SaveCash is committed to maintaining the highest standards of regulatory compliance, security, and operational excellence. We are continuously working toward obtaining certifications, conducting audits, and implementing controls to ensure the security, privacy, and integrity of our platform and user data.

1. Security Certifications

1.1 SOC 2 Type II Compliance

SaveCash is committed to achieving SOC 2 Type II certification, demonstrating our commitment to secure, available, and reliable operations. Our SOC 2 attestation will cover:

• Security: Protection against unauthorized access and attacks through firewalls, encryption, and access controls
• Availability: System uptime and operational performance meeting defined service levels
• Processing Integrity: Accurate, complete, and authorized processing of transactions and data
• Confidentiality: Restricted access to confidential information
• Privacy: Collection, use, retention, and disclosure of personal information in accordance with privacy commitments

We will undergo annual independent audits conducted by a leading accounting firm. SOC 2 Type II reports will be available to enterprise customers under NDA.

1.2 PCI DSS Level 1 Compliance

SaveCash is committed to achieving PCI DSS Level 1 Service Provider certification, the highest level of certification for payment card data security. We will maintain:

• End-to-end encryption of cardholder data in transit and at rest
• Network segmentation and firewall protection
• Comprehensive access controls and authentication mechanisms
• Regular security testing and vulnerability scans
• Encrypted storage and restricted data retention periods
• Quarterly external vulnerability assessments by Approved Scanning Vendors (ASVs)
• Annual on-site assessments by Qualified Security Assessors (QSAs)

1.3 ISO 27001 Information Security Management

SaveCash is working toward ISO 27001 certification, implementing internationally recognized information security management system (ISMS) standards including:

• Comprehensive risk assessments and management frameworks
• Information security policies and procedures
• Continuous improvement through regular audits and management reviews
• Employee awareness and training programs
• Business continuity and incident management procedures

1.4 Penetration Testing & Security Audits

We will conduct regular third-party penetration testing and security audits:

• Annual penetration tests by CREST-certified security firms
• Quarterly application security assessments
• Continuous vulnerability scanning and remediation
• Bug bounty program with ethical security researchers
• Red team exercises testing incident response capabilities

2. Regulatory Compliance

2.1 Bank Secrecy Act (BSA) & AML Compliance

SaveCash is committed to maintaining comprehensive anti-money laundering (AML) and Bank Secrecy Act compliance programs, including:

• Customer identification and verification (KYC) procedures
• Suspicious activity monitoring and reporting to FinCEN
• Sanctions screening against OFAC and other watchlists
• Currency transaction reporting (CTR) compliance
• Structured transaction detection and prevention
• Ongoing AML training for all relevant personnel

2.2 GDPR & EU Data Protection

SaveCash is committed to complying with the General Data Protection Regulation (GDPR) for European users and will implement:

• Lawful basis for processing personal data
• Data minimization and purpose limitation principles
• User rights including access, rectification, erasure, portability, and objection
• Data Protection Impact Assessments (DPIAs) for high-risk processing
• Cross-border data transfer safeguards (Standard Contractual Clauses)
• GDPR-mandated data breach notification procedures

2.3 CCPA & California Privacy Rights

California residents will have additional privacy rights under the California Consumer Privacy Act (CCPA):

• Right to know what personal information is collected, used, and shared
• Right to delete personal information
• Right to opt-out of the sale of personal information (SaveCash does not sell personal information)
• Right to non-discrimination for exercising privacy rights
• Transparent privacy policy disclosures

2.4 Money Transmitter Licenses

SaveCash is committed to obtaining and maintaining money transmitter licenses in all states where required. We will maintain compliance with:

• State-specific licensing requirements and annual renewals
• Surety bonds and minimum net worth requirements
• Consumer protection and disclosure obligations
• Recordkeeping and regulatory reporting
• Examinations and audits by state regulators

2.5 OFAC Sanctions Compliance

We are committed to maintaining strict compliance with Office of Foreign Assets Control (OFAC) sanctions programs, blocking transactions with sanctioned individuals, entities, or jurisdictions.

3. Operational Controls

3.1 Access Controls

Robust access management ensures only authorized personnel access systems and data:

• Multi-factor authentication (MFA) required for all system access
• Role-based access control (RBAC) with principle of least privilege
• Regular access reviews and role recertification
• Background checks for all employees and contractors
• Employee termination and offboarding procedures

3.2 Data Encryption

All sensitive data is encrypted using industry-standard algorithms:

• TLS 1.3 for data in transit with perfect forward secrecy
• AES-256 encryption for data at rest
• Key management through Hardware Security Modules (HSMs)
• Separate encryption keys for production, staging, and development environments
• Post-quantum cryptography initiatives for future-proof security

3.3 Incident Response & Business Continuity

Comprehensive incident management and business continuity programs ensure rapid response to security events:

• 24/7 security operations center (SOC) monitoring
• Defined incident response procedures and escalation paths
• Regular incident response drills and tabletop exercises
• Redundant infrastructure across multiple geographic regions
• Automated backup systems with tested disaster recovery procedures
• Regulatory breach notification processes aligned with GDPR, CCPA, and state requirements

4. Industry Standards & Frameworks

SaveCash aligns with recognized industry frameworks and best practices:

