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Facebook wants your bank data

August 7, 2018

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According to the Wall Street Journal, the tech titan was talking to financial organisations to get information like credit card transactions and account balances.

The timing is interesting as Facebook is battling privacy concerns and adjusts its policy regarding user data.

The data in question would be used for Messenger features including account balance updates and fraud alerts, but not for Facebook’s other platforms.

At present, Facebook does have access to financial data from some companies for services such as customer service chats and account management. Users give Facebook permission to access their information, the company adds.

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