Acceptable Use Policies – Terms And Conditions – Anti Money Laundering

Acceptable Use Policies – Terms And Conditions – Anti Money Laundering

Terms and conditions

1.1 These General Terms and Conditions (hereinafter “T&Cs”) govern the provision of services from PSP Payment ( Selskabet
Fem ApS ) and any of its subsidiaries and associated partners (hereinafter “PP” or “We”) to any Internet Merchant
or other party (hereinafter “Merchant” or “You”) processing or wishing to process payments through the PP Platform.
1.2 These T&Cs form an integral part of any service agreement entered into between PP and Merchant and apply without
limitation to all payment transactions processed on behalf of Merchant on the PP Platform. 2.1 The definitions in
this section summarize and supplement the definitions contained elsewhere in the Agreement. 2.2 Acquirer – Financial
institution duly authorized to process payments, e.g. from payment cards, electronic checks, and/or bank fund transfers.
2.3 Agreement – the overall agreement between PP and Merchant, consisting of the Principal Agreement and the T&Cs
together. 2.4 Application – the application submitted by Merchant to PP, using the Payment Processing Application
Form, in order to be accepted as user on the PP Platform. 2.5 PP, We – PSP Payment ( Selskabet Fem ApS) and any of
its subsidiaries and associated partners. 2.6 PP Platform – the electronic payments platform developed by PP to handle
a multitude of international Acquirers and electronic payment methods. 2.7 Merchant, You – the party to this Agreement
using or wishing to make use of PP’s payment processing services. 2.8 Principal Agreement – The contract signed by
and between PP and Merchant, governing the main commercial terms, e.g. pricing, of the Agreement. 2.9 Party Parties
– the parties to the Agreement, i.e. PP and Merchant. 2.10 Price Schedule – Schedule of Service Charges attached as
appendix to the Principal Agreement. 2.11 Services – the services covered by the Agreement. 2.12 Settlement – the
payout from Acquirer to Merchant of funds received on behalf of Merchant through the PP Platform, net of processing
fees and other fees due to Acquirer. 2.13 T&Cs – The General Terms and Conditions contained in this document, which
form an integral part of the Agreement between PP and Merchant. 3.1 The PP Platform is a multi-channel, multi-currency
payment solution for processing payment transactions real-time or in batch format over the internet. 3.2 PP distinguishes
between three different methods for submitting payment transactions to the PP Platform: Server to Server, Virtual
Terminal, and Hosted Billing Pages. 3.3 Server to Server allows Merchant to connect to the PP Platform using a number
of different protocols. Customer payment data, e.g. credit card information, is collected by Merchant and submitted
electronically to the PP Platform. 3.4 Virtual Terminal allows Merchant to enter data manually onto an Internet enabled
billing page provided by PP. This solution is typically used for mail order and telephone order (“MOTO”) business,
where customer payment data is provided by mail or telephone. 3.5 Hosted Billing Pages is the full service solution,
where Merchant directs customers to billing pages hosted by PP as part of the PCI certified PP Platform, within which
the customer provides his payment data, allowing the payment transaction to take place. 4.1 PP is a provider of technical
services that facilitate the implementation of agreements between Merchants and Acquirers concerning the processing
of electronic payments. 4.2 To accept payments on the PP Platform, it is customary for Merchant to enter into agreements
with one or more Acquirers, who are integrated with the PP Platform. PP supports the application process by handling
the related document flow on behalf of Merchant. 4.3 The PP Platform and Acquirer agreements enable you to accept
payments from third parties. 4.4 In general, funds received on behalf of Merchant are paid directly from the Acquirer
to Merchant. Transaction fees and Settlement terms are defined in the agreements between Merchant and Acquirers.PP
invoices Service Charges only to Merchant. 4.5 In instances where PP has been duly authorized by Acquirer, acquiring
agreements can be entered directly by and between Merchant and PP, and settlements paid directly from PP to Merchant
according to an agreed schedule. 4.6 PP is an independent contractor for all purposes. PP does not have control of,
nor assumes the liability or legality of, the products or services that are paid for with PP’s services. We do not
guarantee the identity of any customer. Please note that there are risks of dealing with underage persons or people
acting under false pretenses. 5.1 To comply with legal requirements to combat money laundering (AML) and terrorist
financing (CFT), PP has developed a set of Know Your Customer (“KYC”) policies and practices. Our Know Your Customer
Declaration can be found on 5.2 To apply for payment processing through PP, you must properly complete
a Payment Processing Application Form and submit the Application to PP accompanied by the requested documentation.
5.3 PP will review the Application and will notify you of our decision whether to accept the Application or reject
it. PP reserves the right to accept or reject the Application at PP’s sole discretion. 5.4 Integration and test transactions
may be performed, but no live payments can be processed before the Application has been accepted by PP. 5.5 Acquirers
may require direct contracts or application forms to be signed between Acquirer and Merchant. Upon request from Acquirers,
Merchant shall provide PP and Acquirers with additional information relating to Merchant’s business. 6.1 Any Merchant
handling, transmitting or storing personal payment card information is required to comply with the Payment Card Industry
Data Security Standards (PCI DSS) standards, as described on 6.2 Merchants submitting
transactions via the Server to Server and/or Virtual Terminal methods are by definition required to comply with the
PCI DSS Standards. 6.3 Merchants submitting transactions via the Hosted Billing Pages method can, provided they do
not in any other way handle, transmit or store payment card information, rely on the PCI certification of the PP Platform
to cover their PCIDSS compliance requirements. 7.1 An Application will be automatically rejected if it is submitted
from an entity that has a web site or does any other business that violates intellectual property rights or contains
or promotes: 1) any unlawful activities, 2) any discrimination based on race, sex, religion, nationality, disability,
sexual orientation, or age, 3) any other activities covered in PP’s Acceptable Use Policy, as found on
7.2 If, at a later time after the Application is accepted, your web site is found to have any of the above characteristics,
we reserve the right, at our sole discretion, to terminate this Agreement. 8.1 PP respects and protects the privacy
of its merchants in accordance with existing law, including the protection of the use of data on private individuals’
asset out in the EU Data Protection Directive 95/46/EC. 8.2 Merchant agrees to comply with the EU Data Protection
Directive 95/46/EC, the EU Directive 97/7/EC on the protection on consumers in respect of distance contracts, the
EU Directive 2000/31/EC on e-commerce and other relevant law, and to implement appropriate technical and organizational
