Privacy Policy
Veripay AI, LLC values the privacy of our customers and is committed to safeguarding the personal information we collect.
Version: v1.1 • Last Updated: August 1, 2025
This privacy policy explains how we collect, use, and share personal information when you use our services, including our website and payment processing services.
We collect personal information that you provide to us directly or to our customers, such as when you create an account, make a payment, or receive a payment. This may include:
- Your name, email address, and phone number
- Payment information
- Information from third parties, such as credit bureaus and fraud detection services, to verify your identity and prevent fraudulent transactions
We use your personal information to provide and improve our payment processing services, including:
- Processing ACH and RTP payments
- Verifying your identity
- Communicating with you about your transactions
✅ We never sell your personal information to third parties.
However, we may share your personal information with:
- Our third-party payment processors
- Their sponsor banks, ODFI partners, or data processors
as necessary to provide and improve our payment conduit services and payment processing.
We may also share personal information as required by law (e.g., subpoena, court order) or to protect the safety, rights, or property of our company or others.
We implement industry-standard security measures to protect your personal information, including:
🔒 Data in Transit
Encryption using TLS 1.2
🛡️ Data at Rest
SHA256 encryption
🖥️ Infrastructure
Secure server environments
🔍 Monitoring
Continuous security monitoring
Important: No method of transmission over the internet or electronic storage is completely secure, and we cannot guarantee absolute security.
We retain personal information as long as necessary to fulfill the purposes outlined in this policy, unless a longer retention period is required by law or consented to by you. When personal information is no longer needed, we securely delete or destroy it.
We comply with privacy laws such as:
CCPA
California Consumer Privacy Act
GLBA
Gramm-Leach-Bliley Act
GDPR
Best practices compliance
These rights may include:
- Requesting access to or deletion of your personal information
- Opting out of the sale of personal information
Exercise Your Rights: Contact us at privacy@veripayai.com
We will respond within a reasonable time frame and may require identity verification.
We carefully select and monitor third-party processors, holding them accountable for handling personal information in compliance with this privacy policy.
We do not knowingly collect personal information from children under age 13. If we become aware that we have done so, we will delete it promptly.
We do not use personal information for marketing purposes. If this changes, we will obtain explicit opt-in consent in compliance with privacy laws.
We may update this policy to reflect changes in our practices or to meet legal requirements. Updates will be posted at: veripayai.com/privacy
Privacy Inquiries: privacy@veripayai.com
This Privacy Policy is effective as of August 1, 2025