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Facebook Wants Banks to Hand Over Your Financial Information
Breitbart ^ | 08/06/18 | Charlie Nash

Posted on 08/07/2018 8:08:20 AM PDT by Enlightened1

Facebook has been asking banks in the United States for their customers’ financial data, including account balances and transactions, according to a report.

The Wall Street Journal revealed that the social network has been asking major banks to “share detailed financial information about their customers, including card transactions and checking account balances, as part of an effort to offer new services to users.”

The banks asked by Facebook included JPMorgan Chase, Wells Fargo, Citigroup, and U.S. Bancorp, while one “large U.S. bank pulled away from talks due to privacy concerns.”

“Facebook has talked about a feature that would show its users their checking-account balances, the people said. It has also pitched fraud alerts,” reported the Wall Street Journal, which claimed, “Facebook has told banks that the additional customer information could be used to offer services that might entice users to spend more time on Messenger.”

Despite this, Facebook claimed in a statement that the data would not be used for advertisement targeting.

“We don’t use purchase data from banks or credit card companies for ads,” claimed Facebook spokesman Elisabeth Diana. “We also don’t have special relationships, partnerships, or contracts with banks or credit card companies to use their customers’ purchase data for ads.”

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Crime/Corruption; News/Current Events
KEYWORDS: banks; data; facebook; financial; postedseveraltimes
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To: Augie

I haven’t run across any on this site.

Oh, you talkin’ to me. I’m not tellin’ anyone what to do, just suggesting that fb is not a good place to hang out.

Most psychologists agree that fb is zombieland.


41 posted on 08/07/2018 11:34:36 AM PDT by waterhill (I Shall Remain, in spite of __________.)
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To: Pollard

These guys are good:

www.privateinternetaccess.com

There are some countries and sites that block VPN.


42 posted on 08/07/2018 12:08:27 PM PDT by gandalftb
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To: gandalftb

That’s what I use but if I try to reply to a thread here, I get 503 Service Unavailable error.


43 posted on 08/07/2018 12:14:44 PM PDT by Pollard (If you don't understand what I typed, you haven't read the classics.)
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To: Enlightened1

getting to the point these fascists need to be driven from business with legal lawsuits

chinese spies already have all the info these wankers have collected


44 posted on 08/07/2018 2:01:19 PM PDT by elbook
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To: waterhill
I haven’t run across any on this site.

You haven't been paying attention.

45 posted on 08/07/2018 2:32:49 PM PDT by Augie
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To: budj

I assume that Facebooks wants the banks assistance in providing a service to facebook user customers that accept the service from Facebook.

That is, the service is voluntary not applicable to all Facebook users.

I would assume the goal is to establish a payment system throuth a smart phone. Such services are very widely used in China.


46 posted on 08/07/2018 2:40:58 PM PDT by bert ((K.E. N.P. N.C. +12) Sanctuary is Sedition)
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To: waterhill

Seeing how FR uses facebook to disseminate info when FR is down, I fail to see the relevance of your statement.


47 posted on 08/07/2018 2:45:45 PM PDT by MortMan (The white board is a remarkable invention.)
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To: MortMan

The facebook page is hardly a secondary/backup site.
FR has our emails....


48 posted on 08/07/2018 2:52:27 PM PDT by waterhill (I Shall Remain, in spite of __________.)
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To: waterhill

Straw man. I said that the facebook page was used to disseminate info, not substitute. You DID realize that, or are you being deliberately dense?


49 posted on 08/07/2018 3:03:11 PM PDT by MortMan (The white board is a remarkable invention.)
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To: Enlightened1

Fox and Friends reported that this morning. FB must really think we are stupid. They can try that with the socialists, but not with us.


50 posted on 08/08/2018 9:38:13 AM PDT by Kaslin
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