measures to protect any personal data of its customers. Furthermore, Merchant declares that it will act in accordance
with all applicable law when selling and/or distributing its products/services. 8.3 PP cannot be held liable for Merchant’s
privacy policy, including Merchant’s processing of any personal data of its customers. 9.1 Merchant shall not in selling
its products or in promoting the sale of its products make any reference to or use PP’s trademarks except with the
previous written consent of PP. 9.2 Merchant agrees, with respect to all information and property, including but not
limited to equipment, software, and other materials, supplied by PP under the Agreement, that title to such information
and property shall remain in PP.10.1 PP makes no express or implied warranties or representations with respect to
the Services including, without limitation, warranties of fitness, merchant ability, no infringement, or any implied
warranties arising out of a course of performance, dealing, or trade usage. In addition, we make no representation
that the operation of our Services will be uninterrupted or error-free, and we will not be liable for the consequences
of any interruptions or errors. 10.2 While PP’s services provide its Merchants and their end customers with connectivity
via the internet, PP does not and cannot control the flow of information to or from PP internet data centers to other
portions of the internet. Such flow depends in large part on the performance of internet services provided or controlled
by third parties. At times, actions or inactions caused by these third parties can produce situations in which PP’s
connections to the internet (or portions thereof) may be impaired or disrupted. Although PP will use commercially
reasonable efforts to take actions it deems appropriate to remedy and avoid such events, PP cannot guarantee that
they will not occur. Accordingly, PP disclaims any and all liability resulting from or related to such events. 11.1
The Parties will not be liable to each other, any representative, or any third party for any lost revenue, lost profits,
replacement goods, loss of technology, rights or services, incidental, punitive, indirect or consequential damages,
loss of data, or interruption or loss of use of service or of any equipment or materials, even if advised of the possibility
of such damages, whether under theory of contract, tort (including negligence), strict liability or otherwise. 11.2
Notwithstanding anything to the contrary in this agreement, PP’s maximum aggregate liability to Merchant related to
or in connection with this Agreement will be limited to the total Service Charges paid by Merchant to PP hereunder
for the prior three (3) months period. 11.3 Merchant acknowledges that PP has set its prices and entered into this
Agreement in reliance upon the limitations of liability and the disclaimers of warranties and damages set forth herein,
and that the same form an essential basis of the bargain between the Parties. The Parties agree that the limitations
and exclusions of liability and disclaimers specified in this Agreement will survive and apply even if found to have
failed their essential purpose. 12.1 Except for the obligation to pay money, neither Party will be liable for any
failure or delay in its performance under this Agreement due to any cause beyond its reasonable control, including
act of war, acts of God, earthquake, flood, embargo, riot, sabotage, terrorism, labor shortage or dispute, governmental
actor failure of the Internet, provided that the delayed party: (a) gives the other party prompt notice of such cause,
and (b) uses its reasonable commercial efforts to correct promptly such failure or delay in performance. Failure of
either party to perform under this Agreement, because of a force majeure lasting more than three months will, upon
twenty-four (24) hours’ written notice to the other party, represent a ground for termination only of the service
affected by such event. 13.1 The Term and Termination conditions in this section apply in addition to the conditions
contained in the Principal Agreement. 13.2 Either party may terminate this Agreement immediately, upon giving notice
to the other party, upon the other party’s default. A party is in default of the Agreement if: 1) the party has breached
or otherwise failed to observe a material obligation imposed upon the party by the Agreement, and the breach has continued
un-remedied for a period of at least thirty (30) days following the non-breaching party’s written notice to the defaulting
party that the breach or failure occurred or 2) the party ceases to trade or to pay its debts in the normal course
of business, enters into or proposes to enter into a voluntary arrangement or composition with its creditors, becomes
insolvent, bankrupt or goes into liquidation (other than for the purpose of solvent reconstruction or amalgamation)
or has a receiver, administrator, trustee or similar officer appointed in respect of all or part of its business and
assets or otherwise ceases to be a validly existing corporation or if any analogous event occurs in any jurisdiction.
13.3 PP is entitled to change the Price Schedule upon giving thirty (30) days’ notice to Merchant. If the Price Schedule
is changed, Merchant is entitled to terminate the Agreement with effect from the date of the change by giving written
notice to PP within ten (10) days following receipt of the notice from PP. 14.1 You acknowledge that you have read
the Agreement, have had an opportunity to consult with your own legal advisors if you so desired, and agree to all
the terms and conditions set forth herein. You agree that, in interpreting this Agreement, no weight shall be placed
upon the fact that the Agreement has been drafted by PP, and you shall not assert that the Agreement is unenforceable
or invalid on the grounds that it is a contract of adhesion, that it is unconscionable or any similar theory. You
have independently evaluated the desirability of making use of our Services and are not relying on any representation,
guarantee or statement other than as set forth in this Agreement. 15.1 PP may modify any of the general terms and
conditions contained in these T&Cs, at any time and at our sole discretion, by posting a change notice or new T&Cs
on our web site. If any modification is unacceptable to you, your only recourse is to terminate this Agreement. Your
continued participation in the program following our posting of a change notice or new T&Cs on our web site will constitute
binding acceptance of the change. 16.1 The provisions contained in this Agreement constitute the entire agreement
between the Parties with respect to the subject matter of this Agreement, and no statement or inducement with respect
to such subject matter by any Party which is not contained in this Agreement shall be valid or binding between the
parties. 17.1 This Agreement shall be governed by and interpreted in accordance with the laws of Denmark. 17.2 Any
legal proceeding of any nature brought by either Party against the other to enforce any right or obligation under
this Agreement, or arising out of any matter pertaining to the Agreement, shall be submitted for trial, without jury,
before the maritime commercial court located in Copenhagen, Denmark. The parties consent and submit to the jurisdiction
of any such court and agree to accept service of process inside or outside Denmark in any matter to be submitted to
any such court pursuant hereto.

