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Tag Archives: data brokers

Card transactions eerily revealing

Kelly Dilworth

According to a new study published in Science magazine, researchers with access to ‘anonymized’ credit card data — transactions that have been stripped of personally identifying information — can piece together who bought what simply by using a few publicly available markers they’ve collected online, such as geo-tagged tweets and time-stamped Facebook status updates.
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By blinding retailers, mobile payments may boost privacy

Kelly Dilworth

If Apple Pay and similar mobile payment systems catch on with enough people, it will help undermine the data broker industry, which has been collecting and selling people’s purchase histories for years. It may also help attract more privacy and security-conscious cardholders to mobile payments, which have struggled to gain traction with consumers.
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