Security And Compliance

Paymency uses Internet banking security standards, Microsoft Azure and a Cyber Security Specialist is on our Board. As a successful pioneer of Internet banking, Gary Lewis Evans is founder and CEO of Paymency. He brings over 35 years of banking security experience, including Internet banking experience since 1994. Paymency leadership also bring years of compliance experience with BSA, AML and CTR reporting. RPA will be used from the outset to minimize human interface and eventually AI and Blockchain will be incorporated for additional security.

 

Following are highlights of our programs

Consumers

  • Encrypted and secure document transmission
  • No credit card or bank information is stored on the smartphone or merchant system
  • No personal credit card numbers or the highest risk bank account Pin and Password
  • Challenge questions and/or email alerts are generated when there are any changes to customer information, phone or payment irregularities
  • Make payments anonymously
  • Data encryption on the Smartphone and in the Microsoft Cloud
  • Consumers are notified instantly when payments are made

    MERCHANT PAYMENT APPS

  • Encrypted and secure document storage and transmission      
  • Never need to ask for bank account Pin and Password
  • Challenge questions and/or email/Text alerts are generated when there are any changes to customer information, phone or payment irregularities
  • Microsoft Azure Cloud storage and security
  • Our security and KYC is a function of our payment and digital currency plan used
  • We are designed to manage by exception

    SMS UNBANKED OR SMALL MERCHANT - CITY - NON-PROFIT - CHURCH - NATIVE AMERICAN COMMUNITY

 
  • No PCI (Payment Card Industry) requirements - we hold all data and info on our end
  • Encrypted and secure transmission other than SMS
  • Real time transfer of money from consumer to merchant account within Paymency
  • Ability to assign levels of access and authority to merchant’s data and activity
  • Merchants are notified when payments are made or money is deposited to account



 
Paymency Inc. All Rights Reserved
All trademarks, service marks, and trade names referenced in this material are the property of their respective owners.
Since September 11, 2001, the government enacted the USA Patriot Act requiring all financial institutions to obtain enough information to identify customers.
Paymency recognizes the need to adapt the USA Patriot Act, AML, BSA and all Currency Transaction Reporting to our model.
This may include obtaining information such as name, address, date of birth, Tax ID and any additional information that will allow us to identify you. Paymency will block money laundering through design.


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