Information we collect from you. We collect information when you establish a Family Money account, including your name, address, email, date of birth, Social Security Number and other profile data, as well as information about the financial institution and account you wish to use to fund your Family Money account. This information is collected for identity verification purposes and to comply with legal requirements applicable to the financial institutions who have partnered with us to provide the Family Money services. Before creating a sub-account for a child, the primary account holder parent or legal guardian must: 1) provide the name, address, email, and date of birth of the children, and 2) consent to our collection of information from the children, in order for them to use the app.
We also collect information about your device and your use of the Family Money Service. This information includes your mobile number, device identifiers, device type and operating system, and information about the app features you use and your interactions with them. This includes account usage, money transfers, purchases, feedback you provide and in-app communications.
Information we collect from your child. When your child uses the Family Money app, we collect a user name, password, profile picture, device information (including device type and operating system details), information about the app features your child uses (including usage, money transfers and card lock activity), and in-app communications from your child to you, such as notifications and pictures of completed chores.
We also receive information from MCB about your child’s card activity including purchases your child makes which we display to you in the Family Money app.
Information we collect is used to deliver, maintain, support and improve the Family Money Service.
We do not collect more information from children than is reasonably necessary for Verizon to render Family Money services.
Family Money does not enable children to make their personal information publicly available.