How does Procore Pay securely store and protect my data?

At Procore, Procore Pay data security is paramount and your Procore Pay data is stored in secure databases. In addition to encrypting stored data, Procore uses industry-leading, bank-grade technology to shield data during transmission. As part of our commitment to payment security, Procore maintains strict confidentiality regarding the location of Procore Pay databases and our specific security systems. Our proactive approach includes regular system updates and rigorous vulnerability checks to prevent potential security threats.

When using Procore Pay:

• Confidential payment information stays private. As a payor, access to Procore Pay is guarded by Role-Based Access Controls (RBACs). In addition, Procore Pay users verify identities using Multi-Factor Authentication (MFA), not only when logging into Procore Pay, but also before performing payment transactions. This complies with industry-standard regulations and reduces the likelihood of unauthorized access to sensitive information.

• Payees actively and securely manage their own bank account information to enhance transaction safety. By self-administering their bank account details through their free or paid Procore account (see Add a Bank Account as a Payee), payees securely empower Procore Pay to transmit invoice payments to their provided bank accounts. 

• Procore collaborates with industry-trusted fintech partners employing embedded finance tools to optimize financial operations. This proactive approach helps Procore efficiently manage compliance risks and potential fraud. These advanced embedded finance programs significantly enhance Procore's operational efficiency and streamline compliance reporting and auditing procedures. It also bolsters Procore's ability to detect potential issues and make informed decisions, to ensure secure financial operations.

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