Compliance Framework
Designed to align with global regulatory standards. payware architecture enables compliance with data protection, financial regulations, and security requirements across jurisdictions.
Regulatory Alignment
Architecture designed to support global financial and data protection standards
Payment Services Standards
Architecture aligned with payment services regulations including Strong Customer Authentication (SCA) and Open Banking principles.
Data Protection
Built with privacy-by-design principles to support GDPR and similar data protection regulations for customer data handling.
Secure Data Handling
Infrastructure configured to meet payment card data security best practices and secure payment data handling requirements.
Financial Crime Prevention
Framework supports Anti-Money Laundering and Know Your Customer procedures aligned with FATF guidelines.
Security Controls
Security practices based on industry standards for service organization controls covering security, availability, and confidentiality.
Information Security
Information security management framework designed to align with international standards for protecting sensitive data.
Data Protection & Privacy
Privacy-by-design principles and comprehensive data security measures
Privacy-by-Design Principles
Data Minimization
Only collect and process the minimum data necessary for payment processing.
Purpose Limitation
Data collected for payments is used only for that purpose. No secondary use without explicit consent.
Storage Limitation
Transaction data retained only as long as legally required. Automated deletion processes in place.
User Rights
Right to access, rectification, erasure, data portability, and objection fully supported via API and dashboard.
Secure Data Handling
Encryption at Rest
AES-256 encryption for all stored data with hardware security modules (HSMs) for key management
Encryption in Transit
TLS 1.3 with perfect forward secrecy for all network communications
Access Controls
Role-based access control (RBAC), multi-factor authentication, audit logging for all data access
Data Residency
Regional data centers ensure data stays within required jurisdictions (EU, US, APAC)
Incident Response & Breach Notification
Comprehensive incident response plan with defined procedures and timelines:
Detection
24/7 monitoring, automated anomaly detection, security event correlation
Containment
Immediate isolation procedures, evidence preservation, impact assessment
Notification
Regulatory notification within 72 hours, customer notification, public disclosure as required
Financial Services Framework
Enabling partner compliance with consumer protection and regulatory standards
Financial Crime Prevention Support
Architecture designed to support partner institutions in meeting their regulatory obligations:
- Identity Framework: APIs support identity verification workflows for merchants and institutions
- Transaction Data: Comprehensive transaction metadata to support partner monitoring requirements
- Audit Trails: Complete activity logs to support compliance investigations and reporting
- Risk Signals: Framework provides data points for risk-based assessment approaches
Consumer Protection Principles
Built-in features that support consumer protection best practices:
- Transaction Transparency: Clear transaction details and confirmations for all parties
- Dispute Data: Transaction records and metadata to support dispute resolution processes
- Authentication: Strong Customer Authentication support to reduce unauthorized transactions
- Partner Responsibility: Network members maintain responsibility for customer fund safeguarding
Audit Logs & Compliance Reporting
Tamper-proof audit trails and comprehensive compliance documentation
Comprehensive Audit Trails
All system activities are logged with tamper-proof audit trails:
- All transaction events with timestamps
- API access and authentication attempts
- Configuration changes and admin actions
- Data access and export activities
Logs retained for 7 years in immutable storage
Documentation Transparency
Partners have access to technical and security documentation:
- Security assessment summaries
- Penetration testing results (as available)
- Security policies and procedures
- Technical architecture documentation
Available to certified partners via secure portal
Continuous Compliance Monitoring
Proactive policy updates, training programs, and partner communication
Policy Updates
Compliance team monitors regulatory changes across all jurisdictions and updates policies proactively.
Training Program
Mandatory annual compliance training for all staff, with specialized training for technical and finance teams.
Partner Communication
Proactive notification of regulatory changes affecting partners with guidance documents and technical updates.
Questions About Compliance?
Our compliance team is available to discuss regulatory requirements and provide documentation