How does Truv keep my banking information secure?
Truv prioritizes the security of your banking information, whether your financial institution uses an OAuth or non-OAuth connection.
Here's how your data is protected:
- OAuth Connections (Majority of Financial Institutions):
- Direct Bank Login: You log in directly through your financial institution's secure website, not Truv's.
- No Credential Storage: Truv never receives or stores your banking login information.
- Industry Standard: OAuth is the same secure technology used by major companies like Google, Apple, and Facebook.
- Non-OAuth Connections (Smaller Banks & Credit Unions):
- Encrypted Credentials: Your login credentials are encrypted using bank-grade security.
- Temporary Storage: Your credentials are never stored permanently by Truv.
Additional Security Measures for Both Connection Types:
- Bank-Level Security: Both connection types utilize the same encryption and security standards that safeguard your regular online banking activities.
- Read-Only Access: Truv can only view your account information. They cannot make transactions, transfers, or any changes to your accounts.
- Limited Data Access: You control what information Truv can access and for how long. The connection is temporary and specific to your application.
- Industry Standards: Truv adheres to the same security protocols used by major financial institutions and undergoes regular audits to ensure compliance with banking regulations.