Audits are time consuming and tedious; however, once you start processing with Paymerang, not only do your payments become simpler, but so does your audit process.
Our transformative payment automation solution simplifies your NACHA, SOC2, PCI-DSS, and Positive Pay processes by undergoing these strict audits and industry best practices so you don’t have to.
The NACHA Operating Rules require all participating depository financial institutions, Third-Party Service Providers, and Third-Party Senders conduct a risk based ACH Rules Compliance Audit each year. The ACH Rules Compliance Audit can help you identify potential problems, correct them before an issue arises, and limit your liability. Audits are conducted annually and require the institution to provide an in-depth chronological report of all ACH operations and other related finance processes.
Developed by the AICPA, SOC 2 is specifically designed for service providers storing customer data in the cloud. Before 2014, cloud vendors only had to meet SOC 1 compliance requirements. Now, any company storing customer data in the cloud must meet SOC 2 requirements in order to minimize risk and exposure to that data.
The Payment Card Industry Data Security Standard (PCI DSS) is a set of requirements intended to ensure that all companies that process, store, or transmit credit card information maintain a secure environment. It was launched on September 7, 2006, to manage PCI security standards and improve account security throughout the transaction process.
Paymerang’s cloud-based platform securely manages these costly and time-consuming audit processes so your team can avoid the headache and focus on more mission-critical initiatives.
Benefits of Partnering with Paymerang:
- Greater simplicity through a streamlined process
- Greater security through encrypted account data and two levels of authentication
- Greater savings through cost savings on costly audit processes
- Greater efficiency through time saved on annual audits
To learn more about how we reduce the headache of audits and simplify your audit process click here.