This is unbelievably unethical and should be made illegal, with retroactive fines. I’ll be writing my city and state attorneys and legislators about this tonight. I’ll ask that all banks with this practice have their physical locations closed.
Good for you, honestly. As a side note, computer science forums are one of the few places where you get posts like this. I like hanging out on HackerNews because I can talk to people like you.
We've had this before: a very long time ago the banks tried to do the same thing, and there was uproar and legislation. If I can find out the name for it I will post here.
Visa, Mastercard, etc power the debit card APIs every bank uses. They and every internet enabled cash register and middle-man like Square and Stripe sell all that data already.
The banks were just feeling left out.
If you think privacy is a human right, then help preserve it by using cash everywhere possible.
Getting harder to use cash. Fewer places accept it at all since COVID, and even some consumer purchases trigger SAR review when I withdraw the cash. (e.g. buying a whole rig's worth of expensive computer parts from Microcenter, a car, or even some TV's can all approach that $8,000 limit where banks consider it close enough to the $10,000 rule)
Yep.
But for me I started using cash when I noticed my local stores were trying to transition away from cash. They would have one aisle that would accept cash.
As soon as I noticed the transition away from cash at my daily stores, I started using cash way more often and I was a prick about it. For example at a drag race, I couldn't use a card. I'd select some items I wanted to buy, get into line, then be like oh can I pay in cash? No? And then leave the item that the register.
Sure cards are convenient, but this world will become so much more oppressive if we lose the ability to spend with cash.
Buy a $1000 tablet, lol here's 50 $20.
You'll also notice the clerk's attitude change. The money I'm spending becomes real to them. It's no longer just a number on a screen. They recognize how long it takes to earn that $20.
There's a store with lots of self-checkout machines and one human cashier, who is trained to ask "Are you paying with cash?" then direct you to machines otherwise. Sometimes they look disappointed when I confirm cash payment. I should ask, "Do you prefer digital payment?" and follow up with, "If everyone pays digitally, what will you do?"
"Just buy a lock" isn't the solution to people stealing cars. The onus isn't on innocent people to protect themselves from thieves. The onus is on the group with a monopoly on force, i.e. the government, to stop them.
Not looking for a guarantee, selling your info will defeat the entire purpose of their business, that's good enough for me. And by law, if they do so, they have to disclose it.
Readit News
The banks were just feeling left out.
If you think privacy is a human right, then help preserve it by using cash everywhere possible.
Buy a $1000 tablet, lol here's 50 $20.
You'll also notice the clerk's attitude change. The money I'm spending becomes real to them. It's no longer just a number on a screen. They recognize how long it takes to earn that $20.
https://vid.puffyan.us/watch?v=VCiXu6S6vEw
UK is a corporatocracy and is even less interested in enforcing data protection regulations than the EU (which is itself terrible at it).
That process tends to take decades so until things change, yeah, buy locks.