How We Obtain Personal Customer Information: This policy principally governs how Networld Online uses non-public personal customer information. Non-public personal information is defined in applicable law and generally means financial information that is identified with you that is not obtainable from a public source. We obtain personal customer information primarily from when you open an account with us, submit a credit or account application, or provide information to us over the phone or via our Website.We may also obtain such information from other sources, such as credit reporting agencies or references. We also maintain personal customer information resulting from your experience and transactions with us.
In the conduct of our business, we collect and maintain various types of information about our customers, including:
··> Identification information, such as account number, password, address, phone number and PIN code.
·> ·Information regarding your creditworthiness, that you provide us when applying for an account (Business accounts only).
·> ·Account activity information, such as balances and transaction history.
How We Use Your Personal Information: We use your personal information only for legitimate business purposes in a manner consistent with business practices and in compliance with applicable laws and regulations. The following summarizes the principal ways in which Networld Online uses such information:
··> To protect the security of your account. As an example, we use your personal information for identification purposes to prevent unauthorized people from accessing your account.
··> To conduct our business in a safe and sound manner. For example, we use information gathered in applications to insure we operate in a prudent manner consistent with the requirements of Federal regulations.
·> To satisfy legal requirements. For example, we use your Social Security or EIN number for federal income tax reporting purposes.
Sharing Personal Information with Unaffiliated Third Parties: At times we disclose your personal information to companies or entities that are not affiliated with Networld Online, such as in the following circumstances:
·Third Party Services We may provide your personal information, on a confidential basis, to companies that provide services to Networld Online. For example, to a data processing company that provides us with account or billing maintenance and statement printing services, companies that assist us in collecting payments or marketing companies that market Networld Online products and services on our behalf.All third party service providers agree to maintain the confidentiality of any information that is shared, and to use the information only for the specific purposes identified in the agreement between Networld Online and the third party.
·Joint Marketing Programs We may share your personal information with another organization with which we establish a joint marketing relationship. For example, we may enter into a joint marketing agreement with a financial institution that will enable you to obtain services that are not available from Networld Online, such as credit cards.
·Legal Requirements We are sometimes required to disclose your personal information in order to comply with subpoenas, court orders, and legal reporting requirements, such as payment reporting to the IRS.
·Credit Reporting Agencies We may disclose information relating to our experience with you to credit reporting agencies or similar organizations.
·Written Consent We may disclose your personal information with your written consent, including when you give someone power of attorney or other authorization to act on your behalf.
·Business Transfers We may disclose your personal information in connection with a transfer of accounts or a line of business to another company.
·Fraud and Unauthorized Transactions We may disclose personal information to protect Networld Online and your account against fraud and unauthorized transactions; to comply with credit card company rules and regulations; to resolve customer disputes; and as necessary, to Networld Online's regulators, attorneys, accountants and auditors.
·Regulators/Auditors/Consultants Networld Online regularly hires independent auditors to analyze our operations, and regulatory agencies examine Networld Online's records as required by law. As we design or improve our products or services, Networld Online may also hire consultants to provide us with technical expertise. Your personal information may be shared with auditors, bank examiners, or consultants strictly on a confidential basis.
·Account Number/Access Code - In no event will Networld Online share your account number or access code with an unaffiliated third party for any marketing purpose without your authorization.
·Website For customers and applicants using Networld Online's Website, all visitor information is collected along with any information that you volunteer while using our Website.
·Links to or from Networld Online's Website Networld Online is not responsible for information practices employed by Websites linked with our Website.Generally, links to non-Networld Online Websites are provided solely as pointers to information on topics that may be useful to users of Networld Online's Website.
·Encrypted Information All appropriate information provided on Networld Online's Website is encrypted or scrambled in order to secure information.
Accuracy of Customer Information We know it is imperative that the information we maintain about your account with us is as accurate as possible. We maintain internal controls to help ensure the accuracy of such information. If you believe that any such information is inaccurate or incomplete, please contact us and we will take appropriate action to correct or amend our records if we determine that they are inaccurate.