Common use of Vaulting Tool Clause in Contracts

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.

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.

Vaulting Tool. If you use the Vaulting Tool, before collecting your customers’ ' Card Data, you will: 7.2.1 7.2.1. notify your customers that: 7.2.1.1 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 7.2.1.2. the customer can update the information; and 7.2.1.3 7.2.1.3. the customer can revoke the consent; and. 7.2.2 7.2.2. obtain your customers’ ' consent to collect and use that information on the above basis; and; 7.2.3 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.