According to an article in Fortune (August 6, 2018) Facebook has asked big banks to share their customers’ detailed financial records with it in an effort to offer new financial and commerce services through Facebook Messenger, the Wall Street Journal reports.
The social media network wants access to card transactions and checking account balances along with information about where its users shop, the report said, citing people familiar with the matter.
By helping friends and family do more than chat online, Facebook hopes to increase the amount of time that users spend with its Messenger app. Banks would get access to Facebook user information, in exchange for sharing their financial data.
Gennie Gebhart, a Researcher at the Electronic Frontier Foundation, a digital civil liberties organization, told Fortune that this push to change user habits and increase their interactions with businesses through the Messenger app is dangerous for user privacy.
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