Aeropay's security & compliance standards
Overview
Navigating compliance for payments can be complex, but it doesn't have to be.
Protecting people and payments is our highest priority!
Compliance is built into every aspect of Aeropay. With SOC 2 Type II certification and strict adherence to state and federal regulations, we ensure your payments are secure and your business remains compliant.
In this article, we will cover Aeropay's security and compliance standards.
Compliance framework
Our dedicated Risk & Compliance team ensures Aeropay remains fully compliant and ahead of regulatory changes. With expertise in payment processing, fraud prevention, and industry regulations, our team works to protect your business and customers.
Outlined below is the compliance framework that the team and organization use to ensure it meets compliance standards:
SOC 2 Type II compliance → Aeropay undergoes regular independent audits and holds SOC 2 Type II certification, ensuring security, availability, confidentiality, and privacy.
Regulatory compliance → We help businesses meet state and industry requirements while ensuring secure, compliant payments within legal frameworks.
Federal and state licensing → Aeropay complies with relevant federal and state laws, confirming where Money Transmitter Licenses ("MTLs") are needed or not needed through partnerships with regulated banks and engagement with state regulators. So far, Aeropay's operating model has not required any MTLs. Aeropay also registers as a gaming supplier as needed.
Financial crimes compliance → Through strong programs in areas like customer due diligence and transaction monitoring, we help detect and prevent financial crimes.
NACHA → Aeropay adheres to NACHA guidelines for secure and efficient ACH transactions, improving payment success while maintaining compliance.
Comprehensive program → Our Compliance Management System (CMS) approach ensures regulatory standards are met through governance, policies, controls, testing, monitoring, and independent audits.
Fraud protection
We proactively safeguard your transactions with real-time fraud detection and advanced prevention systems. Aeropay’s AI-driven tools monitor every transaction to help keep your business and customers secure.
Key fraud protection features include:
- AI-powered risk detection with live transaction analysis
- Real-time anomaly detection to catch suspicious behavior before it happens
- Automated risk scoring for smarter, faster decision making
- Pay by bank solutions built to support a variety of business use cases
Our fraud prevention system works behind the scenes to identify and mitigate risk, so you can focus on growing your business.
Information security
We take data security seriously and use bank-grade protocols to ensure your customers’ personal and payment information stays safe, every step of the way.
Here's how we protect your customers:
Bank-level encryption → We use encryption and secure bank-login methods to ensure your customers’ data remains protected throughout every transaction.
Data safety → Aeropay minimizes the personal data collected and ensures that it is securely stored and protected using the latest security protocols.
Biometric login → Aeropay uses biometric authentication for a seamless and secure payment experience. With Face ID or fingerprint scanning, users can verify their identity instantly - no passwords needed.