And what would they do with this record? Other than occupy huge quantities of harddrive space and be bored to death? The fact of the matter is that that level of information on the day to day lives of Americans is A - already available if you use credit cards, and B - incredibly useless.
"And what would they do with this record? Other than occupy huge quantities of harddrive space and be bored to death? The fact of the matter is that that level of information on the day to day lives of Americans is A - already available if you use credit cards, and B - incredibly useless."
Indeed, you are correct. All the hand-wringing over this stuff is equivalent to worrying about being hit by a meteorite.
The more this tech is used, the more useless the data becomes. The FBI can't even install a computer system to deal with its internal data. What makes anyone think they'll be monitoring individuals' grocery purchases?
This should speed up the checkout line even more, since you won't have to sign after swiping a bank card.
Finally, what do you want to bet that you can also shop in this store with a wallet full of $20 bills.
Yes, indeed...it's panic time.
the other reasons are that I worked for the largest issuer of Master Card - learned more than I wanted to know about credit cards - and don't want a cell phone as I enjoy being in my car, or elsewhere, with no interruptions. I like 'down' time.