Quit Facebook Before It Inevitably Accesses Your Banking Data
This is outrageous. No one wants Zuck, Bezos, or any of these sleazy, opportunistic, arrogant jerks to have their financial data.
You notice the arrogant prick doesn’t ask his subscribers how THEY feel about this. This is how Zuck plans on making up the billion and a quarter he lost with his last data-selling scam. This is an invasion of privacy that can’t be ‘allowed’ to happen. This is something we need to actually act on for our own sakes. Call your bank. Tell them no, they’re not giving away our/your personal financial information.
Quit Facebook Before It Inevitably Accesses Your Banking Data
If no other Facebook-related privacy issue hasn’t made you leave the social platform in disgust, perhaps the notion of Facebook become bosom buddies with your financial institution will. Probably not. You’ve made it quite clear you have no intention of quitting Facebook. What’s a bit more data surrendered at this point? Facebook already knows everything else about you, it may as well be privy to the intimacies of your financial transaction data as well right?
According to a report in the Wall Street Journal, Facebook has spent the last year asking banks like JPMorgan Chase, Wells Fargo, Citigroup and U.S. Bancorp for partnerships that would result in Messenger enhancements that unlike 360 degree video would be 360 degrees of your checkbook instead. But hey, maybe you could get fraud alerts in Messenger instead of your banking app. That seems better right?
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Last week Facebook investors beat the company with a sharp stick, bleeding it for $120 billion. Facebook says it wants to be the good guy, but stalls on fixing breaches, still supports a toxic environment and provides a platform for hate and up until recently — stupid. We should hate Facebook with a passion unrivaled by anything in human history, yet, we continue posting our lives, interacting with terrible people from high school and basically living on Instagram.
So far banks aren’t biting, but it should be noted that both Google and Amazon have spoken with banks about possible partnership
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Yet. None of that is true, yet, but that’ll surely change. There has been no evidence up to this point that Facebook is anything other than what it is. What is it? A data content farm for paying customers. Even with the massive loss last week, it doesn’t change the mission of Facebook. Our data points will always be for collection and sale because we aren’t the customer. Sure, maybe initially Facebook would leave banking data alone and just build some features to make Messenger more of a one-stop-shop for some of your internet commerce needs. But eventually, and why banks are hesitant to shake hands with the devil, Facebook will see the money to be made from utilizing users’ banking data to serve ads and further manipulate our reality
https://www.forbes.com/sites/curtissilver/2018/08/06/quit-facebook-befor...
Facebook to Banks: Give Us Your Data, We’ll Give You Our Users
Facebook Inc. wants your financial data.
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 & Co., Wells Fargo & Co., Citigroup Inc. and U.S. Bancorp 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.
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As part of the proposed deals, Facebook asked banks for information about where its users are shopping with their debit and credit cards outside of purchases they make using Facebook Messenger, the people said. Messenger has some 1.3 billion monthly active users, Chief Operating Officer Sheryl Sandberg said on the company’s second-quarter earnings call last month.
Alphabet Inc.’s Google and Amazon.com Inc. also have asked banks to share data if they join with them, in order to provide basic banking services on applications such as Google Assistant and Alexa, according to people familiar with the conversations.
https://www.google.com/amp/s/www.wsj.com/amp/articles/facebook-to-banks-...
Comments
Who owns the future?
I recommend this book by Virtual Reality pioneer Jaron Lanier. In addition to the problems you raise he also presents possible solutions, most notably using micropayments for data use. This would let average people get paid properly for their data and reduce the power of “siren server” owners (like FB).
I’ve occasionally wondered if we couldn’t set up a micropayment system using ad-blocker-style VPNs, but a friend of mine from Microsoft says they already looked into the idea and gave up. But that could just be that they couldn’t make enough money for their shareholders...
We can’t save the world by playing by the rules, because the rules have to be changed.