Anti money laundering

General declaration regarding AML, CFT and KYC for PSP Payment ( Selskabet Fem ApS ) The battle against money laundering
(AML) and terrorist financing (CFT) is an ongoing and continuous process. Since criminals require financial services
in order to launder the proceeds of and fund their criminal activities, payment service providers must be able to
identify and understand the potential risks of their services being used for money laundering and/or terrorist financing,
and implement appropriate administrative processes to prevent, or at least minimize, such risks. Proper Know-Your-Customer
(KYC) practices are central. A strong knowledge of the customer provides a basis for understanding the general activities
in which a customer usually would be expected to engage. This gives the payment service provider an opportunity to
detect unusual and suspicious activities, investigate these appropriately, and alert relevant authorities when required.
In light of our changing environment, it is of great importance that payment service providers and other financial
institutions continually evaluate the strength and relevance of their existing policies, procedures and employee training
programs and, if necessary, update them to address these changes. Money laundering and terrorism not only harm the
public as a whole but can also damage the stability and reputation of the financial sector. It is obviously in society’s
best interests that all reasonable measures to prevent money laundering and terrorist financing are taken. Our Anti-Money
Laundering and Anti-Terrorist Financing Philosophy It is of great importance that payment service providers act to
combat the risks of money laundering and assist governments in the identification of potential terrorist funding activities.
Below follow some of the things we do within PSP Payment ( Selskabet Fem ApS ) : PSP Payment ( Selskabet Fem ApS )
has adopted an Anti-Money Laundering and Anti-Terrorist Financing Policy that requires PSP Payment ( Selskabet Fem
ApS ) to develop and implement effective AML and CFT programs in compliance with applicable laws; Our Compliance Officer
is responsible for developing and applying policies, practices and procedures to prevent money laundering and the
financing of terrorist activities. We have established procedures and routines regarding Know-Your-Customer and Customer
due diligence which, for example, comprise identifying the customer and verifying the customer’s identity on the basis
of documents, data or information obtained from a reliable and independent source (such as public records) and, where
applicable, the beneficial owner. We have established implementation of appropriate controls, regulations and compliance
procedures; Furthermore PSP Payment ( Selskabet Fem ApS ) pays special attention: to understanding the ownership and
control structure of our customers, to obtaining information on the purpose and intended nature of business relationship,
and,to monitoring business relationships, including scrutiny of transactions to ensure consistency of transactions
with obtained information about purpose and intended nature of business relationship; If a customer’s reasons for
a transaction/activity are not clear or understandable PSP Payment ( Selskabet Fem ApS ) takes measures in order to
prevent money laundering or terrorist financing. We rely on those closest to our customers – local branch managers,
relationship managers and customer service personnel – to understand fully with whom we are doing business and to
ensure that the business we conduct on behalf of our customers is legitimate; We have developed and continue to update
policies and procedures that meet or exceed applicable legal and regulatory requirements, and continuously train employees
in them;We have established processes to assist governments in identifying relevant information with regard to suspected
terrorist and money-laundering entities or individuals identified by government agencies (e.g. EU’s and OFAC’s sanction
list). Furthermore we fully co-operate with law enforcement and regulatory agencies to the extent that is possible
in regard to applicable regulation. We have developed procedures that assist in the monitoring of transactions for
the purpose of identifying possible suspicious activity; We recognize that preventing money laundering and identifying
possible terrorist financing activities is an ongoing process that involves constant diligence and the ability to
keep pace with the ever more sophisticated schemes employed by criminals; We have established employee training programs
to educate and assist employees in the ways of preventing anti-money laundering and anti-terrorist financing transactions;PSP
Payment ( Selskabet Fem ApS ) does not allow direct use of correspondent accounts by third parties (payable through
account) to transact business on their own behalf; and PSP Payment ( Selskabet Fem ApS ) does not allow anonymous
accounts. PSP Payment ( Selskabet Fem ApS ) continuously updates its policies and procedures, systems and technology,
and we are training our staff to assure that we are well equipped to combat money laundering and other financial crimes
and assist governments in the war on terrorism. All this is done in accordance with national legislation and international
recognized standards and regulations. We are fully committed to remaining constantly alert to prevent the use of our
products and services by those who would abuse them.

