Quote Originally Posted by 14Funded99 View Post
you're absolutely right. they literally all say it in their iso agreements and no one catches it. they basically own your files its complete trash. half the tier a guys legit tell you their own follow up or renewals department gets to try and contact your client for 6 months then maybe we can resubmit after.
most companies that collect personal data, such as SmartTV companies like Roku or LG, or cell phone manufacturers like Samsung, providers like verizon & at&t, social media companies, even companies like the New York Times, Youtube (google), Amazon to their stores & customers, even your freaking BANK - all of these companies state in their TOS that by signing you consent to them selling your personal data to 3rd parties. these companies make it EXTREMELY DIFFICULT to opt out of such consent, let alone even FIND this verbiage in their terms of service.

EVERY SINGLE FUNDING APPLICATION in modern MCA has this type of language in the application disclosure....

So its not surprising this kind of language is in ISO agreements as well. Not all of them, but many of them. Not surprising in the slightest...anyone who is surprised or think that its messed up, in my opinion, has an outdated understanding of what "privacy" is in the modern day age of the internet.

solution? doesn't really exist. Only strategies you can put into place to try and limit the amount of your deals that get backdoored.
dont include contact information
dont send your best files to funders that YOU KNOW have this kind of verbiage in their iso agreement.
dont send your files to "funders" that YOU KNOW are SUPER BROKERS!!!

even when you do this, if someone at a funder you sent the deal to, wants to backdoor your deal....,theyre gonna find the number, and theyre gonna reach out!

gotta keep your best client close and tell them that other people WILL UNDOUBTABLE be reaching out.

This is unpreventable in our business. You can accept this, ask yourself why, and strategize damage control, or hop on this forum and complain your files being backdoored.