Neopay

JANUARY 30, 2025

Best practices for strengthening controls To enhance the fight against money mule activity, firms should: Increase NFD reporting Firms must take a more consistent approach to reporting money mules, ensuring that all cases meeting the standard of proof are submitted.

Financial Crimes 59

Financial Crimes Fraud Detection Crime Best Practices 59

Fintech Weekly

JUNE 8, 2025

As with all cybersecurity concerns, it’s an ongoing process that requires regular review to ensure your protections are up to date regarding emerging threats and changing best practices. The Gramm-Leach-Bliley Act requires regular testing and monitoring of financial companies’ cybersecurity systems.

API 78

API Payment APIs and Integration Security FinTech 78

The Fintech Times

JUNE 25, 2025

We are now keen to see the strategy translate to swift, collaborative action. The technologies being prioritised by the strategy promise to underpin the next phase of inclusion, productivity gains, and create new cash-management solutions for firms across the UK. “We

FinTech 45

FinTech Government Governance Innovation 45

Fintech Weekly

JUNE 10, 2025

Best Practices for Internal Code Reviews Even if you don’t engage a third-party provider right away, you can still implement a solid review framework internally. Here are some practical tips: Set clear guidelines: Define what to look for—naming conventions, architecture, performance, security, etc.

Blockchain 78

Blockchain FinTech Payment APIs and Integration Web 3.0 78

VISTA InfoSec

MAY 15, 2025

SWIFT, the global backbone for secure financial messaging, plays a critical role in enabling fast and reliable cross-border transactions. But as cyber threats grow more advanced, financial institutions must implement robust SWIFT security controls to safeguard their systems and prevent fraud. SWIFT Environment Protection 1.2

SWIFT 100

SWIFT Security Best Practices PCI DSS 100

VISTA InfoSec

JUNE 19, 2024

Best Practices for Securing Video Communication Choose the Right Platform When evaluating different platforms, assess their security features comprehensively. For example, during a video call, an attacker might share a seemingly harmless file that, when opened, encrypts your data and locks you out of the system.

Risk 277

Risk Ransomware Phishing MFA 277

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. 13 accounts receivable best practices Adopting the best AR practices helps maintain consistent revenue, reducing the need for external financing and minimizing non-payment risk.

Best Practices 52

Best Practices Accounts Disputes Procedures 52

PYMNTS

APRIL 5, 2019

The group — the International Association of Trusted Blockchain Applications ( INATBA ) — officially launched on April 3 in Brussels and includes SWIFT, IBM, Ripple and around 100 other companies and organizations. A new blockchain association has been created to promote the adoption of the technology across the European Union.

Distributed Ledger Technology (DLT) 75

Distributed Ledger Technology (DLT) SWIFT Blockchain Cross-Border 75

VISTA InfoSec

MARCH 6, 2024

System Configuration Outlines specific best practices (central time servers, external sources based on Atomic Time/UTC, peer syncing). This rule is considered best practice until March 31, 2025.) Requirement 10.4.2.1 This rule is considered best practice until March 31, 2025.) Requirement 10.1.2

PCI DSS 130

PCI DSS Procedures Best Practices Risk Assessment 130

PYMNTS

JULY 18, 2017

SWIFT is opening up its KYC registry to more banks around the globe. Expanding access to the registry means its members will benefit from more information and collaboration in their correspondent banking and funds distribution networks, SWIFT said. The Registry enables banks and FIs to share and access KYC data and documents.

SWIFT 40

SWIFT Office of the Comptroller of the Currency Due Diligence Correspondent Bank 40

PYMNTS

MAY 31, 2016

The Belgium-based Society for Worldwide Interbank Financial Telecommunication, better known as SWIFT , said it may also make security practices that are optional in its system — such as two-factor authentication of payment instructions — a requirement for all customers.

SWIFT 41

SWIFT Procedures Best Practices Authentication 41

PYMNTS

JANUARY 13, 2017

Financial messaging firm SWIFT made its first public embrace of blockchain technology last year with a whitepaper exploring the use of the technology for smart contracts. 12) said SWIFT will launch a proof-of-concept test to explore the use of blockchain technology for cross-border payments and settlements by banks.

