Transcepta Security Provisions
Transcepta has established the following security provisions to ensure that our solutions are secure for our customers.
Vendor Print Security
When Vendors print invoices, they are transmitted to the Transcepta data center using the secure http protocol. The Transcepta data center will only accept print files from print driver interfaces that we have deployed, which prohibits others from submitting invoices as unauthorized Transcepta Vendors. Furthermore, Transcepta builds business rules for each approved and provisioned Vendor, so even if someone could send an invoice to Transcepta, it would immediately be routed to an exceptions queue, as there would be no valid business rule to manage the invoice delivery process.
Vendor Portal Security
When Transcepta sets up a Vendor, they are given login credentials for their secure Vendor portal. After logging into this portal, administrators can configure user accounts, including de-authorizing Vendor employees when they leave the company or no longer perform a qualifying job within Vendor’s company. Furthermore, Transcepta qualifies Vendors at setup to make sure they are a legal and viable company and in good business standing.
Vendor to Buyer Matching
Transcepta only allows payments to be sent to Vendors who are (1) configured as Transcepta authorized Vendors, and (2) matched via the invoice that is being paid. This minimizes both invoice and payment fraud, by ensuring that the process happens end-to-end through the Transcepta system.
Transcepta Physical Security
The Transcepta solution is hosted in a secure, fault-tolerant data center with strong and tested physical security. Specifics will be provided on request from customers.
Email Package Security
At each Vendor’s discretion, email messages may be digitally signed. Furthermore, PDF attachments can be encrypted with a password or PIN, which is a shared key between the Vendor and their Buyer customer.
No Funds Possession
Transcepta never takes possession of the funds to be transferred. Our backend payment network facilitates a debit of the Buyer’s bank, and credits the Vendor’s bank. This also minimizes the potential for funds misuse or redirection.
Notifications and Reports
Finally, both Vendors and Buyers are notified of all transactions. They can login to their respective portals to see status of transactions, and they can download reports of activity. This serves both to increase confidence and to provide an audit mechanism.
More Information
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