• NIST Cybersecurity Framework: Identify, protect, detect, respond, and recover from cyber threats
• OWASP Top 10: Protection against most critical web application security risks
• FIDO2/WebAuthn: Passwordless authentication standards
• FFIEC Guidelines: Banking industry security practices and risk management
• BSIMM: Building Security In Maturity Model for secure software development

5. Third-Party Due Diligence

All vendors and service providers undergo rigorous security assessments:

• Security questionnaires and risk assessments
• SOC 2 or equivalent certification requirements
• Contractual security and privacy obligations
• Continuous monitoring and periodic reassessments
• Incident notification requirements

6. Compliance Governance

SaveCash is committed to maintaining a robust compliance governance structure:

• Dedicated compliance and security teams reporting to senior management
• Board-level oversight of security and compliance risks
• Regular compliance training and certification for all employees
• External legal and compliance advisors
• Continuous improvement programs based on audit findings and industry best practices

7. Comprehensive Compliance Roadmap

7.1 Corporate & Regulatory Readiness

We are finalizing the corporate, licensing, and regulatory structures that allow SaveCash to move money on behalf of customers while staying compliant in every jurisdiction we serve.

• MSB and money-transmitter licensing roadmap with bond requirements, renewal cadences, and regulator contacts.
• Sponsor bank and treasury partnerships covering FBO accounts, fiduciary obligations, and ACH origination rights.
• Establishment of regional affiliates (e.g., SaveCash Technology Europe, Ltd. and SaveCash Payments UK, Ltd.—working titles subject to final registration) to satisfy local regulatory obligations.
• Reg E/Reg Z disclosure library, error-resolution procedures, and CFPB complaint reporting.
• Board-approved governance charters for Audit, Risk, and Compliance committees with quarterly reporting.

7.2 Privacy & Data Protection

Beyond our Privacy Policy and Privacy Center, SaveCash is building the operational muscle to meet global data-protection regimes from launch.

• Data subject request workflows (access, deletion, portability, restriction, objection) with SLA monitoring and verification steps.
• Records of Processing Activities (ROPA), DPIAs for high-risk AI decisions, and Transfer Impact Assessments for cross-border flows.
• Data retention schedules covering transactional, KYC, telemetry, and support data with automated deletion jobs.
• Localization plan for regions requiring in-country storage and appointment of EU/UK representatives.

7.3 Information Security & Certifications

Our security program roadmap aligns with SOC 2 Type II, PCI DSS Level 1, ISO 27001, and NIST CSF requirements.

• Integrated control catalog with evidence collection (access reviews, change management, secure SDLC artifacts).
• Penetration testing cadence, continuous vulnerability management, and red-team exercises validating incident response.
• Key management program using HSM-backed keys, rotation policies, and cryptographic separation by environment.
• Zero-trust networking, logging/monitoring pipelines, and 24/7 SOC coverage playbooks.

7.4 AML, Fraud & Risk Programs

• Bank Secrecy Act/AML policy with CIP, enhanced due diligence, sanctions screening, and SAR filing procedures.
• Transaction monitoring rules for structuring, velocity anomalies, and high-risk geographies with manual review queues.
• Fraud stack integrations (identity proofing, device intelligence, behavioral analytics) and loss-management playbooks.
• ACH return-code handling, chargeback resolution, and liability allocation guidelines.

7.5 Consumer Protection & Transparency

• Comprehensive disclosure suite: Terms of Service, Savings Agreement, ACH authorizations, referral rules, and marketing substantiation checks.
• Complaint intake, prioritization, and escalation runbooks tied to CFPB and state regulator expectations.
• Marketing compliance reviews to prevent UDAAP exposure and ensure promised savings outcomes are clearly qualified.

7.6 Third-Party & Vendor Risk Management

• Vendor inventory with tiering, due-diligence questionnaires, SOC report reviews, and contractual security clauses.
• Continuous monitoring for critical partners (banking, KYC, payments) including financial health checks and incident notifications.
• Sub-processor approval workflow and annual recertification timelines.

7.7 Recordkeeping, Audit & Governance

• Retention requirements (KYC 5+ years, ledger 7 years, support interactions 3 years) enforced via archival storage policies.
• Audit readiness binder for financial, SOC, PCI, and regulatory exams with issue-tracking dashboards.
• Enterprise risk register with inherent/residual scoring, mitigation owners, and quarterly risk committee review.

7.8 International Expansion Readiness

• PSD2/SCA roadmap for the EU, FINTRAC registration for Canada, and MAS/ASIC guidance tracking for APAC markets.
• Localization of customer agreements, disclosures, and support scripts for priority countries.
• Geo-fencing controls and residency requirements baked into infrastructure planning.

7.9 Training, Awareness & Culture

• Security awareness, phishing simulations, AML/KYC certifications, and role-based compliance training.
• Policy acknowledgment tracking through HRIS with automated reminders and escalation.
• Whistleblower and ethics hotline procedures to surface issues early.

7.10 Compliance Calendar & Next Steps

A living compliance calendar coordinates all obligations across teams—audits, license renewals, penetration tests, tabletop exercises, and policy reviews. Owners, evidence expectations, and due dates are tracked in our governance platform so nothing slips as we accelerate toward launch.

8. Contact Information

For compliance inquiries or to request audit reports: