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My neighbor thinks a cashless society means the government sees every coffee you buy

He told me this over the fence last week, and it's a common mix-up. The real issue isn't the government watching your latte purchase, it's the payment apps and banks building a profile on your habits. I know because I worked for a data firm that bought this info to target ads. They don't care about the coffee, they care about predicting your next big buy. Does anyone else see people confusing who actually has the data?
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elliotm57
elliotm5719d ago
My old roommate worked at a credit card company and said they sell your shopping patterns to retailers, not the government. The scary part is how they link your small buys to guess when you might need a new car or house. I had to explain to my aunt that her fear was aimed at the wrong group. It's the companies, not the cops, who track that stuff. What did you tell your neighbor when he brought it up?
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jessej23
jessej2319d ago
Honestly, it's so frustrating when people get the wrong idea about who's watching. I told my neighbor pretty much the same thing, that it's the companies building a whole life story from your receipts. Tbh, he just kind of shrugged and went back to mowing his lawn. Feels like you can't win sometimes, even when you know the facts.
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pat781
pat78119d ago
Saw a piece that backs up what @elliotm57 said.
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