Punchh, the leader in loyalty and engagement solutions for physical retailers, today announced that it has successfully achieved Service Organization Control (SOC) 1 Type 2 and SOC 2 Type 2 compliance.
The American Institute of Certified Public Accountants (AICPA) designed the SOC 1 and SOC 2 reports to aid organizations in building trust and confidence with clients in its services and respective controls through an independent CPA report. Compliance with SOC 1 Type 2 and SOC 2 Type 2 demonstrates Punchh’s commitment to providing customers with fair and honest descriptions of the company’s system, sustainability of design and effectiveness of controls.
“Consumers expect that companies will uphold their systems to the highest levels of security and protection, particularly when it comes to matters of users’ data, confidentiality and privacy,” said Shyam Rao, CEO of Punchh. “While we’ve always remained steadfast in protecting consumers’ privacy, today’s announcement reaffirms this commitment and gives our customer base the added assurance of a trusted third-party review.”
To achieve SOC 1 Type 2 and SOC 2 Type 2 compliance, Punchh completed audits conducted by a third-party CPA.
This announcement marks the latest milestone in Punchh’s continued dedication to protecting its customers’ privacy and data security. To date, the company has achieved payment card industry (PCI), general data protection regulation (GDPR) and California consumer privacy act (CCPA) compliance, in addition to SOC 1 and SOC 2 compliance announced today.