Bank-Level Security Systems
To ensure that your personal and financial information is safe and secure, Place utilizes the same state-of-the-art fraud protection technologies and practices as major banks. Place’s parent company, i3 Verticals is fully PCI compliant and is a registered ISO of Deutsche Bank, Wells Fargo Bank, and RBS Worldpay.
Place uses 256-bit SSL encryption to store and secure all sensitive information passing between your computer and placepay.com. Once on the server, information like passwords, credit cards, and bank account details is encrypted with AES encryption and is only accessible to you. Employees of the company have no access to sensitive information that could be used maliciously. All security passwords, certificates, and keys are updated on a regular schedule, and all sensitive information is isolated from all database backups.
Fraud Detection and Reporting
Place is configured to detect any anomalies or abnormalities in payment amounts and user growth. If detected, Place will send a request for review before proceeding. If you suspect unauthorized use of your account or notice unidentified transactions, contact us immediately.
Maintenance and Innovation
Place’s security systems are tested and updated continuously, along with additional rigorous testing before the release of each new software update. Place’s engineers are kept informed regarding new developments in online-banking-security worldwide and add small additions/improvements to Place’s security systems on a regular basis.