Apple`s new credit card, called Apple Card, was announced this spring and is not available for… Recently, I used my credit card to buy a banana. Then I tried to figure out how my credit card companies make me buy. That was not good news. He said that six different types of companies “sold me” on some bananas, including the card network. Fowler explains that while Apple has pushed Goldman Sachs not to share your data with distributors (which is great), “the Apple Card, which runs on the Mastercard network, doesn`t introduce many new technologies to protect you from a lot of other hands that go to the checkout.” Listen to Post Reports: Tech-columnist Geoffrey Fowler on all entities with access to your credit card data. The devil is late for payment. As far back as 2012, PayPal banned “obscene” content from cleaning up erotic writers and publishers: BookStrand, All Romance Ebooks, Excessica and Smashwords were among the companies. PayPal held Visa and Mastercard responsible for the discriminatory censorship of the payment agent. Mastercard replied that no, it was all about PayPal. “To be clear, Mastercard was not involved in the PayPal`s decision to refuse payments for certain books,” the company said. “In this particular scenario, Mastercard would not take any action on the use of its maps and systems for the sale of legitimate materials, intended to explore erotic content of this kind.” It is interesting to note that the response from Visas was similar.
Banks have long been required to report suspicious transactions to the government. But the Gramm-Leach-Bliley Act of 1999 also allows banks to share identifiable personal data with companies. All you have to do is send a privacy statement and give yourself the right to opt out. (For more information on the opt-out, see below) Networks, whose main activity is the interconnection of banks, present themselves as “data visions” in the aggregation of purchases and their sale. Visa says it allows customers to see population data as small as 50 people, often linked to groups in postcodes. Mastercard would not reveal its minimum group size. If you`re interested in privacy, there are steps you can take to better protect your consumer life – but that`s a work of time. Apple also gives candidates and cardholders the ability to share this information with Goldman and remove the anonymous look if they want Goldman to reassess its initial Apple Card credit offer or expand its existing line of credit. I paid for my bananas with physical cards, but smartphone payment systems put even more hands on transactions. Apps can access not only what you buy, but also where you go. If you apply for the Apple card on apple.com and have the right to use Apple Line of Credit, your application information will be collected and transmitted via the Internet.