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ISO Standards in Banking and Payments: What You Need to Know
Payment failures, frozen accounts, and regulatory fines happen more often than you think.
Most people handling payments have no proper training, and MBAs don’t cover this.
ISO standards define how banks process transactions, prevent fraud, and stay compliant, yet most businesses don’t even know they exist. Ignoring them leads to security breaches, lost funds, and costly mistakes.
Read my article for more information: https://www.linkedin.com/pulse/iso-standards-banking-payments-what-you-need-know-viktoria-soltesz-oysdf/?trackingId=GD1c6CfwSEaS9nlJbwWppQ%3D%3D
What is DORA? And why do you need to know about this?
DORA is set to change the game for financial institutions, requiring robust digital risk management and compliance by January 2025. It’s not just a regulatory formality—it’s about building a resilient operation that can withstand digital threats, protect customer trust, and avoid hefty fines. Financial institutions must be prepared to manage their partner's risks, too, in order to secure third-party relationships, and conduct resilience testing to ensure stability.
Read my article below for more information:
https://www.linkedin.com/pulse/digital-operational-resilience-act-dora-new-era-finance-soltesz-pxabf
DORA is set to change the game for financial institutions, requiring robust digital risk management and compliance by January 2025. It’s not just a regulatory formality—it’s about building a resilient operation that can withstand digital threats, protect customer trust, and avoid hefty fines. Financial institutions must be prepared to manage their partner's risks, too, in order to secure third-party relationships, and conduct resilience testing to ensure stability.
Read my article below for more information:
https://www.linkedin.com/pulse/digital-operational-resilience-act-dora-new-era-finance-soltesz-pxabf
Digital Operational Resilience Act (DORA) - The New Era of Digital Resilience in Finance
Imagine one day your entire financial operation grinds to a halt. Not because of a simple system error, but because a single vulnerability left you...
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More Updates From Viktoria
Upvoted by Cristian and 1 other
Upvoted by 2
Upvoted by Cristian
Upvoted by 1
Viktoria S.
Mar 6, 2025
"Oh come on, it just a bank....!"
You probably don’t spend much time thinking about payment and banking—until something goes wrong.
A failed transaction, a frozen account, or a sudden account closure can throw your business into chaos overnight.
You assume your finance team has it covered, but payment and banking don’t follow the same rules as accounting.
The ones who manage payment and banking tasks are not adequately trained to so.Key areas, such as how payments and banking affect technology, UX, compliance, and other essential aspects in a business, are absent from accounting, economics courses, and MBAs.
One mistake can cut off your cash flow, block customer payments, and leave you scrambling with no clear answers.
If you’re not actively managing this, you’re already at risk. Here’s what you need to know:
https://www.linkedin.com/pulse/why-payment-banking-can-longer-ignored-hidden-business-soltesz-v1ise/?trackingId=lhNaFIyuQ76hrIy0Gab%2BaA%3D%3D
You probably don’t spend much time thinking about payment and banking—until something goes wrong.
A failed transaction, a frozen account, or a sudden account closure can throw your business into chaos overnight.
You assume your finance team has it covered, but payment and banking don’t follow the same rules as accounting.
The ones who manage payment and banking tasks are not adequately trained to so.Key areas, such as how payments and banking affect technology, UX, compliance, and other essential aspects in a business, are absent from accounting, economics courses, and MBAs.
One mistake can cut off your cash flow, block customer payments, and leave you scrambling with no clear answers.
If you’re not actively managing this, you’re already at risk. Here’s what you need to know:
https://www.linkedin.com/pulse/why-payment-banking-can-longer-ignored-hidden-business-soltesz-v1ise/?trackingId=lhNaFIyuQ76hrIy0Gab%2BaA%3D%3D
Upvoted by Cristian and 1 other
Upvoted by 2
Viktoria S.
Mar 3, 2025
Thinking your payment and banking setup is fine? Think again.
