Posted on 08/06/2018 9:28:09 AM PDT by bitt
The social media giant has asked large U.S. 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.
Facebook increasingly wants to be a platform where people buy and sell goods and services, besides connecting with friends. The company over the past year asked JPMorgan Chase JPM +0.25% & Co., Wells Fargo & Co., Citigroup Inc. C +0.20% and U.S. Bancorp USB +0.40% to discuss potential offerings it could host for bank customers on Facebook Messenger, said people familiar with the matter.
Facebook has talked about a feature that would show its users their checking-account balances, the people said. It has also pitched fraud alerts, some of the people said.
Data privacy is a sticking point in the banks’ conversations with Facebook, according to people familiar with the matter. The talks are taking place as Facebook faces several investigations over its ties to political analytics firm Cambridge Analytica, which accessed data on as many 87 million Facebook users without their consent.
(Excerpt) Read more at wsj.com ...
Yep! I throw up a little in my mouth every time I see those commercials. Fuckerberg’s voice actually makes me cringe. It’s creepy and you can tell he’s lying through his teeth.
Only the gullible will comply.
As long as they don’t share it with their partner, Communist China, what could go wrong?
Well according to some on here these big tech business can do as they like.
Facebook is looking to be the ruling power in America with the blackmail abilities and assets of the NSA. Facebook is a political Party in its own right and perhaps on the cusp of becoming the most powerful player in the American system. Trump has and we have more enemies of America to fight than just the Deep State and Communists.
I use a credit union. No fees. My money doesn’t dribble away even when I don’t write checks. I also print my own checks for about a third of the cost of buying checks from the CU.
They can sell that information if they don’t tell you about it and I suspect that already happens.
Not my bank. They would need my written permission for that.
If my bank does provide my personal information to FB, you can bet the very next day I will be at my lawyers office.
Not only that FB and the Bank would be facing a class action suit costing them millions.
I hope they do it, it would boost my retirement nest egg.
Any bank that does THIS certainly loses MY account!
It’s time to shut this shit down.
one wonders if their claims for customer policy ‘opting out’ are actually followed - will be too late for their customers if they are lying - and too late to stop the mobs retribution.
Past data is already collected and being sold and further can be sold (the customers ‘down the river’)
BOYCOTT these dishonest wankers
I just did the same thing this weekend. I still have the account - but yes, the urge to check in has dropped a great deal.
Facebook is doing the same... they claim to put a double-blind between the two to “maintain your anonymity” ... but I think you know the drill there.
Google and others are able to identify your transactions by getting some information here and some information there.
No one place provides all the information so they can claim to protect your privacy...but they don’t.
Targeted advertising. Been going on for quite a while.
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