Legal & Bank Verification Requirements | Secure Payment Processing For Small Business
To maintain a secure financial environment and comply with federal regulations, specific business information is required during the application phase. Here is how we handle and protect your data.
1
Identity Verification
To legally process payments, our sponsor bank is required by federal law to verify business ownership using your EIN. This is a standard KYC (Know Your Customer) requirement for all financial institutions.
3
PCI Data Compliance
Your data is processed according to strict PCI-compliance standards. We do not store sensitive identifiers; instead, we act as a secure bridge between your business and our banking partners.
2
Secure Bank Linking
We request your bank account information purely to establish a secure route for daily fund deposits. This information is submitted via an encrypted, bank-approved application portal.
4
Initial Discovery
Security starts with privacy. We never ask for sensitive info during your initial savings estimate. You only provide verification once we’ve shown a clear, estimated savings range for your business..
OUR SECURITY STANDARDS
We prioritize the safety of your business data with bank-level encryption and rigorous financial compliance frameworks.
01
PCI‑Aligned Processing
Transactions are handled through PCI DSS–compliant payment platforms and bank‑sponsored partners that follow industry security standards for card data.
02
Encrypted Transmission
Sensitive payment information is encrypted in transit between your device and our processing partners using industry‑standard encryption protocols.
03
Limited Data Handling
We apply “privacy by design” principles and do not store Social Security numbers, tax IDs, or personal banking credentials on our local systems; these are handled directly by our secure processing and banking partners.
04
SECURE BANK HANDOFF
Applications are submitted through secure, encrypted portals provided by our sponsor banks and processing partners for verification and underwriting.
YOUR DATA IS YOUR BUSINESS
Detailed compliance whitepapers are available upon request for our merchants and institutional partners.
Our Process: From Application to Elimination
We’ve streamlined the transition to dual pricing and cash discount programs into four simple checkpoints. Our team handles the technical complexity so you can focus on your business.
01
Secure Application
Complete our secure application through an encrypted portal provided by our sponsor banks and processing partners. We never ask for sensitive data like SSNs during the initial review phase.
02
Bank Approval
Our sponsor bank verify your business credentials for payment processing. This standard compliance step typically takes about 1 to 3 business days, but timelines can vary by business type.
03
Setup & Training
Receive your pre-configured, plug-and-play terminals. Our experts guide your staff through the simple cash discount interface.
04
Start Saving
Go live and begin offsetting eligible processing costs through your new pricing structure. Many merchants see a significant reduction in effective processing expense on their first statements; actual results vary by volume and pricing.
Our Commitment
Our mission is to help reduce or offset your credit card processing costs
Our mission is to help reduce or offset your credit card processing costs through clearly disclosed cash discount and dual pricing programs designed to align with card‑brand rules and industry standards. If our analysis does not show a meaningful potential savings range for your business, we do not expect you to switch. There are no upfront costs for qualifying businesses, and all rates and fees are disclosed in writing for your review before you decide to move forward.