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I would love if it was transmitted to the bank for my own use so I can easily remember what I purchased or run budgeting software against it! Obviously wouldn't
by mikeweiss 17d ago
I would love if it was transmitted to the bank for my own use so I can easily remember what I purchased or run budgeting software against it! Obviously wouldn't be excited about it being resold tho.
- deleted 17d ago[deleted]
- ctkhn 17d agoIt's crazy it is resold but we don't even get it for our own use. Budgeting with credit card statements would instantly become so much more useful with less effort.
- kccqzy 17d agoIt does, at least in some cases. When I book flights directly from an airline, the bank knows the name of the passenger, the date of the flight, the origin and destination airports, as well as the cabin class. For one bank (Chase), the information is printed on the statements; for another they have a web lookup tool.
- c0_0p_ 17d agoFlights are one of the very few cases where this happens automatically though the card providers systems. It's called L2 data, and it's sent a little while after the transaction goes through.
- kccqzy 16d agoYup. I’m actually quite curious how airlines are convinced to send such information to banks whereas other kinds of stores aren’t.
- c0_0p_ 15d agoAirlines are just about the only business that have the ability to charge credit cards without real time authorization by the network. This is for things like buying a drink while in flight. I wouldn't be surprised if this was all part of the negotiation.