Acceptable use policies

All clients of PSP Payment ( Selskabet Fem ApS ) agree to abide by the following policies. PSP Payment ( Selskabet
Fem ApS ) reserves the right to change and update these policies as it sees necessary. Introduction: The primary purpose
of PSP Payment ( Selskabet Fem ApS ) is to facilitate and manage access to clients’ products and services for consumers.
It is PSP Payment ( Selskabet Fem ApS )’s intention to accept payment from consumers for access to clients’ products
or services with minimal or no interference from PSP Payment ( Selskabet Fem ApS ). However, many banks have specific
guidelines for use of their accounts. In addition, many Service Providers also have specific guidelines pertaining
to general use of the Internet. As the Internet expands, it is increasingly common for an Internet Service Provider,
such as PSP Payment ( Selskabet Fem ApS ), to be blocked from use of another organization’s systems due to violations
of that system’s AUP. Because PSP Payment ( Selskabet Fem ApS ) runs multi-user systems, client actions can have a
severe impact on other clients’ ability to use the system(s). This is unfair to all PSP Payment ( Selskabet Fem ApS
) users. To this end, PSP Payment ( Selskabet Fem ApS ) has developed these Acceptable Use Policies. They are intended
to inform the client of what PSP Payment ( Selskabet Fem ApS ) considers being acceptable conduct in relation to the
Internet, and of what actions we may take, with or without notice, in the event that PSP Payment ( Selskabet Fem ApS
) becomes aware of inappropriate use of its services. This AUP will be used to help PSP Payment ( Selskabet Fem ApS
)’s system administrators’ deal with complaints from users of PSP Payment ( Selskabet Fem ApS ) or other Internet-connected
systems, and to determine when action should be taken. It is expected that the client will follow the policies set
forth herein. These policies are drawn from applicable law and generally accepted standards of Internet conduct, and
are intended to ensure protection of PSP Payment ( Selskabet Fem ApS )’s technical resources, ability to continue
to provide high quality service to the client, and protect PSP Payment ( Selskabet Fem ApS )’s reputation as a service

Acceptable use policies – security

The client is responsible for all use of their account(s) and confidentiality of password(s), including choosing safe
passwords and ensuring file protections are set correctly. PSP Payment ( Selskabet Fem ApS ) will suspend or change
access to your PSP Payment ( Selskabet Fem ApS ) client account(s) immediately upon notification by you that your
password has been lost, stolen or otherwise compromised. PSP Payment ( Selskabet Fem ApS ) is not liable for any usage
and or charges prior to PSP Payment ( Selskabet Fem ApS ) making the necessary account alteration. Electronic mail
on this system is as private as PSP Payment ( Selskabet Fem ApS ) can make it. The client is reminded that no computer
network can ever be considered completely safe from intrusion. E-mail may pass through many computer systems, and
should not be considered a secure means of communication unless encrypted – and even encrypted information is only
as secure as the encryption method utilized.

Acceptable use policies – non-transferability of account

The right to use PSP Payment ( Selskabet Fem ApS ) payment services is not transferable. Use of PSP Payment ( Selskabet
Fem ApS ) services is expressly limited to the individual or business whose name appears on the contract, and is further
limited to the products, services, and websites approved by PSP Payment ( Selskabet Fem ApS ) when entering into the

