PhotonPay has recently fulfilled the requirements for a SOC 2 Type I audit, complementing its existing certifications under ISO 27001 and PCI DSS Level 1.

This audit was performed according to standards outlined by the American Institute of Certified Public Accountants (AICPA). A SOC 2 Type I assessment focuses on verifying that an organization’s systems and controls are adequately designed to meet certain criteria related to security, availability, and confidentiality as of a specific date. By obtaining this certification, PhotonPay strengthens the assurance provided to its clients and partners regarding data management practices.

Enhancing Security Frameworks

The SOC 2 Type I certification is part of PhotonPay’s broader suite of security standards, which also includes ISO 27001 for managing data security and PCI DSS Level 1 for protecting payment card information. These certifications collectively address various aspects of security management essential for handling sensitive financial data across multiple jurisdictions.

Data both at rest and in transit is protected through encryption methods. Additionally, an AI-driven risk engine monitors for potential fraud throughout the payment process. Given that cross-border payment infrastructure providers must adhere to internationally recognized standards, this certification holds particular importance for institutional clients, regulated partners, and enterprise customers who often demand documented evidence of control frameworks before engaging with a service provider.

Future Steps: SOC 2 Type II

Looking ahead, PhotonPay plans to conduct a SOC 2 Type II audit. Unlike the Type I assessment, which evaluates the design of controls at one point in time, a Type II audit assesses the operational effectiveness of these controls over an extended period, usually ranging from six to twelve months. Completion of this audit will offer a more comprehensive basis for third-party assurance.

These compliance efforts align with industry trends where increasing regulatory oversight and stringent procurement standards compel service providers to adopt layered certification programs. For fintechs and payment infrastructure firms operating globally, staying aligned with frameworks such as SOC 2, ISO 27001, and PCI DSS is now a practical necessity for market access and successful integration of partnerships.