this post was submitted on 07 Oct 2023
16 points (100.0% liked)

Finance

2278 readers
4 users here now

Economic and financial news from around the world, including cryptocurrency and blockchain.


This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago
MODERATORS
 

cross-posted from: https://links.hackliberty.org/post/125466

My credit card issuer apparently never gets to know what I purchased at stores, cafes, & restaurants -- and rightfully so. The statement just shows the shop name, location, and amount.

Exceptionally, if I purchase airfare the bank statement reveals disclosures:

  • airline who sold the ticket
  • carrier
  • passenger name
  • ticket number
  • city pairs

So that’s a disturbing over-share. In some cases the airline is a European flag carrier, so IIUC the GDPR applies, correct? Doesn’t this violate the data minimization principle?

Airlines no longer accept cash, which is also quite disturbing (and illegal in jurisdictions where legal tender must be accepted when presented for PoS transactions).

Has anyone switched to using a travel agent just to be able to pay cash for airfare?

UPDATE

A relatively convincing theory has been suggested in this other cross-posted community:

https://links.hackliberty.org/comment/414338

Apparently it’s because credit cards offer travel insurance & airlines have incentive to have another insurer involved. Would be useful if this were documented somewhere in a less refutable form.

GDPR question still outstanding.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 4 points 1 year ago (1 children)

This is only a guess (and Still overreaching) but maybe so your card / account isn’t frozen due to unusual location?

[–] [email protected] 3 points 1 year ago* (last edited 1 year ago)

That’s been suggested in the parent thread and another crosspost. It’s the most popular answer but I don’t buy it.

Why would the airline risk the liability of excessive oversharing of personal data for no benefit in return? Is the bank giving them a reduced transaction fee for sharing that data?