Companies are racing to get your banking data

 

Source: Drew Harwell, Washington Post ( Paid Registration )

Facebook’s push to gain access to users' banking data and other sensitive financial information could help make online banking more efficient—or it could backfire among those skeptical that the world’s biggest social network can reliably safeguard personal data.

The site has joined a growing race among big technology companies seeking private information once regarded as off-limits: users' checking-account balances, recent credit card transactions and other facts of their personal finances and everyday lives.

Read Full Article: Companies are racing to get your banking data

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