“National Cashback and banking secrecy: PrivatBank commented on accusations of data disclosure
4 December 22:56
The data that PrivatBank transmits within the framework of the National Cashback program is used exclusively for the calculation and accrual of cashback. This was reported by Komersant ukrainskyi with reference to the press service of PrivatBank.
Social networks and the media have begun to write that the use of the National Cashback card from PrivatBank allegedly implies the automatic consent of customers to transfer data on payment transactions to third parties.
In particular, the application for opening a current account contains the client’s consent to transfer information about their payment transactions to third parties in accordance with the current resolutions of the Cabinet of Ministers of Ukraine.
According to PrivatBank, the statement about the alleged disclosure of secrecy is a distortion of the condition that is important for the National Cashback initiative.
“We would like to assure you that our Bank operates exclusively within the limits set by the regulatory acts, and the data transmitted is used exclusively for the calculation and accrual of cashback,” PrivatBank said.
The bank’s press service also said that transparency and honesty in cooperation with clients always come first. They noted that they care about the security of banking secrecy and personal data of their clients and act exclusively within the law.
At the same time, they drew attention to the fact that Ukrainian legislation requires that each user sign a written permission to disclose banking secrets before opening a National Cashback account. Therefore, PrivatBank, like all program participants, transmits only information about spending transactions or returns of goods in stores that are registered as sellers of Ukrainian goods.
PrivatBank states that any other transactions or customer data are not disclosed.
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How to get a thousand hryvnias from Zelenskiy through Diia
The option “Get 1000” to the National Cashback card will appear in the Diia app, and after using it, the money will be credited to the account.
Those who have already issued a National Cashback card and receive payments under this program do not need to do anything else.
Those who do not yet have a National Cashback card should take the following steps
- open a special account in your account – this can be done at a branch or through the application
- receive a virtual or physical card;
- give the bank permission to transfer information about transfers from selected cards;
- update the Diia app, select the National Cashback service, and specify the number of the issued card.
When the program is launched, the “Get 1000” option will appear in Diia, and after using it, the money will be credited to the account.
However, one thousand hryvnias from Zelenskyi will be available not only through Diia.
