3 ms·

Credit card data.

by aaaaaaaaaaab 4y ago

Credit card data.

babypuncher 4y ago
Since when do point-of-sale terminals send itemized receipts to your bank when using a credit card?
- jasonjayr 4y ago
  Google "Credit Card Level 3 data" https://paymentdepot.com/blog/level-3-data-processing/ https://paymentdepot.com/blog/level-3-data-processing/
  - edrxty 4y ago
    Holy shit, fuck all of that. I don't want that info being sent to my bank or collected at all.
- FunnyBadger 4y ago
  Have you ever looked at your CC statement?? It lists every transaction - so apparently this was bought by her prospective insurance company - which is evil.
  - babypuncher 4y ago
    My CC statement shows each transaction, how much it was, and where it took place. But I've never seen it include any information about what was actually purchased. So my question is, how could an insurance company know what prescriptions you picked up at Costco last week based only on data from your bank? I'm pretty sure your pharmacy cannot even share that data with your bank without violating HIPAA. I really appreciate the cynicism here, since most people have no idea how much detailed customer information retailers and banks are gathering and selling, but I think in this particular case it is misplaced.
    - phil21 4y ago
      In this case it's likely mostly paranoia - but level 3 card data I assume by now is every single major retailer in the US. This would include CVS and Walgreens, as well as Target, Walmart, etc. In that case an insurer could trivially get this data simply by a common data subscription available on the market. Not sure if HIPPA would cover retail (OTC) sales at all, I'd guess not? In any case, I consider pretty much any credit card transaction I do with a major company as 100% public information down to the SKU and qty purchased. More likely here though is that this is a controlled substance treated like Pseudoephedrine is. There your ID must be scanned, and it is enrolled in a national database. This is a federal statute and I would be stunned if insurance didn't mine this information.
- hedora 4y ago
  Loyalty cards, Bluetooth/Wifi sniffers, facial recognition and license plate cameras all gather identity / pseudonymity data. Backend servers correlate those sensors with PoS terminal data and sell the result to all sorts of unsavory companies / governments. This is a big industry. California's "Do Not Sell My Personal Information" law even has specific carve outs for retail consumer surveillance firms.
- mmh0000 4y ago
  Companies have been tapping into transaction data to sell us more things as early as the 1990s, when credit card giants such as American Express analyzed purchases to tailor special offers to cardholders. Marketers with more limited vantage points, meanwhile, pooled the data from their own cash registers to get a better view of their customers.[0] [0] https://www.fastcompany.com/90490923/credit-card-companies-are-tracking-shoppers-like-never-before-inside-the-next-phase-of-surveillance-capitalism https://www.fastcompany.com/90490923/credit-card-companies-a...

Credit card data.

babypuncher 4y ago

Since when do point-of-sale terminals send itemized receipts to your bank when using a credit card?

jasonjayr 4y ago
Google "Credit Card Level 3 data" https://paymentdepot.com/blog/level-3-data-processing/ https://paymentdepot.com/blog/level-3-data-processing/
- edrxty 4y ago
  Holy shit, fuck all of that. I don't want that info being sent to my bank or collected at all.
FunnyBadger 4y ago
Have you ever looked at your CC statement?? It lists every transaction - so apparently this was bought by her prospective insurance company - which is evil.
- babypuncher 4y ago
  My CC statement shows each transaction, how much it was, and where it took place. But I've never seen it include any information about what was actually purchased. So my question is, how could an insurance company know what prescriptions you picked up at Costco last week based only on data from your bank? I'm pretty sure your pharmacy cannot even share that data with your bank without violating HIPAA. I really appreciate the cynicism here, since most people have no idea how much detailed customer information retailers and banks are gathering and selling, but I think in this particular case it is misplaced.
  - phil21 4y ago
    In this case it's likely mostly paranoia - but level 3 card data I assume by now is every single major retailer in the US. This would include CVS and Walgreens, as well as Target, Walmart, etc. In that case an insurer could trivially get this data simply by a common data subscription available on the market. Not sure if HIPPA would cover retail (OTC) sales at all, I'd guess not? In any case, I consider pretty much any credit card transaction I do with a major company as 100% public information down to the SKU and qty purchased. More likely here though is that this is a controlled substance treated like Pseudoephedrine is. There your ID must be scanned, and it is enrolled in a national database. This is a federal statute and I would be stunned if insurance didn't mine this information.
hedora 4y ago
Loyalty cards, Bluetooth/Wifi sniffers, facial recognition and license plate cameras all gather identity / pseudonymity data. Backend servers correlate those sensors with PoS terminal data and sell the result to all sorts of unsavory companies / governments. This is a big industry. California's "Do Not Sell My Personal Information" law even has specific carve outs for retail consumer surveillance firms.
mmh0000 4y ago
Companies have been tapping into transaction data to sell us more things as early as the 1990s, when credit card giants such as American Express analyzed purchases to tailor special offers to cardholders. Marketers with more limited vantage points, meanwhile, pooled the data from their own cash registers to get a better view of their customers.[0] [0] https://www.fastcompany.com/90490923/credit-card-companies-are-tracking-shoppers-like-never-before-inside-the-next-phase-of-surveillance-capitalism https://www.fastcompany.com/90490923/credit-card-companies-a...