SWIFT 41

SWIFT Blockchain Cross-Border Payments Cross-Border 41

Segpay

JUNE 13, 2024

In this post, we’ll discuss the best practices for businesses and customers to secure online payment against cyber attacks. Best Practices for Securing Financial Transactions What can businesses and consumers do to ensure secure payment processing in this digital Wild West? The Travelex ransomware attack. million ransom.

Best Practices 40

Best Practices Processors Transactions Security 40

PYMNTS

MAY 25, 2016

To help repair its damaged reputation, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) announced on Tuesday (May 24) that it plans to launch a new security plan to help combat ongoing bank heists. “Many of the less protected banks are in countries w[h]ere skills are really scarce,” he added.

SWIFT 40

SWIFT Security Federal Reserve Procedures 40

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. Practicing the incident response plan through regular drills and simulations is equally important.

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

PYMNTS

SEPTEMBER 23, 2020

Identity verification that uses biometric technology has swiftly come to the surface as a “best practice,” according to the announcement. Jumio says Gartner suggests identity proofing methods that depend on “shared secret verification” like memorable personal information or out-of-wallet knowledge queries be discontinued.

Verification 92

Verification B2C Best Practices Data Breach 92

Fintech News

FEBRUARY 6, 2024

Sumsub equips industry professionals with the necessary tools to stay ahead by providing access to the latest best practices in transaction monitoring. Platforms like Sumsub are crucial in bridging this knowledge gap. Spaces are filling up swiftly, so ensure your participation by registering today.

White Collar Crime 110

White Collar Crime Crime Suspicious Activity Report (SAR) Financial Crimes 110

The Finance Weekly

JANUARY 10, 2022

The differences in outcome are nicely summarized in this graphic from , Strategic Finance Magazine : , 12 PRINCIPLES OF BEST PRACTICE FP&A, Strategic Finance Magazine. If you follow the three FP&A best practices listed below, you'll know your team is on the correct track — one that can actually transform your business.

Finance 130

Finance Best Practices Process Returns 130

Fi911

JANUARY 31, 2024

So, before diving headfirst into implementation, institutions must consider these data security best practices: Implement multi-factor authentication (MFA) to add complexity to scammers’ attempts to gain unauthorized access to accounts. This empowers customers to make informed decisions about saving, investing, and budgeting.

AI 105

AI MFA Regulatory Compliance Best Practices 105

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. They're looking to figure out when, and how they can safely do so.”.

Posting 116

Posting Automation Best Practices Procedures 116

Fintech News

JUNE 12, 2024

These partnerships also facilitate knowledge sharing and best practice exchange, enabling the industry to move forward and adapt to consumers’ changing needs. Financial institutions can now introduce customised card offerings in a matter of months, bypassing the need for complex infrastructure development.

Credit Cards 111

Credit Cards Payment APIs and Integration Card Issuer Non-Bank 111

Fintech News

JUNE 6, 2024

For high-risk industries like financial services, leveraging advanced biometrics and AI-driven fraud analytics can help accurately predict and prevent fraud by detecting subtle patterns across enterprise networks and anomalies that may indicate fraudulent activity, allowing banks to take swift action to mitigate potential losses.

Scams 111

Scams Phishing Deepfake Verification 111

EBizCharge

AUGUST 28, 2024

This article will explore what routing numbers are, how they work, and best practices for using them. It’s important to note that additional codes, such as the Society for Worldwide Interbank Telecommunication (SWIFT), may be required for international wire transfers instead of just the routing number. What is a routing number?

Wire Transfer 52

Wire Transfer Direct Deposit Wire Wires 52

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

Fintech News

DECEMBER 10, 2023

Maximising FIs’ payments transformation Bottomline For banks and other financial institutions to ensure they’re strategic priorities are aligned with the best practices within their space as they pursue their digitalisation goals, Bottomline has released The Future of Competitive Advantage in Banking & Payments study.

