Banks will Steal Your Data Just Like Tech Giants Do

“For years, Google and Facebook have been showing ads based on your online behavior. Retailers from Amazon to Walgreens also regularly suction up your transaction history to steer future spending and hold your loyalty.

Now banks, too, want to turn data they already have on your spending habits into extra revenue by identifying likely customers for retailers….

Wells Fargo began customizing retail offers for individual customers on Nov. 21, joining Chase, Bank of America, PNC, SunTrust and a slew of smaller banks…”

https://www.fox5ny.com/news/data-on-your-spending-habits-could-be-a-gold-mine-for-banks

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