Effective Date: May 28th, 2018
Collection of Personal Information
We use reasonable measures to maintain the security of your Personal Information. However, no company, organization, or online community, including the Company or the App, can fully eliminate security risks associated with personal information.
In order to create an account with SQRL, we require information to verify your identity as a part of the registration process including:
In some instances, for as identity verification, we may also collect proof of identity documents. Examples of such documents include a Government State I.D., Driver’s License, or a Passport.
Information that you provide to the Company when interacting with our customer support team or other team members via phone, email, online form, or other correspondence.
Personal testimonial information or endorsements that you voluntarily provide to us and which we may display with your name on the App with your consent.
Upon receiving a request to delete your account information, we will immediately disconnect all connections to your bank accounts, along with all personal information that you have provided upon the registration for your account. This means that the account account information that you have provided is no longer retrievable and that you will have to create a new account in the event that, subsequent to your request to delete the account, you elect to again register for the App.
We also collect the following information from your device when you use the Services, including your mobile device when you use our mobile application: your IP address, the type of device you use, your device identifier, your operating system version, the type of browser you use, your location, and the URL that you came from and the next URL that you visit.
We use mobile analytics software to allow us to better understand the functionality of our mobile application. This software may record information such as how often you use the application, the events that occur within the application, aggregated usage, performance data, and where the application was downloaded from. We may combine this automatically collected log information with other information we collect about you to provide and improve the Services.
Please note that Anonymous Data are used to gather general statistics regarding our customers and visitors to enhance the consumer experience on the App. We may also use demographic data in a manner that does not identify you specifically but does identify certain criteria about our users in general. For example, we may inform third parties about the number of registered users, number of unique visitors, and the pages most frequently browsed.
Certain financial information, all of which is encrypted by the App or the third parties with which we collaborate, that is necessary to transfer funds between your bank accounts.
We do not read your savings account balance. Therefore, the amount shown as money saved in the App may not be reflective of the money in your account. This information simply reflects the money that you have saved from SQRL and does not attempt to accurately state the total balance in your savings account.
You may choose not to provide us with any Personal Information. In such an event, you can still access and use some portions of the App; however, you will not be able to access and use portions of the App that require your Personal Information. But if you register on our App as a subscriber, you must provide us with the Essential Data or you will not be able to effectively use the App Services.
Use of Personal Information
We collect your personal information to:
Sharing of Personal Information
We may share your personal information as follows:
based financial technology ("fintech") company that builds connections with thousands of financial institutions. They're a trusted partner to companies ranging from popular fintech applications to Fortune 500 companies and major banks. These relationships require the company to have strong security controls in place, and its platform is regularly audited and tested to ensure its controls meet industry standards. For example, Plaid ensures sensitive data (both in- motion and at-rest) is encrypted, and regularly completes SOC-2 audits.
When you enter your online banking credentials, Plaid establishes an encrypted connection with your bank. This flow was designed with security in mind, as an easy alternative to entering static account and routing numbers. Once this connection is established, our application receives a token. This token enables us to get the data we need to provide our service without direct access to your bank account or credentials.
Dwolla is a powerful payments platform that securely connects bank or credit union accounts to enable the transfer of money for any individual or organization in the U.S. By leveraging Dwolla’s Access API, we are providing an integrated payments experience for seamless funds transfers for our customers, while reducing the headaches associated with fraud, exposure of sensitive financial data, and complications of using third-party processors.
We provide you with a daily, weekly and monthly review of your progress each morning to encourage, recognize, and reward you for your activity. We highly recommend you to provide permissions to send you these push notifications because they are an integral part of the experience. Additionally, we provide email notifications for any activity involving the movement of funds. This is a requirement of our API partners and it is the only way we notify you of the movements of funds, therefore disabling email communication is not an option we can provide.