Verisync

By using Verisync's services, you acknowledge and agree to the following terms and conditions regarding the collection, storage, and sharing of your personal data.

1. Terms of Service:

Verisync may collect and process the following types of personal data, including any other pieces of data willingly submitted on our platform by you as the user:

Bank Verification Number (BVN)
National ID
Passport
Driver's License
Proof of Home Document
Live Motion Identity Test
Sanctions Lists Check
Politically Exposed Persons (PEP) Check

2. Data Storage and Sharing:

Verisync will securely store your personal data in our own secure database, employing state-of-the-art security measures to ensure its confidentiality and integrity. We also reserve the right to retain this data for as long as necessary, always ensuring its confidentiality and integrity.
Your personal data may be shared with our partner network, including third-party entities that have integrated with Verisync's services. This sharing is essential to enable identity verification and related services.
We will not share your data with any external parties outside of our partner network without your explicit consent. Additionally, Verisync retains the right to hold your information for as long as necessary to fulfill the purposes for which it was collected.

3. Data Control and Fund Transfers:

In our commitment to offering a comprehensive KYC suite and ensuring the security of financial transactions, Verisync maintains the right to access and analyze data related to fund transfers through our partners' platforms. This includes transactional data stemming from card transactions or bank transfers facilitated by our partners. We emphasize that this access is contingent on partners enabling Verisync to monitor and analyze user transactions on their respective platforms. By utilizing Verisync's services, you, as a user, provide consent for us to access and analyze this data, enhancing our ability to deliver a robust KYC solution and enabling comprehensive transaction monitoring. We prioritize the responsible handling of financial data and encourage users to review our policies for transparency on how their information is utilized and protected.

4. Sharing with New Partners:

Verisync reserves the right to share your personal data with new partners that are onboarded onto our platform. As you onboard or use Verisync's services to register or sign up with these new partners, you are also agreeing to their security standards in regards to data storage and processing. Verisync expects new partners onboarded onto our platform to adhere to strict data protection and security standards. While we strive to collaborate with partners who share our dedication to safeguarding user information, it's important to note that we cannot guarantee their compliance. We encourage users to review the security standards of each partner independently as they onboard or use Verisync's services to register or sign up with these new partners.

5. Consent and Revocation:

By using our services, you grant Verisync consent to collect, store, and share your personal data with our partner network as described above.
User's have the option to revoke or turn off access at any time within the platform or by contacting Verisync's support team. Please be aware that turning off access may impact you ability to use certain features of our services in the future.

6. Data Protection and Security:

Verisync employs robust data protection measures to safeguard your personal data. However, no data transmission over the internet is entirely secure, and Verisync cannot guarantee the absolute security of your data.

7. Privacy Policy:

For more details on how Verisync handles personal data, please refer to our Privacy Policy, which is an integral part of these Terms and Conditions.

By accepting these Terms and Conditions, you confirm that you have read and understood our data sharing and usage policies. If you do not agree with these terms, please refrain from using Verisync's services.

This Privacy Policy is designed to help you understand how Verisync collects, uses, shares, and protects your personal information. We encourage you to read this policy carefully to make informed decisions about your data.

1. Information We Collect:

Verisync may collect various types of personal information, including but not limited to:

Bank Verification Number (BVN)
National ID
Passport
Driver's License
Proof of Home Document
Live Motion Identity Test
Sanctions Lists Check
Politically Exposed Persons (PEP) Check

2. How We Use Your Information:

We use your personal information for the following purposes:

To verify your identity and provide identity verification services.
To facilitate secure onboarding and transactions with our partner network
To improve our services and develop new features.
To comply with legal and regulatory requirements.

3. Data Sharing:

Your personal information may be shared with our partner network, including third-party entities that have integrated with Verisync's services. We do not share your data with external parties outside of our partner network without your explicit consent.

4. Data Security:

Our commitment to safeguarding your data includes leveraging gold-standard encryption protocols, such as Advanced Encryption Standard (AES 256) and Transport Layer Security (TLS). These advanced encryption techniques ensure that your data is securely transmitted and stored. It's important to note that while we employ robust data protection measures, no data transmission over the Internet is entirely secure, and we cannot guarantee the absolute security of your data.

5. Consent and Revocation:

By using our services, you grant Verisync consent to collect, store, and share your personal data with our partner network as described above. You may revoke this consent at any time by contacting Verisync's support team.

6. Changes to Privacy Policy:

Verisync may update this Privacy Policy from time to time to reflect changes in our data practices. We will notify you of any significant updates through our website or other appropriate channels.

7. Contact Us:

If you have questions or concerns regarding your personal information or this Privacy Policy, please contact us at [email protected].

8. Effective Date:

This Privacy Policy is effective as of 01/01/2024 and applies to all data collected from that date onward.

By using our services, you indicate your understanding and acceptance of this Privacy Policy. If you do not agree with this policy, please refrain from using Verisync's services.

Acceptable Use Policy

This Acceptable Use Policy (the "Policy") outlines the acceptable and prohibited behaviors when using Verisync's services (the "Services"). By using our Services, you agree to abide by this Policy. Failure to comply with this Policy may result in the suspension or termination of your access to the Services.

1. Prohibited Activities:

You may not use the Services for any of the following activities:

a. Unauthorized Access:

Attempting to access, interfere with, or disrupt any part of the Services or our systems without proper authorization. This includes hacking into someone else's account, attempting to guess passwords, or using any other means to access accounts that are not your own.

b. Data Breach

Attempting to breach the security or privacy of our systems or those of our partners.

c. Harmful Content:

Posting, sharing, or transmitting any content that is unlawful, harmful, threatening, abusive, defamatory, harassing, or otherwise objectionable.

d. Malware and Phishing:

Distributing malware, viruses, or other malicious software or engaging in phishing or any other fraudulent activity.

e. Spam and Unsolicited Communications:

Sending unsolicited communications or spam, including but not limited to bulk emails, promotional messages, or other unwanted communications.

f. Violation of Privacy:

Violating the privacy rights of others or sharing personal information without proper consent.

2. Compliance with Laws:

You must comply with all applicable local, national, and international laws and regulations when using the Services.

3. Reporting Violations:

If you believe someone has violated this Policy or engaged in inappropriate behavior while using our Services, please report it to us immediately at [email protected].

4. Consequences of Non-Compliance:

YFailure to comply with this Policy may result in the suspension or termination of your access to the Services. In severe cases, legal action may be pursued.

5. Policy Updates:

Verisync reserves the right to update and modify this Policy at any time. We will notify you of significant changes through our website or other appropriate channels.

6. Contact Us:

If you have any questions or concerns regarding this Policy, please contact us at [email protected]

7. Effective Date:

This Acceptable Use Policy is effective as of 01/01/2024 and applies to all users of the Services from that date onward.

By using our Services, you acknowledge that you have read, understood, and agreed to abide by this Acceptable Use Policy. If you do not agree with this policy, please refrain from using Verisync's Services.