Key Data

• Trading Name: tabapay
• Legal Entity: TabaPay, Inc.
• Activities: Money Moving Platform
• Location: USA
• Regulations: unregulated
• Key People: Rodney Robinson/Manoj Verma

TabaPay is a prominent player in the financial technology sector, specializing in payment processing and banking-as-a-service (BaaS) solutions. With a robust framework for handling over one million transactions daily across the US and Canada, TabaPay is committed to maintaining high standards of compliance and security in all its operations.

Offering

They provide a robust suite of services including merchant acquiring, instant payments, and full-stack payment processing through a unified API. With the capability to process over one million transactions daily for more than 2,500 clients, TabaPay offers direct access to 15 banking partners and 16 network connections, ensuring efficient and secure financial transactions. Their platform is designed to support a diverse range of industries, enhancing payment operations with speed and reliability.

Regulation

TabaPay operates in strict adherence to applicable financial regulations, including:

• Bank Secrecy Act (BSA)
• Anti-Money Laundering (AML) laws
• Payment Card Industry Data Security Standard (PCI DSS)
• Consumer Financial Protection Bureau (CFPB) regulations

TabaPay’s compliance team continuously monitors regulatory updates to ensure the company’s practices remain aligned with new laws and guidelines.

Licensing

Tabapay is not a regulated entity, however, they undergo quarterly, and annual audits conducted by their sponsor banks and third-party auditors.

Data Security and Privacy

Understanding the importance of data security, TabaPay employs advanced security measures to protect the data integrity and privacy of its clients and their customers:

• Encryption: Data is encrypted in transit and at rest, using industry-standard encryption protocols.
• Access Control: Strict access controls and authentication measures are in place to limit data access to authorized personnel only.
• Regular Audits: TabaPay undergoes regular internal and external audits to assess and improve its security posture and compliance with various standards.

Risk Management TabaPay has implemented a comprehensive risk management framework that includes:

• Continuous Monitoring: Real-time monitoring of transactions to detect and prevent fraudulent activities.
• Risk Assessment: Regular risk assessments are conducted to identify potential vulnerabilities in the system and mitigate them proactively.
• Client Verification Processes: Rigorous KYC (Know Your Customer) and due diligence processes are in place to verify the identity of clients and assess their risk profiles.

Serving Industries

Customer Review

Google: 3,6 Stars with Reviews

Conclusion and Rating

TabaPay stands out as a reliable and efficient partner in the fintech sector, offering robust payment solutions for a wide range of industries. With its comprehensive services, including merchant acquiring, instant payments and full-stack processing, TabaPay offers a scalable infrastructure suitable for both small businesses and large enterprises. The inclusion of a unified API enables seamless integration with banking partners and network connections, increasing the efficiency and security of transactions. Given its performance, commitment to compliance and advanced technological capabilities, TabaPay earns a strong rating from Green!