(Last updated: April 23, 2021)
WHAT DOES NEW FOUNDATION LABS, INC. (“OTTO”) DO WITH YOUR PERSONAL INFORMATION?
Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.
The types of personal information we collect and share depend on the product or service you have with us. This information can include:
- Social Security number
- Employment information and income
- Account balances
- Checking account information
Reasons we can share your personal information
Does Otto Share?
Can you limit sharing?
For our everyday business purposes – such as to process your transactions, maintain your account(s), respond to court orders and legal investigations
For our marketing purposes – to offer our products and services to you
For joint marketing with other financial companies
We don't share
For our affiliates’ everyday business purposes –information about your transactions and experiences
For our affiliates’ everyday business purposes — information about your creditworthiness
For our affiliates to market to you
We don't share
To limit sharing
Email us at support@Ottopay.com.
Please note: If you are a new customer, we can begin sharing your information thirty (30) days from the date we send this notice. When you are no longer our customer, we continue to share your information as described in this notice. However, you can contact us at any time to limit our sharing.
Who we are
What we do
How does Otto protect my personal information?
To protect your personal information from unauthorized access and use, we use security measures that comply with industry standards. These measures include computer safeguards and secured files and buildings.
How does Otto collect my personal information?
We collect your personal information, for example, when you:
- Open an Otto account or provide account information,
- Give us your contact information
- When you use the Otto Services
Why can’t I limit all sharing?
Federal law gives you the right to limit only
- affiliates from using your information to market to you
- sharing for nonaffiliates to market to you
- for joint marketing with other financial companies
State laws and individual companies may give you additional rights to limit sharing. See below for more on your rights under state law.
Companies related by common ownership or control. They can be financial and nonfinancial companies.
New Foundation Labs, Inc
Companies not related by common ownership or control. They can be financial and nonfinancial companies.
- Nonaffiliates with whom we may share can include (i) other financial services companies (including other financial institutions, such as banks) and (ii) non-financial service providers such as hosting platforms, KYC/AML and fraud protection vendors, sanctions screening vendors, data processors, marketing partners, and API integrators.
Other Important Information
The below are disclosures related to information that we may collect, use, or disclose outside of the context of U.S. financial information laws.
We may collect your contact information, to the extent you provide it to us, such as by signing up for a blog post, emailing us, or otherwise submitting an inquiry to us via our Website or Services.
Cookies and Other Tracking Technologies
Otto uses “cookies” and similar technologies (e.g., pixel tags, SDKs) to track your use of the Website and Services. These technologies collect information in relation to your experience on our Website and Services, such as pages clicked, navigation path, bounce rates, actions taken (typically called “events”), and other metrics.We and our vendors use these technologies to optimize our Website and Services and understand user engagement in relation thereto.
Like most websites today, our servers may keep log files that record data each time a device accesses our Website or Services. The log files may contain data about the nature of such access, including the device’s IP address, user agent string (e.g., operating system and browser type/version), and referral URL (i.e., the external source by which you arrived at our Websites or Services, or the pages you’ve clicked on while on our Websites or Services). We may use these log files for purposes such as assisting in monitoring and troubleshooting errors and incidents, analyzing web traffic, or optimizing the user experience.
You can manage your receipt of marketing communications by clicking on the “Unsubscribe” (or similar) link located on the bottom of an applicable Otto marketing email and following the instructions found on any page to which the link may take you. Note, however, that you cannot opt-out of transactional or administrative emails.
Otto retains your personal information for as long as it is deemed necessary and relevant by Otto for Otto’s operations unless a longer or different retention period is required or permitted by law.
Your California Privacy Rights
“Do Not Track”We do not respond to “Do Not Track” signals or similar mechanisms at this time.
In addition to the purposes described above, we may collect, use, or transfer your information (a) as part of, or during negotiations of, a merger, consolidation, sale of our assets, as well as equity financing, acquisition, strategic alliance or in any other situation where personal information may be transferred as one of the business assets of Otto, (b) for purposes of responding to requests by law enforcement, regulators, and other government bodies, (c) in aggregated or anonymized fashion for further analysis and optimization of the Website or Services, (d) for our everyday businesses purposes, or (e) as otherwise permitted by applicable law.
If you have questions or concerns regarding this statement, or if you have any questions or suggestions, please contact support@Ottopay.com.