Common use of Derived Data Clause in Contracts

Derived Data. For Services where Verifone is collecting or processing transaction data for Merchant, Merchant acknowledges that Verifone may collect and share with partners data from Merchant’s transactions, with any sharing in aggregate and anonymous form only (for statistical and other purposes); however, such data shall not include any “cardholder data” under Payment Card Industry Security Standard’s Council rules, any of Merchant’s or a customer’s personally identifiable information, Merchant’s or a customer’s personal financial information or any other data that Verifone may be prohibited from collecting or sharing under applicable privacy laws. Merchant agrees that Verifone may use such data for purposes of data analytics and optimizing or otherwise enhancing its products and services. Verifone will comply with all applicable laws and regulations with respect to any use, sharing and dissemination of this data. In accordance with Verifone’s use of derived data, Verifone reserves the right to anonymously track and report Merchant’s activity inside of the Point Service components. This paragraph shall survive any expiration or termination of this Agreement.

Derived Data. For Services where Verifone is collecting or processing transaction data for Merchant, Merchant acknowledges that Verifone may collect and share with partners data from Merchant’s transactions, with any sharing in aggregate and anonymous form only (for statistical and other purposes); however, such data shall not include any “cardholder data” under Payment Card Industry Security Standard’s Council rules, any of Merchant’s or a customer’s personally identifiable information, Form Rev Date: 02-05-15 Merchant’s or a customer’s personal financial information or any other data that Verifone may be prohibited from collecting or sharing under applicable privacy laws. Merchant agrees that Verifone may use such data for purposes of data analytics and optimizing or otherwise enhancing its products and services. Verifone will comply with all applicable laws and regulations with respect to any use, sharing and dissemination of this data. In accordance with Verifone’s use of derived data, Verifone reserves the right to anonymously track and report Merchant’s activity inside of the Point Service components. This paragraph shall survive any expiration or termination of this Agreement.