Absolutely, all payments are made directly from the funding source of your choice to supplier’s bank accounts. This is made possible because WayPay is connected to existing banking infrastructure and is thereby held to the highest financial security standards. WayPay exceeds all Payment Card Industry (PCI) standards and is subject to annual compliance audits. WayPay utilizes enhanced encryption going above industry-standard procedures for payments to eliminate exposure of sensitive data.
WayPay’s server is hosted by the world’s’ leading cloud computing infrastructure provider which is utilized by banks, Canadian Security Intelligence Service (CSIS) and other federal agencies.
User’s information is securely encrypted in data vault, once information is deposited into the vault, it cannot be directly retrieved by WayPay’s payment application, staff, or any third party. All transactions are highly secure and insured.
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