Acceptable use policies – unacceptable conducts

The following types of conduct are grounds for immediate suspension of service pending investigation by PSP Payment
( Selskabet Fem ApS ) and may result in termination of any and all accounts held by the individual, corporation, or
website associated with these violations. You will also be held responsible for the actions of your business relationships
(Referrers, Associates, etc.) that impact PSP Payment ( Selskabet Fem ApS ). Your cooperation is necessary to insure
that those involved in these relationships comply with PSP Payment ( Selskabet Fem ApS )’s AUP and those of PSP Payment
( Selskabet Fem ApS )’s providers. If they violate any of the following policies, PSP Payment ( Selskabet Fem ApS
) expects you to make certain that they immediately cease the noncompliant action or that you discontinue your association
with them. Continuing violations by your business relationships may result in PSP Payment ( Selskabet Fem ApS ) at
its discretion having to terminate payment to your business relationships or PSP Payment ( Selskabet Fem ApS )’s agreement
with you. 3.1 Spamming or Harassment 3.1.1 Posting a single article or substantially similar articles to an excessive
number of newsgroups (i.e., more than 20) or continued posting of articles which are off-topic according to the newsgroup
charter, or which provoke complaints from the regular readers of the newsgroup for being inappropriate). 3.1.2 Sending
unsolicited mass E-mailings (i.e., to more than 25 users) that provoke complaints from the recipients. 3.1.3 Engaging
in either (1) or (2) from a provider other than PSP Payment ( Selskabet Fem ApS ) to draw attention to a website housed
within PSP Payment ( Selskabet Fem ApS )’s networks or covered by PSP Payment ( Selskabet Fem ApS )’s agreement with
the client. 3.1.4 Engaging in abuse or harassment of other individuals on the Internet after being asked to stop by
those individuals and/or by PSP Payment ( Selskabet Fem ApS ). 3.1.5 Mail bombing, i.e., sending large volumes of
unsolicited E-mail to individuals or to individual business accounts. 3.1.6 Impersonating another user or otherwise
falsifying one’s user name in Email, Usenet postings, on Internet Relay Chat (IRC), or with any other Internet service.
(This does not preclude the use of nicknames in IRC or the use of anonymous retailer services.) 3.2 Network Unfriendly
or Illegal Activity 3.2.1 Attempts, whether successful or not, to gain access to any other system or users’ private
data without express consent of the user. 3.2.2 Attempts to interfere with the regular workings of PSP Payment ( Selskabet
Fem ApS )’s systems or network connections or which adversely affect the ability of other people or systems to use
PSP Payment ( Selskabet Fem ApS )’s services or the Internet. 3.2.3 Any unauthorized attempts by a user to gain access
to any account not belonging to that user on this or any other of PSP Payment ( Selskabet Fem ApS )’s systems. 3.2.4
Any activity, which violates any local, state, U.S., or international law or regulation. 3.3 Violation of PSP Payment
( Selskabet Fem ApS ) Policy 3.3.1 Any attempt to bypass or remove PSP Payment ( Selskabet Fem ApS )’s name, logo,
or customer support link from Internet signup pages hosted by PSP Payment ( Selskabet Fem ApS ). 3.3.2 Sale using
payment services provided by PSP Payment ( Selskabet Fem ApS ) of any products or services, or sale from any physical
shop or Internet website, that has not been approved by PSP Payment ( Selskabet Fem ApS ). 3.3.3 Failure to provide
products or services sold to customer in either a trial transaction, regular transaction, or recurring transaction.
3.3.4 Sale of any products or reproduction or transmission of any material in violation of any local, state, national,
or international law or regulation. PSP Payment ( Selskabet Fem ApS ) makes every attempt in such cases to work with
law enforcement agencies to provide information about the providers and purchasers of such products or material. This
includes the posting or display of any image or wording instructing users how to make or perform devices or situations
that may violate any state, national, or international law. 3.3.5 PSP Payment ( Selskabet Fem ApS ) will not process
for physical shops or Internet websites advertising or selling the following: 1) buyers’ clubs or membership clubs;
