Security you can rely on.
As an approved Money Services Business regulated by FINTRAC, we are held to strict regulations that require PayBud to keep you, your information and your money safe.
But we didn’t think that was enough, so we’ve gone further than that.
Regulated by FINTRAC
What is that?
Registered with FINTRAC, Canada’s Financial Intelligence Agency, we follow strict regulations to ensure every transaction is secure and compliant. It’s the same regulatory body that oversees your current Canadian bank.
How does that protect me?
FINTRAC’s oversight means we adhere to stringent rules around anti-money laundering and transaction monitoring, keeping your funds and data safe. You can trust that our processes meet* the highest standards in the industry.
*continue reading to see how we don’t just meet but we exceed.
Authenticated Security
What is that?
We use advanced biometric authentication, like fingerprint or facial recognition, to make sure only you can access your account & approve payments.
How does that protect me?
With biometric security, no one else can log into your account or make transactions on your behalf.
This layer of personalized security keeps your account & funds safe from unauthorized access, ensuring that only you have control.
Safeguarding Customer Funds
What is that?
Your funds are held securely in segregated accounts, meaning PayBud does not have operational access to your money. This structure ensures that your funds are kept separate and protected.
How does that protect me?
By keeping customer funds in segregated accounts, we ensure that your money is always safe, even in the unlikely event of business issues. This means your funds are never at risk, giving you full peace of mind when using PayBud.
Encrypted Data
What is that?
All of your sensitive data is encrypted, which means it’s transformed into a secure format that can only be read by authorized systems.
Data encryption acts like a digital lockbox, making your information unreadable to anyone who doesn’t have the key. This keeps your personal and financial data safe from hackers and unauthorized parties.
How does that protect me?
Tier 1 Technology Partners
What is that?
We work with top-tier technology providers to deliver reliable and secure payment solutions. These partners are leaders in the tech industry and bring a high standard of safety.
Partnering with industry-leading technology companies means our systems are backed by tried-and-tested security measures, protecting your transactions with the same tools used by major financial institutions worldwide.
How does that protect me?
Geolocation Security
What is that?
Our geolocation security feature ensures that transactions are only approved if your device is physically in the location of the transaction.
How does that protect me?
This helps prevent fraud by blocking transactions from locations where your device isn’t present. It ensures that no one else can make purchases on your account unless they’re in the same location as you.
No card details.
What is that?
With PayBud, there’s no need to input or store card details. All transactions are managed through our secure wallet, eliminating any risk of card data being exposed.
Without card details, there’s no sensitive information that could be leaked, stolen, or misused. This minimizes the risk of fraud and makes PayBud transactions inherently safer.
How does that protect me?
Join our Waitlist
Join our early access waitlist, to be first to know when we launch & have lifetime free access to all future premium, paid functionality. We won’t ever turn this off for you.