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Facebook to banks: give us our users' financial data and we'll let them bank with Facebook


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 2 months ago '16        #1
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00010111 86 heat pts86
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Facebook to banks: give us our users' financial data and we'll let them bank with Facebook
 

 
Facebook to banks: give us our users' financial data and we'll let them bank with Facebook

image

Facebook wants to "deepen user engagement" with Messenger, and to that end, it's been pitching America's giant banks on joint enterprises where Facebook will get to see all your financial info (especially info on where you're shopping and what you're buying) to help it suck you into using Messenger for longer.

In return, Facebook offered to let the banks do business through its platform, allowing Facebook users to transact business and manage their finance through Facebook Messenger.

However, it promised the banks that the financial data they turned over wouldn't be shared with third parties.

The news that Facebook might be able to access all this financial data resulted in a massive share-price surge, with shares up 3.5%, recovering much of the ground lost during Facebook's share-price bloodbath last month.



Facebook has told banks that the additional customer information could be used to offer services that might entice users to spend more time on Messenger, a person familiar with the discussions said. The company is trying to deepen user engagement: Investors shaved more than $120 billion from its market value in one day last month after it said its growth is starting to slow.

Facebook said it wouldn’t use the bank data for ad-targeting purposes or share it with third parties.

“We don’t use purchase data from banks or credit card companies for ads,” said spokeswoman Elisabeth Diana. “We also don’t have special relationships, partnerships, or contracts with banks or credit-card companies to use their customers’ purchase data for ads.”


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46 comments for "Facebook to banks: give us our users' financial data and we'll let them bank with Facebook"

 2 months ago '04        #2
Mike T 160 heat pts160
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Ain't stopping until he hit a trillion

 2 months ago '07        #3
DIPSET101 30 heat pts30
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zucks doing too much now

 2 months ago '12        #4
acefresh 21 heat pts21
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So they'll know what you think, what you do, where you go, when you go, who you go with, who your family is, who your friends are, what your interests are, what your dislikes are, habits, pet peeves, love interests, and now also how much money you have, how u spend, what you buy, and where you buy it.........all this data being extrapolated by super computers so they can essentially make you do whatever they want by highly targeted advertisements via psychological manipulation based on a thorough understanding of your wants, desires, and ticks.

If you stil have a Facebook, youre a fu*king idiot.
+2   

 2 months ago '10        #5
ineedmusic23 2 heat pts
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I truly only use FB to find events the homies are going to or that are in my area. Outside of that FB is just a time waster. I WILL NOT give FB my financial information after that bullsh*t they pulled a few months ago

 2 months ago '16        #6
postemupndunkit 4 heat pts
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lmaooooooooooooooooooo

zuckerberg gonna get himself jammed up

he gotta chill

financial institutions are UNTOUCHABLE

he's gonna get himself into situation that only death will part him from

 2 months ago '04        #7
nwking 49 heat pts49
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I don't have Facebook, IG, or Twitter. I think my Myspace account is on the web somewhere though...Boxden all day though
+1   

 2 months ago '06        #8
realgunta 803 heat pts803
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nah im good

 2 months ago '05        #9
Daddy Black 2 heat pts
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Hell nah. You got to be one stupid motherfu*ker to use this sh*t. Just asking for your account to get hacked and cleaned out no thanks.

 2 months ago '16        #10
TomDick&Harry 26 heat pts26
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NWO. If you think Zuckerberg really owns Facebook

Btw. Your Email service already does this. With your email transaction/confirmation receipts and notifications.


Last edited by TomDick&Harry; 08-08-2018 at 07:29 AM..

 2 months ago '08        #11
flav 2 heat pts
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 acefresh said
So they'll know what you think, what you do, where you go, when you go, who you go with, who your family is, who your friends are, what your interests are, what your dislikes are, habits, pet peeves, love interests, and now also how much money you have, how u spend, what you buy, and where you buy it.........all this data being extrapolated by super computers so they can essentially make you do whatever they want by highly targeted advertisements via psychological manipulation based on a thorough understanding of your wants, desires, and ticks.

