or consultancy agencies, find a valuable solution in online terminals. Best Practices for Using Online Terminals Optimizing the use of online terminals involves a blend of tech know-how, security compliance, and customer-focused practices.

PCI DSS 88

PCI DSS Encryption Payment Gateways Disputes 88

Stax

JULY 16, 2024

However, in 2004, these companies came together to set up best practices to ensure data security for rising digital payments globally. Apart from monitoring, your business must also track user activity and maintain audit logs. Three months of audit trails and logs should be easily accessible for immediate review.

PCI DSS 88

PCI DSS Compliance Credit Cards Encryption 88

EBizCharge

JULY 12, 2024

Enforcing explicit procedures for approval and reimbursement creates a standard for audits. Professional services: Fees for external services like consulting, legal advice, or marketing. Clear documentation rules support transparency and ease auditing, reinforcing the company’s commitment to financial accountability.

Compliance 52

Compliance Best Practices Procedures Process 52

Exact Payments

JANUARY 4, 2024

Remember that failing to meet these standards can result in significant consequences, such as fines, loss of business, and ongoing audits to demonstrate compliance. Maintaining a secure network demands anti-virus mechanisms that consistently remain active, use up-to-date signatures, and generate auditable logs.

PCI DSS 52

PCI DSS Compliance Audit Encryption 52

VISTA InfoSec

JULY 5, 2023

Patients can access online consultations with doctors. A PCI QSA audit can provide assurance that you’re on the right track. Requirement 11) Educate Employees on Security Best Practices: It’s essential to educate all employees who handle sensitive data on how to safeguard it.

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

The Fintech Times

DECEMBER 14, 2024

The Association will play a pivotal role in fostering collaboration among key stakeholders, advancing professional standards, and promoting best practices within the insurance industry.

Regulations 64

Regulations AI Finance Cross-Border 64

Nanonets

MAY 7, 2024

Through this guide, we will define what expense reconciliation is, explore its significance to companies, the formal methods of going about it, as well as the challenges and best practices involved. This may include regular review and validation of financial transactions, segregation of duties, approval workflows, and periodic audits.

Reconciliation 52

Reconciliation Best Practices Credit Cards Compliance 52

Neopay

JUNE 27, 2024

If you are partnering with a consultancy firm, make sure they provide workshops and training to help you ensure that you have a good understanding of the regulations that apply and, more importantly, how they apply to your specific business model and services.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

EBizCharge

MAY 14, 2024

Consulting both platform providers can be beneficial, as they may offer technical support or integration services to facilitate a hassle-free setup. Now that you know how to set up automated billing, you should familiarize yourself with some best practices for implementing it into your business. Communicate your billing terms.

Automation 52

Automation Payment APIs and Integration Best Practices Online and Mobile Banking 52

The Fintech Times

AUGUST 2, 2024

Ramyani Basu, global lead, AI and data at Kearney Ramyani Basu , global lead, AI and data at Kearney , the management consulting firm: “While some elements of the EU AI Act may seem premature or vague, significant strides have been made for open source and R&D. Now, they want to do the same with AI.

AI 59

AI Compliance Regulations Risk 59

Nanonets

FEBRUARY 14, 2024

Reduce Risk of Fraud and Achieve Audit-Readiness : The granularity provided by GL codes offers an invaluable layer of security for businesses. 💡 Consulting with an Accounting Professional : Even with the best plans, the complexities of financial accounting can sometimes be daunting.

Transactions 52

Transactions Audit Accounts Automation 52