“If you’re someone who’s buying products on the web, we know who is buying the products where, and we can leverage the data,” Grether said in a statement to the WSJ. He also said that PayPal will receive shopping data from customers using its credit card in stores.
A PayPal spokesperson tells the WSJ that the company will collect data from customers by default while also offering the ability to opt out.
PayPal is far from the only company to sell ads based on transaction information. In January, a study from Consumer Reports revealed that Facebook gets information about users from thousands of different companies, including retailers like Walmart and Amazon. JPMorgan Chase also announced that it’s creating an ad network based on customer spending data, while Visa is making similar moves. Of course, this doesn’t include the tracking shopping apps do to log your offline purchases, too.
Is it just me or are cheques still the best, cheapest, most secure, and generally universal way to send money from one person to another?
I’ve been thinking about this a lot the past few weeks.
Assuming all parties have a bank account, you normally can get checks for free or some nominal amount.
Checks can be deposited via a bank’s mobile app.
They don’t require you to download a separate app.
You can stop a check by calling your bank
Since your money doesn’t leave the bank, it’s FDIC insured
Yes I know that the MIRC line isn’t secured but your account is still protected by the bank for any fraud. You don’t get those same protections from venmo or cashapp.
The closest I’ve seen is zelle but not every bank supports it.
Yeah because it’s really secure anyone can take out your cash via ACH or whatever by your account numbers on that piece of paper.
your account is still protected by the bank for any fraud
Your bank is required to investigate and such, yeah? And you will most likely get your money back - after a while - if their investigation determines it was fraudulent. But a long process that’d be avoided by having a safer electronic transfer system. And what will you do if the bank thinks it’s some friendly fraud?
Not worth it. I don’t even like direct debit. No one should initiate taking money from my account other than myself.
Cheques? Who uses those anymore?
I see them useful maybe for a down payment for a house.
I don’t think that there is a merchant today that would accept them.
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !privacyguides@lemmy.one
In the digital age, protecting your personal information might seem like an impossible task. We’re here to help.
This is a community for sharing news about privacy, posting information about cool privacy tools and services, and getting advice about your privacy journey.
You can subscribe to this community from any Kbin or Lemmy instance:
Check out our website at privacyguides.org before asking your questions here. We’ve tried answering the common questions and recommendations there!
Want to get involved? The website is open-source on GitHub, and your help would be appreciated!
This community is the “official” Privacy Guides community on Lemmy, which can be verified here. Other “Privacy Guides” communities on other Lemmy servers are not moderated by this team or associated with the website.
Moderation Rules:
We prefer posting about open-source software whenever possible.
No soliciting engagement: Don’t ask for upvotes, follows, etc.
Surveys, Fundraising, and Petitions must be pre-approved by the mod team.
Be civil, no violence, hate speech. Assume people here are posting in good faith.
Don’t repost topics which have already been covered here.
News posts must be related to privacy and security, and your post title must match the article headline exactly. Do not editorialize titles, you can post your opinions in the post body or a comment.
Memes/images/video posts that could be summarized as text explanations should not be posted. Infographics and conference talks from reputable sources are acceptable.
No help vampires: This is not a tech support subreddit, don’t abuse our community’s willingness to help. Questions related to privacy, security or privacy/security related software and their configurations are acceptable.
No misinformation: Extraordinary claims must be matched with evidence.
Do not post about VPNs or cryptocurrencies which are not listed on privacyguides.org. See Rule 2 for info on adding new recommendations to the website.
General guides or software lists are not permitted. Original sources and research about specific topics are allowed as long as they are high quality and factual. We are not providing a platform for poorly-vetted, out-of-date or conflicting recommendations.
Is it just me or are cheques still the best, cheapest, most secure, and generally universal way to send money from one person to another?
I’ve been thinking about this a lot the past few weeks.
Yes I know that the MIRC line isn’t secured but your account is still protected by the bank for any fraud. You don’t get those same protections from venmo or cashapp.
The closest I’ve seen is zelle but not every bank supports it.
Every bank supports depositing in a check.
Yeah because it’s really secure anyone can take out your cash via ACH or whatever by your account numbers on that piece of paper.
Your bank is required to investigate and such, yeah? And you will most likely get your money back - after a while - if their investigation determines it was fraudulent. But a long process that’d be avoided by having a safer electronic transfer system. And what will you do if the bank thinks it’s some friendly fraud?
Not worth it. I don’t even like direct debit. No one should initiate taking money from my account other than myself.
Cheques? Who uses those anymore? I see them useful maybe for a down payment for a house. I don’t think that there is a merchant today that would accept them.
Yep, it’s just you. The number one thing is the instant transaction.