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KNOW YOUR RIGHTS
MODERN PAYMENTS values your trust and respects your expectation of privacy. As such, we are committed to maintaining the confidentiality of your personal financial information. This document outlines our privacy policy for consumers who use our products such as (MP Transact, Pay Forward, etc).
OUR COLLECTION AND USE OF INFORMATION
We may collect non-public personal information about you in order to understand your needs, administer our business, process transactions and provide you with products and services. We obtain non-public personal information about you from the following sources:
- Information we receive from you or your creditors on applications or other forms (such as your name, address, and account information);
- Information about your transactions with us, our affiliates or others (such as your account balance, payment history, parties to transactions and credit usage); and
- Information we receive from a consumer reporting agency (such as your creditworthiness and credit history).
OUR DISCLOSURE OF INFORMATION
We may disclose all of the information we collect, as described above, to other financial institutions with whom we have business agreements (such as credit card processors, ACH processing banks, card issuers), so that they can assist us in completeing services offered to you. We also may disclose:
- Information regarding our experience and transactions with you with financial service providers, (such as financial institutions, securities broker-dealers and insurance agents), with which we are related by common ownership or affiliated by corporate control, so that they may offer or provide additional services to you. We also may share other information we obtain about you with those companies (e.g., information from applications and credit reports), unless you notify us before the information is initially communicated that you do not want us to share that information. You can tell us not to share such information by calling us at 1-877-729-8325.
- Information about your accounts and transactions: (a) where it is necessary or helpful to effect, process or confirm your transactions; (b) to verify the existence, history and condition of your account for credit reporting agencies; (c) to comply with legal process, such as subpoenas and court orders; (d) to law enforcement authorities if we believe a crime has been committed; (e) if you give us your consent; and (f) as otherwise permitted by law. We do not disclose non-public personal information about our current or former customers to unaffiliated third parties except as set forth in this policy.
STATE RIGHTS
Depending on where you live, you may have additional privacy protections under some state laws. For example, certain state laws may restrict the types of information we may disclose about you, limit the parties with whom we may share such information, or require us to provide you with additional notices or opt-out rights. We will comply with applicable state laws before sharing non-public personal information about you. We may do this by sending a separate notice of those rights to you.
MAINTAINING ACCURATE INFORMATION
We have procedures in place that help us to maintain the accuracy of the personally identifiable information that we collect. Please call us at 1-877-729-8325, if you believe that our information about you is incomplete, out-of-date, or incorrect. If you are an online customer, visit our Web site at https://secure.modpay.com/admin/login.cfm to review and correct information about yourself, such as a change in your name, address or e-mail address.
INFORMATION SECURITY
We restrict access to non-public personal information about you to those employees who have a need to know such information (e.g., to process your transactions or provide services to you). We maintain physical, electronic and procedural safeguards that comply with federal standards to guard your non-public personal information. See our security policy page for more information.
CHANGES TO THIS POLICY
We may amend (add to, delete or change) the terms of this Privacy Policy from time to time. If required by law, we will provide you with a notice of the change.
QUESTIONS?
If you have any questions regarding this Policy, you can call us at 1-877-729-8325 and ask to speak with an account manager.
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