This Privacy Policy explains how EG Fintech Solutions AB (“Precision”, “we”, “us”, “our”) processes and protects any personal data we collect from you, as consumer and merchant’s customer, in order to provide with a service to our clients, the online merchants (“Merchants”), selling goods or services on the Internet, to prevent fraudulent online transactions (“Fraud Prevention” service) when you place an order with such a Merchant, as well as the rights in relation to your personal data.

We do not conduct or fulfill consumer transactions, and, except as otherwise disclosed, we do not collect or receive personal data directly from you, as consumer. Rather, we process transaction data that consumers have provided to our Merchant clients.

We provide to Merchants our Fraud Prevention services that are integrated on their (ecommerce) websites and mobile apps, for consumers to place orders accordingly. For this purpose we collect personal data from you to provide such services to the Merch

The specific type of data collected will depend on the service to be provided, including in but not limited to:Contact information: If you contact us for questions or complaints, we will collect the information related to your inquiry such as name, email address, postal address, telephone number and other contact information;Transaction data: When you place an order with the ecommerce website, we collect various data regarding your transaction that may relate to the purchase and sale of goods or services, website registration, chargeback requests, unauthorized use of a credit card or other form of payment, payment requests or other events relating to a Merchant client’s website, property, or resources such as your:name, email, telephone number, the items you purchased, price paid, shipping information;payment and billing method;Device data: information about the personal computer or mobile device you use to access the Merchant’s website, including its model, its operating system, uniqu

To be allowed to handle your personal data, the applicable data protection legislation obligates us to have a so-called “legal basis” for each of our purposes to process your personal data, as follows:a. What we do (our purposes with handling your personal data):For Fraud Prevention, we use the personal data collected to analyze whether the transaction is fraudulent or not.When you place an order on an ecommerce website, we crunch the aggregate data of your activities across the ecommerce websites of all Merchants we operate (other ecommerce websites and third-party patterns/analytics), to provide a fraud analysis suggesting whether or not the order is, in our assessment, a fraudulent online transaction.Based on the fraud analysis we generate a fraud score to suggest to the Merchant to approve or reject a transaction in real-time accordingly, without involvement and/or decision from the Merchant site on such score and respective suggestion.The Merchant will determine at its own discret

Your personal data will be retained by us for the intended purposes in accordance with applicable data protection legislation and company policies. Upon your request and once your personal data is no longer required to be retained for a longer duration (by applicable laws and regulations), it will be promptly deleted or anonymized in accordance with EG Fintech Solutions AB policies.

However, please note that the period for which personal data is retained is determined by the service agreement between us and each individual Merchant client and may vary based on the type of the service. Specific elements of a transaction (such as an email address or phone number), suspected to have been used in a fraudulent manner will be retained for longer periods consistent with the agreements with Merchants. Consumers should contact the business entities with which they directly share their data to learn how long their transaction data may be retained.