VISTA InfoSec

OCTOBER 21, 2024

Navigate legal and regulatory frameworks Dealing with laws and rules about cybersecurity in different countries is a must. Each of these sets its own rules on handling personal information safely and legally. Train employees regularly on these policies and procedures Make training available in all relevant languages.

Cybersecurity 147

Cybersecurity Compliance Encryption Best Practices 147

VISTA InfoSec

AUGUST 22, 2023

Use beyond the original purposes requires explicit consent or legal justification. Limitation of storage: The retention of biometric data must be in line with specific purposes, requiring defined retention periods and the deletion/anonymization of data after the fulfillment of the purpose or compliance with legal requirements.

Privacy 130

Privacy Legal Best Practices Compliance 130

The Payments Association

FEBRUARY 10, 2025

Strengthening KYC procedures is critical, ensuring that verification extends beyond master account holders to individual vIBAN end users. Heres how PSPs can strengthen their approach: 1) Robust KYC processes PSPs should extend their KYC procedures beyond master account holders to include vIBAN end users.

IBAN 88

IBAN AML Master Account Due Diligence 88

The Finance Weekly

MARCH 1, 2022

The lack of formal FP&A structure, processes, and procedures characterizes the lagging stage, which is common among newly founded startups. Annual budgeting is a bottom-up process that includes business units as well as legal entities. Because data is highly fragmented, reporting is typically unstructured and inconsistent.

Finance 130

Finance Procedures Best Practices Process 130

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. Automated tools can help address this issue by sending prompt statements to streamline invoicing procedures and enhance transaction management.

Process 52

Process Best Practices Reconciliation Automation 52

Trade Credit & Liquidity Management

MAY 29, 2025

Key Challenges in E-Invoicing No Universal Standard: Diverse tax laws and business practices prevent a single global e-invoicing standard. However, the industry is moving toward best practices and standardized data formats such as ISO-20022 to ease cross-border invoicing.

ISO 20022 52

ISO 20022 ISOs Compliance Cross-Border 52

Fi911

JANUARY 4, 2024

Well, from a legal standpoint, there’s actually quite a lot. Certain regulations known as “chargeback rules” are, in fact, based on legal statutes. While they are not legal mandates, they are enforced with the same rigor. What do banks need to know about the chargeback legislation process?

Disputes 105

Disputes Laws Rules Government 105

Stax

JANUARY 15, 2024

Failure to comply with its policy frameworks can have severe consequences— legally and financially. PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. Swipe fees have doubled in a decade and increased by 20% since 2022.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

The Payments Association

DECEMBER 16, 2024

Non-compliance with new rules, such as anti-money laundering (AML) or tax regulations, may lead to fines, legal issues, and reputational harm. Best Practices for Managing FX Risks Diversification Strategies Diversifying your currency portfolio is an effective risk mitigation approach.

International Payments 88

International Payments Risk Payments Strategy Multi-Currency 88

Stax

DECEMBER 4, 2023

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. An anti-money laundering (AML) program is a set of laws and procedures that seek to uncover attempts to disguise illicit money as legitimate. But training can’t be a one-off practice.

Money Laundering 88

Money Laundering Compliance AML Due Diligence 88

Stax

FEBRUARY 19, 2025

If an outsourced provider fails to meet these compliance standards, your business could be exposed to serious legal and financial risks, including fines and reputational damage. Request documentation on their security policies, fraud prevention measures, and incident response procedures to minimize risks.

Payments 88

Payments PCI DSS Compliance Risk 88

Clearly Payments

JANUARY 4, 2024

This guide aims to provide merchants with an overview of cryptocurrency payments, highlighting the advantages, challenges, and best practices for integrating crypto payment methods into their business operations. Merchants must be aware of and comply with relevant regulations to ensure legal and secure transactions.

