Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Science
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Phone Reviews
  • Find Cricket Statistics
Hindi
More
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Science
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Phone Reviews
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / World News / Facebook asks JP Morgan, Citibank, Chase to share customer details
  • World

    Facebook asks JP Morgan, Citibank, Chase to share customer details

    Garima Bora
    Written by
    Garima Bora
    Mail
    Last updated on Aug 07, 2018, 12:52 pm
    Facebook asks JP Morgan, Citibank, Chase to share customer details
  • Facebook has asked major US banks to share customer data to allow it to develop new services on the social network's Messenger texting platform.

    The tech giant has had discussions with Chase, JPMorgan, Citibank, and Wells Fargo several months ago, said a source.

    The Silicon Valley-based social network has also contacted US Bancorp, according to The Wall Street Journal.

    Here's more.

  • In this article
    Facebook wants to facilitate Messenger with banks, transactions, business Facebook however denies the claims Facebook already facing tough times regarding protection of user data Facebook saw shares shrinking by $100 billion
  • Messenger

    Facebook wants to facilitate Messenger with banks, transactions, business

    Facebook wants to facilitate Messenger with banks, transactions, business
  • Facebook, which has come under intense criticism for sharing user data with many app developers, was interested in information including bank card transactions, checking account balances, and where purchases were made, the source said.

    The goal was to create new ways for Messenger to be woven into and facilitate, interactions between banks and customers, according to the reports. Facebook has 1.3 billion users.

  • Information

    Facebook however denies the claims

  • A Facebook spokesperson denied the social network had asked financial institutions for transaction data. JPMorgan Chase spokeswoman, Patricia Wexler, said, "We don't share our customers' off-platform transaction data with these platforms and have had to say 'No' to some things as a result."

  • Cambridge Analytica

    Facebook already facing tough times regarding protection of user data

    Facebook already facing tough times regarding protection of user data
  • Facebook acknowledged last month that it was facing multiple inquiries from the US and British regulators about a scandal involving the British consultancy Cambridge Analytica.

    In Facebook's worst ever public relations disaster, it admitted that up to 87 million users may have had their data hijacked by Cambridge Analytica, which was working for US President Donald Trump's 2016 election campaign.

  • Information

    Facebook saw shares shrinking by $100 billion

  • Facebook CEO Mark Zuckerberg said in May he was rolling out privacy controls demanded by European regulators to Facebook users worldwide because "everyone cares about privacy." Shares in Facebook plummeted last week, wiping out some $100 billion, after the firm missed quarterly revenue forecasts.

  • Facebook
  • Donald Trump
  • Facebook Messenger
  • Mark Zuckerberg
  • Cambridge Analytica
  •  
Latest News
  • J&J seeks permission to conduct COVID-19 vaccine trial in India
    J&J seeks permission to conduct COVID-19 vaccine trial in India
    India
  • SC refuses bail to businessman's son in car crash case
    SC refuses bail to businessman's son in car crash case
    India
  • Decoding Jose Mourinho's managerial stats at Tottenham
    Decoding Jose Mourinho's managerial stats at Tottenham
    Sports
  • Coronavirus: Huge vaccine wastage by states, especially in Tamil Nadu
    Coronavirus: Huge vaccine wastage by states, especially in Tamil Nadu
    India
  • Maserati Levante Hybrid, with a top-speed of 240km/h, breaks cover
    Maserati Levante Hybrid, with a top-speed of 240km/h, breaks cover
    Auto
Related Timelines
  • Facebook fined $650 million for collecting facial recognition data inappropriately
    Facebook fined $650 million for collecting facial recognition data inappropriately
    Science
Trending Topics
Coronavirus
Next News Article
Share
Cancel

Want to share it with your friends too?

Facebook Whatsapp Twitter Linkedin
Copied

Love World news?

Subscribe to stay updated.

World Thumbnail
India News Business News World News Politics News Sports News Science News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Bharti Airtel Mukesh Ambani Indian Premier League Samsung Virat Kohli Rohit Sharma
Cricket News Qualcomm YouTube Hollywood News WhatsApp Bollywood News ISRO Spotify SpaceX Yoga
Honda Batman Football News BMW Vaccine Reliance Jio OPPO Food News, Healthy Recipes Apple Royal Challengers Bangalore
Toyota Fashion Tips Manmohan Singh Sensex Mercedes Taylor Swift Sidharth Malhotra Isha Ambani India Vs England Cricket OnePlus Mobiles
Android TV Smart TV Marvel Comics Avengers
About Us Privacy Policy Terms & Conditions Contact Us News Reviews News Archive Topics Archive Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2021