Common use of Transfer Impact Assessments Clause in Contracts

Transfer Impact Assessments. A Fiserv entity shall only transfer Personal Data (including data in transit) to a Fiserv entity established in a third country outside of a Relevant Country (other than an Adequate Third Country) (a "Fiserv Importer") or an External Sub-Processor established in a third country DocuSign Envelope ID: 85BF9186-F695-42D4-84F2-5A2035C1EA94 outside of a Relevant Country (other than an Adequate Third Country), where it has carried out a Transfer Impact Assessment with the help of the Fiserv Importer or External Sub- Processor if needed. A Transfer Impact Assessment means an assessment to consider that the laws and practices in the third country of destination applicable to the processing of Personal Data by the Fiserv Importer or External Sub-Processor, including any requirements to disclose Personal Data or measures authorising access by public authorities do not prevent it from fulfilling its obligations under these Processor Data Protection Standards. This assessment is based on the understanding that laws and practices that respect the essence of fundamental rights and freedoms and do not exceed what is necessary and proportionate in a democratic society to safeguard one of the objectives in Art 23(1) GDPR, are not in contradiction with these Processor Data Protection Standards.