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We've had this before: a very long time ago the banks tried to do the same thing, and there was uproar and legislation. If I can find out the name for it I will

• lrvick 2y ago
  Visa, Mastercard, etc power the debit card APIs every bank uses. They and every internet enabled cash register and middle-man like Square and Stripe sell all that data already. The banks were just feeling left out. If you think privacy is a human right, then help preserve it by using cash everywhere possible.
  • reaperman 2y ago
    Getting harder to use cash. Fewer places accept it at all since COVID, and even some consumer purchases trigger SAR review when I withdraw the cash. (e.g. buying a whole rig's worth of expensive computer parts from Microcenter, a car, or even some TV's can all approach that $8,000 limit where banks consider it close enough to the $10,000 rule)
    • lrvick 2y ago
      For the few places that do not accept cash, I purchase prepaid debit cards with cash. Still deprives vendors and my bank of my identity-linked buying behavior.
    • southernplaces7 2y ago
      >and even some consumer purchases trigger SAR review when I withdraw the cash If what you're doing is legal, so what? If anything, a sort of social protest in favor of cash and against pervasive, parasitic transaction monitoring should arise to saturate such systems with bullshit SAR reviews. In effect, people should decide to deliberately go cash-heavy for transactions that arbitrarily trigger these idiocies. The bean-counter bureaucrats want to watch how we spend every penny of paper and coin? Make them suffer the burden of it.