18 votes

Facebook in talks with banks to add your financial information to Messenger

33 comments

  1. [15]
    CALICO
    Link
    Yeah, that's gonna be a no for me, dawg. I've been really on the fence with Facebook for a long time now. Especially after Cambridge Analytica. I don't need Facebook in my life. I'm out.

    Yeah, that's gonna be a no for me, dawg.

    I've been really on the fence with Facebook for a long time now. Especially after Cambridge Analytica. I don't need Facebook in my life. I'm out.

    21 votes
    1. [14]
      demifiend
      Link Parent
      That's a hell no from me. I had actually nuked my account back in 2017. The only reason I recreated it a month ago was under duress; it was either that or have my extended family underfoot while...

      That's a hell no from me. I had actually nuked my account back in 2017. The only reason I recreated it a month ago was under duress; it was either that or have my extended family underfoot while they staged an "intervention" because they couldn't find me on Facebook, therefore there must be something wrong with me.

      10 votes
      1. [5]
        CALICO
        Link Parent
        Family and old-friends are largely why I've held on to mine, as I live 500 miles from the nearest of them. But, I'm done. They can find me on Instagram (for now; owned by FB), and Snapchat (who...

        Family and old-friends are largely why I've held on to mine, as I live 500 miles from the nearest of them. But, I'm done. They can find me on Instagram (for now; owned by FB), and Snapchat (who I'm losing patience with).

        8 votes
        1. demifiend
          Link Parent
          I have a website. Anybody who wants to can reach me by email. It's not that fuckin' hard. But my extended family would rather use Facebook because "everybody uses it".

          I have a website. Anybody who wants to can reach me by email. It's not that fuckin' hard. But my extended family would rather use Facebook because "everybody uses it".

          8 votes
        2. [2]
          lag
          Link Parent
          God snapchats a steaming pile of horse shit of a app on android. Not even exxerating it made me go BACK to facebook for one reason: messeenger. I shit you not snapchat is that bad on android lol

          God snapchats a steaming pile of horse shit of a app on android. Not even exxerating it made me go BACK to facebook for one reason: messeenger. I shit you not snapchat is that bad on android lol

          3 votes
          1. JayJay
            Link Parent
            I don't really have that many issues with it, although i've mostly stopped using it since the update that changed around the app pages and integrated ads into everything. Also it took forever to...

            I don't really have that many issues with it, although i've mostly stopped using it since the update that changed around the app pages and integrated ads into everything. Also it took forever to get "multi-snap" functionality, which did bug me for a while. Was snap ever meant to be a decent messenger though? With no historical view of messages I don't really see how. These days my messenger use is split between slack, discord and occasionally steam.

        3. patience_limited
          Link Parent
          I am so old-fashioned that I have a phone and give the number to friends and relatives I'd like to hear from, as well as a bevy of e-mail addresses segmented by purpose and community. My Facebook...

          I am so old-fashioned that I have a phone and give the number to friends and relatives I'd like to hear from, as well as a bevy of e-mail addresses segmented by purpose and community.

          My Facebook account exists so that I can keep track of that one relative who occasionally posts suicide threats which need to be paid attention to. What is this "Messenger" thing, anyway?

          [All kidding aside, Facebook has been such a horrible pile of stink for so long that it's amazing banks would want to deal with the platform's security holes and ease of abuse.]

          1 vote
      2. [5]
        hungariantoast
        Link Parent
        I can't tell if you literally mean they would have staged an intervention due to you not using Facebook, but if that is in fact what you mean, I would have pushed back so hard against that, let...

        have my extended family underfoot while they staged an "intervention" because they couldn't find me on Facebook, therefore there must be something wrong with me.

        I can't tell if you literally mean they would have staged an intervention due to you not using Facebook, but if that is in fact what you mean, I would have pushed back so hard against that, let them do the intervention, and then tear into them about how clueless and careless they are with their lives, simply by allowing their online existence to be plundered and pillaged by Zuckerberg and his goonies.

