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Tangential question: Do you know if it's possible to identify financial institutions which don't sell this kind of data? Credit unions?
by confounded 10y ago
Tangential question: Do you know if it's possible to identify financial institutions which don't sell this kind of data? Credit unions?
- polyomino 10y agoUp until a few years ago, credit card networks had divisions that were trading on transaction data, but they've had to shut those down. So now they sell the anonymized data to prop trading firms and advertisers. I think cash is your best bet.
- confounded 10y agoHah, I actually did a small project on some of this data for one of those companies. Pretty amazing what you can get out of 50 char descriptions at scale. Do you happen to know the law that caused them to stop trading PII? Is it only the networks, as opposed to the issuers who trade information?
- soared 10y agoSmall credit unions would be your best bet, but I'm not aware of any specifics unfortunately.
- rhinojosa 10y agoThe problem is small credit unions still use co-branded cards with Visa/MC, etc who sell your data. I believe AMEX is your best bet for privacy, because you are already paying a premium to them, or good ol' cash money.