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> This already happens to an extent in the US. Your credit card transactions are sold to data brokers for analytics/market research purposes. To an extent. US
by wombatmobile 6y ago
> This already happens to an extent in the US. Your credit card transactions are sold to data brokers for analytics/market research purposes.
To an extent. US cc transaction data are batched. Alipay provides more agile context by integrating location data real time.
- gruez 6y ago>US cc transaction data are batched to what extent? They might take a few days to settle, but the authorizations show up in my bank almost immediately. For all intents and purposes they're real time. >Alipay provides more agile context by integrating location data real time. The usefulness of this is questionable. Merchant terminals are mostly fixed, so correlating a merchant id/name to a physical location isn't too hard. Apple pay already has this, where it will show a map of where the transaction happened if you click into a transaction. This works even without location services enabled on your phone.
- wombatmobile 6y agoThink bigger. Think 600 million integrated surveillance cameras. Think every aspect of consumer behaviour, pre and post every sale of every magnitude and every configuration, being fed through AI sieves every moment of every day, everywhere.
- SiempreViernes 6y agoArguably the big improvement in data coverage is at the small scale retailers, big chains have already spent the time and money need to investigate customer behaviour in that sort of detail.
- mehrdadn 6y agoIf by batching you mean aggregated (as opposed to delayed), it seems like a matter of time before more merchants start providing L3 data...
- ulfw 6y agoAs does Apple Pay (see Apple Card that displays your store/location of purchase).