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Google Bought Mastercard Data To Link Online Ads To Store Purchases, Says Report (bloomberg.com)
According to Bloomberg, citing people with knowledge of the deal, Google purchased "a stockpile of Mastercard transactions" that allowed Google advertisers to see whether the ads they ran online led to a sale at a physical store in the U.S. This arrangement was never shared with the public. From the report: Alphabet's Google and Mastercard brokered a business partnership during about four years of negotiations. The alliance gave Google an unprecedented asset for measuring retail spending, part of the search giant's strategy to fortify its primary business against onslaughts from Amazon and others. But the deal, which has not been previously reported, could raise broader privacy concerns about how much consumer data technology companies like Google quietly absorb.
Google paid Mastercard millions of dollars for the data [...] and the companies discussed sharing a portion of the ad revenue. A spokeswoman for Google said there is no revenue sharing agreement with its partners. A Google spokeswoman declined to comment on the partnership with Mastercard, but addressed the ads tool. "Before we launched this beta product last year, we built a new, double-blind encryption technology that prevents both Google and our partners from viewing our respective users' personally identifiable information," the company said in a statement. "We do not have access to any personal information from our partners' credit and debit cards, nor do we share any personal information with our partners." The company said people can opt out of ad tracking using Google's "Web and App Activity" online console. Inside Google, multiple people raised objections that the service did not have a more obvious way for cardholders to opt out of the tracking.
Google paid Mastercard millions of dollars for the data [...] and the companies discussed sharing a portion of the ad revenue. A spokeswoman for Google said there is no revenue sharing agreement with its partners. A Google spokeswoman declined to comment on the partnership with Mastercard, but addressed the ads tool. "Before we launched this beta product last year, we built a new, double-blind encryption technology that prevents both Google and our partners from viewing our respective users' personally identifiable information," the company said in a statement. "We do not have access to any personal information from our partners' credit and debit cards, nor do we share any personal information with our partners." The company said people can opt out of ad tracking using Google's "Web and App Activity" online console. Inside Google, multiple people raised objections that the service did not have a more obvious way for cardholders to opt out of the tracking.
Is the story here that *MASTERCARD* sells all your financial transaction data around the world to lots of companies (think Cambridge Analytics etc.), or that Google buys them?
It seems to be a Mastercard story dressed up as a Google one.
Financial transactions should be covered by the same level of privacy as banking transactions, which would make this illegal to sell that data in EU, and it use to be USA had similar laws.
But given that they're selling the data, can we buy Trump/Trump family/Trump company/ card data? If he has nothing to hide, and I'm sure that's true because he keeps saying it on twitter, then he has nothing to fear.
Actually we do have an idea. That is why we hate you and google and Facebook and every other shitty people tracking data wh0ring tech company.
Anyone who works in any capacity for any of those and other well known evil companies that comes on here to whine about Trump or anyone elseâ(TM)s evil is a hypocrite and needs to choke to death on a heaping pile of dog shit. Trump has at most 8 years in office. Google Facebook etc will keep your personal information forever.
Wrong. Poison their data.
As a statistician, I can tell you that there is something way, way worse you can do than not provide me with data. Provide me with false data that I cannot tell from genuine data. Because that devalues my whole data set. If enough poison is added, all of my data is worthless.
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
Block all ads, all the time, no exceptions. If you have an ad-supported business that runs ethically, too fucking bad. The 99% of other ads ruined it for you.
What, no apologists whining (in the Jim Sterling triple-hey voice) "but that stealing"?
I'm a good cook. I'm a fantastic eater. - Steven Brust