2) credit counseling or credit repair services; 3) direct marketing or non-internet type subscription merchants; 4)
infomercial merchants; 5) multi-level marketing businesses; 6) outbound telemarketers; 7) prepaid phone cards or prepaid
phone services; 8) rebate-based businesses; 9) “Up-Sale” merchants; 10) free grants or grant giveaways; 11) cash,
money-making opportunities, or making money at home opportunities; 12) “cash for opinions”; 13) grant/cash money making
schemes; or 14) Pharmaceutical Informational Sites or any site that offer information and/or services in relation
to the purchasing of Pharmaceutical drugs. 3.3.6 Using a sub-account and its signup form for a website or physical
shop that has been approved to process for another URL or physical shop that is not registered to that sub-account
and approved by PSP Payment ( Selskabet Fem ApS ). 3.3.7 The posting or display of any image or wording related to
any website running, participating, or advertising acts allowing any US subscribers to bet or gamble on an uncertain
outcome, or to play a game of chance for stakes. 3.3.8 Any attempt to display, sell, or transfer materials that violate
or infringe any copyright, trademark, right of publicity, patent, statutory, common law or proprietary rights of others,
or contain anything obscene, libelous or threatening. 3.3.9 Display of the trade or service marks of any banks working
with PSP Payment ( Selskabet Fem ApS ) on any webpage or on any physical display material is specifically prohibited
without the express written permission of PSP Payment ( Selskabet Fem ApS ) and the bank. 3.4 Violation of PSP Payment
( Selskabet Fem ApS ) Policy for Internet Merchants 3.4.1 PSP Payment ( Selskabet Fem ApS ) will only process for
escort sites if the site is acting in a directory (i.e.: phone book) capacity. PSP Payment ( Selskabet Fem ApS ) will
not process for websites selling escort services. 3.4.2 The posting, display, or advertising of any image using a
model or models under the age of 18 years anywhere on the website whether the models are clothed or unclothed. 3.4.3
Marketing the website anywhere on the website, including the URL and meta tags, utilizing content including “Kids”,
“Lolita”, “Pedo”, “Peta”, “Peto”, Pre-teen”, ”Pedophile”, “Underage”, “Child” or any other words, images, or descriptions
that would lead someone to believe that the models are less than 18 years of age. 3.4.4 The posting or display of
any image or wording depicting or related to extreme violence, incest, snuff, scat or the elimination of any bodily
waste on another person, mutilation, or rape anywhere on the website, including the URL and meta tags. 3.4.5 The posting
or display of any image or wording depicting or related to bestiality anywhere on the website, including the URL and
Meta tags. 3.4.6 Adult websites must comply with the 18 U.S.C. 2257. Clients must determine their legal responsibility
to and method of complying with 18 U.S.C. 2257 where required to do so. 3.4.7 Any attempt to mislead the consumer
as to the website’s content or actual initial or recurring pricing of the products and services provided. 3.4.8 Failure
to place a clear disclosure of trial periods and any recurring charges conspicuously on the website. 3.4.9 If Client
chooses to utilize a recurring billing option for sites containing members’ areas, the members’ area must be updated
in a time frame that is equal to or less than the rebilling cycle. For example, if Client bills every thirty days,
they must update their members’ area at least every thirty days. 3.5 PSP Payment ( Selskabet Fem ApS )’s Right to
Cancel 3.5.1 In the event client’s account is suspended for unacceptable conduct or suspicion of fraud, the account
may be terminated and all monies held for a period of six months to one year. In addition, PSP Payment ( Selskabet
Fem ApS ) reserves the right, where feasible, to implement technical mechanisms, which prevent the occurrences listed
above. Furthermore, PSP Payment ( Selskabet Fem ApS ) is under no obligation to notify client of its actions. 3.5.2
PSP Payment ( Selskabet Fem ApS ) may deactivate PSP Payment ( Selskabet Fem ApS ) accounts or sub accounts that have
not processed any transactions within a 90-day period or if the PSP Payment ( Selskabet Fem ApS ) join page is not
viewable from the home URL of the venue. Accounts are deactivated in order to minimize the unnecessary operational
cost associated with maintaining them in the system.

