The aforementioned security features enable Paybis to ensure that our wallets are secure and adhere to industry standards.
While we cannot reveal extensive details about our internal processes, procedures, and practices, we can offer a concise overview of how we mitigate other risks associated with Paybis wallets:
Counterparty and Liquidity Risk – Customer assets are segregated into dedicated addresses when they choose to store them in Paybis Wallets. This allows our customers the freedom to verify their balances on any block explorer, independently of logging into their Paybis account.
Regulatory Risk – Paybis employs a dedicated team of legal and compliance experts to ensure that we remain compliant with the latest regulations.
Privacy Concerns – Paybis holds PCI/DSS certification, which necessitates annual recertifications and audits. Moreover, Paybis engages in external, independent penetration testing to secure our customers' data.
Operational Risk – Utilizing Fireblocks' Policy Engine and our internal tools, we set various rules and access levels to prevent any unauthorized actions.