GroupEx Privacy Policy

It is the policy and practice of GroupEx Financial Corporation (“GFC”) to protect the confidentiality and security of all non-public personal information regarding the consumers who utilize its products and services (“personal information”), in strict compliance with applicable law, including the Gramm-Leach-Bliley Act (15 USC § 6801-6809) and the California Financial Information Privacy Act (Cal.Fin.Code §§ 4050-4060). 

Collection of Personal Information
GFC collects personal information regarding its consumers in the course of initiating and processing their transactions. The personal information that is collected includes contact information, such as the consumers’ names, addresses, and telephone numbers, and financial information, such as the amounts of remittances and the serial numbers and face value amounts of money orders. In processing their transactions, GFC also may collect contact and certain financial information regarding the beneficiaries designated by the consumers.

Safeguarding Personal Information
GFC stores and processes personal information through its own computer systems and protects it by maintaining physical, electronic and procedural safeguards in compliance with applicable federal and state laws. GFC uses computer safeguards such as firewalls and data encryption, enforces physical access controls to its buildings and files, and authorizes access to personal information only to those employees who need to know that information to provide the products or services authorized by the consumers. 

Use of Personal Information
GFC discloses personal information about its consumers (1) as needed to service or process the transactions that the consumers initiate, and to effect, administer, and enforce their transactions, and (2) as authorized or required to do so by law. 

GFC also may disclose the personal information of some consumers to service providers, such as printing services, marketing services, and mailing house services. In those instances GFC takes additional measures to protect the confidentiality and security of the personal information: GFC provides statutory privacy notices to those consumers; and GFC does not disclose any personal information to the service provider unless it agrees that it will not disclose the information to others and will not use it other than to perform the services contracted for by GFC. Also, the disclosure is limited to contact information. The consumers’ financial information is not disclosed to the service provider.

On occasion, it is necessary for GFC to disclose personal information relating to some of its consumers to third parties, such as to jointly create and offer new products and services. In those instances, GFC both provides the requisite privacy notices and provides the consumers with opt out (or opt in) notices that give them the opportunity to restrict the sharing of their personal information. The third party is prohibited from disclosing the personal information to others and from using it for its own purposes.          

[GFC-PP: 6/13/07]