4 ms·
Yet people have been paying for groceries with checks in grocery stores for decades. I did some work for one of the companies that mine data from checks (20 yrs
by coldcode 5y ago
Yet people have been paying for groceries with checks in grocery stores for decades. I did some work for one of the companies that mine data from checks (20 yrs ago), it was amazing how much they could get from scanning the front of a piece of paper. This data was then used by the chain, as well as being sold to all sorts of other companies. No one gave them permission, but you can't stop scanning a check if you want to use it. It's still done today, but of course now we have credit/debit and loyalty cards, and you think that's not used by the grocery chains to track your purchases? Unless you refuse to use a loyal card and use a more anonymous system like Apple Pay the store can't really track you, but the issuer knows who you are (but can't connect you to what you bought that I know of). None of this is new. Unless you pay with cash and wear a disguise, you are giving something to them.
I wish Apple did not sell ads of any kind (the don't need even more money), but using knowledge you gain just from a transaction to make money, simply because you have to exchange some information to get what you want, is as old as selling anything (Omar in the market sees you bought two sets of flowers, assumes you are an adulterer, turns you in for a reward to the Czar).
- Consultant32452 5y agoI would really like Apple/Google Pay to get a copy of the receipt from the terminal. Paper receipts are a nuisance. The problem is that then Apple/Google has a copy of my receipt. I wonder if this could be done in a way that protects consumer privacy.
- bombcar 5y agoThis would be amazing - I've seen something akin to this on some of my Amex cards - but for very few retailers. There are obvious privacy issues (though it could be easily made so only the purchaser can see the details) - and if someone were to get it right it'd be Apple. I'm sad they didn't make it a base part of Apple Pay.
- lozaning 5y agoI see this happen when i use my Amex card with merchants that use square POS systems. The data comes through to me in the Cash App.
- r00fus 5y agoIt could totally be done. Question is whether stores and CC processors would allow this.