Security & Compliance

Bank-Level Security

GiveBAC employs the same security standards used by major financial institutions to protect your data and transactions.

🔒 256-Bit Encryption

All data transmitted between your device and our servers is encrypted using TLS 1.3 with 256-bit encryption.

🏦 PCI DSS Level 1

We comply with Payment Card Industry Data Security Standard (PCI DSS) Level 1, the highest level of certification.

🔐 Data Tokenization

Card numbers are tokenized and never stored in plain text. We use Stripe's secure vault for card data.

🛡️ Multi-Factor Auth

Account access requires multi-factor authentication for enhanced security.

Fraud Prevention

Real-Time Monitoring

Transaction Alerts: Instant notifications for all card activity
Fraud Detection: AI-powered systems monitor for suspicious patterns
Velocity Checks: Automatic blocks on unusual transaction volumes
Location Verification: Flag transactions from unexpected locations
Merchant Validation: Verify legitimacy of merchants before authorization

Card Controls

You have complete control over your card:

Instant Freeze: Temporarily disable your card with one tap
Spending Limits: Set daily and monthly transaction limits
Merchant Categories: Block specific types of merchants
Geographic Controls: Restrict transactions to specific regions
Instant Cancellation: Permanently cancel your card anytime

Regulatory Compliance

✓ Financial Regulations

• Bank Secrecy Act (BSA): Anti-money laundering compliance
• KYC/AML Requirements: Identity verification for all users
• OFAC Compliance: Sanctions screening and monitoring
• Electronic Fund Transfer Act: Consumer protections for electronic payments
• Regulation E: Error resolution and unauthorized transaction protections

✓ Data Privacy Regulations

• GDPR: EU General Data Protection Regulation compliance
• CCPA: California Consumer Privacy Act compliance
• GLBA: Gramm-Leach-Bliley Act for financial privacy
• SOC 2 Type II: Third-party security audit certification

Data Protection Measures

Data Encryption: At-rest encryption for all stored data (AES-256)
Secure Infrastructure: Cloud hosting with enterprise-grade security (AWS/Google Cloud)
Access Logging: All data access is logged and monitored
Employee Training: Regular security awareness training for all team members
Background Checks: All employees undergo thorough background screening
Incident Response: 24/7 security monitoring and rapid response team

Third-Party Security

Stripe Security

Card issuance and payment processing are handled by Stripe, a certified PCI Service Provider Level 1 - the highest level of certification in the payments industry.

Stripe has never had a data breach
Used by millions of businesses worldwide including Amazon, Google, and Shopify
SOC 1 Type 2 and SOC 2 Type 2 certified
Regular third-party security audits and penetration testing

Your Security Best Practices

Protect Your Account:

• Use a strong, unique password
• Enable biometric authentication (Face ID/Touch ID)
• Never share your login credentials or card information
• Keep your app updated to the latest version
• Review transactions regularly
• Log out from shared devices
• Be cautious of phishing emails or texts

Incident Reporting

If you suspect a security incident:

Immediately freeze your card in the app
Contact our security team: [email protected]
Provide details of the suspected incident
Change your password and enable additional security measures
Monitor your account for unusual activity

Certifications and Audits

Annual PCI DSS compliance assessments
Quarterly vulnerability scans
Annual penetration testing by third-party security firms
Regular code security audits
SOC 2 Type II audit (in progress)

Questions or Concerns?

Security Team

Email: [email protected]

General Support: [email protected]

We take all security concerns seriously and will respond promptly.