Privacy Policy
This policy outlines Akua’s commitment to protecting the privacy and confidentiality of personal data. As a company specializing in transactional data processing for acquirers, Akua complies with international and local data protection regulations, including the General Data Protection Regulation (GDPR) and Colombian laws.
Definitions
• Personal Data: Any information relating to an identified or identifiable natural person.
• Transactional Data: Information generated during financial transactions, including payment data, purchase histories, and other related financial details.
• Sensitive Data: Personal data revealing racial or ethnic origin, political opinions, religious beliefs, or biometric data.
• Data Controller: The entity responsible for determining the purposes and means of processing personal data.
• Data Processor: The entity that processes personal data on behalf of the Data Controller.
Data Collection
Akua may collect personal and transactional data from users, including but not limited to:
• Identifying details such as names, emails, and contact information.
• Financial information such as transaction history and payment methods.
• Information collected through cookies and similar technologies for improving user experience.
Principles
Akua follows these data protection principles:
• Lawfulness, Fairness, and Transparency: All personal data is processed lawfully, fairly, and transparently.
• Purpose Limitation: Data is only collected for legitimate purposes and not used in a manner inconsistent with those purposes.
• Data Minimization: Only the necessary data is collected to fulfill the purpose for which it is processed.
• Accuracy: Akua ensures that personal data is accurate and up to date.
• Storage Limitation: Personal data is kept only as long as necessary.
• Integrity and Confidentiality: Data is secured through appropriate security measures to prevent unauthorized access or processing.
Data Security
Akua implements appropriate technical and organizational measures, including:
• Data Encryption: Encrypting data during transmission and storage.
• Access Control: Limiting access to personal data to authorized personnel only.
• Regular Audits: Conducting periodic audits to ensure compliance with security standards.
Data Usage
Akua processes personal data for the following purposes:
• Transactional Data Processing: To handle and verify payment transactions.
• Fraud Prevention: Implementing security measures to prevent unauthorized access or fraudulent transactions.
• Customer Support: Providing assistance to users and responding to inquiries.
• Legal Compliance: Ensuring compliance with applicable legal obligations and regulations.
Policy Updates
Akua reserves the right to modify this privacy policy. Updates will be posted on the website and notified through registered contact channels.
This privacy policy incorporates your provided structure and common data privacy practices, with necessary details tailored to Akua’s business and legal framework.