Common use of Confidentiality and Data Protection Clause in Contracts

Confidentiality and Data Protection. The Parties undertake to keep the technical and commercial information of each other secret, except for publicly available information which has become known to them while executing the present Agreement, and not transfer it to third parties without written consent from the other Party or its legal representatives. The Client agrees for Paynovate to manage their Personal Data with an aim to provide services to the Client and execute other responsibilities under the present Agreement. The Parties guarantee the security of Personal Data received while executing the present Agreement. The above-mentioned Personal Data cannot be disclosed to third Parties without consent from the subject of this data, except for cases stated by the law or the present Agreement. The data retention and protection issues are governed by the Supplement to the Agreement Privacy Policy, which the client read and commits to adhere it. The Client undertakes to protect and not to disclose any Passwords, created by them or provided to them under the present Agreement. If the client has not complied with this obligation and/or could, but has not prevented it and/or performed such actions on purpose or due to own negligence, the Client fully assumes the losses and undertakes to reimburse the losses of the persons incurred due to the indicated actions of the Client or their failure to act. In the event of loss of an Account Password or other Passwords by the Client or the Password(s) are disclosed not due to the fault of the Client or Paynovate, or in case a real threat has occurred or may occur to the Profile of the Client, the Client undertakes to change the Passwords immediately or, if the client does not have the possibility to do that, notify Paynovate thereof immediately. Paynovate shall not be liable for the consequences originating due to the notification failure. After Paynovate receives the notification from the Client, Paynovate shall immediately suspend access to the Profile of the Client and the provision of Paynovate services until a new password or created for the Client. Paynovate has the right to transmit all collected important information about the Client and their activity to other law enforcement institutions, public authorities and other financial institutions, it such is determined by the legislation, and in order to identify whether this Agreement and relevant legislation have not been or will not be violated. Under the client’s request, the Client’s data may also be transmitted to payment initiation or account information service institutions. Paynovate may refuse to provide an account information service provider or a payment initiation service provider with access to the Client’s Account based on objective and duly reasoned grounds relating to unauthorized or unfair access to the Account, gained by that account information service provider or payment initiation service provider, including unauthorized or unfair payment transaction initiation.

Confidentiality and Data Protection. 14.1. The Parties undertake to keep the technical and commercial information of each other secret, except for publicly available information which has become known to them while executing the present Agreement, and not transfer it to third parties without a written consent from the other Party or its legal representatives. 14.2. The Client agrees for Paynovate Paysera to manage their Personal Data with an aim to provide services to the Client and execute other responsibilities under the present Agreement. The Parties guarantee the security of Personal Data received while executing the present Agreement. The above-mentioned Personal Data cannot be disclosed to third Parties without consent from the subject of this data, except for cases stated by the law or the present Agreement. 14.3. The data retention and protection issues are governed by the Supplement to the Agreement Privacy Policy, which the client Client read and commits to adhere itto. 14.4. The Client undertakes to protect and not to disclose any Passwords, Passwords or other personalised security features of Payment means created or provided by them or provided in accordance with this Agreement to them under third parties, and to prevent other persons from using the present Agreementservices on behalf of the Client. If the client has Client did not complied comply with this obligation and/or couldcould have, but has did not prevented prevent it and/or performed such actions on purpose intentionally or due to own gross negligence, it is acknowledged that the Profile is accessed and the relevant Paysera Services are used on behalf of the Client. In this case, the Client fully assumes the losses incurred as a result and undertakes to reimburse compensate the losses of the persons other persons, if they were incurred due to the indicated Client specified actions of or omissions. 14.5. If the Client or their failure to act. In loses the event of loss of an Account Password or other Passwords by the Client or the Password(sit (they) are disclosed not due to the revealed through no fault of the Client or Paynovateand Paysera, or in case if a real threat has occurred arisen or may occur arise to the Profile of the Client's Account, the Client undertakes to change the Passwords immediately orimmediately, and if the client does not have the possibility they are unable to do thatso, notify Paynovate thereof immediatelyimmediately (but no later than within one calendar day) to inform Paysera about this by means of notification specified in Clause 11 of the Agreement. Paynovate shall Paysera will not be liable responsible for the consequences originating due to the notification failureof not informing. 14.6. After Paynovate receives the notification from Paysera, upon receiving the Client's notification specified in Clause 14.5 of the Agreement, Paynovate shall immediately suspend suspends access to the Profile of the Client Client's Account and the provision of Paynovate Paysera services until a new password Password is assigned or created to the Client. 14.7. Xxxxxxx draws the attention of the Client to the fact that the email linked to the Paysera Account and also other instruments (e.g. a mobile telephone number), which under the Client's choice are linked to their Paysera Account, are used as instruments for communication or identification of the Client, therefore these instruments and login credentials shall be protected by the Client. Paynovate The Client is completely responsible for the safety of their email passwords and all the other instruments used by them, as well as their login passwords. The Passwords are secret information, and the Client is responsible for their disclosure and for all operations performed after the Password used by the Client for a relevant Profile or another Payment Instrument is entered. Paysera recommends to memorise the Passwords and not to write them down or input to any instruments where they can be seen by other persons. 