        Of course, that might be why I'm single.

        4 votes
        1. [4]
          demifiend
          Link Parent
          Yes, I literally meant that. I was tempted to push back, but I know my family. Once my relatives descended upon me, the only way to get them to leave would have been at gunpoint, and out of...

          I can't tell if you literally mean they would have staged an intervention due to you not using Facebook, but if that is in fact what you mean, I would have pushed back so hard against that, let them do the intervention, and then tear into them about how clueless and careless they are with their lives, simply by allowing their online existence to be plundered and pillaged by Zuckerberg and his goonies.

          Yes, I literally meant that. I was tempted to push back, but I know my family. Once my relatives descended upon me, the only way to get them to leave would have been at gunpoint, and out of deference to my wife I don't keep firearms in the house.

          It was easier to just create an account with the bare minimum data, lock it down so that only "friends" could see anything besides my name, only add my wife as a friend, and leave in my "intro" a brief message stating that anybody who really wants to reach me can damned well use my fucking website.

          Call it cowardice, but I'm choosy about the battles I fight.

          4 votes
          1. [2]
            Comment deleted by author
            Link Parent
            1. demifiend
              Link Parent
              Yeah, but my extended family is also pissy because I won't let any of them call me on the phone. I don't have a landline, and my smartphone has an app that automatically blocks calls and texts...

              Yeah, but my extended family is also pissy because I won't let any of them call me on the phone. I don't have a landline, and my smartphone has an app that automatically blocks calls and texts from numbers I haven't pre-approved.

              None of them wanted anything to do with my parents because they didn't approve of the relationship, but they all want relationships with me and my brother. I never knew any of them growing up, so as far as I'm concerned they're family in name only. Unfortunately, my idiot brother gave them my physical address, so cutting them out of my life completely isn't feasible.

              3 votes
          2. [2]
            hungariantoast
            Link Parent
            No, what you did makes sense, but I guess I'm so far gone from the world that I couldn't actually imagine anyone being so railed against me for not being on their preferred platform. Maybe if you...

            No, what you did makes sense, but I guess I'm so far gone from the world that I couldn't actually imagine anyone being so railed against me for not being on their preferred platform.

            Maybe if you wain off from using your profile, and eventually delete it after not using it for a few weeks, they'll never even notice it's gone?

            1. demifiend
              Link Parent
              Tried that last time around.

              Tried that last time around.

              1 vote
      3. [3]
        PsychoPitcher
        Link Parent
        How did you nuke your page?

        How did you nuke your page?

        2 votes
        1. demifiend
          Link Parent
          I kept posting goatse on public until they banned me, since the standard tool wouldn't work.

          I kept posting goatse on public until they banned me, since the standard tool wouldn't work.

          6 votes
        2. Soptik
          Link Parent
          If you have friends on Facebook and you want to keep in touch with them via messenger, you can deactivate your account. This preserves your account information, but nobody can access your profile,...

          If you have friends on Facebook and you want to keep in touch with them via messenger, you can deactivate your account. This preserves your account information, but nobody can access your profile, existence of your account is shown only to your friends and you can use messenger.

          https://www.facebook.com/help/214376678584711

          1 vote
  2. [2]
    Comment deleted by author
    Link
    1. demifiend
      Link Parent
      Because most Silicon Valley developers would be right at home resurrecting dinosaurs using frog DNA at Jurassic Park: Every time you see adtech, or dark patterns, or platforms accessing data they...

      … Why?

      Because most Silicon Valley developers would be right at home resurrecting dinosaurs using frog DNA at Jurassic Park:

      Ian: "Your scientists were so preoccupied with whether or not they could, they didn’t stop to think if they should."

      Every time you see adtech, or dark patterns, or platforms accessing data they have no business accessing (let alone collecting and retaining in the first place), it's because some genius got caught up on "can we", never bothered to think about "should we", and nobody had the guts or the authority to say, "hell no, this is a bad idea".

