Vaulting Tool Clause Samples

Vaulting Tool. If you use the Vaulting Tool, before collecting your customers’ Card Data, you will: 7.2.1 notify your customers that: 7.2.1.1 the information collected will be saved and retrievable by you for future payments from the customer including, potentially, “buyer not present” payments; 7.2.1.2 the customer can update the information; and 7.2.1.3 the customer can revoke the consent; and 7.2.2 obtain your customers’ consent to collect and use that information on the above basis; and 7.2.3 ensure that when your customers give the above consent and opt into the feature they do so by taking a deliberate and recorded action, e.g. clicking an optional button, or checking a default-unchecked box.