Facebook Asking For Users Banks Account Details

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Facebook Asking For Users Banks Account Details

A new report says Facebook is currently asking banking institutions for users banks account details. The reasons for the new move is that the company plans to use these details for its new service. Facebook plans to launch a new feature where it will offer bank services to customers via messenger.

This is coming after the Mark Zukerberg lead institution was heavy criticized for sharing user data with many app developers. It could be recalled that Facebook was rocked by a scandal after Cambridge international leaked private details for the platform users for cash.

Read: Facebook Dating Service Reportedly In Test Mode

Facebook is asking these banking institutions for user’s bank card transactions, checking account balances, and where purchases were made. In its response, Facebook admits to the report, but said it was not asking for transaction data.

In the statement, the company said;

Like many online companies with commerce businesses, we partner with banks and credit card companies to offer services like customer chat or account management.

The goal was to create new ways for Messenger to be woven into, and facilitate, interactions between banks and customers.

The smartphone texting service boasts 1.3 billion users. 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 source who revealed the information said Facebook had already discussed with top American banks for its new plans. The banks include Chase, JPMorgan, Citibank, and Wells Fargo.

Also See: Facebook Releases Secret Rules Used To Police Your Content

Question is will you be willing to share your bank details with Facebook after the Cambridge international. Will you agree to banks sharing your bank account details with Facebook, whats your views on this new move from Facebook. Please use the comment box below for your opinion.

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