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The Hidden Costs of Payment Processing No One Talks About

Clearly Payments

How to Identify and Reduce Hidden Costs Audit Your Statements What to Look For: Carefully check each line item on your monthly statements. Regular audits and comparisons of providers help ensure youre not getting locked into a bad deal. Look for unfamiliar terms like PCI non-compliance fee, gateway fee, or batch fee.

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Planning an Internal Audit Risk Assessment

FloQast

Internal auditing ensures an organization’s financial integrity, compliance with regulations, and overall operational efficiency. 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?

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How is Artificial Intelligence Used in Auditing?

Nanonets

In the rapidly evolving world of auditing, innovative technologies have revolutionized traditional practices. Auditors are now increasingly embracing the agile auditing approach previously used in software development. This strategic allocation of resources optimizes auditing efforts, leading to more focused and effective audits.

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Where Are We Now? 2022 Data Science and AI Predictions Revisited

FICO

In these blogs, I review the industry trends and developments in technology set to impact businesses. Overall, I predicted that in 2022 Auditable AI and Humble AI will join Explainable AI and Ethical AI under the umbrella of Responsible Artificial Intelligence. Prediction: We’ll See More Use of Auditable AI Techniques.

AI 96
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Credit Card Merchant Services: What to Look for (and What Most Businesses Miss)

Stax

Pros: Simple on the surface Often pitched as a competitive rate to lure in small businesses Cons: Opaque and difficult to audit Hidden fees and arbitrary categorization Often more expensive over time Subscription Subscription pricing uses the interchange plus model, but instead of marking up each transaction, you pay a flat monthly fee.

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Challenges in Countering Trade-Based Money Laundering

FICO

In this second part, we will explore the challenges of countering TBML and explore some recent industry trends. Transformational Change and Industry Trends. A recent study conducted by BNY Mellon “ Global Payments 2020: Transformation and Convergence ” notes a number of evolving trends and challenges.

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Time’s Running Out: Secure Your 2023 CPE/CPD Credits with FloQademy

FloQast

The FinTech Flo , co-hosted by FloQast CEO Mike Whitmire and Drew Carrick, dives into trending news and media in the accounting and fintech world. There’s also “Audit Trails,” providing a fresh perspective on public accounting life through real stories from auditors. Not a FloQast user? Don’t sweat it.