Information memorandum

WHO IS THE DATA CONTROLLER?

 

The supplier W.A.G. payment solutions, a.s., with its registered office at Na Vítězné pláni 1719/4, 140 00 Prague 4, Czech Republic, IČ: 264 15 623 (hereinafter referred to as "EUROWAG"),

The recipient FACTRIS HOLDING BV, ID No KvK 66168058, with its registered seat at Netherlands, Amsterdam, Funepark 1C, 1018 AK and UAB Factris LT1, with its registered seat at Lithuania, Vilnius, Vokiečių g. 26, LT-01130 (both hereinafter referred to as "FACTRIS"), as administrators of your data.

 We collect and transffer your data in principle for the following reasons:

processing is necessary for compliance with a legal obligation to which the EUROWAG and FACTRIS is subject, such as AML and KYC checks

processing is necessary for the performance of a contract to provide factoring services

processing is necessary for the purposes of the legitimate interests pursued by the EUROWAG and FACTRIS in order to ensure credibility checks. This obligation applies to both of the controllers – EUROWAG and FACTRIS

 

WHAT DATA / DOCUMENTS WILL WE PROCESS?

Documents, information and personal data in the range especially: your business or company name, ID number, possible contact, person, telephone number and e-mail, as well as business information in the range: business description, volume and reason, required financing, and balance sheets, a profit and loss accounts and also the internal evaluation of your creditworthiness by EUROWAG.

 

WHAT WILL HAPPEN TO THESE DATA / DOCUMENTS?

They will be handed over on your behalf and continuously shared with FACTRIS. On the basis of strict necessity principle these data will be predominantly shared on the ground of legitimate interests of one of the controllers. FACTRIS will need to access your data in order to execute the obligatory legal checks, to contact you or to conclude a contract. EUROWAG will ask for the data from FACTRIS especially for executing the credibility checks and quick review if factoring services were provided properly.

 

WHY WILL DATA BE TRANSFERRED TO FACTRIS?

To obtain financing (approval and conclusion of the relevant factoring contract) from FACTRIS. FACTRIS will process the personal data transferred in this way in the role of administrator and will act as a data controller in accordance with valid and effective legal regulations governing the protection of personal data. Learn more about the way your data FACTRIS processes and how to exercise your rights via link on Privacy policy | Factris website

EUROWAG PRIVACY POLICY STATEMENT

You can learn more on how EUROWAG treats your personal data via link on Privacy and Privacy Policy

These policies are available on the Web www.eurowag.com and, in addition to general information on the processing of personal data, including the guidance on how to exercise your rights as a data subject.