Security

Bitflow Technology Inc. - Security Policy

At Bitflow Technology Inc. (R.U.C. No. 155771030), we prioritize the safety, security, and integrity of our payment processing systems. We employ advanced security measures to protect transactions, prevent fraud, and ensure compliance with global financial and data protection standards.

1. Secure Payment Processing

• No transmission of sensitive account details: Customer bank account numbers and credit card details are never transmitted over the open Internet.
• Automated and encrypted transactions: Payments are processed via secure, automated funds transfer between the merchant's bank and Bitflow’s bank, ensuring direct involvement of financial institutions without exposure to unauthorized networks.
• Customer-controlled authorization: All payments require explicit authorization by the customer, and sensitive financial information remains secured by the customer’s bank’s protection measures.

2. Digital Authorization & User Control

• No unauthorized access to funds: Bitflow cannot initiate withdrawals from a user’s financial institution without explicit, verifiable authorization from the account holder.
• Secure funding mechanism: Users deposit funds into their Bitflow account, and payments to merchants occur only when explicitly authorized by the user.
• No unauthorized deductions: Additional funds cannot be removed from a Bitflow account without the account holder’s approval.

3. Pre-Verified Funds & Fraud Prevention

• Real-time transaction validation: Each payment undergoes instant verification to confirm available funds before processing.
• Reduced chargeback risk: Transactions are processed from pre-verified funds, minimizing fraud risks and effectively eliminating chargebacks.
• No merchant reserves required: Because payments are guaranteed by the banking process, merchants are often not required to maintain reserves or collateral.

4. No Data Exposure = No Data Theft

• Bank-level security & firewall protection: Financial data remains protected behind bank-grade firewalls, eliminating exposure to unauthorized access or cyber threats.
• Digital records only: No paper statements are issued, eliminating risks associated with mail fraud.
• Comprehensive audit logs: Bitflow maintains detailed transaction logs to detect, investigate, and prevent suspicious activity.

5. End-to-End Encryption & Multi-Layered Security

We implement industry-leading encryption and layered security measures, including:

• 256-bit SSL encryption for all data transmissions.
• Multi-factor authentication (MFA) for account access.
• AI-driven fraud detection systems to identify and block suspicious activities.
• Device fingerprinting and IP monitoring to detect unauthorized access attempts.

6. Compliance & Regulatory Standards

Bitflow Technology Inc. complies with::

• Payment Card Industry Data Security Standard (PCI DSS)
• Panama’s Law 81 of 2019 (Personal Data Protection Law)
• Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements applicable to our operations
• General Data Protection Regulation (GDPR), where applicable to our customers

7. Continuous

• Regular security assessments: We conduct frequent security audits and vulnerability testing to ensure system integrity.
• Daily transaction reconciliation: At the end of each business day, all merchant and customer transactions are reconciled to maintain accuracy, transparency, and financial integrity.