Paystand Security
Fact SheetEnterprise-class data security, management
controls and fraud prevention

Paystand is the fastest growing commercial payments platform,supporting over 250,000 businesses paying on the Paystand payment
network. The Paystand approach to security is rooted in the unique natureof B2B payments and provides the most robust, comprehensive payment
security available.
At every step in the payment process, Paystand employs embedded safeguards and protocols to ensure that payment information is secure.
Paystand protects your business and your customers with industry leadingcontrols and technology:•Bank-grade data security ensures all data remains secure whether inflight during a transaction or at rest in our database.

•Advanced management controls allow you to effectively manage user
activity and keep your data secure from unauthorized access.

•Proven fraud prevention tools protect your transactions across all
payment types to minimize chargebacks and avoid transaction risks.

1

Paystand.com
800.708.6413
Sales@Paystand.com

BANK-GRADE DATA SECURITY
PCI DSS Level 2 Certified•

Paystand maintains the payment industry’s most stringent level ofcertification•

Why important: Ensures all card data is protected according to the highest
industry standards

Fund on File Tokenization•

Paystand replaces used tokenization to safeguard a card’s primary accountnumber by replacing it with a unique string of numbers.

•Why important: Vaults your customers’ payment information in a secureenvironment, allowing you to authorize, charge and re-use a customer’s
payment method without accessing their private information directly

Database Encryption & Password Hashing•

Paystand encrypts data at rest and key data as it is being processed withsecure AES-256 encryption. Paystand also hashes all user passwords to an
unreadable string of characters in the database.

•Why important: Ensures sensitive data and passwords are secure whenbeing passed from users and when stored in our database.

ADVANCED MANAGEMENT CONTROLS
Role-Level Access•Company admins can assign each user to a specific role with customized
permissions and level of access. A complete audit trail with timestamps
tracks all user activity on the Paystand platform.

•Why important: Allows admins to control and limit the ability of any
corporate user to access customer and transaction information and use
specific Paystand features. Also provides admins with full visibility into
corporate user activity by login and user action.

2Paystand.com
800.708.6413
Sales@Paystand.com

Two-Factor Authentication•

When enabled, requires users to enter their password and a unique
single-use code to access the Paystand platform.

•Why important: Protects each corporate user’s account with a powerful levelof additional security.

Payment Assurety•

Through Paystand’s blockchain-based payment authentication process,each transaction automatically creates a digitized record trail that is secure,certified and fully auditable.

•Why important: Provides a verifiable receipt that your customers can accessand print at any time to provide immutable proof of the transaction andrelated details.

PROVEN FRAUD PREVENTION
Credit Card Transaction Monitoring•

Advanced machine learning and transaction based scoring models analyzeeach transaction for potential fraud.

•Why important: Continuously monitors card transactions to detect andidentify potential fraudulent activity and effectively reduce chargeback rates.

Paystand Smart Lockbox•

Paper checks are scanned and converted to electronic Check 21 format,
allowing for automated data entry, remittance matching and reconciling
deposits with your system of record.

•Why important: Increases deposit speed and reconciliation accuracy tosignificantly improve control and transparency, reducing potential for
fraudulent check processing.

Paystand Zero Card for Corporate Expenses•

Advanced machine learning, ongoing rule analysis and 24/7/365 risk
assessments continuously adapt to evolving fraud patterns.

•Why important: Ensures new and emerging fraud vectors are effectively
identified through flexible and responsive fraud detection.

3

Paystand.com
800.708.6413
Sales@Paystand.com