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You think Square is the only part of the credit-card purchasing process that's a privacy nightmare? Credit cards track your purchases. Square maybe makes it a
by notatoad 9y ago
You think Square is the only part of the credit-card purchasing process that's a privacy nightmare?
Credit cards track your purchases. Square maybe makes it a bit more obvious that your purchase history is going up to the internet, but i'm not sure why you think other credit card processors aren't tracking you.
- mcovey 9y agoI understand they know where I shopped, that is clear on my statement each month. But they don't know what I bought, unless I shop at a store that only sells one thing.
- calciphus 9y agoMany POS terminals send full purchase information back to the cc processor. This is used in fraud detection and also sold as part of your profile. A while back Mastercard did a commercial where they showed you how you could see what you bought in your online statements.
- mcovey 9y agoIt looks like this is called "Level 3 data" and primarily for corporate cards, not standard consumer credit cards. I'm not sure if that data is still collected for consumer purchases - I've never been offered any opportunity to see more detail about what I purchased, even for a price. One significant benefit of having that data would be that it would be easier to remember and prove things you owned for insurance purposes after a loss.