The Google Wallet, a lifetime log of your purchases

This made me realise there should be a service which translates Terms of Service documents to human-readable bullet-points. Most people, myself included, are unlikely to start reading these annoying documents, but if there was a place which highlighted important aspects (like the OP does), then we are much more likely to pay attention.<p>YC-funded MarketBrief is doing this for SEC documents. Is there anything that does it for ToS?

So let's say everyone on earth gets my search history and purchase history. What bad things will happen to me?

While this explains why Google wants in the payments business, I refuse to do anything more with Google than search and email. I am just not comfortable with one company knowing that much about me.

How long does a credit card company keep your purchase history and do they keep it private?

Wouldn't the privacy issue be an issue only if it was forced on us? I assume you'd still have the option of hiding purchases from Google by not using the service.

Most people here are assuming that Google will have the line items on your receipt. Credit card companies normally do NOT get that information. It takes extra work for the merchant to provide it. The top line data is both less intrusive and less useful. Does anybody here actually know what data Google will be collecting?

Just what I thought google should know. I felt like they don't already have enough data - I hope I can input my CC number and google wallet will decide what I need for me and just buy it. Living the dream...