PRIVACY POLICY

Payout Payments Inc. ("Payout", "Ribbon", "we", "us", "our") understands the importance of our customers’ privacy. This privacy policy will help you understand how Payout collects and maintains information.

1. Information Collection and Use

We collect information when you set up an account with us, use our Services, or communicate with us. Information provided to us can be obtained in three ways:

  • Information you provide to us directly

  • Information collected from third parties

  • Information collected through technology.

Information you provide to us directly:

Users are considered either Test Users or Production Users. Any website visitor may become a Test User. For Test Users, we collect email and IP address information about your computer. To conduct live transactions, a user must become a Production User. Test Users must complete an underwriting application to become a Production User. This application will ask you to provide the following: business and personal tax IDs, social security, company principal contact information, relevant compliance policies, financial statements, corporate structure documents, and use cases and projected volumes through the Payout platform.

Information collected from third parties:

We may collect information about you from trusted third parties. For example, we may collect information from credit bureaus, banks, or other entities with information pertaining to the services we are providing.

Information collected through technology:

We may collect information about our website visitors through cookies and our web server logs. Cookies are web browser features that allows us to recognize computers that access our website. Our web server logs collect information about visitor IP addresses and our service performance levels. We use cookies to remember visitor information and provide more customized user experiences. We use server log data to monitor and analyze our service performance so that we can optimize the speed and resilience of our service.

2. Sharing of and Disclosure of Information

We do not share your information with third parties except as necessary to provide our services.

We may share your information with our service providers and partners that are integral to the operations of our service. This may include financial institutions, card associations, and payments processors. We only provide information to third parties that are reasonably required to perform their functions.

We may disclose your information if we are required to do so under applicable law and regulatory requirements, or if we are compelled to do so by subpoena or other court processes.

In the event of a sale or transfer of our business assets, we may transfer information we have collected to our successor. We will use reasonable efforts to ensure that any transferred information is treated in a manner consistent with this Privacy Policy.

3. Children’s Privacy

The Payout website and services are available publically. Payout does not knowingly solicit or collect personal information from children under the age of 13. If Payout obtains knowledge that it has collected personal information from a child under 13, Payout will delete that information.

4. Your Choices

We are required to collect certain information to provide you services and ensure that we comply with law and regulations. If you elect not to provide the information we require, you may be limited in your access to our services.

We may occasionally send you information about new product or services that are relevant to you. You may opt out of these emails via the unsubscribe link in these communications. We may also send you emails regarding updates to our site and services, notices about your account, and transaction reports.

You may modify your account information via our online web dashboard, including account preferences and contact information.

You may set your Internet browser to block cookies. This is the only way to ensure that we may no longer place cookies on your browser. Further information on how to adjust your cookie preferences through your browser is available at the external, third-party informational website www.allaboutcookies.org. However, parts of our websites or services may not function properly if your cookies are disabled. We recommend that you leave cookies enabled.

5. Data Protection and Storage

Payout understands that it is impossible to eliminate all risks associated with its IT systems and the information stored, processed, and transmitted on them. We employ a risk management program to protect data stored and transmitted. We maintain strict administrative, technical, and physical safeguards to protect this information, including the use of SSL encryption, firewalls, and physical security. We have implemented IT infrastructure to safeguard payment cardholder data, including compliance with Payment Card Industry Standards (PCI Level 1).

6. Changes to Privacy Policy

We reserve the right to change this Privacy Policy, in our sole discretion, from time to time. We will post changes on this page and indicate the “last modified” date at the top of this page. Please check back for any updates. Your continued use of our website and services after any change in this Privacy Policy will constitute your acceptance of the latest Privacy Policy.

7. Contact

If you have any questions about our Privacy Policy or privacy-related practices, please contact us.

Last modified: May 16, 2016