The cost of compromising on payment security and compliance
The cost of compromising on payment security and compliance
Your payments partner should reduce risk, not introduce it. Strong payment security and regulatory compliance can help your business:
Prevent delays in bookings and getting paid if service is suspended for compliance violations.
Avoid reputation impacts from data breaches that are not mitigated by strong adherence to PCI standards to protect cardholder data.
Minimize chargeback risk if the proper safeguards aren’t in place to prevent fraudulent transactions.
Travelers value payment security when booking trips Flywire’s recent survey of 500+ U.S. luxury travelers found:
weigh payment security in booking decisions
say payment security is their biggest pain point in paying for travel
have disputed a travel-related charge with their credit card network
What does industry-leading compliance like look?
The baseline of money movement is making sure the transaction itself is secure – which requires compliance with things like PCI DSS, best-in-class application and vendor security, threat monitoring, incident response and more. But beyond transaction security, cross-border payments providers also have a responsibility to guard against the global financial system being used to facilitate harm by meeting anti-money laundering and counter-terrorism finance (AML/CTF) obligations.
First-class security & standards compliance
✓ Robust global Anti-Money-Laundering (AML), Counter-Terrorist Financing (CTF) and sanctions compliance programs validated by third-party audits
✓ SOC1 and SOC2 Reports for Integrated Solution for the last three years
✓ CSA STAR Registered for Cloud Security Level 1 2023
✓ ADA Compliance Certification provided by reputable third party for the last three years
✓ PCI DSS Level 1 Certification with third-party attestations for the last three years
✓ PCI Security Standards Council Board of Advisors membership
✓ NACHA affiliate membership (and associated Compliance Program)
Public reporting, financial strength & transparency
✓ Publicly-traded company on the Nasdaq Exchange (FLYW)
✓ Full U.S. GAAP Financial Reporting for the last three years
✓ Minimum US$250M continuous balance of corporate funds
✓ Demonstrated segregation of corporate and client funds (e.g., FCA requirement)
Unparalleled cross-border payment experience
✓ Global payment network with convenient, local payment options in 140+ currencies across 240+ countries and territories
✓ Easy-to-use payer interface available in 13 key languages
✓ Around-the-clock multilingual support in 30 languages from experts available via phone, email, and live chat
✓ Best price guarantee for local bank transfers
✓ More than 5,000 clients around the world
The right payment partner turns complex security and compliance into a competitive edge that drives customer loyalty and ensures you get paid.
HEAR FROM YOUR PEERS
Flywire’s solutions are much more modernized and capable of handling new technology. Security was a main driver for choosing Flywire, along with cost savings.
Nordic Visitor
Guests are reassured by Flywire’s security credentials and the real-time payment updates they receive.
Aqua Expeditions
Flywire has been exactly what they promised and have never let us down.
Hidden Africa
Flywire has simplified payments for Mediterranean Hospitality, delivering speed, security, efficiency and transparency. Our guests are more confident making bookings with us because of Flywire.
Danilo Scordia, Booking Revenue Analyst, Mediterranean Hospitality
