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You may not sell the data but you give developer's access to bank balance, transaction history, and income streams. Essentially some of the most private aspects
by ryanackley 8y ago
You may not sell the data but you give developer's access to bank balance, transaction history, and income streams. Essentially some of the most private aspects of a person's life.
Seems legitimately useful for personal finance tools or loan providers.
However, I know your API is being used by point of sale systems. Seems super unethical for point of sale systems to access any info beyond, is this the right account, does it have enough money. I just hope you're enforcing some kind of restrictions or at the very least warning consumers what they're giving the merchant permission to access.
- bdcravens 8y agoThey do outline everything pretty well at https://plaid.com/legal/ https://plaid.com/legal/, but I don't know that those terms are linked to from the login widget.
- ryanackley 8y agoI can't tell if this is sarcasm. As long as you're transparent about it in a 30 page ToS then it's all good. Because when you go to checkout at a cash register, you're going to stop and hold the line for an hour or more and read that page. Not an exaggeration btw, my print dialog estimates that page to be 27 pages printed.