Working Capital Solutions (“WCS”) Business Privacy Notice
Last updated November 28, 2011
This Working Capital Solutions (“WCS”) Business Privacy Notice (Notice) applies to this the website of WebBank subsidiary Working Capital Solutions. This Notice is provided for business customers only. Consumer customers of WebBank can access the appropriate Consumer Privacy Policy of WebBank by clicking on the applicable links below.
Privacy is an important issue to WCS. Please read this Business Privacy Policy and print a copy for your records.
WCS is committed to protecting the privacy of your business. We are providing this Business Privacy Policy to explain our information practices specific to our business clients. This Policy applies only to businesses and to individuals who inquire about or obtain products or services from WCS for business purposes. It does not apply to individuals who inquire about products or services from WebBank for personal, family and household purposes; for these, see the applicable WebBank Privacy Policy for Consumers at the applicable link provided below. The Business Privacy Policy explains how we collect, use, and safeguard information obtained in conjunction with business accounts.
SECURITY MEASURES
WCS has strict standards and processes designed to prevent unauthorized access to information. We apply these standards and processes to our facilities and online services. We maintain physical, electronic, and procedural safeguards that have been developed to comply with governmental guidelines and to protect information from unauthorized access. All of our operational and data processing systems are in a secure environment that protects your account information from being accessed by third parties.
COLLECTING INFORMATION
WCS collects information to:
- Accurately identify your business;
- Process business transactions;
- Comply with laws and regulations;
- Understand your business and financial needs;
- Determine creditworthiness; and
- Design and improve our products and services.
WCS collects information from:
- Applications and other forms you give us (e.g., name, address, tax identification number, assets, and business objectives);
- On transactions your business conducts (e.g., account balance, payment history and debit card usage);
- Third parties outside WCS (e.g., parties to a transaction, purchased data and credit card usage);
- Outside sources such as brokers and dealers who help us develop products and services (e.g., transaction information);
- Credit reporting agencies and market research companies (e.g., credit history and demographic information);
- Public sources, such as federal, state or local records (e.g., mortgage and lien information); and
- Media (e.g., periodicals and newspapers).
SHARING OF INFORMATION
WCS shares the information we collect with service providers and with other companies. These companies may use the information to perform marketing services on behalf of WCS, and may use the information for their own marketing or other purposes.
At WCS, employee access to personally identifiable customer information is limited to those with a business reason to know such information. Employees are educated on the importance of maintaining the confidentiality of customer information and on these Privacy Principles. All WCS employees are responsible for maintaining the confidentiality of customer information.
Email
If you send us email, we may retain it. Please remember that any unencrypted email sent over the Internet can be intercepted; therefore, you should limit the personal information you email over the Internet.
Linking to Other Websites
We may provide links to non-WCS websites, such as service providers, credit bureaus or merchants. If you are notified that you are leaving the WCS website we are not responsible for the privacy or security of the sites you are going to. This includes the accuracy, completeness, reliability or suitability of their information. If you are asked to provide information on one of these websites, we urge you to review their privacy policies before sharing your information.
Children’s Privacy
The Website is intended for an adult audience and is not meant for children. WCS does not knowingly collect information from children under 13. WCS’s policy is to not collect personal information of any person under 13. If WCS knowingly obtains personally identifiable information in error of children under the age of 13, WCS will delete that information from our systems.
Additional rights
You may have other privacy protections under state laws. Our information practices comply with these laws.
Changes to the Online Privacy Notice
This Online Privacy Notice is subject to change. Please review it periodically. If we make changes to the Online Privacy Notice, we will revise the "Last Updated" date at the top of this Notice. Any changes to this Notice will become effective when we post the revised Notice on the Site. Your use of the Site following these changes means that you accept the revised Notice.
