VISTA InfoSec

MARCH 5, 2024

Visitor Emphasis Mentions visitors within a broader staff identification process Dedicates an entire sub-requirement (9.3.2) specifically to visitor access procedures. Terminology Focuses on areas "where cardholder data is processed or maintained". Broadened to observe and interview for CDE-wide visitor management procedures.

PCI DSS 147

PCI DSS Procedures Assessments Checks 147

VISTA InfoSec

MARCH 6, 2024

Testing Procedures Broad testing, looking at system settings, monitored files, etc. Testing aligns with the slightly narrowed focus (read access) but retains the emphasis on practical verification. Testing procedures align with updated access language. Similar emphasis on policies and procedures. No changes. No changes.

PCI DSS 130

PCI DSS Procedures Best Practices Risk Assessment 130

Clearly Payments

NOVEMBER 18, 2024

Mishandling chargebacks leads to financial losses, reputational harm, and can jeopardize your ability to process payments. This article outlines how to structure your chargeback management team, define roles, implement processes, select the right software, and adhere to best practices.

PCI DSS 59

PCI DSS Address Verification System (AVS) Disputes Card Network Rules 59

VISTA InfoSec

OCTOBER 21, 2024

The SOC 2 (Service Organization Control 2) audit and attestation process is something that has been devised by the American Institute of Certified Public Accountants (AICPA) in order to ensure that organizations which provide services have secure procedures to govern data so as not to compromise the welfare of their clients.

Audit 147

Audit Compliance Procedures Best Practices 147

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.) Also Read : PCI DSS Requirement 3 Requirement 4 pertains to PAN transmissions unless otherwise specified.

PCI DSS 130

PCI DSS Encryption Procedures Best Practices 130

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

Nanonets

APRIL 19, 2024

Petty Cash Reconciliation: What is It, Best Practices, and Automation Petty cash, also referred to as a small cash fund, is a fixed amount of money reserved for minor expenses in a business. However, without proper oversight and reconciliation procedures, petty cash can be susceptible to misuse, errors, or theft.

Best Practices 52

Best Practices Reconciliation Automation Procedures 52

FloQast

APRIL 7, 2024

The challenges of the close typically stem from a reliance on outdated manual processes, including the use of Excel spreadsheets to track and manage critical tasks, the late submission of reports from external providers, and a lack of visibility into the impact of delays on the overall close deadline.

Best Practices 52

Best Practices Reconciliation Close Processes Automation 52

Clearly Payments

JANUARY 8, 2024

In the rapidly advancing world of payments and eCommerce, merchants find themselves navigating a landscape of risk in payment processing. In this guide, we go into the topics of risk management in payment processing, equipping merchants with the knowledge and strategies needed to secure their transactions.

Risk Management 97

Risk Management Risk PCI DSS Process 97

Fi911

JANUARY 4, 2024

What do banks need to know about the chargeback legislation process? We will provide insight into how these regulations differ between card schemes, and help financial institutions to better understand the dispute process from all sides. This number is in relation to the total number of transactions processed.

Disputes 104

Disputes Laws Rules Governance 104

VISTA InfoSec

AUGUST 5, 2024

The SOC 2 (Service Organization Control 2) audit and attestation process is something that has been devised by the American Institute of Certified Public Accountants (AICPA) in order to ensure that organizations which provide services have secure procedures to govern data so as not to compromise the welfare of their clients.

Audit 130

Audit Compliance Procedures Best Practices 130

The Payments Association

FEBRUARY 10, 2025

AI can enhance transaction monitoring, while stronger KYC processes and staff training will help manage risks and maintain compliance. Strengthening KYC procedures is critical, ensuring that verification extends beyond master account holders to individual vIBAN end users.

IBAN 88

IBAN AML Master Account Due Diligence 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. Using this knowledge to create and update your procedures to address new threats is essential.

