Facebook wants to control users' bank data - ForumDaily
The article has been automatically translated into English by Google Translate from Russian and has not been edited.
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Facebook wanted to monitor user banking data

To develop new services, the social network Facebook sent a request to large American banks to provide the company with access to users’ personal financial data in exchange for new potential clients who could bring money to the bank. Facebook representatives assure that the data will remain confidential.

Фото: Depositphotos

Information is needed for the company in order to create a new trading platform and take into account all the wishes and experience of buying its users, reports The Wall Street Journal.

Facebook expects to access transactions, account balances and customer purchases. According to the interlocutors of the publication, over the past twelve months, the social network has submitted requests to such large banks as USBancorp, Wells Fargo and JPMorgan Chase. As one of the proposed options for cooperation, the company sees a display in the Facebook messenger of bank account balances.

According to sources, some banks refused to provide confidential information, although Facebook guaranteed non-disclosure, saying that it would not transmit the data to third parties and even use this information to display ads.

According to the authors of the publication, there is another reason why banks are not interested in cooperation with the social network. Despite the fact that large banks are theoretically looking to reach new clients, the list of which could be supplemented by Facebook users, financial institutions still expect to retain them in their own payment systems and services.

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Miscellanea In the U.S. Facebook american banks конфиденциальность
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