One mistake—choosing the wrong bank, relying on a single provider, or ignoring compliance changes—can freeze your accounts, block your transactions, and cut you off from your own money.
Too many businesses assume payments are "just finance" or that "their accountant can handle it". That’s exactly how companies end up with crippling fees, rejected transactions, and lost revenue.
Your payment and banking setup isn’t an afterthought—it’s your business lifeline. Get it wrong, and you might not have a business left.
Read my article for more information. https://www.linkedin.com/pulse/5-payment-banking-myths-make-companies-fall-behind-viktoria-soltesz-gkp9f
One mistake—choosing the wrong bank, relying on a single provider, or ignoring compliance changes—can freeze your accounts, block your transactions, and cut you off from your own money.
Too many businesses assume payments are "just finance" or that "their accountant can handle it". That’s exactly how companies end up with crippling fees, rejected transactions, and lost revenue.
Your payment and banking setup isn’t an afterthought—it’s your business lifeline. Get it wrong, and you might not have a business left.
Read my article for more information. https://www.linkedin.com/pulse/5-payment-banking-myths-make-companies-fall-behind-viktoria-soltesz-gkp9f
Upvoted by Cristian
Upvoted by 1
Viktoria S.
Feb 6, 2025
Payment introducers are hurting the industry!
These "introducers" are not doing you a favor—they’re cashing in on secret commissions while putting your business at risk. The bigger issue is accountability—because there is none. There incentive to match businesses with the right provider: who pay the most.
Your business, your money, and your ability to operate are on the line.
This approach hurts everyone—the Providers, the Business, and the Industry!
Payment and banking must be handled by educated professionals who understand compliance, risk management, and long-term business strategy—not by brokers looking for a quick payday.
Businesses that ignore this reality will learn the hard way. And by then, it will already be too late.
Read my article for more information: https://www.linkedin.com/pulse/hidden-cost-free-merchant-bank-account-openings-why-payment-soltesz-7h4hf
These "introducers" are not doing you a favor—they’re cashing in on secret commissions while putting your business at risk. The bigger issue is accountability—because there is none. There incentive to match businesses with the right provider: who pay the most.
Your business, your money, and your ability to operate are on the line.
This approach hurts everyone—the Providers, the Business, and the Industry!
Payment and banking must be handled by educated professionals who understand compliance, risk management, and long-term business strategy—not by brokers looking for a quick payday.
Businesses that ignore this reality will learn the hard way. And by then, it will already be too late.
Read my article for more information: https://www.linkedin.com/pulse/hidden-cost-free-merchant-bank-account-openings-why-payment-soltesz-7h4hf
Viktoria S.
Feb 3, 2025
The "Big Bad Banks" Myth: Who’s Really to Blame?
We love to blame banks for high fees, but the truth is, compliance isn’t free.
Banks and payment providers charge fees because they’re the ones making sure transactions are legal, fraud is prevented, and taxes are accounted for.
Without them, businesses wouldn’t be better off—they’d just be competing with those who avoid the rules, cheat the system, and undercut honest merchants.
Instead of pointing fingers, businesses need to understand the system, negotiate better deals, and structure their payments properly—because without the right knowledge, they’ll always be the ones getting ripped off.
Read my article for more: https://www.linkedin.com/pulse/big-bad-banks-myth-whos-really-blame-viktoria-soltesz-hamqf
We love to blame banks for high fees, but the truth is, compliance isn’t free.
Banks and payment providers charge fees because they’re the ones making sure transactions are legal, fraud is prevented, and taxes are accounted for.
Without them, businesses wouldn’t be better off—they’d just be competing with those who avoid the rules, cheat the system, and undercut honest merchants.
Instead of pointing fingers, businesses need to understand the system, negotiate better deals, and structure their payments properly—because without the right knowledge, they’ll always be the ones getting ripped off.
Read my article for more: https://www.linkedin.com/pulse/big-bad-banks-myth-whos-really-blame-viktoria-soltesz-hamqf