- Greta Thunberg
Between the vault and the cloud
How people allow business to make their lives 'easier' and do not see the risk is astounding. I write a check to pay a young helper. They take a picture of it with their 'smart' phone and use an 'app' to deposit it into some cloud account. No need to go to the bank, countersign or other safe guards. Gives me the willies. My vendors constantly want to make my life 'easier' by automatic payment from my checking account or credit card. I must be old fashioned because I know when I write a check and send it in an envelope, a human (with a job) is going to open it and record it. Instead of a couple of computers that don't need an income. The vendor saves money. That is not my concern. It is getting bad, as some agencies (mostly governmental) will no longer accept or issue paper payments. You are required to maintain an electronic-only account to do business with them. I think this is wrong. A computer connection, sometimes an email account and/or domestic phone number has taken the place of physical presence as qualifying for identity. This makes it 'easier' to impersonalize financial records when one's identity is only valid if electronically verified. Just saying...
Zionism is a social disease
And the INSTANT you do something they don't like...
Your Name is Alex Jones.
It's the worst kind of Orwellian control. People will police THEMSELVES because if they don't they'll get their funds cut off, mobs rounded up to shame them, and numerous other collective controls, all delivered through a few keyboard strokes.
If you haven't gone cash, it's a good time to think about it. Yes, it's inconvenient. Which is kinda the point. If you have to actually have the money before flopping down five bucks for a cup of coffee you could make at home for 75c, you are a hell of a lot less likely to do it.
I do not pretend I know what I do not know.
I never did join, despite much pressure from others.
We wanted decent healthcare, a living wage and free college.
The Democrats gave us Biden and war instead.
I enjoy being faceless...
...and will continue to be so.
They want to move us to a cashless society where they can monitor all our transactions. I'm a cash user. I go to the ATM and pull out my spending money for the week. Like QMS I still write checks...and I appreciate JtC having a PO box so I can mail him a check every so often. In fact if some of you have not kicked in lately, I'm sure it would be appreciated.
Facebook has always seemed like a voyeur's tool to me...created by someone with poor social skills. Interesting how email has fallen out of favor in the youtwitface and texting world.
“Until justice rolls down like water and righteousness like a mighty stream.”
If this is just coming out
then there is so much more already being done. All those bits and bytes are an avatar that represent a digital "picture" of you, and all your devices hooked to the web tattle tale where you are and what you're doing. From credit cards to plane tickets to Netflix. And you have little control over the "digital" you, it's already "owned" someone else.
Quit 2 years ago and I refuse to go back.
Modern education is little more than toeing the line for the capitalist pigs.
Guerrilla Liberalism won't liberate the US or the world from the iron fist of capital.
Hotel California
"You can check out any time you like, But you can never leave"
[video:https://www.youtube.com/watch?v=ahdkigY8h6w]
We were all so young and innocent then.
What we never realized is once your check into Facebook, you can never really leave.
Do I hear the sound of guillotines being constructed?
“Those who make peaceful revolution impossible will make violent revolution inevitable." ~ President John F. Kennedy
Well, now I'm going to have to
rethink my Kindle use, damn them. I know I need to go back to paper books but I do love the ease of that Kindle. But I loathe using Amazon and knowing they have a nice list of all my books, some of which are certainly of the verboten type our owners would rather none of us read. I refuse to put those books on the cloud so there is that, but I really think it's time for me to go back to paper.
Only a fool lets someone else tell him who his enemy is. Assata Shakur
I’ve never wanted a Kindle. I love books!
I have books in my basement, in closets upstairs, in my cedar closet, in my hallway, and in my bedroom. I’ve never really cared about ‘fashion, i don’t collect (any)thing else. The only possessions I have that I care about are my books and musuc (although I certainly buy a lot less music than I used to).
When discussing the possibly getting rid of this albatross of a house and moving to someplace small I always run into the problem of where I would put my books. They’re my most prized possession.
I'm tired of this back-slapping "Isn't humanity neat?" bullshit. We're a virus with shoes, okay? That's all we are. - Bill Hicks
Politics is the entertainment branch of industry. - Frank Zappa
One more reason to swtich to blockchains like bitcoin
Get rid of the middleman.
Beware the bullshit factories.