your Credit Card is data for your Bank to sell

turkeydance

turkeydance

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Yes, cash is king for that reason but also because card fraud is rampant. If you must use a card, you should absolutely use a credit card instead of a debit card. If the credit card is hacked, your account is protected. If your debit card is hacked, your bank account can be drained quite quickly -- and it will take time for your bank to investigate and refund the money, leaving you broke until they do.
 
update to above:

Yodlee, the largest financial data broker in the U.S., sells data pulled from the bank and credit card transactions of tens of millions of Americans to investment and research firms, detailing where and when people shopped and how much they spent.

The transaction data itself comes from banks, credit card companies, and apps that Yodlee works with, including Bank of America, Citigroup, and HSBC, according to previous reporting from The Wall Street Journal.

https://www.vice.com/en_us/article/jged4x/envestnet-yodlee-credit-card-bank-data-not-anonymous
 
Bailey Boat said:
IMHO.... Debit cards are only good for ONE thing.... to get cash from an ATM.....
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I don't have a debit card. I have an ATM card that is literally only good for getting cash out of an ATM. It can't be used for purchases.
 
Any retailer over the past 35 years has your data and all purchases you have made if:
1. Given a phone number
2. Written a check
3. Credit Card
4. Rewards Card
5. Purchased Online
6. Responded to Coupon
7. Returned an item
8. Email in any way (response, purchase, return, contact)

The only surefire way is to use cash and never give a Phone Number... ever.

Not only do they have your data, but every purchase and item under it that has any of the 8 above.

The CPBF has all this information, thanks to Sen. Warren, as of 2012.

All tracking and surveillance technology and techniques were hammered out years ago in vast SQL Servers that have mitigated to updated "Live" Databases.

Remember, in 1 week, they had tracked down to the time and Video of the 9/11 Hijackers buying the Utility Knives. That was 19 Years Ago....
 
Google and Facebook algorithms are not good at pulling ads for items you return. 3-4 times a year I buy something cheap at random, and immediately return it. Then I watch for the ads for the thing I didn’t want.

I also pay $16.07 for something that cost $15.57 because it confuses the natives to use weird amounts to get normal amounts of change back.

I’m an easily amused A-hole.
 
Ferrisfan said:
Google and Facebook algorithms are not good at pulling ads for items you return. 3-4 times a year I buy something cheap at random, and immediately return it. Then I watch for the ads for the thing I didn’t want.

I also pay $16.07 for something that cost $15.57 because it confuses the natives to use weird amounts to get normal amounts of change back.

I’m an easily amused A-hole.
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It never ceases to amaze me how people can't count change back from a drawer. If the register doesn't do the math they're completely lost in the weeds.
 
Ikarus1 said:
Use electronic pay. Expiring Tokens > Static Card and Pins
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Doesn’t that just mean that someone else gets the data to sell?
 
JimB said:
Doesn’t that just mean that someone else gets the data to sell?
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https://www.r-tt.com/technology-articles/apple-pay.html

Apple isn't your average financial company. They have rejected supoena's from the DOJ on the daily.

Apple Speaks to Concerns

Having all of those details - what you buy, where you buy it, and what you use to pay for items - stored on a cloud seems like a marketer’s best friend. With the information that could potentially be gathered from using Apple Pay, Apple could store and send a ton of marketing details to marketers at any time. However, the company claims that they will not be storing or selling any of these details.

Apple claims that the payment system does not track purchasing data. Apple representatives have told press that all transactions are between individuals and banks, and no data will be stored or shared elsewhere. This statement seems to hold weight, too, since giving up transaction data to marketers would surely put Apple Pay on buyer blacklists.
 
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JimB said:
Doesn’t that just mean that someone else gets the data to sell?
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As a general rule, the more tech you use/expose yourself to the more it increases the amount of data you leave behind. Whether that data is useful depends on the skills and resources of the persons collecting the data.
 
dkmatthews said:
Yes, cash is king for that reason but also because card fraud is rampant. If you must use a card, you should absolutely use a credit card instead of a debit card. If the credit card is hacked, your account is protected. If your debit card is hacked, your bank account can be drained quite quickly -- and it will take time for your bank to investigate and refund the money, leaving you broke until they do.
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Oh no, they could take me for tens of dollars!
 
It's even worse than that.

I had a phone conversation with a friend who had just bought a house with a large yard. We discussed the advantages and disadvantages of a push mower and a riding mower. On a phone call.

What ads do you suppose started showing up on website banners? If you guessed riding mowers, you would be correct.

I had another phone conversation with my mother about her heat exchanger. What do you think the ads were for then?

No emails or texts to scrape, no browsing or purchase history to track. A stinking phone conversation!

Only a few apps have microphone permission, those I use speech to text, camera for video with sound, etc. I routinely disable permissions. They are listening to our phone calls!
 
Howland said:
It's even worse than that.

I had a phone conversation with a friend who had just bought a house with a large yard. We discussed the advantages and disadvantages of a push mower and a riding mower. On a phone call.

What ads do you suppose started showing up on website banners? If you guessed riding mowers, you would be correct.

I had another phone conversation with my mother about her heat exchanger. What do you think the ads were for then?

No emails or texts to scrape, no browsing or purchase history to track. A stinking phone conversation!

Only a few apps have microphone permission, those I use speech to text, camera for video with sound, etc. I routinely disable permissions. They are listening to our phone calls!
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Not exclusively phone calls.
A buddy and his cousin were discussing this "listening" and the resulting targeted ads. They decided to leave their phones in a different room and came up with a word they would say at random. They settled on the name of a product they would never use or normally discuss or search online, a feminine hygiene product. They went back to their phones and had a contrived conversation that mentioned the product by name. It took a week but they both received ads for the exact product and one of them received ads from a competitor's product. So they're listening to you with the phone on standby, through the smart TV, through your alexa/smart assistant...recording every word.
 
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