Security & Regulation
Meridian and our partners take security and compliance extremely seriously. It’s paramount to protect both our clients and ourselves. We're partnered with some of the world’s leading FCA regulated financial technology (FinTech) companies. They invest heavily into maintaining advanced levels of security throughout their entire infrastructures.
When funds are posted to your account, in line with regulatory requirements, the regulated (payment/e-money) institutions who we work with safeguard your funds. This means that the funds shown in your payment account or e-wallet are held at reputable banks or covered by an insurance policy, and most importantly, are protected for you in the event of our partner (e-money/payment) institutions’, or our, insolvency. Our partners stop safeguarding your funds when the money has been paid out of your account to your beneficiary’s account. If you require a breakdown of the exact amounts of funds you have safeguarded at each of our (e-money/payments partners) at a particular point in time, please do not hesitate to contact us.
The Currency Cloud Limited is authorised and regulated by the Financial Conduct Authority (FCA) as an Electronic Money Institution (Ref. Number: 900199, click here for further information). Our partner Currencycloud has been acquired by Visa Inc. They transact over $2 billion a month on behalf of over 100,000 clients. We chose to partner with them because of their deep levels of liquidity, seamless operational capabilities and strict security measures; resulting in a quick, secure and efficient service.
Currencycloud’s key statistics include:
Fully FCA Regulated
Transacted $24bn In the last 12 months
Over 100K Clients
Over 20K Payments Per Day
ADVANCED CLOUD TECHNOLOGIES
Production environments hosted using advanced cloud technologies.
Safeguarding Arrangements
Funds are safeguarded by our FCA-regulated e-money partners at a credit institution.
Strict security controls
Two-factor authentication, IP restriction, & real-time intrusion detection systems.
Dual levels of authority
Divide up users’ roles & online permissions.
ROBUST INTERNAL RISK MANAGEMENT
Strict governance & operational processes to scrutinise the accuracy of all transactions.
ADVANCED CLOUD TECHNOLOGIES
Production environments hosted using advanced cloud technologies.
Safeguarding Arrangements
Funds are safeguarded by our FCA-regulated e-money partners at a credit institution.
If you need further information about security, then please just ask and we will be happy to assist. Please also see a link to our security statement below
SECURITY STATEMENT