      12 votes
  3. [7]
    BlackLedger
    Link
    This is a huge fuck no. Maybe I am biased due to my own circumstances, but most people seem to value privacy with regard to their finances. Like, there are entire industries built on this.

    This is a huge fuck no. Maybe I am biased due to my own circumstances, but most people seem to value privacy with regard to their finances. Like, there are entire industries built on this.

    8 votes
    1. [6]
      Comment deleted by author
      Link Parent
      1. demifiend
        Link Parent
        That doesn't surprise me, for reasons I'll explain below. They value convenience over privacy. So far, Venmo has proven extremely convenient for those who use it. They're already using Venmo for...

        Yet Venmo is trying to make a public-by-default social network for all of your payments, and it’s taking off.

        That doesn't surprise me, for reasons I'll explain below.

        People truly do not seem to value privacy.

        They value convenience over privacy. So far, Venmo has proven extremely convenient for those who use it. They're already using Venmo for its original purpose, and haven't gotten burned, so they see no issue with Venmo's scope creep.

        5 votes
      2. [4]
        BlackLedger
        Link Parent
        The unfortunate thing is that I can really see this becoming another area where the haves and have-nots are treated differently. Technology can be used to obfuscate the finances of the wealthy...

        The unfortunate thing is that I can really see this becoming another area where the haves and have-nots are treated differently. Technology can be used to obfuscate the finances of the wealthy (here in the Bahamas, you can literally have an International Business Corporation spun up in an hour for about $2500; you could probably do the complete set up of Hong Kong IBC-> off-shore discretionary trust -> Seychelles private interest foundation in 24 hours if you had experienced people working on it). So you'll wind up in a situation where the wealthy move everything off-shore under a cloud of secrecy and everyone else gets sheared like a sheep.

        2 votes
        1. [3]
          demifiend
          Link Parent
          It would take me a few months, but I could scrape together $2,500. I suppose the hard part would be getting paid work through through the IBC rather than directly to me, so that I can avoid paying...

          Technology can be used to obfuscate the finances of the wealthy (here in the Bahamas, you can literally have an International Business Corporation spun up in an hour for about $2500; you could probably do the complete set up of Hong Kong IBC-> off-shore discretionary trust -> Seychelles private interest foundation in 24 hours if you had experienced people working on it)

          It would take me a few months, but I could scrape together $2,500. I suppose the hard part would be getting paid work through through the IBC rather than directly to me, so that I can avoid paying Federal and state income and payroll taxes on my wages...

          1. [2]
            BlackLedger
            Link Parent
            I am not qualified to comment on American taxation so I couldn't say how to go about this, but I suspect there is some way to do something along the lines of working as a consultant or contractor,...

            I am not qualified to comment on American taxation so I couldn't say how to go about this, but I suspect there is some way to do something along the lines of working as a consultant or contractor, having your fees paid to the IBC, and then have the IBC pay you a dividend. This isn't tax-free but would be more advantageous if you're in a jurisdiction where dividends are taxed at a lower rate.

            2 votes
            1. demifiend
              Link Parent
              Thanks. I'm just thinking out loud. I'd be better served going to a slightly crooked CPA and asking them straight out how I can legally avoid paying taxes on my wages/salary.

              Thanks. I'm just thinking out loud. I'd be better served going to a slightly crooked CPA and asking them straight out how I can legally avoid paying taxes on my wages/salary.

    2. demifiend
      Link Parent
      Considering the havoc insecure finances can wreak on one's life, this is one area where it doesn't pay to fuck around. I don't want Facebook knowing about my finances any more than I want them...

      Maybe I am biased due to my own circumstances, but most people seem to value privacy with regard to their finances. Like, there are entire industries built on this.

      Considering the havoc insecure finances can wreak on one's life, this is one area where it doesn't pay to fuck around. I don't want Facebook knowing about my finances any more than I want them accessing my medical records.

      3 votes
  4. [2]
    demifiend
    Link
    As if Facebook Messenger doesn't do too much already, Facebook is apparently in talks with major banks to access its users' financial data. This makes me profoundly nervous; Facebook couldn't even...