If you stil have a Facebook, youre a fu*king idiot.
That sh*t that makes your soul burn slow


 2 months ago '18        #12
BrooklynDamien 
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So people still on fb huh? I had no idea

 2 months ago '05        #13
theking08 5 heat pts
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I'm not sure if ya'll hip on Black Mirror but I saw an episode yesterday that showed if every aspect of our life was controlled by a Facebook like system. And you were given ratings for everything. It was crazy!! but we def heading in that direction

 2 months ago '17        #14
Its 
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Illuminati confirmed

 2 months ago '17        #15
Its 
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Im n fb jail rn
Think I'll stay gone
Wasn't feeling all those "how you die " "what if you were the opposite s3x" and "who's your best friend" bullsh*ts either. They stay fishing for personal thoughts and info
This is 1984, straight up

 2 months ago '06        #16
Storchaveli 101 heat pts101
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fu*k Facebook and fu*k Zuckerberg.

 2 months ago '15        #17
Hellmatic 1 heat pts
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 theking08 said
I'm not sure if ya'll hip on Black Mirror but I saw an episode yesterday that showed if every aspect of our life was controlled by a Facebook like system. And you were given ratings for everything. It was crazy!! but we def heading in that direction
Bruh that show is genius. So ahead of its time, check out the white Christmas episode

 2 months ago '14        #18
Mutant Boy 128 heat pts128
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Annnnnnnnnd another reason why not to have Facebook.

 2 months ago '13        #19
dtdroid 142 heat pts142
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 postemupndunkit said
lmaooooooooooooooooooo

zuckerberg gonna get himself jammed up

he gotta chill

financial institutions are UNTOUCHABLE

he's gonna get himself into situation that only death will part him from
He's not opposing the banks; he's allowing the banks to use his platform to conduct their business through facebook

Reading is fundamental

 2 months ago '05        #20
klew 229 heat pts229
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I send money through the Facebook messenger. It's all I use it for. I don't even use my Facebook. It's instant and it works great. Just like "garage sales" went digital through Offerup to name one company, so has the way we lend and send money. Its convenient for me because I'm always giving my mom money. Instead of going to the bank and withdrawing money I'm sending it directly to her account in an instant

I'm sending money using my phone. I'm paying for items at the store with my phone. I even open my front door with my phone. Crazy stuff

 2 months ago '16        #21
Cait 121 heat pts121
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They do the same with ig

Stay woke

 2 months ago '16        #22
postemupndunkit 4 heat pts
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 dtdroid said
He's not opposing the banks; he's allowing the banks to use his platform to conduct their business through facebook

Reading is fundamental
I completely understand.

I'm using CONTEXT based on how invasive their data mining practices are, coupled with doing business with financial institutions can be a recipe for disaster.

You are always so quick to be dumb.

It's like you cant resist it.

 2 months ago '04        #23
Youngporter 1 heat pts
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 theking08 said
I'm not sure if ya'll hip on Black Mirror but I saw an episode yesterday that showed if every aspect of our life was controlled by a Facebook like system. And you were given ratings for everything. It was crazy!! but we def heading in that direction
Funny you said that sh*t. I was my philosophy class and a dude from China said that there is. System like that already in place in China. Plus the media can only report 10 percent of a story to promote peace in the country. My classmate was on a train and 20 people died the the media was saying only 2

 2 months ago '13        #24
dtdroid 142 heat pts142
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 postemupndunkit said
I completely understand.

I'm using CONTEXT based on how invasive their data mining practices are, coupled with doing business with financial institutions can be a recipe for disaster.

You are always so quick to be dumb.

It's like you cant resist it.
The fact that you used the phrase "financial institutions are UNTOUCHABLE" indicates you believed Zuckerberg was competing against these banks instead of working with them. Why not just read three sentences of the article?

 2 months ago '04        #25
Tha754kid 1 heat pts
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$5,462 | Props total: 1854 1854
No way in hell would I give them my banking info. They doing way too much now.

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