Tuesday, August 07, 2018

OPINION - EDITORIAL_ Nobody wants Facebook’s ‘help’ with their bank accounts

NEW YORK POST

OPINION - EDITORIAL

Nobody wants Facebook’s ‘help’ with their bank accounts

By Post Editorial Board

August 7, 2018 | 6:52pm



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Apparently figuring its reputation isn’t bad enough, Facebook has been asking banks to share customer data — including bank balances and recent purchases. Enough, already.

Over the past year, the social-media giant has asked JPMorgan Chase, Wells Fargo, Citigroup and US Bancorp, as well as Google and Amazon, to discuss a feature that would show users their checking-account balances, The Wall Street Journal reports. Facebook has also pitched the idea of sending fraud alerts.

The banks have declined, citing … their duty to keep customers’ data private. Yay — and duh, too.

Consumers don’t need Facebook snooping, however “helpfully.” And while financial institutions can likely make e-banking easier and more convenient (but still safe), bringing Facebook’s Messenger app into the mix seems beyond superfluous.

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READ MORE: https://nypost.com/2018/08/07/nobody-wants-facebooks-help-with-their-bank-accounts/


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