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In today's world, not a week goes by without someone disclosing that confidential, consumer data has been lost or stolen.
The e-Funds for Schools development team is keenly aware of the importance in building and maintaining a safe data processing facility.
To properly manage a safe payment processing enviroment, e-Funds for Schools has developed a Risk Assessment Team that routinely analyzes threats and the impact the threat could result in.
This process is known as Risk Assessment and is a key security element in any payment service provider.
e-Funds for Schools, powered by Magic-Wrighter, has a formal Risk Assessment program which continually reviews its payment services.
An Annual Risk Assessment report is provided to the company's Board of Directors for their review. The report is also made available to the company's third party audit firms and government regulators.
Risk Assessment audits should be provided by any payment service provider the school is considering. |