Stripe’s Use of Verification Data Clause Samples
The "Stripe’s Use of Verification Data" clause defines how Stripe is permitted to collect, use, and process data provided for identity or account verification purposes. Typically, this clause allows Stripe to use information such as government-issued IDs, business documents, or other personal data to confirm the identity of users or businesses using its services. It may also specify that such data can be shared with third-party service providers or regulatory authorities as required. The core function of this clause is to ensure compliance with legal and regulatory requirements, prevent fraud, and maintain the security and integrity of Stripe’s payment platform.
Stripe’s Use of Verification Data. Verification Data is Protected Data for purposes of this Agreement. As part of the Stripe Identity Services, unless the Stripe Identity Services Documentation specifies otherwise, or you instruct Stripe not to do so, Stripe may generate and provide to you verification results and Optical Character Recognition (OCR) results from any documents submitted through the Stripe Identity Services, which results are Stripe Data for the purposes of this Agreement.