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Paytrix Group Limited, company registration number 13854323 is located on 3rd Floor 86-90 Paul Street, London, United Kingdom, EC2A 4NE. This Privacy Policy is written as of the 13-05-2022 and defines how we collect and process the data contained in this policy and other data obtained during our due diligence process, for the purposes of compliance and for the performance of our contract.
For the purpose of this policy, Paytrix will be considered as a Data Controller for this purpose.
For most clients, Paytrix will collect:
We will connect details on the signers and authorised account contacts, in keeping the Individuals Clients section detailed above, as well as;
In the majority of cases, data we collect will be provided directly to you, by us. Paytrix may also collect other data from public sources (such as company records) or may purchase other data (such as credit data) in order to help facilitate our contract with you, or to meet our compliance obligations.
In order to fulfil our contract with you, we will require that data be passed to 3rd parties who will process data on behalf of Paytrix. This will include us passing your name or the name of your company to our banking partners in order to comply with the EU Wire Regulations, passing details to credit agencies to comply with AML legislation and passing details of your trade to regulatory bodies, such as for transaction reporting reasons.
A full list of where your data may be passed is available on request.
Paytrix will not sell your data to 3rd parties for the purposes of marketing, or share your data with parties for any reason other than for the performance of contract, or compliance with legislative requirements. Paytrix will not intentionally collect any information which is considered sensitive but may discover such information during our conversations with you. Paytrix will take all possible steps to protect this sensitive data.
Paytrix will only hold data for use in processing payment services on the basis of the consent of its service users.
Your data will be stored securely. By signing our agreement you consent to Paytrix accessing, processing, storing and transferring personal data in accordance with the terms of this notice. You consent to the use personal data for the provision of marketing by Patrix, to you, the provision of payment services and acknowledge that Paytrix is required by law to retain all data for a period of 5 years from the point at which we cease to trade with you (as required by Anti Money Laundering Legislation).
Where we process data on behalf of your clients, beneficiaries, employees or shareholders (For example, to complete due diligence), you confirm that you have obtained the relevant permissions and consents to do in line with your own GDPR obligations.
In some jurisdictions, we may be required to hold this data for longer periods, in which case we will inform you of this.
Under data protection law, you have rights including:
You have the right to ask us for copies of your personal information.
You have the right to ask us to rectify personal information you think is inaccurate. You also have the right to ask us to complete information you think is incomplete.
You have the right to ask us to erase your personal information in certain circumstances, where this does not conflict with our overriding legal obligations as a regulated firm.
You have the right to ask us to restrict the processing of your personal information in certain circumstances.
You have the right to object to the processing of your personal information in certain circumstances, where this does not conflict with our overriding legal obligations as a regulated firm.
You have the right to ask that we transfer the personal information you gave us to another organisation, or to you, in certain circumstances. You are not required to pay any charge for exercising your rights. If you make a request, we have one month to respond to you. Please contact us at [insert email address, phone number and or postal address] if you wish to make a request.
If you have any concerns about our use of your personal information, you can make a complaint to us at Paytrix Group Limited,3rd Floor 86-90 Paul Street, London, United Kingdom, EC2A 4NE.
You can also complain to the ICO if you are unhappy with how we have used your data.
Copyright Paytrix Group Limited 2023
Paytrix Group Limited is a company registered in England and Wales with Company number 13854323
Registered office address: 3rd Floor 86-90 Paul Street, London, United Kingdom, EC2A 4NE