FinTech 126

FinTech Cross-Border ISO 20022 Cross-Border Payments 126

PYMNTS

DECEMBER 29, 2016

In the meantime, and in line with best practice, we recommend that individuals closely monitor their payment card account statements. We immediately launched an investigation, which includes retaining a leading computer security firm to provide us with additional support. We continue to work with the payment card networks.”. “We

Breach 54

Breach Card Network Rules Best Practices Fraud Prevention 54

PYMNTS

SEPTEMBER 28, 2016

The announcement came at Sibos, the annual conference hosted by SWIFT. The collaboration is slated to focus on establishing and testing technology and best practices.

Blockchain 74

Blockchain Digital Currency Best Practices Non-Bank 74

Neopay

NOVEMBER 13, 2024

Training and Continuous Support: We provide training to keep your staff informed on regulatory changes and industry best practices, along with continuous support to help your team effectively manage financial crime risks. Our tailored solutions help businesses stay compliant through a holistic, adaptable approach.

Financial Crimes 52

Financial Crimes Crime Due Diligence Compliance 52

Fintech Finance

DECEMBER 9, 2024

Discover innovative business models, regulatory insights, and best practices driving the transformation of the finance sector. Hear directly from influential figures in banks, fintechs, e-commerce, merchants, and government.

Office of the Comptroller of the Currency 95

Office of the Comptroller of the Currency Financial Crimes BSA Cross-Border Payments 95

The Finance Weekly

OCTOBER 13, 2021

Here are the best practices for getting started, from consolidating multiple companies' financials onto a single ledger to deciding which company's enterprise resource planning (ERP) system to stick with (or, in some cases, an even more difficult task—deciding to start from scratch and implement an entirely new ERP system): 1.

Risk Management 130

Risk Management Risk Automation Close Processes 130

Clearly Payments

AUGUST 6, 2024

Here are some best practices: Clear Communication: Ensure customer service contact information is easily accessible and prominently displayed. This brief window requires merchants to act swiftly and efficiently to gather evidence and submit their rebuttal.

Disputes 105

Disputes Visa Issuers Duplicate 105

EBizCharge

APRIL 26, 2024

In addition to knowing how to deal with these invoices, incorporating best practices to minimize short-paid invoices is invaluable for any AR team. Best practices for minimizing short-paid invoices There are numerous reasons for short-paid invoices, such as billing errors or contractual disputes.

Disputes 52

Disputes Best Practices Procedures SWIFT 52

Nanonets

NOVEMBER 16, 2023

We’ll examine the different types of AP controls, accounts payable internal controls best practices, and how to manage AP controls in today’s digital landscape. There are many accounts payable internal controls best practices that every business should prioritize; let’s get into them.

Accounts 52

Accounts Best Practices Duplicate Checks 52

PYMNTS

OCTOBER 12, 2020

“Automated monitoring and third-party tools in this area have made major strides in recent years, so we try to leverage a combination of several different automations along with support from an internal team that makes sure we are up to date on best practices for fraud prevention,” he said.

Automation 79

Automation Fraud Prevention Identity Theft On-Demand 79

PYMNTS

APRIL 20, 2017

In the meantime, and in line with best practice, we recommend that individuals closely monitor their payment card account statements. We immediately launched an investigation, which includes retaining a leading computer security firm to provide us with additional support. We continue to work with the payment card networks.”. “We

Data Breach 45

Data Breach Breach Card Network Rules Best Practices 45

Fintech News

MAY 20, 2024

Pedro Martinez and Megan Shamas will explore best practices and real-world examples for implementing passkeys and strong customer authentication (SCA). These virtual events became vital for maintaining business continuity, serving as a means for internal meetings and connecting with clients and audiences.

FinTech 136

FinTech Embedded Finance BNPL On-Demand 136

VISTA InfoSec

SEPTEMBER 5, 2024

Regular sessions should be scheduled to reinforce learning, ideally on a quarterly basis, to keep staff updated on the latest threats and best practices. Implementing a comprehensive training program not only enhances employee knowledge but also fosters a culture of security within the organization.

Security 130

Security Phishing Ransomware Risk Assessment 130