Cryptocurrency 105

Cryptocurrency Stablecoins Digital Currency Cross-Border Payments 105

Segpay

DECEMBER 13, 2024

Organizations must establish procedures for secure and compliant data deletion without compromising system integrity. Companies often need to invest in security infrastructure, legal expertise, and employee training to meet these standards. How can organizations learn more about data privacy best practices?

Privacy 105

Privacy Compliance CCPA Authentication 105

Stax

JANUARY 8, 2024

To establish an effective risk management program as a PayFac, you must establish a dedicated risk management team, utilize the right tools and technology, develop proper risk management policies and procedures, conduct regular risk audits, and stay up-to-date with the latest industry regulations.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

Clearly Payments

JANUARY 8, 2024

Chargeback Management Best Practices Chargebacks pose a significant challenge for merchants, impacting both financial stability and reputation. Implementing effective chargeback management practices is essential to minimize their occurrence and address disputes promptly. Read this article on what is a good chargeback rate.

Risk Management 97

Risk Management Risk PCI DSS Process 97

The Fintech Times

MAY 30, 2024

It also faced legal proceedings in the United States, including the arrest of the company’s CEO, Changpeng Zhao. Compliance acts as a ‘stamp of legitimacy’, assuring customers, investors, and partners that the company operates within the borders of legal requirements.

Compliance 64

Compliance Security Legal Blockchain 64

Neopay

AUGUST 5, 2024

Effective safeguarding training covers the policies, procedures, and regulations that must be adhered to in order to minimise risks and maintain compliance with regulatory standards. Safeguarding procedures and training should be regularly reviewed and updated to reflect current risks and regulatory changes.

Compliance 52

Compliance Procedures Audit Risk Management 52

Stax

AUGUST 22, 2024

It can also help to teach them about best practices they can follow to prevent fraudulent transactions. Regulatory compliance failure can have a negative impact on reputation, large fines, and even legal action. Payfacs need to have regular AML screenings and strictly implement KYC procedures.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Segpay

MARCH 4, 2025

These five critical policies include a Content Management Policy & Procedures , a Consumer Age Verification Policy , a Complaint and Content Removal Policy & Procedures , a Third-Party Agreement , and a Chargeback and Fraud Mitigation Policy. The post Learning to Love Compliance appeared first on Segpay.

Compliance 40

Compliance Procedures Verification Best Practices 40

VISTA InfoSec

NOVEMBER 12, 2024

If you are questioning whether PCI DSS is really mandatory after all its not a direct legal requirement, then yes, it is! This includes preparing for potential threats, training staff on response procedures, and regularly testing the response plan ( Requirements 12.10.1 and 10.2 ).

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

VISTA InfoSec

NOVEMBER 12, 2024

If you are questioning whether PCI DSS is really mandatory after all its not a direct legal requirement, then yes, it is! This includes preparing for potential threats, training staff on response procedures, and regularly testing the response plan ( Requirements 12.10.1 and 10.2 ).

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

Finextra

JULY 7, 2025

Rather, its a complex tapestry woven with threads of business strategy, legal compliance, technical limitations, and ingrained organizational culture. This includes not only protecting against malicious actors but also accidental disclosures, which can have significant legal and reputational consequences.

AI 59

AI Payment APIs and Integration Audit Governance 59

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. These may align with industry best practices or other regulatory frameworks.

AML 52

AML Compliance Money Laundering OFAC 52

EBizCharge

APRIL 26, 2024

AR management also helps minimize the risk of bad debt by implementing timely invoicing and diligent follow-up procedures, safeguarding profitability and financial stability. By implementing these best practices, you can ensure smoother operations and better financial outcomes for your business.

Accounts 52

Accounts Best Practices Disputes Procedures 52

Nanonets

SEPTEMBER 23, 2023

In this guide, we will explore the  requisition process  and its role in accounting, as well as discuss best practices for managing and optimizing the process. The request is then approved or rejected based on the organization's policies and procedures. What is a Requisition Order?

