The DepositNow Privacy Policy, Updated: January 28, 2008
This privacy statement discloses the privacy practices for
services provided by DepositNow, a registered product of BServ,
Inc. Our customers' information is important to us, and we
are committed to maintaining professional standards of confidentiality.
Our privacy policy below discusses the types of information
we collect, how we use it, and under what circumstances, if
any, that we might disclose it.
Information Collection and Use
DepositNow collects only the information needed to administer
our business and to provide customers with our products and
services. We will not give, sell, share or rent this information
to others, except as disclosed in this statement.
Customer Profile Information
A Customer may choose to provide the information requested
on an application form that may be electronic or paper. A
Customer will be asked to provide profile information, which
may include information on contacts, business name, principal's
name, expected transaction volumes, business financial data,
bank accounts, addresses, URL's, telephone numbers, and email
addresses. This information is used to contact the Customer
about the services and to set the Customer up for the requested
services. DepositNow will not give, sell, share or rent this
information to others. DepositNow, may however, validate this
information, or request additional information from credit
bureaus or other third parties, to assist us in underwriting
the Customer. Information obtained from third parties is kept
confidential under the terms of the agreements with those
third parties.
Data Access
All data access is based on a need-to-know basis. The secure
protected area of our Web services site(s) may allow our customers,
using a unique username and password, to access account information
and transaction reporting, and to initiate or process transactions
directly from the Web site, depending on their entitlements
and account setup. Only employees who need information to
perform a specific job (such as our customer service representatives)
are granted access to personally identifiable information.
Every quarter, as well as any time new policies are added,
our employees are notified and/or reminded about the importance
we place on privacy, and the steps they should take to protect
our customers information.
Sharing
When we partner with another party to provide specific services,
and a customer signs up for those services, we share only
the contact information that is necessary for the third party
to provide such services. Third parties are not authorized
to use personally identifiable information except for the
purpose of providing those services.
Links
Some of our Web sites may contain links to other sites. DepositNow
is not responsible for the privacy practices of such other
sites. We encourage our users to be aware that they are leaving
our site and to read the privacy statements of each Web site
that collects personally identifiable information. This privacy
statement applies solely to information collected by DepositNow
through the DepositNow Web sites.
Supplementation of Information
DepositNow is committed to using state-of-the-art technology,
methodology, and services to protect customers, consumers
and DepositNow itself from credit risks, fraud and operational
compromise. In addition to collecting and archiving application
and transaction data from customers and consumers, DepositNow
also retrieves supplemental data from third parties to facilitate
credit and operational decisions and monitoring. These third
parties may include national and regional consumer and business
credit bureaus, check verification services, address verification
services and other third party transaction processors. Once
the information is retrieved from third parties, it is archived
in a secure environment. This data may be used to build proprietary
databases or to develop statistically based credit, fraud
or marketing models.
Notification of Changes
If we decide to change our privacy policy, we will post those
changes on this page so our customers are advised of what
information we collect, how we use it, and under what circumstances,
if any, we disclose it.
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Copyright 2008 DepositNow. DepositNow is a registered trademark of BankServ, Inc.
BankServ complies with all regulations of the the FDIC, OCC, OTS, FFIEC and
the Federal Reserve Bank.
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