Your personal privacy is important to Byron Bank. You have the right to know how we collect, retain and use information about you. Byron Bank has always stressed protecting your confidential information. We have set high standards designed to prevent any misuse of your data.
Customer Identification Requirements
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We will also ask to see your driver’s license or other identifying documents.
BYRON BANK EMPLOYEES
Beginning with their interview we stress confidentiality to our employees. We remind them regularly of this obligation. The sensitivity of your financial information makes employee misuse a very serious matter which can result in their termination.
WITH THIRD PARTIES
Byron Bank chooses vendors and service companies that assist us in providing quality products and services to you. In these cases they only have access to your name and address, not to any personal information. We are very strict with the companies we choose. They are not permitted to release, use for other purposes, or sell this information. Byron Bank does not sell customer information to outside parties. We exchange certain information about our customers with selected credit reporting agencies in accordance with standard banking industry practice. Also, realize that when you get a mortgage it is filed with the county and it becomes public knowledge. There may be occasions when we are legally required to disclose information about you such as for a subpoena, to prevent fraud, or to comply with a governmental agency.
ACCURACY AND RIGHT TO CORRECT
We always strive to maintain complete and accurate information about you and your accounts. However, we are human and errors can occur. We will always personally investigate your concerns and correct any inaccuracies. Under the Fair Credit Reporting Act you have the right to notify us if you believe we have reported inaccurate information about you to any Consumer Reporting Agency. Please notify us in writing at Byron Bank, P.O. Box 901, Byron, IL 61010.
COMPUTER AND INFORMATION COLLECTION
When you open an account or receive a loan from Byron Bank that information is entered into our computer system. We do all of our own computer work here at the bank. We have done this since 1988. All employees are given limits of access to the computer. In this way they can only look up information that pertains to their job duties.
BYRON BANK WEB SITE SECURITY
Byron Bank understands the importance of your personal and account information. We also understand that our success relies on our ability to offer financial services to you in a secure manner as well as your responsibility in keeping any access codes, passwords and PINs secure. We have and will be setting up even more measures to properly authenticate your identity when you access services through your PC. Byron Bank uses a protection mechanism known as a firewall to protect our computer systems and your information. You will need to use access codes when you use our online banking capabilities.
Visitors to our website remain anonymous. We do not collect identifying information about you unless you voluntarily provide it and knowingly provide us that information. We do collect general information about your visit, such as when you accessed our site, what pages you visited, and the Internet provider you use. But, this is done in summary format with no identifying of the user. You may elect to provide us more specific information, such as when you give us feedback or send us an email. If this occurs, the information is only used internally.
Online Banking System
The latest in Internet Security and User Authentication is employed so that data being transmitted through the Online Banking System (“OBS”) is secure from unauthorized access. By providing the latest technology with authenticated access to the web server, your Online Banking transactions are secure. The following outlines the methods in place to secure your privacy:
DIGITAL IDS FROM VERISIGN
The IBS system uses digital IDs certified by Verisign, an industry leader in digital identification certificates, to authenticate user information and provide access to the data through the system. Digital IDs work off of a matched key setup where the server has a “private” key issued only to the server and a “public” key widely distributed to the bank’s customers. A digital ID requires a matched pair of keys that are unique to each other to encrypt and decrypt data. With this setup, transactions created, encrypted, and transmitted by bank customers using the public key can only be decrypted by the other key in the pair running on the server. The Online Banking System, combined with digital ID authentication through Verisign, allow the server to implement Secure Sockets Layer (SSL) protocol, the standard technology for secure web-based communications. With SSL, data traveling between the bank and customer is encrypted and can only be decrypted through the pairing of the public and private key pair. SSL capability is built into the server hardware and browsers, but requires a digital ID to be functional.
Server access is protected using a firewall computer and the leading firewall software. Firewall computers provide secure access to the web server and its software by only allowing authorized traffic to hit the server. Information submitted to the bank through e-mail or through the submission of applications is used internally to process requests and respond to customer e-mail. This information is not distributed or sold to other organizations.