4 ms·

>"We don't sell your data, we share it." -all the companies involved Am I the only one thinking there might be some Clapper-level double-speak going on here? W

• mehrdadn 7y ago
  Definitely not a lawyer, but "sell" to me implies you lose ownership afterward, so as long as they're not doing that, they're not selling. Easy to see how they can give someone your data without doing that.
  • dkersten 7y ago
    Are you saying that every single SaaS startup is selling anything because they don’t lose ownership when they provide a service in return for money? I think typically the exchange of money for a good or service is what we refer to as “selling” even if the seller doesn’t lose said service after selling it.
    • mehrdadn 7y ago
      No, I was merely referring to "selling" as it pertains to products, not services. Your data would be a product, not a service. They may build services around your data that use it in some way, but it'd be the service they'd be selling, not your data. Just like how Uber would be selling a ridesharing service, not your car.
      • sokoloff 7y ago
        If I sell to you the knowledge that the derivative of ln(x) is 1/x, I still have that knowledge. No different than if I sell to you knowledge of the fact that cardholder XYZ lives at 123 Main St, has phone number 555-867-5309, and shopped at Giant Dildos, LLC 3 times in the summer of 2019.
        • mehrdadn 7y ago
          It is very different. It's literally impossible for you to dispossess yourself of that derivative. So clearly you will still have it. It's not impossible for you to dispossess yourself of users' data. They're not the same thing.
          • sokoloff 7y ago
            Millions of Calc I graduates would beg to disagree on the first point... :D
            • mehrdadn 7y ago
              Dispossess on-demand* :)
  • newscracker 7y ago
    Software, music, movies and many other products are sold through different media — physical or over the network — those are also referred to as selling, but what they sell is a license to use for specific purposes, without losing ownership, copyright, IP, patents, etc.
• olefoo 7y ago
  Your transaction data is never exposed to anyone outside of $corp. $corp provides it's marketing partners with insights gleaned from aggregated transaction data. And allows select partners to query an api for derived information about $corp's cardholders using a marketing identifier that tracks across multiple agencies including credit reporting, social media monitoring and customer intelligence analytics. Additionally $corp uses it's transaction stream to feed information about aggregated spending per retailer to both their internal trading desk and to select financial markets partner firms. Your personal transaction information is never exposed to anyone outside of $corp.
  • paulie_a 7y ago
    Yes it absolutely is exposed to whomever provided the processing. I've seen the data extensively. The amount of info provided is overwhelming.
    • olefoo 7y ago
      Should have qualified it as; "never exposed to anyone outside of $corp or it's authorized contractors."
• kevin_thibedeau 7y ago
  They need info from data brokers for their risk and fraud analysis. Handing over their goods for free can net them a discount.
• paulie_a 7y ago
  Not really but third party processors get a lot of info too. And it's not anonymous. They might share actually anonymous data but it can be picked up for a dime or just easily hacked before dealing with high level Visa or MasterCard level