Throughout the COVID-19 pandemic, new electronic payments risks have surfaced. You need to update your risk assessment program to spot and avoid them. As you embark upon the new year, now is the perfect time to implement new procedures tailored to the current climate.
You need to identify the risks associated with your electronic payments program and outline the mitigating factors that can reduce this risk. Risks can affect electronic payments from both the operations and forward-facing sides of each transaction.
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Jennifer A. Miller