Security & Compliance
Are school funds placed in an FDIC insured custodial account?
- Unlike FACTS or SMART, SchoolAdmin never holds your funds. Your funds are released to you upon clearing by the payment processor.
Are you PCI compliant?
- Stripe is a PCI DSS Level 1 compliant. Additional info: https://stripe.com/docs/security
- SchoolAdmin never sees or stores payment information. The data passes straight from the parent to Stripe. However, SchoolAdmin maintains PCI DSS compliance as part of our normal security policies.
How do you protect against a data breach?
Is payment data transmitted using encryption? If so, which protocol?
- All data transmitted to SchoolAdmin or to Stripe is done via TLS (the more secure replacement to SSL).