FAQs

Q: Why is this different from and better than other websites dealing with privacy?

A: MoneyForMyData.com is unlike any other “identity” or "privacy protection" website.  The site announces to corporate America that we demand our Constitutional rights regarding our privacy, our identity and our personal data. Through this site and its members, we are announcing that we own our data and we assert our right to share in its value. 

Q: Why is the sign-up free?

A: We want to build the value of each member's data through pooling, packaging and marketing it with a "critical mass" of data from other members. It is in everyone's best interest to have as many members as possible. An upfront charge would be a barrier to the growth we seek.

Q: Should my whole family join?

Q: Can I decide how my data will be distributed, sold or used?

A: Yes, you will determine which of your data will be available for marketing. Every answer you give on our marketing surveys will have a selection button authorizing us to pool and sell your information with data from others. If you select No, then that data will be recorded and stored according to your Agency Agreement with us but it will NOT be added to the data products offered by MoneyForMyData.com. Keep in mind that, in such event, you will not share in the net profit from data sales of that question.

Q: Why is our data valuable?

A. Our data products will compete in the marketplace alongside other company's products containing your data -- now being gathered and used without your express permission and for which you receive no portion of the profit. We believe that our data will be much better than others because it is user-defined and user-permissioned. It will be more accurate than any other data on the market, and thus more valuable. Where others collect data from online sources, credit requests, zip-code demographics and other means, we will be the first to collect data directly from the individuals.

Q: By allowing you to sell my data, am I giving up ownership?

A: Absolutely not! It is your data, not ours. We will sell it only with your permission. We act as your agent.

Q: How will I be paid?
A: As data sales are finalized and payments received, each member will have funds paid into an account similar to a 401(k). You will be allowed to let funds accumulate or withdraw at any time. Each account will be in the member's name, not the company's.

Q: What is the "consumer" part of this story?

A: The economic value of our personal data is primarily based upon our actions as “consumers.” Our consumer data and its value to corporate America gives us (MoneyForMyData members) the leverage to participate in its value and thereby prove we own this data. The result will be a pure C2B model (consumer-to-business), the first such site on the Internet!

Q: What additional benefits are there to membership?

A: We will be collecting your publicly available data to add to your record. You'll be able to review that data - free. We encourage you to also make corrections to errors you find. Unfortunately, such corrections will not bridge to the original source, nor will it be possible to determine the source where some of your data was first recorded. BUT UNTIL NOW, YOU'VE GENERALLY HAD TO PAY TO GAIN ACCESS TO YOUR PUBLIC RECORDS. NOW (when we locate and download your information)YOU'LL SEE THIS DATA FREE! By your contract authorizing us to be your agent in the marketing of your consumer profile, you gain legally sustainable property rights in that data. You also share in the net income from the sale or lease of data products. MoneyForMyData.com does not own your data but has marketing rights granted by you. You also have the right to withdraw your data and de-enroll from membership at MoneyForMyData at any time. You'll also gain access to the privacy tools and info presented by the site to help members better control their financial status.

DATA & SURVEYS

Q: Will my personal information be included in the data products we sell?

A: You control this. Your data is of two types: non-identifiable consumer profile information and personally identifiable information (known as “PII”). All data that you “enable” receives the protection of being owned by you.

Q: Why do I have to fill out a survey every few months?

A: The surveys serve several important purposes. First, these are a convenient way to collect and store your data. This data will become part of your protected data, owned by you. Then, survey results will populate the data products at MoneyForMyData to build the superior, gold-standard marketing data that will be marketed in order to prove your ownership. These data products will compete with data brokers that “borrow” your data to make millions of dollars.

Q: Why do some of the questions seem repetitious?

A: Marketing data includes profiles, likes and dislikes and lifestyle activities. All sorts of information on how we live our lives and what products we buy is very valuable to companies. Our guide in designing survey questions is to match closely the data about us that's already “out there.” You control what questions you answer, remembering that answering all questions truthfully will maximize your data ownership and profit participation. Questions may be repeated from time to time to identify changes – our habits and activities vary through time. Capturing these changes creates longitudinal data and increases its value. The value of data produced over time is used by data brokers whenever possible. For example, a birth record may lead to an advertisement for car insurance (covering your child) 16 years later.

Q: What are the various sources of data in my personal data file?

A: The primary source of the data in your account is you. By answering the survey questions, you populate your data record with recent, accurate data. Remember, the data you enter is the data in which you are establishing property rights. This primary benefit is reduced if you enter (and protect) incorrect data. This could also result in a failure of legal protections if a court were to decide that data in your record is purposefully false. You should also choose "Yes" to allow your data to be used for marketing and advertising purposes. This results in revenue sharing AND in proving your economic expectation, an important element in proving you own your data.

Q: Can I decide how my data will be distributed, sold or used?

A: Unfortunately, we'll all lost the ability to decide how our data is used and sold a long time ago. Your membership will allow you to take back your data ownership and control. How it is used here will be similar to how other advertisers, websites and ad networks use it now, without your permission or compensation. You should answer all survey questions and choose to share your data for marketing use - this is the only way you'll derive ownership and start to share in your data's economic value. You can always choose "NO" don't share and you can always manage your data by correcting and updating it. But remember, opting out with "NO" means you can't prove your own that data in court, and you lose the revenue -- we won't have the revenue either . . . we only make money when YOU make money!. 

PROFIT PARTICIPATION

Q: How much will I receive and how does it work?