    As if Facebook Messenger doesn't do too much already, Facebook is apparently in talks with major banks to access its users' financial data. This makes me profoundly nervous; Facebook couldn't even keep Cambridge Analytica from misusing data that individuals put into Facebook, and we're supposed to trust these people with our financial data, too?

    7 votes
    1. lag
      Link Parent
      Yea with reddit gettnig hacked the other day this is gonna be a no from me dog, I am not risking the biscut here

      Yea with reddit gettnig hacked the other day this is gonna be a no from me dog, I am not risking the biscut here

      2 votes
  5. [2]
    Comment deleted by author
    Link
    1. Archimedes
      Link Parent
      I'm not sure I understand your use of "clandestine" here.

      I'm not sure I understand your use of "clandestine" here.

      1 vote
  6. AFineAccount
    Link
    It's clear who they are catering to. Facebook is built to collect and store as much data as possible to make a profit off of. Their game is selling those practices to the public in a way that...

    Facebook's stock was up about 3.8 percent Monday.

    It's clear who they are catering to. Facebook is built to collect and store as much data as possible to make a profit off of. Their game is selling those practices to the public in a way that makes them want to participate in it. This, in particular, may not go through because it's a tough sell to convince people to hand over financial information - but location data is easy because it allows people to review places they've been to or connect with nearby friends, psychographic data is easy to sell because it can be used to prop the system up as a virtual friend. Facebook convinces people to hand over personal data because it says it is required for gimmicky features, never mentioning how it is being sold. While this may not succeed, it does not need to. Facebook has already harvested enough data to inflict real harm and to make record profits.

    The only way to protect personal data is to avoid Facebook altogether. It's a machine designed to collect data, and no matter how many VPNs or deleted accounts a person burns through to send another message to their pseudo-racist aunt, Facebook will still be able to invade a person's privacy. It is all it exists to do.

    5 votes
  7. EscReality
    Link
    Yeah... that's gonna be a hard pass.

    Yeah... that's gonna be a hard pass.

    4 votes
  8. Archimedes
    Link
    I thought this might be a peer-to-peer payment thing, which could potentially be a smart move for FB, but for customer service? That's a really terrible excuse to have people's financial information.

    I thought this might be a peer-to-peer payment thing, which could potentially be a smart move for FB, but for customer service? That's a really terrible excuse to have people's financial information.

    4 votes
  9. [3]
    lag
    Link
    Alot of these comments blast bookface, and rightly so, yet google does much of the same already with things like google wallet, android pay(or whatever the fuck its named now).

    Alot of these comments blast bookface, and rightly so, yet google does much of the same already with things like google wallet, android pay(or whatever the fuck its named now).

    2 votes
    1. [2]
      demifiend
      Link Parent
      I don't like being put in the position of having to defend Google -- First, they aren't paying me. Second, they need to suffer Standard Oil's fate. -- but my understanding is that Google Wallet...

      Alot of these comments blast bookface, and rightly so, yet google does much of the same already with things like google wallet, android pay(or whatever the fuck its named now).

      I don't like being put in the position of having to defend Google -- First, they aren't paying me. Second, they need to suffer Standard Oil's fate. -- but my understanding is that Google Wallet and Android Pay aren't quite the same. To my knowledge, Google didn't have my credit card details until I chose to provide them. It didn't go behind my back, talk to my bank, and say, "Hey, we'd like access to your customer data so that we can start handling payments for our users on an opt-out basis."

      3 votes
      1. Archimedes
        Link Parent
        I hope Google doesn't do anything too horribly evil. I assume they pretty much know everything about me as they've got over a decade of my emails, searches, browsing history, and location data. So...

        I hope Google doesn't do anything too horribly evil. I assume they pretty much know everything about me as they've got over a decade of my emails, searches, browsing history, and location data. So far the services they provide has been worth the data I've allowed them to have, but it would be scary they started being as careless and corrupt as facebook.