Acceptable use policies – monitoring/privacy

PSP Payment ( Selskabet Fem ApS ) reserves the right without your permission to monitor any and all communications
through or with its facilities as well as all Clients’ sites for compliance with this AUP and PSP Payment ( Selskabet
Fem ApS ) Terms and Conditions. PSP Payment ( Selskabet Fem ApS ) may also be required to provide access to Client’s
websites to representatives of banks for monitoring for compliance with their operating rules. Client agrees that
PSP Payment ( Selskabet Fem ApS ) is not considered a secure communications medium for the purposes of the Electronic
Communications Privacy Act, and that no expectation of privacy is afforded. It may become necessary for PSP Payment
( Selskabet Fem ApS ) employees to examine system accounting logs and other records to determine if privacy violations
or other network unfriendly activities have occurred.

Acceptable use policies – cooperation with authorities

PSP Payment ( Selskabet Fem ApS ) reserves the right to cooperate with law enforcement and other authorities in investigating
claims of illegal activity including, but not limited to, illegal transfer or availability of copyrighted material,
trademarks, child pornography, postings or E-mail containing threats of violence or other illegal activity.

Acceptable use policies – confidentiality of personal subscriper information

PSP Payment ( Selskabet Fem ApS ) will not release any client or customer personal subscriber information, nor client
or customer billing information, to any third party except upon presentation of a valid court order, or request to
which PSP Payment ( Selskabet Fem ApS ) is legally required to respond to. Client agrees that PSP Payment ( Selskabet
Fem ApS ) judgment as to the validity of any court order, subpoena, or request shall be considered proper and final.

Acceptable use policies – PSP Payment ( Selskabet Fem ApS ) right to modify these acceptable use policies

PSP Payment ( Selskabet Fem ApS ) may modify these Acceptable Use Policies on its website in any way, at any time.
It is your responsibility to review the AUP on the website on a regular basis to ensure compliance with the latest
version of this AUP. Your use of PSP Payment ( Selskabet Fem ApS ) services after such changes have been posted shall
constitute your acceptance of the modifications to these policies. We hope the AUP is helpful in clarifying the obligations
of Internet users, including PSP Payment ( Selskabet Fem ApS ) and its clients, as responsible members of the Internet.
Any complaints about a client’s violation of the AUP should be sent to PSP Payment ( Selskabet Fem ApS ) – Payment
Processing Solutions.

Our Partners Privacy Policies


Privacy Notice

Valitor (“We, Us, Our”) is a provider of payment Services that includes issuing of cards and acquiring
of card transactions, provision of consumer loans and various other payment related services (“Service”).
As a payment service provider, We may process Your data for variety of reasons in relation to this purpose.

