Protecting the Confidentiality of Nonpublic Personal Financial Information
MicroFinancial Inc. and its subsidiaries, Leasecomm Corp. and TimePayment Corp. (collectively referred to as "we", "us", or "our"),
This Statement discloses the information gathering and dissemination practices for each of
our businesses and our website. This policy applies to all consumers who
seek, and all customers who utilize our financial services primarily
for personal, family, or household purposes. This policy does not apply to
the practices of any companies other than MicroFinancial Inc. and its
We protect the information that we maintain by employing industry standard
security procedures to minimize the risk that information will be subject to
unauthorized access, alteration, or destruction. For example, we operate secure data
networks protected by secured socket layers, a firewall and password protection
systems. In addition, we utilize various physical security measures, such as:
cipher locks on all computer room doors and key card access to all buildings.
Only authorized employees and the representatives of authorized vendors who need
that information to do their jobs, have access to the nonpublic personal financial
information that we maintain. In those cases, the information provided is strictly
limited and job specific.
Collection and Use of Information
We collect certain information from visitors to our websites. Examples
of such information include the total number of visitors, time of day, referring pages,
IP address, domain name, browser version and page flow throughout the visit. The
information is tracked and presented in aggregate numbers so that we can analyze how
and when the site is accessed. This guides us on how to improve navigation, content,
features and functions. We also collect nonpublic personal financial information on
contact forms, vendor applications and lease applications. This information is collected
and maintained for appropriate business reasons. For example, it may be used to make
an appropriate response or to make credit decisions. Examples of the categories of
nonpublic personally identifiable financial information that we maintain concerning
your transactions with us, information contained on your application or on other forms
submitted by you, and information received from credit reporting agencies, include:
Social Security Numbers
Gross income figures
Information on checking accounts
Credit and payment history
Whether you own or rent your residence and the length of time that you have
resided at your current address
The name of your employer, together with that employer’s telephone number
and the length of time that you have been employed with that employer
We may share your information with our affiliated companies as permitted
by applicable law.
Sharing of Information with Third Parties
We may disclose non-public personal information to third parties in the following ways:
To law enforcement officials, as permitted or required by law
To credit reporting agencies to fulfill credit reporting requirements
To third-party service providers who provide services to us (including
To auditors, for regular auditing or merger and acquisition purposes
To our financing sources for financing purposes, such as
asset-based financing transactions
To potential buyers in connection with the sale, securitization, or
similar transaction involving one or more customer accounts
To respond to subpoenas, court orders or legal process
To investigate, prevent, or take action regarding illegal activities,
suspected fraud, situations involving potential threats to the physical
otherwise required by law.
We may transfer information about you if we are
acquired by or merged with another company. At this time, we do not sell
or disclose any of our consumers, customers’ or former customers’ nonpublic personal
information, to third parties for any reason, other than those described above.
purposes, some of which are to make our site navigation quicker and more
convenient for you and to analyze page flow and usage. Enabling cookies
on your computer is required to use TimePayment Direct. This will allow
you to use the full range of features of the TimePayment Direct website.
These cookies are session specific and expire at the end of your session.
Notification of Changes to this Policy
We reserve the right to amend, alter, or change this policy. In the event of such a change,
we will notify our customers and former customers of the changes as required by law and post the revised policy on our website.
Authorization and Consent to Use Information
By providing information to us, you authorize and consent to
our use of such information in accordance with this Privacy Statement.
Corporate Headquarters: 16 New England Executive Park, Suite 200, Burlington, MA 01803 (781)994-4800