14.8. Paysera has the right to transmit all collected important information about the Client and their activity to other law enforcement institutions, public state authorities (State Tax Inspectorate (VMI), Social Insurance Fund (SODRA)), and other financial institutions, it if such duty is determined by the legislation, and in order to identify whether this Agreement and relevant legislation have not been or will not be violated. 14.9. The Client grants Paysera the right to undertake the necessary measures, including but not limited to, submitting requests to third persons directly or via third parties in order to determine the identity of the Client and accuracy of other data submitted by the Client. 14.10. Paysera points out that in all cases Paysera operates only as a service provider for the Client, does not provide or offer any services to the Recipient until they become a Client of Paysera. 14.11. Xxxxxxx has the right to record telephone conversations with the Client. The Parties agree that telephone conversations and messages transferred via mail, email, and other telecommunication instruments may be deemed evidence when settling disputes between the Parties. By the present Agreement, the Client confirms that they understand and agree to Paysera recording telephone conversations with the Client or their representatives. The Client also has the right to record and store telephone conversations and other correspondence. 14.12. The Client agrees that their Account number and personal data required for the Payment Transfer may be detected and displayed to another Paysera user who intends to make a Payment Transfer to the Client if another Paysera user enters a confirmed identifier of the Client (name, surname, bank account, email address). 14.13. Under the clientClient’s requestconsent, the Client’s data may also be transmitted to payment initiation or account information service institutions. Paynovate Paysera may refuse to provide an account information service provider or a payment initiation service provider with access to the Client’s Account based on objective and duly reasoned grounds relating to unauthorized unauthorised or unfair access to the Account, gained by that account information service provider or payment initiation service provider, including unauthorized unauthorised or unfair payment transaction initiation. In such cases, Paysera shall inform the Client about the refusal to grant access to the Account and indicate the reasons for such action. This information should be provided to the Client prior to refusal to grant access to the Account, if possible, and not later than upon refusal to grant it, unless the provision of such information could weaken the safety measures or was prohibited under legislation. 14.14. In order to protect the legitimate interests of Paysera, the Client data may be transferred to public information means when the Client applies to these means without using the remedies provided for in Clause 16.6 of the Agreement and when the information about the dispute provided to the public information means does not correspond to the information available to Paysera and xxxxx Paysera's business reputation.

Confidentiality and Data Protection. The Parties undertake to keep the technical and commercial information of each other secret, except for publicly available information which has become known to them while executing the present Agreement, and not transfer it to third parties without written consent from the other Party or its legal representatives. The Client agrees for Paynovate to manage their Personal Data with an aim to provide services to the Client and execute other responsibilities under the present Agreement. The Parties guarantee the security of Personal Data received while executing the present Agreement. The above-mentioned Personal Data cannot be disclosed to third Parties without consent from the subject of this data, except for cases stated by the law or the present Agreement. The data retention and protection issues are governed by the Supplement to the Agreement Privacy Policy, which the client read reads and commits to adhere itto. The Client undertakes to protect and not to disclose any Passwords, created by them or provided to them under the present Agreement. If the client has not complied with this obligation and/or could, but has not prevented it and/or performed such actions on purpose or due to own negligence, the Client fully assumes the losses and undertakes to reimburse the losses of the persons incurred due to the indicated actions of the Client or their failure to act. In the event of loss of an Account Password or other Passwords by the Client or the Password(s) are disclosed not due to the fault of the Client or Paynovate, or in case a real threat has occurred or may occur to the Profile of the Client, the Client undertakes to change the Passwords immediately or, if the client does not have the possibility to do that, notify Paynovate thereof immediately. Paynovate shall not be liable for the consequences originating due to the notification failure. After Paynovate receives the notification from the Client, Paynovate shall immediately suspend access to the Profile of the Client and the provision of Paynovate services until a new password or is created for the Client. Paynovate has the right to transmit all collected important information about the Client and their activity to other law enforcement institutions, public authorities and other financial institutions, it if such is determined by the legislation, and in order to identify whether this Agreement and relevant legislation have not been or will not be violated. Under the client’s request, the Client’s data may also be transmitted to payment initiation or account information service institutions. Paynovate may refuse to provide an account information service provider or a payment initiation service provider with access to the Client’s Account based on objective and duly reasoned grounds relating to unauthorized or unfair access to the Account, gained by that account information service provider or payment initiation service provider, including unauthorized or unfair payment transaction initiation.

