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Payment Data Security Policy 

 

At Yugalinks Global Connect Pvt Ltd, we prioritize the security of our users' payment data. This Payment Data Security Policy outlines the measures we employ to protect payment information and maintain compliance with the Payment Card Industry Data Security Standard (PCI DSS) and other relevant regulations. 

 

Policy Commitment

We are committed to safeguarding payment data through robust security measures, ensuring confidentiality, integrity, and secure processing across our platform.

Scope of the Policy

This policy applies to all payment data collected, stored, and processed by Yugalinks Global Connect Pvt Ltd, including information from buyers, sellers, and third-party payment service providers.

Payment Data Collection and Use

  • We only collect essential payment information required for transaction processing.
  • Payment data is used solely for order processing, transaction verification, refunds, and compliance with legal obligations.

Payment Data Encryption

  • All payment data is encrypted using industry-standard encryption protocols (AES-256) during storage and transmission.
  • Secure Socket Layer (SSL) and Transport Layer Security (TLS) protocols are used to protect payment data in transit.

PCI DSS Compliance

  • We comply with PCI DSS requirements to ensure the secure handling of credit card information.
  • Regular audits and assessments are conducted to maintain compliance with these security standards.

Secure Payment Processing

  • Payment transactions are processed through PCI DSS-certified third-party payment gateways.
  • Sensitive payment information is not stored on our servers.
  • Tokenization techniques are used to replace sensitive payment details with unique identifiers.

Access Control and Authorization

  • Payment data access is restricted to authorized personnel only.
  • Role-based access controls (RBAC) and multi-factor authentication (MFA) are implemented to limit exposure.

Fraud Prevention and Monitoring

  • Advanced fraud detection systems monitor transactions in real-time to identify and prevent suspicious activity.
  • Users are notified immediately in case of unusual payment activities.

Data Retention and Disposal

  • Payment data is retained only for the duration necessary to fulfill legal and business obligations.
  • Secure deletion methods are used to dispose of payment data when no longer required.

User Rights and Protection

  • Users can request access to their payment data and update or delete their information as permitted by law.
  • We provide transparent communication on how payment information is handled and secured.

Incident Response and Breach Notification

  • In case of a payment data breach, we will promptly investigate and mitigate the issue.
  • Affected users and relevant authorities will be notified in compliance with legal requirements.

Policy Review and Updates

This policy is reviewed and updated annually to reflect changes in technology, business processes, and legal requirements.