Reports now claim the platform wants to gain access to its users" financial information to "boost engagement.' .
The social media titan has reportedly put forward a proposed feature that would allow users to see their own checking-account balances through the platform, as well as fraud alerts that could be delivered through Facebook as well.
According to the report, over the past year the social media giant has requested personal financial details such as credit card transactions and checking account balances from banks including JPMorgan Chase, Wells Fargo, Citigroup and U.S. Bancorp, in an effort to create offerings for bank customers on messenger. 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.
Though the identity of that bank is unknown, it's not a surprise that some of Facebook's potential partners would be a bit leery of the company's business practices.
Facebook has reportedly said that it wouldn't use the data to improve its ad-targeting or share it with others.
Facebook told the paper that any financial information it obtains would not be shared with third parties or used to target advertisements. Unless Facebook is able to reassure the banks that it either won't have direct access to the data itself, or that the data will never be used for advertising purposes, then the company may not succeed in convincing US banks to share their customers data.
A recent Wall Street Journal story implies incorrectly that we are actively asking financial services companies for financial transaction data - this is not true.
"The idea is that messaging with a bank can be better than waiting on hold over the phone - and it's completely opt-in", the statement said. We're not using this information beyond enabling these types of experiences - not for advertising or anything else.
There are reports Meghan Markle is planning a solo trip to the United States to meet with her estranged father, Thomas Markle . He is also thought to be known as "Spike" amongst the Duchess and her friends.
However, all other content types, including music, movies, books, and TV, will remain as a part of the programme. Apple has provided 7% affiliate rates through for apps through its iTunes Affiliate Program for a long time.
Marco Silva has been pursuing a centre-back for much of the summer, with veteran Ashley Williams likely to join Stoke. And according to Mirror , the Belgium defender is set to sign for United after a breakthrough between both clubs.
The most recent deal was signed in 2015 but it did not help to end the conflict. "I gave my reservations". It has been wracked by civil war, which has seen ethnic cleansing and numerous atrocities, since 2013.
Facebook also specified to its employees that testing the product is completely voluntary and has no impact on their employment. We have heard in the past rumors that Facebook could be looking to develop their own dating app/feature .
She will face Bredesen, who garnered more than 91 percent of the vote in the Democratic primary, in the November general election. Heading into July, Blackburn maintained an early 2-to-1 cash advantage over Bredesen, with $7.3 million in her bank account.
Similar to prior witnesses, Laporta testified that Gates and Manafort were in lockstep but that Manafort was in charge. Rick Gates told jurors that he siphoned off the money without Manafort's knowledge by filing false expense reports .
Coleman will be remembered as the player taken after the Browns elected to trade out of the No. 2 spot in the 2016 NFL Draft. He caught 23 passes for 305 yards and two touchdowns, missing seven games with a hand injury.
The twin-engine Cessna plane crashed in Santa Ana, and had been bound to John Wayne Airport in Orange County, said Capt. Shortly after declaring an emergency on Sunday afternoon the plane suddenly nosedived into the parking lot.
1 dead after explosion destroys part of Italian highway
Some of the dozens who were injured were struck by flying glass by blown-out windows, Italian news channel Sky TG24 reported. The police blockaded the motorway in Bologna's Borgo Panigale area - where the blast occurred.
Rookie becomes rare Englishwoman to win British Open
She insisted it was vital not to become overwhelmed by the occasion, having gone on to scoop more than £375,000 in prize money. It was very close up until the final two holes, so I was just trying to hole the putts.
India's Iranian oil intakes jump to record high in July
Saudi Arabia produced much less oil per day than expected, especially considering OPEC was supposed to be lifting barrel counts . China has however agreed it will not increase oil imports from Iran, in a move which would directly challenge the USA blockade.