Confidentiality and Data Protection. 14.1. The Parties undertake to keep the technical and commercial information of each other secret, except for publicly available information which has become known to them while executing the present Agreement, and not transfer it to third parties without written consent from the other Party or its legal representatives. 14.2. The Client agrees for Paynovate Paysera to manage their Personal Data with an aim to provide services to the Client and execute other responsibilities under the present Agreement. The Parties guarantee the security of Personal Data received while executing the present Agreement. The above-mentioned Personal Data cannot be disclosed to third Parties without consent from the subject of this data, except for cases stated by the law or the present Agreement. 14.3. The data retention and protection issues are governed by the Supplement to the Agreement Privacy Policy, which the client Client read and commits to adhere itto. 14.4. The Client undertakes to protect and not to disclose any Passwords, created by them or provided to them under the present Agreement, or other personalised security features of Payment Instruments to third persons and not to allow other persons to use services under the name of the Client. If the client Client has not complied with this obligation and/or could, but has not prevented it and/or performed such actions on purpose or due to own negligence, it is acknowledged that the Profile is accessed and the relevant Paysera Services are used on behalf of the Client. In this case, the Client fully assumes the losses and undertakes to reimburse the losses of the other persons incurred due to the indicated actions of the Client or their failure to act. 14.5. In the event of loss of an Account Password or other Passwords by the Client or the Password(s) are disclosed not due to the fault of the Client or PaynovatePaysera, or in case a real threat has occurred or may occur to the Profile of the Client, the Client undertakes to change the Passwords immediately or, if the client Client does not have the possibility to do that, notify Paynovate Paysera thereof immediatelyimmediately (not later than within one calendar day) by the means indicated in Article 11 of the Agreement. Paynovate Paysera shall not be liable for the consequences originating due to the notification failure. 14.6. After Paynovate Paysera receives the notification from the ClientClient as indicated in Clause 14.5 of the Agreement, Paynovate Paysera shall immediately suspend access to the Profile of the Client and the provision of Paynovate Paysera services until a new password is provided or created for the Client. 14.7. Paynovate Xxxxxxx draws the attention of the Client to the fact that the email linked to the Paysera Account and also other instruments (e.g. a mobile telephone number), which by the Client's choice are linked to their Paysera Account, are used as instruments for communication or identification of the Client, therefore these instruments and login credentials shall be protected by the Client. The Client is completely responsible for the safety of their email passwords and all the other instruments used by them, as well as their login passwords. The Passwords are secret information, and the Client is responsible for its disclosure and for all operations performed after the Password used by the Client for a relevant Profle or another Payment Instrument is entered. Paysera recommends to memorise the Passwords and not to write them down or input to any instruments where they can be seen by other persons. 14.8. Paysera has the right to transmit all collected important information about the Client and their activity to other law enforcement institutions, public state authorities (State Tax Inspectorate (VMI), Social Insurance Fund (SODRA)), and other financial institutions, it if such duty is determined by the legislation, and in order to identify whether this Agreement and relevant legislation have not been or will not be violated. 14.9. The Client grants Paysera the right to undertake the necessary measures, including but not limited to, submitting requests to third persons directly or via third parties in order to determine the identity of the Client and accuracy of other data (e.g. a register of legal entities, systems for checking the validity of personal documents, etc.) submitted by the Client. 14.10. Paysera points out that in all cases Paysera operates only as a service provider for the Client, which does not provide or offer any services to the Recipient until they become a Client of Paysera. 14.11. Xxxxxxx has the right to record telephone conversations with the Client’s Representatives. The Parties agree that telephone conversations and messages transferred via mail, email, and other telecommunication means may be deemed evidence when settling disputes between the Parties. By the present Agreement, the Client confirms that they understand and agree to Paysera recording telephone conversations with the Client's Representatives. The Client also has the right to record and store telephone conversations and other correspondence for the purposes of lawful objectives set forth by the Client’s privacy policy and rules for processing personal data. 14.12. The Client agrees that their Account number and personal data required for the execution of a payment transfer may be detected and displayed to another Paysera user, who intends to make a payment transfer to the Client if another Paysera user enters a confirmed identifier of the Client (the legal person’s name, bank account number, email address or phone number). 14.13. Under the clientClient’s requestconsent, the Client’s data may also be transmitted to payment initiation or account information service institutions. Paynovate Paysera may refuse to provide an account information service provider or a payment initiation service provider with access to the Client’s Account based on objective and duly reasoned grounds relating to unauthorized unauthorised or unfair access to the Account, gained by that account information service provider or payment initiation service provider, including unauthorized unauthorised or unfair payment transaction initiation. In such cases, Paysera shall inform the Client about the refusal to grant access to the Account and indicate the reasons for such action. This information should be provided to the Client prior to refusal to grant access to the Account, if possible, and not later than upon refusal to grant it, unless the provision of such information could weaken the safety measures or was prohibited under legislation. 14.14. In order to protect the legitimate interests of Paysera, the Client’s data may be transferred to public information means when the Client applies to these means without using the remedies provided for in Clause 16.6 of the Agreement and when the information about the dispute provided to the public information means does not correspond to the information available to Paysera and xxxxx Paysera's business reputation.

Confidentiality and Data Protection. 13.1. The Parties undertake to keep the technical and commercial information of each other secret, except for publicly available information which has become known to them while executing the present Agreement, and not transfer it to third parties without written consent from the other Party or its legal representatives. 13.2. The Client agrees for Paynovate Paysera to manage their Personal Data with an aim to provide services to the Client and execute other responsibilities under the present Agreement. The Parties guarantee the security of Personal Data received while executing the present Agreement. Personal Data is used to the extent necessary to execute the present Agreement. The above-mentioned Personal Data cannot be disclosed to third Parties parties without consent from the subject of this data, except for cases stated by the law or the present Agreement. 13.3. The data retention and protection issues are governed by the Supplement to the Agreement Privacy Policy, which the client Client read and commits to adhere itto. 13.4. The Client undertakes to protect and not to disclose any Passwords, created by them or provided to them under the present Agreement, or other personalised security features of Payment Instruments to third persons and not to allow other persons to use services under the name of the Client. If the client Client has not complied with this obligation and/or could, but has not prevented it and/or performed such actions on purpose or due to own negligence, the Client fully assumes the losses and undertakes to reimburse the losses of the other persons incurred due to the indicated actions of the Client or their failure to act. 13.5. In the event of loss of an Account Password or other Passwords by the Client or the Password(s) are disclosed not due to the fault of the Client or PaynovatePaysera, or in case a real threat has occurred or may occur to the Profile of the Client, the Client undertakes to change the Passwords immediately or, if the client Client does not have the possibility to do that, notify Paynovate Paysera thereof immediatelyimmediately (not later than within one calendar day) by the means indicated in Article 10. Paynovate Paysera shall not be liable for the consequences originating due to the notification failure. 