This privacy notice outlines how We use and process personally identifiable information in relation to Our Services.

1.1. Data means any electronic data or information that is processed by Us respective of the Services. Data may include
but is not limited to; personally identifiable information as it is defined in the General Data Protection Regulation,
such as name, address, phone number, e-mail address, and any payment details associated with the Services, including
all transaction and card data. Data may furthermore include any information or data that is processed under instructions
from You; and data or information that Valitor is required to process in order to comply with legal requirements or
it has legitimate interest to process, including information obtained from third parties.

1.2. How Data will be used:  Data may be processed by Us for variety of reasons including but not limited to
ensure compliance to applicable legal requirements, for the purposes of business processes including without limitation
management analysis, audit, forecasts, business planning and transactions (including joint ventures and business sales),
dealing with legal claims and maintaining good governance.  Valitor may anonymise Data and use it for analysis
of statistical trends, carrying out actuarial work, business planning, risk assessment and to analyse costs and charges.

1.3. Data disclosures: To provide the Services, Valitor is required to disclose Data with various third parties, including
but not limited to; government authorities, partners and suppliers of essential services such as financial institutions
and payment schemes. Such third parties may include: 

  • Our partners and service providers. We share Data with service providers who help Us provide the services to You.
    These may include banks and other financial institutions, credit bureaus, website hosting providers, data analytics
    providers, information technology, customer service, email delivery;
  • Third parties that You have authorized to receive such data, for example if You authorize a third-party application
    provider to access Your information. The use of data by a third party authorized by You is subject to the third party’s
    privacy policy and/or terms and conditions;
  • We share Data with entities within the Valitor Group of companies;
  • We use and disclose data as we believe necessary for any of the following purposes: (a) under applicable law; (c)
    to protect Our legitimate interest (d) to respond to production orders from law enforcement, courts, regulatory bodies,
    and other public and government authorities, which may include authorities outside the country You reside in

1.4. Retention period: We take appropriate measures to ensure that any Data is kept only for so long as is necessary
for the purpose for which such information is used and/or to comply with applicable law.

1.5. Transfers outside the European Economic Area: We will ensure, to the extent that any personal data originating
from the European  Economic Area is transferred to a country or territory outside the European Economic Area
that has not received a binding adequacy decision by the European Commission or a competent national data protection
authority, such transfer will be subject to appropriate safeguards that provide an adequate level of protection or
where alternative arrangements are in place to protect the rights of data subjects. 

1.6. Rights under the GDPR: The General Data Protection Regulation (GDPR) has a number of provisions with regard to
the rights of the data subjects. Data subjects have the right to request access to and rectification of personal data,
the right to erasure, the right to restrict processing, object to processing as well as in certain circumstances the
right to data portability. In the case where a data subject has provided consent for the processing of personal data
the data subject has the right (in certain circumstances) to withdraw that consent at any time which will not affect
the lawfulness of the processing before the consent was withdrawn. Data subject are recommended to contact Valitor
at for any request regarding data subject rights. Data subjects have the right to lodge a complaint
to the local Data Protection Authority in the believe that We have not complied with the requirements of the GDPR
with regard to personal data. 

1.7. Security: We are committed to ensure that Data is secure and complies fully with the applicable law. In order
to prevent unauthorized access, use or disclosure We have put in place suitable physical, electronic and managerial
procedures to safeguard and secure the information We process. 

1.8. Changes to this Privacy Notice. We may occasionally update this Privacy Notice. When We do, We will notify you
either by placing a prominent notice on the home page of Our Website or by directly sending You notification. We encourage
You to periodically review this Privacy Notice to stay informed about how We are using and protecting Personal Information
We collect. Your continued use of the Website constitutes Your agreement to this Privacy Notice and any updates that
We may make.

1.9. Opting out of marketing messages. You can ask Us to stop sending you marketing messages at any time by contacting
Us at Where you opt out of receiving these marketing messages, this will not apply to personal
data provided to us as a result of the Services. 

1.10.  Identity and contact details of controller and data protection officer: To get further information relating
to how We processes personal data it is possible to contact Us via email: Our full contact details are Valitor hf., Dalshraun 3, 220 Hafnarfjörður, Iceland. 



click here
 to view our GDPR Brochure.

Read Carefully

By using the services provided by PSP Payment you accept the terms in this page. Please read them carefully to make sure
you are well aware of the different rules and terms.