Last updated: October 20, 2022
YOU ARE BEING PRESENTED THIS AGREEMENT FOR ACCEPTANCE VIA Fynbos Technologies LLC. (THE “MARKETING PARTNER”). MARKETING PARTNER IS NOT THE SUPPLIER OF SERVICES DESCRIBED IN THIS AGREEMENT, THE PAYMENTS PROVIDER IDENTIFIED BELOW AND MACHNET ARE THE SUPPLIER OF SUCH SERVICES. MARKETING PARTNER DOES NOT PROVIDE ANY FINANCIAL SERVICES.
Machnet provides limited access to your Personal Information to only those employees of Machnet and its Third Party Servicers who need it to fulfill their responsibilities to provide the Services to you. Employees must adhere to our strict data protection and other policies. Employees violating these policies will be subject to disciplinary action, up to and including dismissal. We employ appropriate measures to protect your information against unauthorized access, disclosure, alteration or destruction. These may include, among others, encryption, physical access security and other appropriate technologies. Machnet continually reviews and enhances its security systems as necessary.
COLLECTION OF INFORMATION:
Machnet collects personal and non-personal information in order to offer or provide our Services to you. “Personal Information” is information that identifies, relates to, describes, is reasonably capable of being associated with or could reasonably be linked, directly or indirectly, with a particular identifiable person or household. The Personal Information collected, directly or indirectly, may include the following: your name, address, telephone number, date of birth, social security number, government-issued identification (i.e. driver’s license or passport) number, bank account information and details and debit/credit card details. We also collect information regarding your Recipient, including, but not limited to their name, address, phone number, bank account details, ID copies, location of receipt of funds and amounts received. Personal Information we collect and the sources of such Personal Information include the following:
a. We collect Personal Information when you create an account, ask our Payments Providers to send or receive money or ask us to provide other goods or services, provided by telephone, online at our Website, through paper-based forms or at various agent locations. This Personal Information may include the identities and contact information of senders and recipients of money transfers or payments, Debit/credit card, banking or other billing information, birth dates and other personal identifiers, “out of wallet” questions used to verify your identity for security and fraud prevention purposes, identification number and amounts paid or transferred.
b. We collect Personal Information when you submit Personal Information on applications or other forms to us or our Third Party Servicers, including in connection with sending and receiving money transfers carried out by our Payment Providers, through your enrollment and participation in loyalty programs and when you provide additional information we may reasonably request for fraud prevention purposes.
c. In case your mode of payment is ACH Pull, we collect information relating to your bank account such as account number and routing number which are obtained during the process of your bank account verification. Such bank account verification is completed by Machnet using the services of its Third Party Servicers.
d. In case your mode of payment is debit card, we collect information relating to your debit card for verification purposes but such information is not stored at our end.
e. We collect information about your transactions with our Payment Providers, including transaction history, such as frequency of use and amounts transferred.
f. In connection with identity verification, fraud prevention and similar security purposes, we collect and/or confirm certain identity-related information, financial background and similar information through third parties sources such as our business customers, government agencies and consumer reporting agencies;
g. We collect information regarding your online activity as described in the section below titled “INTERNET TECHNOLOGY.”
h. We may collect Personal Information otherwise with your consent or as permitted or required by law.
We processes and store Personal Information collected from you via your use of the Service or where you have given your consent, including but not limited to website, emails, survey forms, referral programs, third party services used for (but not limited to):
a. identity verification service,
b. financial background information describing financial status,
c. Identification information, such as name and address data,
d. Transaction information, such as account activity, debit activity or credit activity,
e. Other information relating to financial matters.
LOGIN USING FACEBOOK AND GOOGLE:
SHARING YOUR PERSONAL DATA WITH THIRD PARTIES:
Machnet shares your Personal Information and non-personal information with its Third Party Servicers or other third-party service providers for the following purposes:
a. To process your Transactions;
b. To verify your identity;
c. To collect payment for your use of the Service;
d. To allow our partners and Third Party Servicers to fulfill their promotional obligations to you;
e. To troubleshoot problems with the Service;
f. To comply with applicable laws, regulations, and rules, such as those relating to “know-your-customer” and anti-money laundering requirements;
g. To detect and prevent fraud and other illegal uses of the Service;
h. To send you marketing notices, service updates, and promotional offers; and
DISCLOSURE OF INFORMATION:
RECIPIENTS OF INFORMATION:
Machnet may disclose your information to its Third Party Servicers and other third party service providers. These recipients include: (a) Payment Providers, financial institutions such as banks, credit card companies, brokerage houses, and consumer reporting agencies pursuant to the Fair Credit Reporting Act (15 U.S.C. §1681 et seq.); (b) companies that process transactions or provide other services for us including, but not limited to, attorneys, accountants, and auditors; and (c) government and law enforcement agencies in general and where specifically required or permitted under the Right to Financial Privacy Act of 1978 (12 U.S.C. §3401, et seq.), to comply with federal, state, or local laws, rules, and other applicable legal requirements, as required by Title III of the federal United and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (USA Patriot Act; P.L. 107-56).
DELETION OF ACCOUNT
Upon your request for deletion of your account, we will process the request and delete your account along with all of your records and information regarding your Personal Information and transactions. In accordance with Federal and State regulations pertaining to money transfers carried out by our Payments Providers, we will retain your records in archive to adhere with record keeping obligations. We will only utilize the archive for limited purposes such as to fulfill our regulatory obligations or to adhere to any request from a regulatory body having jurisdiction over our activities.
Your rights include the right to request that we disclose what Personal Information we have collected about you in the past 12 months preceding the request. This may include: (i)specific pieces of Personal Information we have collected about you; (ii)categories of Personal Information that was collected; (iii) categories of the sources from which Personal Information was collected about you; (iv) categories of Personal Information that was sold or disclosed for business purposes about you, as applicable; (v) categories of third parties to whom the Personal Information was sold or disclosed for business purposes, as applicable; (vi) the business purposes for collecting, or selling Personal Information, as applicable.
You have the right to request that we delete the Personal Information about you that we have collected. Under California law, we are not required to comply with such a request if we are obligated to maintain the Personal Information to comply with our legal obligations, to provide you the Services, detect security incidents, or otherwise use the Personal Information in a lawful manner in relation to the purpose to which the Personal Information was provided to us.
Requests for deletion of Personal Information may be submitted to: [insert email address] or by calling [insert phone number]. We will notify you whether your request is being complied with or not. Requests for deletion may require us to verify your identity which may include the collection of other Personal Information.
We do not sell Personal Information as defined in California Law. We do not discriminate against California residents who exercise their data protection and deletion rights under California law.
Our services are prohibited for persons under the age of 18. We do not knowingly collect, use or sell Personal Information of persons under the age of 18 years old. If you believe that we have collected Personal Information of a person under the age of 18, please contact us.
LINKS TO OTHER WEBSITES:
Machnet may create links to third party websites. Machnet is not responsible for the content or privacy practices employed by websites that are linked from our website.
Fynbos Technologies LLC
30 North Gould Street Suite R
Sheridan, WY 82801
Phone: +1 (856) 249-3067