13.6. After Paynovate Paysera receives the notification from the ClientClient as indicated in clause 13.5, Paynovate Paysera shall immediately suspend access to the Profile of the Client and the provision of Paynovate Paysera services until a new password is provided or created for the Client. 13.7. Paynovate Xxxxxxx draws the attention of the Client to the fact that the email linked to the Paysera Account and also other instruments (e.g. a mobile telephone number), which under the Client's choice are linked to their Paysera Account, are used as instruments for communication or identification of the Client, therefore these instruments and login credentials shall be protected by the Client. The Client is completely responsible for the safety of their email passwords and all the other instruments used by them, as well as their login passwords. The Passwords are secret information, and the Client is responsible for its disclosure and for all operations performed after the Password used by the Client for a relevant Profle or another Payment Instrument is input. Paysera recommends to memorise the Passwords and not to write them down or input to any instruments where they can be seen by other persons. 13.8. Paysera has the right to transmit all collected important information about the Client and their activity to other law enforcement institutions, public state authorities (State Tax Inspectorate (VMI), Social Insurance Fund (SODRA)), and other financial institutions, it if such duty is determined by the legislation, and in order to identify whether this Agreement and relevant legislation have not been or will not be violated. 13.9. The Client grants Paysera the right to undertake the necessary measures, including but not limited to, submitting requests to third persons directly or via third parties in order to determine the identity of the Client and accuracy of other data (e.g. a register of legal entities, systems for checking the validity of personal documents, etc.) submitted by the Client. 13.10. Paysera points out that in all cases Paysera operates only as a service provider for the Client, which does not provide or offer any services to the Recipient until they become a Client of Paysera. 13.11. Xxxxxxx has the right to record telephone conversations with the Client’s Representatives. The Parties agree that telephone conversations and messages transferred via mail, email and other telecommunication means may be deemed evidence when settling disputes between the Parties. By the present Agreement, the Client confirms that they understand and agree to Paysera recording telephone conversations with the Client's Representatives. The Client also has the right to record and store telephone conversations and other correspondence for the purposes of lawful objectives set forth by the Client’s privacy policy and rules for processing personal data. 13.12. The Client agrees that their Account number and personal data required for the execution of a payment transfer may be detected and displayed to another Paysera user, who intends to make a payment transfer to the Client if another Paysera user enters a confirmed identifier of the Client (the legal person’s name, bank account number, e-mail address or phone number). 13.13. Under the clientClient’s requestconsent, the Client’s data may also be transmitted to payment initiation or account information service institutions. Paynovate Paysera may refuse to provide an account information service provider or a payment initiation service provider with access to the Client’s Account based on objective and duly reasoned grounds relating to unauthorized unauthorised or unfair access to the Account, gained by that account information service provider or payment initiation service provider, including unauthorized unauthorised or unfair payment transaction initiation. In such cases, Paysera shall inform the Client about the refusal to grant access to the Account and indicate the reasons for such action. This information should be provided to the Client prior to refusal to grant access to the Account, if possible, and not later than upon refusal to grant it, unless the provision of such information could weaken the safety measures or was prohibited under legislation.

Confidentiality and Data Protection. 13.1. The Parties undertake to keep the technical and commercial information of each other secret, except for publicly available information which has become known to them while executing the present Agreement, and not transfer it to third parties without a written consent from the other Party or its legal representatives. 13.2. The Client agrees for Paynovate Paysera to manage their Personal Data with an aim to provide services to the Client and execute other responsibilities under the present Agreement. The Parties guarantee the security of Personal Data received while executing the present Agreement. Personal Data is used to the extent necessary to execute the present Agreement. The above-mentioned Personal Data cannot be disclosed to third Parties parties without a consent from the subject of this data, except for cases stated by the law or the present Agreement. 13.3. The data retention and protection issues are governed by the Supplement to the Agreement "Privacy Policy", which the client Client read and commits to adhere itto. 13.4. The Client undertakes to protect and not to disclose any Passwords, created by them or provided to them under the present Agreement, or other personalised security features of Payment Instruments to third persons and not to allow other persons to use services under the name of the Client. If the client Client has not complied with this obligation and/or could, but has not prevented it and/or performed such actions on purpose or due to own negligence, the Client fully assumes the losses and undertakes to reimburse the losses of the other persons incurred due to the indicated actions of the Client or their failure to act. 13.5. In the event of loss of an Account the Profile Password or other Passwords by the Client or if the Password(s) are disclosed not due to the fault of the Client or PaynovatePaysera, or in case a real threat has occurred or may occur to the Profile of the Client, the Client undertakes to change the Passwords immediately or, if the client Client does not have the possibility to do that, notify Paynovate Paysera thereof immediatelyimmediately (not later than within one calendar day) by means indicated in Article 10. Paynovate Paysera shall not be liable for the any consequences originating due to the notification failure. 13.6. After Paynovate Paysera receives the notification from the ClientClient as indicated in clause 13.5, Paynovate Paysera shall immediately suspend access to the Profile of the Client and the provision of Paynovate Paysera services until a new password is provided or created for the Client. 13.7. Paynovate Xxxxxxx draws the attention of the Client to the fact that the email linked to the Paysera Account and also other instruments (e.g. a mobile telephone number), which under the Client's choice are linked to their Paysera Account, are used as instruments for communication or identification of the Client, therefore these instruments and login credentials shall be protected by the Client. The Client is completely responsible for the safety of their email passwords and all the other instruments used by them, as well as their login passwords. The Passwords are secret information, and the Client is responsible for its disclosure and for all operations performed after the Password used by the Client for a relevant Profile or another Payment Instrument is input. Paysera recommends to memorise the Passwords and not to write them down or input to any instruments where they can be seen by other persons. 13.8. Paysera has the right to transmit all collected important information about the Client and their activity to other law enforcement institutions, public state authorities (State Tax Inspectorate (VMI), Social Insurance Fund (SODRA)), and other financial institutions, it if such duty is determined by the legislation, and in order to identify whether this Agreement and relevant legislation have not been or will not be violated. 