A:  Our responsibility under the agency contract with you is to design the surveys, collect the data, organize it in your secure database record, analyze it and organize it into data marketing products much like those sold by many other "data mining" companies. We will advertise your data, market it and collect the revenue, then share  the net profits with you according to the pro rata amount of data you store here. The process will establish your property rights in your data. You will also gain further control if you join Do Not Track Registry. You'll be able to join a new movement to stop tracking, and you'll make money on this service as well. And if you register your cell phone number, we'll use this to challenge and stop cell phone ads being delivered, also generating revenue on this service (see http://www.DoNotTrackUs.com).

Q: What are the possible uses of my data?

A: Your data will be pooled  with similar consumer profile data of other members and packaged in consumer profile marketing data products in the same manner this occurs in other data mining companies – except these products will generate income that is shared with you.

Q: Who are the potential recipients?

A: Purchasers will typically be large consumer goods companies and advertising agencies. When a prospective data client wishes to order data products from MoneyForMyData, the company goes through a vigorous approval process, including a review of its privacy policy. The prospective client must be approved. If an organization is approved, it must sign a contract where it agrees to abide rigorously by the information controls we (and you) have specified. Under this contract, the client promises to follow your specific instructions with regard to this information. If you have marked some of your data DO NOT SHARE, that information was NOT included in our data products and won’t be contained in the products we market and sell, lease or license. If the client company in any way violates its contract, it will immediately be removed from the approved company list and legal action will be taken against them.

ACCESS & SECURITY

Q: What steps are taken to ensure accuracy and security for my data?

A: MoneyForMyData's data security team runs verification routines on survey data. Inaccuracies are flagged and deleted. Also, corrections and additions may be generated by searching public databases. You may also be automatically notified of inaccuracies during surveys and corrections requested.

Q: Do you have backup policies, storage and business resumption activities?

A: In recent years, data fraud has occurred where data brokers have been willing to sell your data to thieves posing as legitimate companies. This will not happen at MoneyForMyData. Clients of our data products will not be accepted without being verified by Dun & Bradstreet or a similar verification source to confirm the prospective client’s financial and business status.

Q: Can I review my data for accuracy and to update the information?

A. Yes. You can review your data anytime you wish. The data is “view only” so random edits are not enabled. But if any data has changed or is incorrect, go to VIEW MY ACCOUNT after logging in.

Q: How should I communicate changes, inaccuracies or incomplete data?

A: We ask that you periodically review your data for accuracy. When you do that, you can make instant changes/corrections and your records will be updated.

Q: Do you have backup policies and business resumption activities?

A: Yes. Security, backups and business recovery are mission critical and are primary activities of the IT unit.

Q: What security practices do you use?
A: MoneyForMyData hardware and software, policies and procedures contain the following:

• An n-tier architecture and separate server platforms for development, QA and hosting. This design protects the database from attack in the Internet-capable layer.

• Critical situation procedures provide immediate escalation of certain instances of anomalies and specific monitored instances of “out-of-spec” conditions.

• Processes for “Lessons Learned” result in revisions and training of operations following an incident.

• Collection and management of issues during ongoing system audits facilitate risk assessment/handling and change management opportunities.

Q: What other security features does MoneyForMyData utilize?

A: We utilize managerial, electronic and physical safeguards to protect your privacy and the security of your data. technical steps have been taken to ensure data integrity/security include coverage for data sources, accuracy and authentication. We also have in depth business recovery policies and hot site contracts in place.
Our security goal is to prevent harm to a Member related in any way to their membership in . Our security policies and procedures go beyond standard IT security practices to recognize your expectation of ownership, and guard against risks of misuse or misappropriation of data.

LEGAL

Q: How does your legal strategy help me own my data?

Your privacy rights arise in the 4th Amendment to the Constitution, which guarantees you the right to be secure against unreasonable searches and seizures. but courts have decided that, while confidential business information is treated as a property right, your confidential personal information is not ! Anyone who wants your information can buy it, keep it and use it except you! And if you go to court to fight this, you'll lose. Corporate America and the government have no reason to give up what's very valuable to them. To change this, here's what we must overcome:

No Expectation of Privacy: 

         You and I have no choice but to utilize the technologies presented us by banks, Internet service providers (ISPs), etc. Of course bank tellers can see our account when we make a transaction – the courts say we cannot claim privacy because we know that the teller can see our account when we come in to make a deposit!
         Your enrollment, storing consumer profile data and engaging us as your agent to market this data will prove an expectation of privacy. The size and dedication of the network of members at Pridatco will be key to the articulation of these societal values.

Assumption of the Risk:

         Fourth Amendment rights are limited when a Plaintiff knowingly exposes his data.In today's culture it is not possible to conduct our business while also demanding the privacy expectation would the courts ask that we participate in banking and other financial services while demanding no teller be allowed to see our account number when we make a deposit! When we sign up with an ISP (the only      way to use the Internet), we are required to provide data to set up our account, billing, etc. We have then agreed to all the risks of being on the Internet by “giving up” that data, but not if we affirmatively claim our rights. FFOr example, if forced to provide sensitive billing information to the electric company, you can give notice that your data is not to be used for anything other than needed to provide you the service and conduct payment. This site will be making available template letters for this use..

Expectation of Economic Gain & Insufficient Proof of Damages:

          If no one is paying you for your personal data, you will not be able to prove any loss or damages in many cases, especially where statutes require proof of loss as a condition of recovery. Pridatco data will be combined with other members data to produce products in competition with other data companies who have been “borrowing” your data and making money from it. You will be making money from the profit sharing and will be able to OWN YOUR DATA and prove it legally.