This just in from the Washington Post

Originally Posted By: The Cybersecurity 202
Facebook is seeking financial information about customers of several banks with the goal of expanding the reach of its messaging app, according to the Wall Street Journal. “Facebook increasingly wants to be a platform where people buy and sell goods and services, besides connecting with friends,” the Journal's Emily Glazer, Deepa Seetharaman and AnnaMaria Andriotis reported on Monday. “The company over the past year asked JPMorgan Chase & Co., Wells Fargo & Co., Citigroup Inc. and U.S. Bancorp to discuss potential offerings it could host for bank customers on Facebook Messenger, said people familiar with the matter.”

Facebook is looking for information such as checking-account balances and card transactions, and one bank has withdrawn from the discussions out of concerns about data privacy. The social network said it isn't looking for financial information for advertisement purposes. “'We don’t use purchase data from banks or credit card companies for ads,' said spokeswoman Elisabeth Diana,” the Journal reported. “'We also don’t have special relationships, partnerships, or contracts with banks or credit-card companies to use their customers’ purchase data for ads.'”


"All you've got to do is own up to your ignorance
honestly, and you'll find people who are eager to
fill your head with information"
--Walt Disney