Data Security

PayNearMe Inc. takes our partners’ information very seriously, and has comprehensive privacy and security assessments and certifications performed by multiple third parties. PayNearMe adheres to strict compliance and security protocols and other relevant standards ensuring that our services maintain the highest levels of integrity and reliability. PayNearMe conducts SOC1, SOC2, NACHA, and PCI-DSS audits annually and audit reports can be provided upon request.

The SOC 1 (System and Organization Controls 1) report ensures that a company’s internal controls over financial reporting are effective and reliable for stakeholders like auditors and regulatory bodies.  

The SOC 2 (System and Organization Controls 2) report verifies that a company’s systems meet strict criteria for security, availability, and confidentiality, building trust with customers and partners.  

A National Automated Clearinghouse Association (NACHA) accreditation ensures that organizations comply with stringent standards for secure, efficient, and reliable processing of electronic payments through the U.S. ACH network.

PayNearMe Inc. (“PayNearMe”) completes an annual PCI DSS assessment using an approved Qualified Security Assessor (QSA). The auditor reviews the PayNearMe environment, which includes validating the infrastructure, development, operations, management, support, and in-scope services. The PCI DSS designates four levels of compliance based on transaction volume. PayNearMe is certified as compliant under PCI DSS version 4.0 at Service Provider Level 1.

The assessment results in an Attestation of Compliance (AoC) are issued by the QSA. Compliance is considered effective from the date that the AoC is issued by the assessor and remains valid for one year from the date of issuance. The AoC serves as documentation confirming that PayNearMe Inc. has been verified by the QSA as compliant with PCI DSS v4.0 and is available to customers as needed.

Compliance with this internationally recognized standard confirms that PayNearMe’s security management program is comprehensive and follows leading practices.

As a member of the Third Party Payment Processors Association [TPPPA], PayNearMe adheres to the rigorous requirements of NACHA, including successful completion of annual ACH audits. This reflects our dedication to maintaining compliance, safeguarding payment processes, and supporting the integrity of the ACH network.