13.9. The Client grants Paysera the right to undertake the necessary measures, including but not limited to, submitting requests to third persons directly or via third parties in order to determine the identity of the Client and accuracy of other data submitted by the Client. 13.10. Paysera points out that in all cases Paysera operates only as a service provider for the Client, does not provide or offer any services to the Recipient until they become a Client of Paysera. 13.11. Xxxxxxx has the right to record telephone conversations with the Client. The Parties agree that telephone conversations and messages transferred via mail, email, and other telecommunication instruments may be deemed evidence when settling disputes between the Parties. By the present Agreement, the Client confirms that they understand and agree to Paysera recording telephone conversations with the Client or their representatives. The Client also has the right to record and store telephone conversations and other correspondence. 13.12. The Client agrees that their Account number and personal data required for the Payment Transfer may be detected and displayed to another Paysera user who intends to make a Payment Transfer to the Client if another Paysera user enters a confirmed identifier of the Client (name, surname, bank account, email address). 13.13. Under the clientClient’s requestconsent, the Client’s data may also be transmitted to payment initiation or account information service institutions. Paynovate Paysera may refuse to provide an account information service provider or a payment initiation service provider with access to the Client’s Account based on objective and duly reasoned grounds relating to unauthorized unauthorised or unfair access to the Account, gained by that account information service provider or payment initiation service provider, including unauthorized unauthorised or unfair payment transaction initiation. In such cases, Paysera shall inform the Client about the refusal to grant access to the Account and indicate the reasons for such action. This information should be provided to the Client prior to refusal to grant access to the Account, if possible, and not later than upon refusal to grant it, unless the provision of such information could weaken the safety measures or was prohibited under legislation.

Confidentiality and Data Protection. 12.1. The Parties undertake to keep the technical and commercial information of each other secret, except for publicly available information which has become known to them while executing the present Agreement, and not transfer it to third parties without written consent from the other Party or its legal representatives. 12.2. The Client agrees for Paynovate NovaPay to manage their Personal Data with an aim to provide services to the Client and execute other responsibilities under the present Agreement. The Parties guarantee the security of Personal Data received while executing the present Agreement. Personal Data is used to the extent necessary to execute the present Agreement. The above-mentioned Personal Data cannot be disclosed to third Parties parties without consent from the subject of this data, except for cases stated by the law or the present Agreement. 12.3. The data retention and protection issues are governed by the Supplement to the Agreement Privacy Policy, which the client Client read and commits to adhere itto. 12.4. The Client undertakes to protect and not to disclose any Passwords, created by them or provided to them under the present Agreement, or other personalised security features of Payment Instruments to third persons and not to allow other persons to use services under the name of the Client. If the client Client has not complied with this obligation and/or could, but has not prevented it and/or performed such actions on purpose or due to own negligence, the Client fully assumes the losses and undertakes to reimburse the losses of the other persons incurred due to the indicated actions of the Client or their failure to act. 12.5. In the event of loss of an Account Password or other Passwords by the Client or the Password(s) are disclosed not due to the fault of the Client or PaynovateNovaPay, or in case a real threat has occurred or may occur to the Profile of the Client, the Client undertakes to change the Passwords immediately or, if the client Client does not have the possibility to do that, notify Paynovate NovaPay thereof immediatelyimmediately (not later than within one calendar day) by the means indicated in Article 10. Paynovate NovaPay shall not be liable for the consequences originating due to the notification failure. 12.6. After Paynovate NovaPay receives the notification from the ClientClient as indicated in clause 12.5, Paynovate NovaPay shall immediately suspend access to the Profile of the Client and the provision of Paynovate NovaPay services until a new password is provided or created for the Client. 12.7. Paynovate NovaPay draws the attention of the Client to the fact that the email linked to the NovaPay Account and also other instruments (e.g. a mobile telephone number), which under the Client's choice are linked to their NovaPay Account, are used as instruments for communication or identification of the Client, therefore these instruments and login credentials shall be protected by the Client. The Client is completely responsible for the safety of their email passwords and all the other instruments used by them, as well as their login passwords. The Passwords are secret information, and the Client is responsible for its disclosure and for all operations performed after the Password used by the Client for a relevant Profile or another Payment Instrument is input. NovaPay recommends to memorise the Passwords and not to write them down or input to any instruments where they can be seen by other persons. 12.8. NovaPay has the right to transmit all collected important information about the Client and their activity to other law enforcement institutions, public state authorities (State Tax Inspectorate (VMI), Social Insurance Fund (SODRA)), and other financial institutions, it if such duty is determined by the legislation, and in order to identify whether this Agreement and relevant legislation have not been or will not be violated. 12.9. The Client grants NovaPay the right to undertake the necessary measures, including but not limited to, submitting requests to third persons directly or via third parties in order to determine the identity of the Client and accuracy of other data (e.g. a register of legal entities, systems for checking the validity of personal documents, etc.) submitted by the Client. 12.10. NovaPay points out that in all cases NovaPay operates only as a service provider for the Client, which does not provide or offer any services to the Recipient until they become a Client of NovaPay. 12.11. NovaPay has the right to record telephone conversations with the Client’s Representatives. The Parties agree that telephone conversations and messages transferred via mail, email and other telecommunication means may be deemed evidence when settling disputes between the Parties. By the present Agreement, the Client confirms that they understand and agree to NovaPay recording telephone conversations with the Client's Representatives. The Client also has the right to record and store telephone conversations and other correspondence for the purposes of lawful objectives set forth by the Client’s privacy policy and rules for processing personal data. 12.12. The Client agrees that their Account number and personal data required for the execution of a payment transfer may be detected and displayed to another NovaPay user, who intends to make a payment transfer to the Client if another NovaPay user enters a confirmed identifier of the Client (the legal person’s name, bank account number, e-mail address or phone number). 12.13. Under the clientClient’s requestconsent, the Client’s data may also be transmitted to payment initiation or account information service institutions. Paynovate NovaPay may refuse to provide an account information service provider or a payment initiation service provider with access to the Client’s Account based on objective and duly reasoned grounds relating to unauthorized unauthorised or unfair access to the Account, gained by that account information service provider or payment initiation service provider, including unauthorized unauthorised or unfair payment transaction initiation. In such cases, NovaPay shall inform the Client about the refusal to grant access to the Account and indicate the reasons for such action. This information should be provided to the Client prior to refusal to grant access to the Account, if possible, and not later than upon refusal to grant it, unless the provision of such information could weaken the safety measures or was prohibited under legislation.

