Agree Terms and Conditions

These terms and conditions ("Terms") apply to and regulate your use of Modern Exchange app login service

1. By undergoing the registration process to use Modern Exchange fingerprint login service, you accept and agree to these Terms. If you do not accept these Terms, please click on CANCEL and not continue with registering your fingerprint, for enabling logging into the App.
2. Modern Exchange fingerprint login service is a service where you may use your fingerprint, registered on a permitted mobile device, in lieu of your Modern Exchange login process (password, security question & answer followed by Phishing image & caption), as a security code to confirm your identity to access the exchange’s mobile services.
3. Modern Exchange fingerprint login service on Modern Exchange app login service is provided as part of the Modern electronic services, and accordingly:
   1. these Terms are in addition to and shall be read in conjunction with the Modern Exchange’s Customer Terms and any other documents forming part of our Modern Exchange agreement (and any reference to the terms and conditions of the Customer Terms shall include reference to these Terms)
   2. the meaning of key words printed like this and other words used in our Modern Exchange agreement is explained in our Customer Terms. Some additional key words which apply to the services referred to in these Terms are explained at the end of these Terms; and
   3. in the event of any conflict or inconsistency, these Terms shall prevail over the Customer Terms and to the extent of such conflict or inconsistency.
4. You acknowledge and agree that in order to use Modern Exchange fingerprint login service:
   1. You must be a valid user of our mobile app services;
   2. You must install our Modern Exchange app using a permitted mobile device;
   3. You will need to activate the fingerprint function on your permitted mobile device to control access to the mobile device
   4. You will be required to undergo a registration process using your Modern Exchange online/Mobile username and password to choose to use the fingerprint identification you store on your permitted mobile device for accessing our mobile app services. Upon the successful registration process, the fingerprint identification stored on your permitted mobile device will be YOUR security code.
   5. You must ensure that only YOUR fingerprint identification is stored on your permitted mobile device, to access the device and you understand that upon the successful registration of your permitted mobile device, the fingerprint identification that is stored on your permitted mobile device will be used to access mobile including access to your accounts; and
   6. You should ensure the security of the security codes as well as the password or code that you use to register your fingerprint identification on the permitted mobile device.
5. You may still choose to access the mobile app using your Modern Exchange online/mobile app username and password.
6. Each time the mobile app detects the use of a fingerprint identification registered on a permitted mobile device on which you have registered for Modern Exchange login service to access our mobile services or authorize transactions, you are deemed to have accessed the mobile services and/or instructed us to perform such transactions as the case may be.
7. You acknowledge that the authentication is performed by the mobile app by fingerprint identification authentication module on the permitted mobile device and that you agree to the authentication process.
8. You can deactivate Modern Exchange fingerprint login service at any time using the left navigation menu of the mobile app once you are signed in.
9. If you inform us that the security of your fingerprint identification or other security code has been compromised, we may require you to change the security code, re-register your fingerprint identification or cease the use of Modern Exchange fingerprint login service.
10. You acknowledge and agree that, for the purposes of Modern Exchange login service, the mobile app will be accessing the fingerprint identification registered in your permitted mobile device, and you hereby consent to Modern Exchange app accessing and using such information for the provision Modern Exchange login service.
11. You understand the need to protect your permitted mobile device and that YOU shall be responsible for all use of your permitted mobile device (whether authorized by you or otherwise) to access Modern Exchange login service.
12. In addition to and without subtracting the disclaimers and exclusions of liability in the Customer Terms:
    1. You understand that the fingerprint authentication module of the permitted mobile device is not provided by Modern Exchange, and we make no representation or warranty as to the security of the fingerprint authentication function of any permitted mobile device and whether it works in the way that the manufacturer of the device represents.
    2. We do not represent or warrant that Modern Exchange fingerprint login service will be accessible at all times, or function with any electronic equipment, software, infrastructure or other electronic services that we may offer from time to time
    3. We are not liable for any loss you incur in connection with the use or attempted use of Modern Exchange fingerprint login service, or your instructions, or any unauthorized transactions through or in connection with Modern Exchange fingerprint login service.
    4. You shall indemnify us from all loss and damage which we may incur in connection with any improper use of Modern Exchange fingerprint login service.
13. In case the user allows (knowingly or un-knowingly) somebody else to link another user’s fingerprint to his designated mobile device, we will not be responsible, as we will operate on the basis of the fingerprint linked to the device.
14. In case the customer loses his phone or changes his phone, he should immediately log into the online app and disable the fingerprint service. (this allows a customer, to link his fingerprint to the new device).