The Importance of Payroll ACH Security
Cachet Financial Services has the security that matters when it comes to payroll ACH and other related ACH services. We refer to this as the Cachet Advantage with our enhanced security measures.
BONDED FOR YOUR PROTECTION
Cachet’s fifty million dollar crime bond can assist you in marketing and protecting your business. The bond provides added protection for client funds. ACH transactions are not considered insured transactions by banks through FDIC.
As an independent payroll service bureau, your customers will want to know their payroll money is insured. Working with a partner that offers bond protection means more credibility for your payroll services altogether. If you are a corporation, secure payroll is important to the entire organization as losses would affect all employees.
A crime bond equals added security. It’s something you’ll want to make sure your current ACH service provides and at Cachet, we have it.
SSAE 16 CERTIFIED
A secure online processing system maintains the integrity and confidentiality of your client’s data. Our system is as secure as any national online banking website made available to customers. Cachet has “triple hot” back up sites where all data that’s uploaded to its system is backed up on a daily basis. Individual user names and passwords are required for each staff member of your organization that has access and manages the online portal to process ACH files internally. This allows for an audit trail of all actions initiated by each staff member for tracking and security purposes.
Cachet is SSAE 16 certified. Therefore, it is standard to your ACH service and provides significant benefits to PEOs, ASOs, service bureaus and corporations. The SSAE 16 audit is performed by an independent firm to verify that Cachet’s systems and controls are secured. Third party participation allows for an enhanced and thorough audit in an effort to identify inefficiencies or areas for improvement.
Our certification assures that risk is mitigated from your first processing onward simply because you have selected Cachet as your ACH partner.
Additional Benefits
If your growth strategies as an independent payroll service bureau include expanding beyond privately held companies, then our SSAE 16 certification status can support that effort. Publicly traded organizations are required to use service providers that are SSAE 16 certified. Check!
