Consent to Store Financial Information: By using our service, you consent to the storage of your financial information, including but not limited to credit card and ACH account details, in a tokenized format within our secure systems.
Security Measures: We employ industry-standard security measures to protect your financial information. However, due to the inherent risks of electronic communication and data storage, we cannot guarantee absolute security. By agreeing to these terms, you acknowledge and accept these risks.
Purpose of Storage: Your financial information is stored solely for the purpose of facilitating transactions and recurring payments related to the services provided by [Your Company Name]. We will not use your financial information for any other purpose without your explicit consent.
Third-Party Service Providers: We may engage third-party service providers to assist in processing transactions or managing our systems. These providers are contractually obligated to maintain the confidentiality and security of your financial information in accordance with applicable laws and regulations.
Compliance with Laws: We comply with all applicable laws and regulations governing the storage and processing of financial information, including but not limited to the Payment Card Industry Data Security Standard (PCI DSS) and the Electronic Fund Transfer Act (EFTA).
Data Retention: We will retain your financial information for as long as necessary to fulfill the purposes outlined in this agreement, or as required by law. Upon termination of your account or upon your request, we will securely delete or anonymize your financial information in accordance with our data retention policies.
Updates to Terms: We reserve the right to update or modify these terms at any time. We will notify you of any material changes to our storage and processing practices, and your continued use of our service following such changes constitutes your acceptance of the revised terms.