At a time when Facebook's data management is under intense scrutiny, this news is unlikely to be greeted enthusiastically by customers of those banks called out in the story - JPMorgan Chase, Wells Fargo, Citigroup, and U.S. Bancorp. The worries around data sharing come as Facebook is under regulatory.
Facebook confirmed the effort in a statement to AFP, but said it was not asking for transaction data.
"Like many online companies, we routinely talk to financial institutions about how we can improve people's commerce experiences, like enabling better customer service", Diana added.
Facebook reportedly wants you to check your bank account on its instant message platform, Messenger. The idea is that messaging with a bank can be better than waiting on hold over the phone - and it's completely opt-in. "We also don't have special relationships, partnerships, or contracts with banks or credit card companies to use their customers' purchase data for ads".
Tampa police: Woman threw young daughter into river, killing her
As she drove away, she knocked over a bystander who tried to stop her. "I saw a woman in the river which is very odd". At around 4:30 p.m., Tampa police divers recovered the girl's body from the river about 75 feet from the shore.
"Facebook has talked about a feature that would show its users their checking-account balances, the people said".
In response to the Journal's reporting, critics of corporate power used the word "dystopian" to describe the push by Facebook, Google, and Amazon for ever-greater access to users' personal information in a bid to boost profits.
But word Facebook is fishing for financial information comes amid concerns it has not vigilantly guarded private information. Facebook is now facing multiple investigations related to its ties to Cambridge Analytica, the political analytics company that accessed data on up to 87 million Facebook users without their consent. (FB) is seeking to acquire financial data on its users. Shares in Facebook plummeted last week, wiping out some $100 billion, after the firm missed quarterly revenue forecasts and warned growth would be far weaker than previously estimated.
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