Confidentiality and Data Protection. 12.1. The Parties undertake to keep the technical and commercial information of each other secret, except for publicly available information which has become known to them while executing the present Agreement, and not transfer it to third parties without written consent from the other Party or its legal representatives. 12.2. The Client agrees for Paynovate Alphapay to manage their Personal Data with an aim to provide services to the Client and execute other responsibilities under the present Agreement. The Parties guarantee the security of Personal Data received while executing the present Agreement. Personal Data is used to the extent necessary to execute the present Agreement. The above-mentioned Personal Data cannot be disclosed to third Parties parties without consent from the subject of this data, except for cases stated by the law or the present Agreement. 12.3. The data retention and protection issues are governed by the Supplement to the Agreement Privacy Policy, which the client Client read and commits to adhere itto. 12.4. The Client undertakes to protect and not to disclose any Passwords, created by them or provided to them under the present Agreement, or other personalised security features of Payment Instruments to third persons and not to allow other persons to use services under the name of the Client. If the client Client has not complied with this obligation and/or could, but has not prevented it and/or performed such actions on purpose or due to own negligence, the Client fully assumes the losses and undertakes to reimburse the losses of the other persons incurred due to the indicated actions of the Client or their failure to act. 12.5. In the event of loss of an Account Password or other Passwords by the Client or the Password(s) are disclosed not due to the fault of the Client or PaynovateAlphapay, or in case a real threat has occurred or may occur to the Profile of the Client, the Client undertakes to change the Passwords immediately or, if the client Client does not have the possibility to do that, notify Paynovate Alphapay thereof immediatelyimmediately (not later than within one calendar day) by the means indicated in Article 9. Paynovate Alphapay shall not be liable for the consequences originating due to the notification failure. 12.6. After Paynovate Alphapay receives the notification from the ClientClient as indicated in clause 12.5, Paynovate Alphapay shall immediately suspend access to the Profile of the Client and the provision of Paynovate Alphapay services until a new password is provided or created for the Client. Paynovate has the right to transmit all collected important information about the Client and their activity to other law enforcement institutions, public authorities and other financial institutions, it such is determined by the legislation, and in order to identify whether this Agreement and relevant legislation have not been or will not be violated. Under the client’s request, the Client’s data may also be transmitted to payment initiation or account information service institutions. Paynovate may refuse to provide an account information service provider or a payment initiation service provider with access to the Client’s Account based on objective and duly reasoned grounds relating to unauthorized or unfair access to the Account, gained by that account information service provider or payment initiation service provider, including unauthorized or unfair payment transaction initiation.

Confidentiality and Data Protection. 13.1. The Parties undertake to keep may not disclose information about the technical other Party and commercial information of each other secretthe Agreement, except for publicly available information which has become known to them while executing information, without the present Agreement, and not transfer it to third parties without written consent from of the other Party or its legal representativesParty, except in cases described in legislation. This confidentiality obligation is valid indefinitely. 13.2. The Client agrees for Paynovate Paysera to manage their his/ her Personal Data data with an aim to provide services to the Client and execute other responsibilities under the present Agreement. The Parties guarantee the security of Personal Data data received while executing the present Agreement. Personal data is used to the extent necessary to execute the present Agreement. The above-above mentioned Personal Data data cannot be disclosed to third Parties parties without a consent from the subject of this data, except for cases stated by the law or the present Agreement. 13.3. The data retention and protection issues are governed by period is specified in the Supplement to the Agreement Privacy Policy. After the period of Personal data processing expires, which the client read and commits to adhere itParty destroys the Personal data at its possession. 13.4. The Client undertakes to protect and not to disclose any Passwords, created by them him/ her or provided to them him/ her under the present Agreement, or other personalized security features of Payment instruments to third persons and not to allow other persons to use services under the name of the Client. If the client Client has not complied with this obligation and/or and (or) could, but has have not prevented it and/or and (or) performed such actions on purpose or due to own negligence, the Client fully assumes the losses loses and undertakes to reimburse the losses loses of the other persons incurred due to the indicated actions of the Client or their his/ her failure to act. 13.5. In the event of loss of an Account Password or other Passwords by the Client or the Password(s) Password/ Passwords are disclosed not due to the fault of the Client or PaynovatePaysera, or in case of a real threat has occurred or may occur to the Profile Account of the Client, the Client undertakes to change the Passwords immediately or, if the client Client does not have the a possibility to do that, notify Paynovate Paysera thereof immediatelyimmediately (not later than within one calendar day) by means indicated in section 10. Paynovate Paysera shall not be liable for the consequences originating that have originated due to the notification failure. 13.6. After Paynovate Paysera receives the notification from the ClientClient as indicated in clause 13.5, Paynovate Paysera shall immediately suspend access to the Profile Account of the Client and the provision of Paynovate Paysera services until a new password is provided or created for the Client. 13.7. Paynovate Xxxxxxx draws the attention of the Client to the fact that the email linked to the Paysera Account and also other instruments (e.g. mobile telephone number), which under Client's choice are linked to his/ her Paysera Account, are used as instruments for communication or identification of the Client, therefore, these instruments and logins to them shall be protected by the Client. The Client is completely responsible for safety of his/ her email passwords and all the other instruments used by him/ her and their login passwords. Passwords are secret information, and the Client is responsible for its disclosure and for all operations performed after the Password used by the Client for a relevant Account or another Payment instrument is entered. Paysera recommends to memorize Passwords and not to write them down or enter in any instruments where they may be seen by other persons. 