If users were paying attention, wouldn't that just frighten more of them away? But I guess that they're not paying attention
This is the only reason they want our detailed purchases. So they can force even more ads on us and to buy from them...
Microsoft has been collecting sensitive passwords in Windows 10. Now FB is eyeing people's transaction data. In fact, any sane person can deduce from the word "free platform" that any free social network platform will get "something" from its users to support itself. So no surprise here.
Ah, so they're quibbling over the definition of "we". And so what, if it's just part of "we", it's "they"? Seems iffy.
Totally opt-in, by whom? FB has proven itself to be totally incompetent when it comes to handling user data. The banks who participate in this crackpot scheme should have their accreditation as a bank brought into question. Alternatively, FB should have to prove that they are not unlawfully providing banking services. The Banking Act (USA): An Act to provide for the safer and more effective use of the assets of banks, to regulate interbank control, to prevent the undue diversion of funds into speculative operations, and for other purposes. it has not been updated since 1933. Hopefully this FB indulgence will make it clear that this Act requires a major overhaul.
Really?! So thing like "bank–client confidentiality" does not exists in the "land of the free" ? Good to know...
Anybody who thinks this is a dying breed which includes me. Within 20-30 years NO ONE will make a peep about any privacy concerns.
About all clients or only those that taken credit? I have bank account, some money on it, but I don't have credit card and I have never taken any credit.
I expect the answer would be location specific. Here in the United States, we don't have an adequate regulatory environment for protecting the privacy of financial data. Even what we do have is Swiss cheese like. Some important specifics aren't targeted by regulation. There are multiple, risky/abusable, exceptions that allow for data sharing that cannot be opted-out of (with "affiliates", with "service providers", with "companies engaged in joint marketing"). Other data sharing which should be opt-in is only required to be opt-out. There are inadequate disclosure requirements, inadequate review and correction requirements, and other issues. Which basically leaves everyone at risk of having some financial [meta]data inappropriately shared/used. It isn't just those who apply for and/or use credit (although they may very well experience worse exposures).
