4 ms·
Cash = anonymity as credit card companies sell your data to Facebook and anyone else...
by SirLJ 8y ago
Cash = anonymity as credit card companies sell your data to Facebook and anyone else...
- dan_hawkins 8y agoBut not in Europe, where the privacy protection laws forbids doing this without client's consent.
- SmellyGeekBoy 8y agoI assume "consent" comes in the form of the huge booklet of small print we receive from the bank that nobody reads.
- krageon 8y agoPerhaps they claim it's "anonymised" (which generally means it's still grouped but assigned a number instead of a name), thereby handily circumventing this requirement. I would be more hesitant to assume that just because the GDPR passed, the big guys are already as compliant as you would expect from it's wording. It's much more likely they're maliciously complying, because this nets much more money.
- mariefred 8y agoI understand anonymity from my wife, but do credit card companies really sell your data? and Swish which is operated by the banks ?
- fwsgonzo 8y agoAnyone not selling your data is just sitting on money-making opportunities for no reason. It would be insane. First thing that popped up: https://www.businessinsider.com/credit-cards-sell-purchase-data-to-advertisers-2013-4?r=US&IR=T&IR=T https://www.businessinsider.com/credit-cards-sell-purchase-d... So, we know they sell anonymized data. We don't know if its easily de-anonymizable because that takes some studying, and we don't know what else they are selling they don't tell you about.
- detaro 8y agohttps://www.bloomberg.com/news/articles/2018-08-30/google-and-mastercard-cut-a-secret-ad-deal-to-track-retail-sales https://www.bloomberg.com/news/articles/2018-08-30/google-an... is an example
- cat199 8y agoWhy does a third party need to know in the first place, whether or not they sell the information or not? It's not that I prefer cash, it's that I don't see involving 100s or even 1000s of third parties in all of my transactions as an 'improvement'.