13.8. Issues of protection of the Client's personal data are also regulated by the Supplement to the Agreement “Privacy policy”, which the Client has read and undertakes to observe. 13.9. Xxxxxxx has the right to transmit all collected important information about the Client and their his/ her activity to other law enforcement institutions, public state authorities (State Tax Inspectorate (VMI), Social Insurance Fund (SODRA)), and other financial institutions, it if such duty is determined by the legislation, and in order to identify whether this Agreement and relevant legislation have not been or will not be violated. 13.10. The Client grants Paysera the right to undertake necessary measures, including but not limited to, submitting requests to third persons directly or via third parties in order to determine identity of the Client and accuracy of other data (e.g. a register of legal entities, systems for checking the validity of personal documents, etc.) submitted by the Client. 13.11. Paysera points out that in all cases Paysera operates only as a service provider for the Client, which sends money to the Recipient under the request of the Client (money sender) and does not provide or offer any services to the Recipient until he or she has become a Client of Paysera. 13.12. Xxxxxxx has the right to record telephone conversations with the Client. The Parties agree that telephone conversations and messages transferred via mail, email and other telecommunication instruments may be deemed evidence when settling disputes between the Parties. By the present Agreement the Client confirms that s/he understands and agrees on Paysera recording telephone conversations with the Client or his/ her representatives. The Client also has the right to record and store telephone conversations and other correspondence. 13.13. The Client agrees that his/ her Account number and personal data required for the payment transfer may be detected and displayed to another Paysera user who intends to make a payment transfer to the Client if another Paysera user enters a confirmed identifier of the Client (name, surname, bank account , e-mail address). 13.14. Under the clientClient’s requestconsent, the Client’s data may be also be transmitted to payment initiation or account information service institutions. Paynovate Paysera may refuse to provide an account information service provider or a payment initiation service provider with access to the Client’s Account based on objective and duly reasoned grounds relating to unauthorized unauthorised or unfair access to the Account, gained by that account information service provider or payment initiation service provider, including unauthorized unauthorised or unfair payment transaction initiation. In such cases, Paysera shall inform the Client about the refusal to grant access to the Account and indicate the reasons for such action. This information should be provided to the Client prior to refusal to grant access to the Account, if possible, and not later than upon refusal to grant it, unless the provision of such information could weaken the safety measures or was prohibited under legislation.

Confidentiality and Data Protection. 14.1. The Parties undertake to keep the technical and commercial information of each other secret, except for publicly available information which has become known to them while executing the present Agreement, and not transfer it to third parties without written consent from the other Party or its legal representatives. 14.2. The Client agrees for Paynovate Paysera to manage their Personal Data with an aim to provide services to the Client and execute other responsibilities under the present Agreement. The Parties guarantee the security of Personal Data received while executing the present Agreement. The above-mentioned Personal Data cannot be disclosed to third Parties without consent from the subject of this data, except for cases stated by the law or the present Agreement. 14.3. The data retention and protection issues are governed by the Supplement to the Agreement Privacy Policy, which the client Client read and commits to adhere itto. 14.4. The Client undertakes to protect and not to disclose any Passwords, created by them or provided to them under the present Agreement, or other personalised security features of Payment Instruments to third persons and not to allow other persons to use services under the name of the Client. If the client Client has not complied with this obligation and/or could, but has not prevented it and/or performed such actions on purpose or due to own negligence, it is acknowledged that the Profile is accessed and the relevant Paysera Services are used on behalf of the Client. In this case, the Client fully assumes the losses and undertakes to reimburse the losses of the other persons incurred due to the indicated actions of the Client or their failure to act. 14.5. In the event of loss of an Account Password or other Passwords by the Client or the Password(s) are disclosed not due to the fault of the Client or PaynovatePaysera, or in case a real threat has occurred or may occur to the Profile of the Client, the Client undertakes to change the Passwords immediately or, if the client Client does not have the possibility to do that, notify Paynovate Paysera thereof immediatelyimmediately (not later than within one calendar day) by the means indicated in Article 11 of the Agreement. Paynovate Paysera shall not be liable for the consequences originating due to the notification failure. 14.6. After Paynovate Paysera receives the notification from the ClientClient as indicated in Clause 14.5 of the Agreement, Paynovate Paysera shall immediately suspend access to the Profile of the Client and the provision of Paynovate Paysera services until a new password is provided or created for the Client. 14.7. Paynovate Xxxxxxx draws the attention of the Client to the fact that the email linked to the Paysera Account and also other instruments (e.g. a mobile telephone number), which by the Client's choice are linked to their Paysera Account, are used as instruments for communication or identification of the Client, therefore these instruments and login credentials shall be protected by the Client. The Client is completely responsible for the safety of their email passwords and all the other instruments used by them, as well as their login passwords. The Passwords are secret information, and the Client is responsible for its disclosure and for all operations performed after the Password used by the Client for a relevant Profle or another Payment Instrument is entered. Paysera recommends to memorise the Passwords and not to write them down or input to any instruments where they can be seen by other persons. 