Data Breach 52

Data Breach Best Practices Breach Phishing 52

Nanonets

APRIL 5, 2023

While traditional automation systems focused on streamlining repetitive tasks, intelligent process automation (IPA) takes it a step further by leveraging the power of artificial intelligence (AI) and machine learning (ML) to automate complex business processes. What is intelligent process automation?

Automation 98

Automation Process AI Fraud Detection 98

VISTA InfoSec

JANUARY 29, 2024

Defined and understood processes and mechanisms are in place to safeguard all systems and networks from malicious software. 5.2 Anti-malware processes and mechanisms are active, regularly maintained, and monitored. 5.4 This stipulation is considered a best practice until March 31, 2025.

PCI DSS 130

PCI DSS Phishing Best Practices Procedures 130

VISTA InfoSec

FEBRUARY 28, 2024

Similarly, adds the need for a process to handle potential exceptions. Wording update, more focus on processes. Changes Core Focus Limiting database access to programmatic methods (apps, stored procedures) and database administrators. Requirement 8.6.1: (This requirement is a best practice until 31 March 2025.)

PCI DSS 130

PCI DSS Best Practices Authentication Rules 130

Stax

JANUARY 15, 2024

Are you struggling with resource constraints caused by soaring credit card processing costs? Learn how to achieve payment processing compliance when surcharging to improve your company’s financial stability and reputation. It offsets the card processing costs, transferring the financial obligation to the latter.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Stax

DECEMBER 20, 2023

Offering payment processing services is a move that makes sense for a lot of SaaS companies, particularly if your software helps your customers run their business. From there, your users must go through an application and underwriting process that determines their eligibility to accept payments. What Is Merchant Underwriting?

Underwriting 88

Underwriting Process Enrollments Payment APIs and Integration 88

VISTA InfoSec

FEBRUARY 16, 2024

a: Verify that software-development processes align with industry standards/best practices. - d: Interview developers to ensure these processes are implemented. The software should be developed based on industry standards and/or best practices for secure development. - PCI DSS v3.2.1 PCI DSS v4.0 PCI DSS v4.0

PCI DSS 100

PCI DSS Procedures Best Practices Verification 100

VISTA InfoSec

OCTOBER 21, 2024

Ensuring effective translation processes Focusing on making translation processes for security top-notch is crucial. Here are the six main steps in this process: Create an incident response team with multilingual capabilities : Make sure your team includes speakers of all the main languages your company uses.

Cybersecurity 147

Cybersecurity Compliance Encryption Best Practices 147

The Payments Association

DECEMBER 9, 2024

From fraud detection to customer support, AI-driven solutions are revolutionising how payments are processed and safeguarded. LLMs are sophisticated algorithms trained on vast amounts of text data, enabling them to generate human-like text, interpret complex queries, and process vast amounts of transactional data.

Privacy 88

Privacy Payment Security AI Security 88

The Finance Weekly

MARCH 1, 2022

Defining Maturity for FP&A Simply said, FP&A maturity means you're , free of manual processes and spreadsheets , allowing you to focus on decision-making. Reporting, planning, and forecasting are all manual processes that take a lot of time and effort to complete and are based on general ledger data.

Finance 130

Finance Procedures Best Practices Process 130

VISTA InfoSec

FEBRUARY 21, 2024

We aim to provide insights into processes and mechanisms for restricting access, defining and assigning access to system components and data, and managing this access via robust control systems. They could only be used by the applications themselves, not by individual users or other non-application processes. So, let’s get started!

PCI DSS 130

PCI DSS Database Best Practices Procedures 130

VISTA InfoSec

AUGUST 22, 2023

GDPR’s Crucial Role in Biometric Data Protection: The General Data Protection Regulation (GDPR), an EU framework safeguarding individual privacy and personal data rights, imposes rigorous regulations on organizations processing personal information. Use beyond the original purposes requires explicit consent or legal justification.

Privacy 130

Privacy Legal Compliance Best Practices 130

Stax

FEBRUARY 19, 2025

When adding payment features for software users, the importance of including customer support for payment processing is no different. This adds greater software value, as payments can be very complex for businesses unfamiliar with how payment processing works. Cost savings An obvious pro of outsourcing your support is cost savings.