Process 52

Process Best Practices Compliance Procedures 52

FloQast

APRIL 8, 2024

Addressing material weaknesses is not just a legal requirement but a cornerstone of corporate governance and ensuring investor confidence, no matter the company size. In this article, we define what a SOX material weakness is and provide actionable strategies and best practices to avoid it. What Is a Material Weakness?

Compliance 52

Compliance Audit Best Practices Risk Assessment 52

The Fintech Times

FEBRUARY 14, 2024

It will also build upon its financial inclusion work by helping banks and lenders improve the processes and procedures they have in place to support businesses and entrepreneurs with specific or unique needs.

Consulting 64

Consulting Financial Inclusion Best Practices Finance 64

Segpay

MAY 1, 2024

DORA entered into force on January 16th, 2023, and its legal implementation deadline is January 17 th , 2025. Its legal framework is designed to enhance the operational resilience of all digital service providers, including payment service providers (PSPs), that operate in the European Union (EU).

Cybersecurity 52

Cybersecurity Compliance Procedures Risk Management 52

EBizCharge

APRIL 26, 2024

Dispute and deduction management consists of policies and procedures designed to quickly identify, investigate, and resolve valid or invalid deductions that customers may take when making a payment. Regardless of the reason, businesses should familiarize themselves with best practices to mitigate these invoices and avoid significant problems.

Disputes 52

Disputes Best Practices Procedures SWIFT 52

Nanonets

SEPTEMBER 25, 2024

We'll also guide you through setting up an efficient bank statement processing system and share best practices to transform this data flood into a strategic asset. 💡 Best practices:  1.   💡 Best practices:  1. 💡 Best practices:  1.

Process 52

Process AI Best Practices Reconciliation 52

PYMNTS

JUNE 5, 2020

Many FinTechs offering financial services are legally required to implement AML measures and perform know your customer (KYC) checks, according to Financial Crimes Enforcement Network (FinCEN) regulations. We need to manage risk appropriately, but open banking is a good thing,” Davies said. Why AML Checks Are Never Over.

Money Laundering 69

Money Laundering Security Payment APIs and Integration FinTech 69

The Payments Association

OCTOBER 11, 2024

The proposals will impact authorised payment institutions, e-money institutions, and other relevant firms, with a broader interest for consumers, insolvency practitioners, and legal professionals. ” Firms must also regularly monitor the market for any changes that might affect the liquidity or security of these assets.

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

EBizCharge

JULY 12, 2024

This policy outlines acceptable expenses, the procedures for submitting expenses for reimbursement, and the roles and responsibilities of staff and management in the expense reporting process. Enforcing explicit procedures for approval and reimbursement creates a standard for audits. What is an expense policy?

Best Practices 52

Best Practices Compliance Procedures Process 52

Core

MARCH 19, 2024

Misappropriated tax dollars significantly erode public trust and confidence in government institutions, leading to skepticism, disengagement from civic processes, and even legal consequences. Still, payment fraud is a concern in every sector, and the stakes for government organizations are especially high.

Fraud Detection 52

Fraud Detection Government Governance Compliance 52

Global Fintech & Digital Assets

OCTOBER 31, 2023

Issuing a digital asset does not in itself require licensure, unless such asset is redeemable for legal tender, bank credit, or another digital asset. Also exempt are activities related to in-game tokens that cannot be exchanged for legal tender outside of the relevant game, cryptocurrency mining, and rewards points.

Laws 52

Laws Stablecoins Issuers Legal 52

Segpay

OCTOBER 4, 2023

Affiliate marketing is often considered high-risk from a compliance perspective due to several factors that can increase the likelihood of regulatory and legal issues. These affiliates operate independently, and the merchant may have limited control over their marketing practices. Non-compliance can result in fines and legal action.

Security 52

Security Due Diligence Compliance Payments 52

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. By reconciling expenses, businesses can ensure that they comply with these regulations and avoid potential penalties or legal issues.

Reconciliation 52

Reconciliation Best Practices Credit Cards Compliance 52