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Good on Susie! There's something really cool and fun about integrating data visualisation into an old school receipt. My question is, what prevents itemisation
by psukhedelos 7y ago
Good on Susie! There's something really cool and fun about integrating data visualisation into an old school receipt.
My question is, what prevents itemisation in bank statements directly?
I have always wanted for my itemised purchases to show up directly in my bank account (instead of just the total). From there, I could see how much I am spending by either automatically generated or manually defined categories. One step further would allow me to budget my money not into separate accounts but by category (think sub-folders within your accounts). You can define the limits of a category and transactions are declined when you've hit your budget and attempt a purchase of that category / product type.
Is there any argument to be made for the bank not having access to the individual purchases (e.g. privacy concerns, too much data)?
Are account holders with a grasp and control of their money and spending not more beneficial to a bank / businesses (not an expert, so forgive me if this is a bit naive)?
I think some third party apps attempt to solve this, but as far as I'm aware they are more of a view of your accounts and not able to control transactions / spending limits. Personally I'd also rather not give my buying information to another entity.
- lqet 7y ago> Is there any argument to be made for the bank not having access to the individual purchases (e.g. privacy concerns, too much data)? I can't get my head around the fact that you are actually suggesting this. Do you want your bank to know that you buy 30-40 bottles of beer each week? Do you want them to know that you buy medicine for a terminal disease during your visit to discuss a family home loan?
- JohnFen 7y ago> I have always wanted for my itemised purchases to show up directly in my bank account (instead of just the total). I 100% do not want this, ever, period.
- pbhjpbhj 7y agoWhy not?
- ColinWright 7y agoSee the sibling comment in this thread: https://news.ycombinator.com/item?id=19903991 https://news.ycombinator.com/item?id=19903991 > I can't get my head around the fact that you are actually suggesting this. Do you want your bank to know that you buy 30-40 bottles of beer each week? Do you want them to know that you buy medicine for a terminal disease during your visit to discuss a family home loan?
- pbhjpbhj 7y agoSeems like the store could use your public key to encrypt the data it uploads to your bank, they get the full data, you decrypt it. It's then just using the current channels. But, I imagine it's easier to have the store make a temporary xml/json file on their servers, give you the QR code to access it, then you can control the data flow from then.
- JohnFen 7y agoIt's important to me to minimize the amount of data leakage as much as I can as a matter of basic self-defense. As a result, I don't want anybody but the store I'm shopping at to have a list of exactly what I've purchased. It's nobody's business except mine and the store's.