If you login your Adsense account is these few days, you must notice that there is a page showing the new Terms and Conditions (T&C) on the first page, and prompting you to read through and accept them. If you decide not to accept or forget to accept it by 5.3.2008, your account will then be terminated. That means if you want to continue to participate in this Adsense program like me, you have to accept it.
This time around, most of the changes to the Terms and Conditions fall into two broad categories: 1) future products and features and 2) privacy requirements. In addition to that, there are some specific requirements that make it necessary for publishers to post and abide by a transparent privacy policy that users see. According to this policy, publishers must notify their users of the use of cookies and/or web beacons to collect data in the ad serving process. This change relates to advertisers' use of innovative products and features like Gadget Ads and other offerings in the future.
Clear enough? You are required to show your visitors a "transparent privacy policy". Although there is no clear standard format of such privacy policy should look like, some publishers already put the policies in order to entertain Google. To me, I am planning to make a separate page to show it. Many publishers asked me how to make one in their sites. Luckily, I found one site that is useful to make the policy by filling the necessary information. If you cannot afford to lose your Adsense account, you may try to have your own privacy policy here.
But honestly, since this updated T&C is freshly released, Google should provide enough time for us to accommodate and fulfill it. No worry if you don't want to make such privacy policy at the moment, or you are out of town right now.
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Neo3rd March 2008 2:20pm