Open Banking Clause Samples

Open Banking. Open Banking is a secure method of providing access to your financial information both for yourself and for other financial organisations. For more information about open banking please see ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇.▇▇▇.▇▇ We use Credit Kudos to obtain information from your bank account(s) only with explicit consent. This service is optional and further information will be available before using this provision. Address: ▇ ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇ Phone: TBA Website: ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/about We may also share your personal data with third parties such as: A third party nominated by you, who acts on your behalf such as a relative, advice agency or legal representative; A third party who acts as our agent such as a debt collection agency, or our legal representatives; A lender; A third party where we are required by law such as enforcement agencies, judicial bodies, government entities, tax authorities, regulatory bodies and ombudsmen/reconciliation schemes. We will retain your personal data for no longer than one year from the date of access unless. You have entered into an agreement with us, whereby we will retain your personal data for six year from the date your agreement ends, or longer if required to do so by a regulator or by law. This will help us to answer any enquiries or resolve any complaints you may have. After this period, your personal data will be deleted and/or anonymised. Safeguarding your personal data is paramount to the way we run our business. Data will be processed in a manner that ensures appropriate security of your personal data, including protection against unauthorised or unlawful processing and against accidental loss, destruction or damage using appropriate technical and organisational measures. Any personal data we collect from you will not be transferred outside the European Economic Area. Access – you have the right to access the personal data we hold about you. This information is provided to you free of charge however, we can refuse to respond or charge a 'reasonable fee' when a request is manifestly unfounded, excessive or repetitive. Rectification – you have the right to rectify inaccurate personal data we hold about you. If personal data is incomplete, taking into account the purposes of the processing, you also have the right to have incomplete data completed. If any personal data has been disclosed to a third party, such as a credit reference agency, we will also inform them that the personal data has been re...

Open Banking. You shall maintain a connection with ▇▇▇▇▇’s Open Banking provider, currently Plaid, at all times that this Payment Plan is effective and you acknowledge and agree that your connection to ▇▇▇▇▇’s Open Banking nominated provider is a required component of this Payment Plan.

Open Banking. Acquirers and Payment processors Rauva may, at any time, add new partners to increase the scope of Third-Party Services in the Rauva App, replace existing Partners or cease its cooperation with any Partner or the availability of one or more Third-Party Services. Rauva will give you notice if and before any such changes take place. Please refer to the “Amendments” section and “Termination of Third-Party Services” section. ● Entire Agreement. These Terms, together with the data protection agreement provided in Addendum 1 to these Terms (“DPA”), and , when applicable, for the Supercharged Plan, the Services Agreement, form an agreement (“Agreement”) between Rauva and the legal or natural persons acting in their professional capacity who complete a user account registration and comply with the eligibility criteria (“you”, or “User”). The legal documents forming the Agreement constitute the entire agreement between you and Rauva regarding the use of the Services, and supersede all prior and contemporaneous communications, agreements, and understandings, whether written or oral. Any legal document forming the Agreement, including these Terms may be modified by ▇▇▇▇▇ at any time as provided in the “Amendments” section below.

Open Banking. Our customers can link alternative bank/payment accounts to the EOD service in order to view & download credit card transactions.

Open Banking. Revolut Pay. There may be limits on the amount you can request using a payment link, which we will show you in the app.

Open Banking. We allow you to give TPPs (such as financial comparison websites, money management apps and payment services) the ability to make payments on your behalf, and to access your financial data. If you could do this with your old account, there are a couple of simple things you’ll need to do once you switch to us. Before you close your old account, check whether you have any TPP permissions set up and if so, who with. Permissions to TPPs to access services on your account won’t be transferred as part of the Current Account Switch Service. Once your new account is open you can give your permission to the TPPs to access your new account by providing them with your new account details. You will need to contact the TPPs directly yourself to set this up. If you had set up any Standing Orders on your old account via a TPP then we will ensure that any of these payments due to be made after the switch is complete will still be made. In cases where we cannot match the payment frequency of your existing Standing Order mandate, we will contact you to agree alternative arrangements. Please note: we only allow access to TPPs that are authorised by law to provide their services, so there’s a chance that your current TPP may not be supported to access Co-operative Bank accounts. Our terms and conditions provide more information about TPPs. All of the following will happen on your switch date: • Your payments (such as Direct Debits, standing orders and bill payments) will have been transferred to your new account. • Any credit balance from your old account will have been transferred to your new account. • Your new account will be ready to use. • Your old account will be closed.

Open Banking. We may use your Personal Information to provide our open banking services, such as: • providing you with consolidated information on the payment account(s) that you hold with one or more bank(s) or payment institution(s); or • contacting your bank to perform a credit transfer to a merchant, for example, when you use our Pay With Bank Transfer service (which may allow you to pay for any purchase made on a participating website directly from your bank account, with your money being sent directly to the merchant’s bank account). In this context, we will process your Personal Information to provide you with the regulated open banking services or as otherwise described in the “Use of Information” section.