14.8. Paysera has the right to transmit all collected important information about the Client and their activity to other law enforcement institutions, public state authorities (State Tax Inspectorate (VMI), Social Insurance Fund (SODRA)), and other financial institutions, it if such duty is determined by the legislation, and in order to identify whether this Agreement and relevant legislation have not been or will not be violated. 14.9. The Client grants Paysera the right to undertake the necessary measures, including but not limited to, submitting requests to third persons directly or via third parties in order to determine the identity of the Client and accuracy of other data (e.g. a register of legal entities, systems for checking the validity of personal documents, etc.) submitted by the Client. 14.10. Paysera points out that in all cases Paysera operates only as a service provider for the Client, which does not provide or offer any services to the Recipient until they become a Client of Paysera. 14.11. Xxxxxxx has the right to record telephone conversations with the Client’s Representatives. The Parties agree that telephone conversations and messages transferred via mail, email, and other telecommunication means may be deemed evidence when settling disputes between the Parties. By the present Agreement, the Client confirms that they understand and agree to Paysera recording telephone conversations with the Client's Representatives. The Client also has the right to record and store telephone conversations and other correspondence for the purposes of lawful objectives set forth by the Client’s privacy policy and rules for processing personal data. 14.12. The Client agrees that their Account number and personal data required for the execution of a payment transfer may be detected and displayed to another Paysera user, who intends to make a payment transfer to the Client if another Paysera user enters a confirmed identifier of the Client (the business client’s name, bank account number, email address or phone number). 14.13. Under the clientClient’s requestconsent, the Client’s data may also be transmitted to payment initiation or account information service institutions. Paynovate Paysera may refuse to provide an account information service provider or a payment initiation service provider with access to the Client’s Account based on objective and duly reasoned grounds relating to unauthorized unauthorised or unfair access to the Account, gained by that account information service provider or payment initiation service provider, including unauthorized unauthorised or unfair payment transaction initiation. In such cases, Paysera shall inform the Client about the refusal to grant access to the Account and indicate the reasons for such action. This information should be provided to the Client prior to refusal to grant access to the Account, if possible, and not later than upon refusal to grant it, unless the provision of such information could weaken the safety measures or was prohibited under legislation. 14.14. In order to protect the legitimate interests of Paysera, the Client’s data may be transferred to public information means when the Client applies to these means without using the remedies provided for in Clause 16.6 of the Agreement and when the information about the dispute provided to the public information means does not correspond to the information available to Paysera and xxxxx Paysera's business reputation.

Confidentiality and Data Protection. 12.1. The Parties undertake to keep the technical and commercial information of each other secret, except for publicly available information which has become known to them while executing the present Agreement, and not transfer it to third parties without written consent from the other Party or its legal representatives. 12.2. The Client agrees for Paynovate Alphapay to manage their Personal Data with an aim to provide services to the Client and execute other responsibilities under the present Agreement. The Parties guarantee the security of Personal Data received while executing the present Agreement. Personal Data is used to the extent necessary to execute the present Agreement. The above-mentioned Personal Data cannot be disclosed to third Parties parties without consent from the subject of this data, except for cases stated by the law or the present Agreement. 12.3. The data retention and protection issues are governed by the Supplement to the Agreement Privacy Policy, which the client Client read and commits to adhere itto. 12.4. The Client undertakes to protect and not to disclose any Passwords, created by them or provided to them under the present Agreement, or other personalised security features of Payment Instruments to third persons and not to allow other persons to use services under the name of the Client. If the client Client has not complied with this obligation and/or could, but has not prevented it and/or performed such actions on purpose or due to own negligence, the Client fully assumes the losses and undertakes to reimburse the losses of the other persons incurred due to the indicated actions of the Client or their failure to act. 12.5. In the event of loss of an Account Password or other Passwords by the Client or the Password(s) are disclosed not due to the fault of the Client or PaynovateAlphapay, or in case a real threat has occurred or may occur to the Profile of the Client, the Client undertakes to change the Passwords immediately or, if the client Client does not have the possibility to do that, notify Paynovate Alphapay thereof immediatelyimmediately (not later than within one calendar day) by the means indicated in Article 10. Paynovate Alphapay shall not be liable for the consequences originating due to the notification failure. 12.6. After Paynovate Alphapay receives the notification from the ClientClient as indicated in clause 12.5, Paynovate Alphapay shall immediately suspend access to the Profile of the Client and the provision of Paynovate Alphapay services until a new password is provided or created for the Client. Paynovate has the right to transmit all collected important information about the Client and their activity to other law enforcement institutions, public authorities and other financial institutions, it such is determined by the legislation, and in order to identify whether this Agreement and relevant legislation have not been or will not be violated. Under the client’s request, the Client’s data may also be transmitted to payment initiation or account information service institutions. Paynovate may refuse to provide an account information service provider or a payment initiation service provider with access to the Client’s Account based on objective and duly reasoned grounds relating to unauthorized or unfair access to the Account, gained by that account information service provider or payment initiation service provider, including unauthorized or unfair payment transaction initiation.