Credit Card Data Privacy
The cluster discusses privacy concerns with credit card companies, banks, and payment processors tracking, selling, or sharing users' transaction data, often comparing it to the anonymity of cash payments.
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Did she buy something there with a credit card? That data is commonly resold.
You are not plaids customers. They will be selling your transactions to everyone and anyone. It's pretty easy to identify people from their transactions.
Are there credit card companies which do not sell transaction data?
My bank or creditors don't need to know where I'm shopping or what I'm buying, and they certainly don't need to be selling that information to the highest bidders.
Your cc bill says that. The shop knows individual items you purchased and they know how you paid. Someone is buying that data.
> Credit Card companies and payment processors keep track of your transactions and it is trivial for them to trace it to a single individual.there are lots and lots of regulation on most countries that prevent them from using that information for anything other than billing you.They cannot sell, offer you services, etc. ...unless you agree to something else, usually hidden in theirs reward program contracts.All that is gone the second you move to using apple et al instead of a card i
Lol. You claim to value your privacy but you use credit/debit cards.
Can't most stores track you just as easily with your credit card information?
I think they are more likely referring to being able to create a fingerprint of what you purchase. If you purchase via card enough times its not unreasonable that a model could be created to link your cash transactions back to you.
It doesn't say it leaks transaction history, the text says it will tell the bank if you have a long history of purchases. I presume this purchase record is to validate the authenticity of the card (if you've made a lot of purchases on the card over a period of time, it's pretty safe to say it is indeed your card). I can't see how the /contents/ of those transations are leaked via this route, or even what remote stretch of reasoning would indicate it. No bank cares w