Payments 88

Payments PCI DSS Compliance Risk 88

Fintech Finance

JUNE 13, 2024

This certification ensures that the best practices available in the market for protecting data privacy are being strictly followed. “Healthy, sustainable data management and in compliance with regulations also involves a commitment to correct processing and retention period.

ISOs 81

ISOs Privacy Best Practices Compliance 81

The Finance Weekly

MAY 20, 2024

Bank reconciliation is a process companies use to ensure that their recorded cash balances align with the actual cash held in their bank accounts. Nevertheless, banks still manage most business accounts, and the same reconciliation procedures can be applied to these other cash positions. What Is Bank Reconciliation?

Reconciliation 130

Reconciliation Adjustments Best Practices Wire Transfer 130

Nanonets

SEPTEMBER 23, 2023

The  requisition order  process is an integral aspect of these functions, allowing businesses to manage orders, track expenses, and maintain inventory records. 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.

Process 52

Process Best Practices Compliance Procedures 52

Nanonets

SEPTEMBER 25, 2024

For businesses processing thousands of bank statements daily—from insurance companies to financial institutions, bank statement processing presents a challenge and an even bigger opportunity for automation. In this article, we’ll explore applications of AI and automation for bank statement processing.

Process 52

Process AI Best Practices Reconciliation 52

Trade Credit & Liquidity Management

MAY 29, 2025

It is a dynamic process because governments often roll out mandates in phases, which creates predictable market growth and increases the need for enterprises to adapt quickly. Key Challenges in E-Invoicing No Universal Standard: Diverse tax laws and business practices prevent a single global e-invoicing standard.

ISO 20022 52

ISO 20022 ISOs Compliance Cross-Border 52

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. This process involves a thorough review of security policies, access controls, and other safeguards to ensure they meet the highest standards.

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

Fintech Review

JUNE 18, 2024

Back Office Duties in Fund Management In the fund management space, back office duties include trade processes, technology stacks, and staff that manage day-to-day administrative work. Best Practices for Hedge Fund Operations Implement strong governance and oversight. Avoid costly errors and regularly lapses.

Reconciliation 98

Reconciliation Compliance Regulatory Compliance Best Practices 98

Nanonets

OCTOBER 1, 2024

"Let's just ensure that going forward, all the invoices are forwarded to Mr. X for validation before processing." Studies show that 25% of invoice errors slip through accounts payable processes undetected despite internal correction efforts. Documents essential to the validation process: 1.

Best Practices 40

Best Practices Automation Multi-Currency Process 40

Fintech Finance

OCTOBER 7, 2024

.” This lack of clarity raises the likelihood of inconsistencies across jurisdictions and organisations, creating critical gaps in risk management practices. of respondents reported mitigating risks through standard supplier management processes, only 14.3% While 70.1%

Risk 101

Risk Regulatory Compliance Risk Management Mitigation 101

The Payments Association

DECEMBER 16, 2024

process inefficiencies). Operational Risks Operational risks stem from inefficiencies, errors, or unforeseen events in payment processes. Human Error : Manual payment processes may result in mistakes, such as sending incorrect amounts or choosing the wrong payment method, increasing exposure to currency fluctuations.

International Payments 88

International Payments Risk Payments Strategy Multi-Currency 88

PYMNTS

JANUARY 26, 2021

Clearly, things have changed a lot in terms of workplace rules and best practices since the early lockdown days last March, and the task of keeping up with it all — especially for large companies with multiple dispersed locations to manage — can be quite formidable. What we're doing is automating that entire process.

Posting 116

Posting Automation Best Practices Compliance 116

Nanonets

DECEMBER 25, 2023

In the intricate web of the healthcare ecosystem, claims processing stands as a critical juncture where the efficiency and accuracy of operations profoundly impact patient care, provider satisfaction, and overall system performance. Schedule a Demo What is the Process of Healthcare Claims Processing?

AI 59

AI Process Payer Fraud Detection 59