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> What processing companies are available to use that don't sell your transaction data by default? Thankfully merchants are generally opaque in terms of the me
by vageli 6y ago
> What processing companies are available to use that don't sell your transaction data by default?
Thankfully merchants are generally opaque in terms of the metadata provided to the payment processors. I for one am thankful my card statements have "Amazon purchase" instead of the specific item purchased, for instance.
- lotsofpulp 6y agoI anticipate more and more merchants to use Level 3 data (or be forced to use it): https://tidalcommerce.com/learn/what-is-level-3-data/ https://tidalcommerce.com/learn/what-is-level-3-data/ I know staples.com, many hotel chains, and airlines already use this.
- vageli 6y agoI would be surprised if especially large merchants (like Amazon or Walmart) would submit to this as they I would imagine they have massive bargaining power when it comes to transaction fees and would gain little in sharing that data with the payment processor. I could see companies whose lines of business tend to have higher fraud rates take advantage of providing more data in exchange for cheaper fees.
- nitrogen 6y agoThere may be more data associated with your transaction than just what you see on the statement.
- deleted 6y ago[deleted]