Updated: May 04, 2021
Zūm Rails is a financial interaction tool that helps streamline digital transactions between multiple payment rails to ensure you the client has the simplest and most secure experience with your chosen business.
The purpose of this Policy is to provide a direct and straightforward explanation of the information Zūm Rails collects from and about end users (“End User Information”), and how we use and share that information. We value transparency and want to provide you with a clear and concise description of how we treat your End User Information.
Please note that this Policy only covers the information that Zūm Rails, uses, collects and shares. It does not expand on what developers do with any End User Information we provide to them (or any other information they may collect about you separately from Zūm Rails). This Policy also does not cover any websites, products, or services provided by others.
“Personal Data” means data that allows someone to identify or contact you, including, for example, your name, address, telephone number, e-mail address, as well as any other non-public information about you that is associated with or linked to any of the foregoing data from one of our data aggregation partners. “Anonymous Data” means data that is not associated with or linked to your Personal Data; Anonymous Data does not, by itself, permit the identification of individual persons. This includes financial interactions that occur on the Zūm Rails platform. You can browse our website without telling us who you’re or revealing any Personal Data about yourself. However, once you have given us your Personal Data, we may collect and store this information.
We may collect and store the following Personal Data:
The information Zūm Rails receives from the financial product and service providers that maintain your financial accounts varies depending on a number of factors, including without limitation, the specific services developers use, as well as the information made available by your bank. In general, Zūm Rails collects the following types of identifiers, commercial information through our partners, and other personal information from your financial product and service providers:
The data collected from your financial accounts includes information from all accounts (e.g. checking, savings, and credit card) accessible through a single set of account credentials.
Zūm Rails will store transactional data that takes place on our platform for better understanding of the risks and modelling of payments on our rails. Your transactional data will be used anonymously to help structure new products for Zūm Rails.
We also receive identifiers and commercial information about you directly from the relevant developer or other third parties, including our service providers, bank partners, and identity verification services. For example, developers may provide information such as your full name, e-mail address, phone number, or information about your financial accounts and account transactions, and our bank partners or service providers may provide information such as the status of a transaction you have initiated.
In the event of an insolvency, bankruptcy or receivership, your Personal Data may also be transferred as a business asset.
Our primary purpose in collecting Personal Data is to provide you with a safe, smooth, efficient, and customized experience when purchasing software through Zūm Rails.
In general, you can visit the Zūm Rails websites without telling us who you are or submitting any information about who you are. We collect the IP (Internet protocol) addresses of all visitors to our websites and other related information such as page requests, browser type, operating system and average time spent on our website. We use this information to help us understand our website activity and to monitor and improve our websites.
Cookies, web beacons, pixel tags or other technologies may be used by Zūm Rails on the websites governed by this Policy. Cookies are small text files that are stored in a computer’s browser directory. They help site providers with things like understanding how people use a site, remembering a user’s login details, and storing site preferences.
Zūm Rails data aggregations partners retain End User Information for no longer than necessary to fulfill the purposes for which it was collected and used, as described in this Policy, unless a longer retention period is required or permitted under applicable law. As permitted under applicable law, even after you may stop using an application or terminate your account with one or more developer, the data aggregation partner may still retain your information (for example, if you still have an account with another developer). However, your information will only be processed as required by law or in accordance with this Policy.
Please refer to the “Your Data Protection Rights” section for options that may be available to you, including the right to request deletion of End User Information. You can also contact us about our data retention practices using the contact information below.
Under applicable law, and subject to limitations and exceptions provided by law, if you are located in the EEA or UK, and in certain other jurisdictions, you may have certain rights in relation to the End User Information collected about you and how it is used, including the right to:
Under the California Consumer Privacy Act (“CCPA”), and subject to certain limitations and exceptions, if you are a California resident, you may have the following rights with respect to End User Information we have collected about you that constitutes personal information under the CCPA:
To exercise your access or deletion rights, where applicable, you can submit a request using our online form (available here). You can also contact us as described in the “Contacting Plaid” section below to exercise any of your data protection rights, where applicable. You may be required to provide additional information necessary to confirm your identity before we can respond to your request.
We will consider all such requests and provide our response within a reasonable period of time (and within any time period required by applicable law). Please note, however, that certain information may be exempt from such requests, for example if we need to keep the information to comply with our own legal obligations or to establish, exercise, or defend legal claims.
Zūm Rails takes the protection of customer data extremely seriously. Industry standard technical measures and procedures are in place to prevent unauthorized or unlawful access to data and against accidental loss or destruction of, or damage to, data.
These measures include industry-standard encryption, physical access security, secured networks and servers, anti-virus protection, vulnerability scans, firewalls, intrusion detections, defence monitoring and other appropriate technology.
Strict internal procedures and control mechanisms require that individuals’ access to information is controlled according to job responsibility and legitimate “need to know”. To the degree reasonably possible, access controls are narrowly defined in order to restrict information access to that which is necessary and consistent with the respective job function(s) of our personnel.
Any suspected attempt to breach our policies and procedures, or to engage in any type of unauthorized action involving our information systems, is regarded as potential criminal activity. All suspected computer mischief will be reported to the appropriate authorities.
If you want Zūm Rails to delete your personal information, just let us know at email@example.com If Zūm Rails request us to delete your information, Zūm Rails will nonetheless preserve:
Zūm Rails may make changes to this Policy from time to time. Any changes will be reflected on this page. Contacting Zūm Rails
If you have any questions or complaints about this Policy, or about our privacy practices generally, you can contact us firstname.lastname@example.org