Toronto, ON (Sept. 18, 2018) – ClearPay, the Canadian leader in automating payment settlements and reconciliation for the Insurance Industry, announced today that it has completed its SOC2 Type 1 reporting certification, giving customers added assurance of its core application’s security.
“This is a major milestone for ClearPay and an attestation of our ongoing focus on data privacy and security,” said John Knotek, Chief Executive Officer of ClearPay. “We recognize the trust our customers put in us for electronic payments and related reporting movement. This certification demonstrates our continued commitment to the safety and reliability of ClearPay.”
Data protection and secure money movement are at the very core of what ClearPay does from within a cloud based environment. With the diverse nature of cloud environments and software as a service providers available in the marketplace, increasingly companies are seeking third party certifications to attest to the security, availability and confidentiality of the systems used. ClearPay earned the SOC2, Type 1 certification through an extensive review of policies and procedures implemented by ClearPay to keep data safe. The certification was obtained after an independent audit was conducted by Richter LLP, one of the largest independent accounting and consulting firms in Canada.
From day one, security has been a top priority in the design of the ClearPay application. With ClearPay on track to move over $3 billion and 90 million related data points in the next year, maintaining the integrity of our current systems and continually enhancing our operations has never been more acute.
“Over the last three years, the ClearPay team has been on a progressive path upgrading our core application and the processes and procedures necessary to deliver services in a secure and reliable manner,” continues Knotek. “The SOC2 certification now provides an independent view into our company to assure our customers that their information is safeguarded.”
ClearPay is an independent Canadian company created by professionals with years of experience in the insurance and banking industries to automate payments and account reconciliation for the insurance industry. For more information, visit clearpaycanada.com.
Source: ClearPayTags: ClearPay