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How Mastercard sells its ‘gold mine’ of transaction data

95 点作者 janedoegrrr超过 1 年前

7 条评论

senkora超过 1 年前
A lot of these products descend from their Applied Predictive Technologies acquisition back in 2015.<p>APT was a very interesting company. It was a hybrid between a business consulting company and a software company.<p>And by that I mean, if you saw them at the Harvard career fair they would tell you that they were a consulting company, and if you saw them at the CMU career fair they would tell you that they were a software company. Because they preferred to hire their consultants from Harvard (and others) and their software developers from CMU (and others).<p>And the truth was in the middle. The software half of the company built data analysis and business analytics software platforms, that the consulting half of the business drove on behalf of clients as part of engagements.<p>It was a consulting company that, rather than building their consulting work on a mess of excel and powerpoint, built it on a robust in-house data analysis platform instead.<p>Quite a unique place.
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hedora超过 1 年前
I remember when banks weren’t allowed to sell transaction data.<p>I wonder if the law changed, or if the root cause of this being allowed is an enforcement &#x2F; judicial issue.<p>I also wonder if they managed to get a carve out for themselves in California’s recently-passed universal data broker opt-out law.
Kretinsky超过 1 年前
This is why we need cash, encryption, and strong privacy laws.
jjgreen超过 1 年前
Cash doesn&#x27;t have this problem.
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dakial1超过 1 年前
I never understood why Meta didn&#x27;t buy mastercard&#x2F;visa as this would give it a greater grip on people&#x27;s personal data.
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craighay1超过 1 年前
It was unclear from the article whether this applies to only credit card transactions or also Mastercard debit cards. At least it is possible to choose not to use credit cards, a bit harder with debit.<p>I&#x27;d love to see how this data is &quot;anonymised&quot;.<p>On a related note, in the UK at least, all of the big supermarkets have switched their loyalty card (data harvesting schemes) from offering &quot;points&quot; per unit spend to offering direct large discounts on certain items in store. Makes it much more difficult to justify opting out of giving away the details of your personal shopping habits to these corporations.
jschveibinz超过 1 年前
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