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© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.For banks, data on your spending habits could be a gold mine
By ANICK JESDANUN NEW YORK©2024 GPlusMedia Inc.
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mmwkdw
Well my opinion is based on mainly Credit Card usage over Debit Card usage - the former being somewhat more popular than the latter here in Japan.
mmwkdw
Banks ?
Come off it... you really mean the Credit Card Companies, and Store Cards - these are the the ones with the actual breakdowns of what you're spending your money on... particularly the Store Card Companies - they do use the data to target you with promotions... Credit Card Companies, less so.
TARA TAN KITAOKA
Datas will be important to anybody but this is against the law of privacy. Those collecting this data can be sued.
JJ Jetplane
This article is 15 years too late. Banks have been doing this over a decade and it was covered all the way back then as well. How do you think AMEX comes up with those well timed offers?
JonathanJo
Wouldn't it be nice if the banks asked each customer whether they would like to opt in for these services. Maybe if they offered a financial inducement, some people would accept to have their data analysed and traded.
What I use my cards for, should I think be between me and the bank.