Want to read Slashdot from your mobile device? Point it at m.slashdot.org and keep reading!


Forgot your password?
Note: You can take 10% off all Slashdot Deals with coupon code "slashdot10off." ×
Privacy Social Networks Australia The Almighty Buck Technology

Aussie Bank Wants To Trade Social Network Data For Better Deals 68

natecochrane writes "An Australian bank has raised the possibility of offering better deals to customers who share its social network activities with it. But at the same security conference at which Commonwealth Bank's CIO made the suggestion, another speaker, security guru Bruce Schneier, warned of the dangers of vendor lock-in. Would you trust your bank — or any institution — to be the gatekeeper for your private data and thoughts in return for a cheaper mortgage or percentage points off your credit card?"
This discussion has been archived. No new comments can be posted.

Aussie Bank Wants To Trade Social Network Data For Better Deals

Comments Filter:
  • Re:Of course! (Score:4, Insightful)

    by w_dragon (1802458) on Tuesday November 15, 2011 @10:44AM (#38059480)
    If you're getting more than a 3% discount it's probably because they aren't planning on paying taxes on your purchase, not because they can skip the CC fee. Visa and MasterCard are in the 2.5-3% range mostly, Amex is a fair bit higher. Plus deposit fees plus the time you have to pay employees to balance the cash in tills aren't free.

Related Links Top of the: day, week, month.

"Floggings will continue until morale improves." -- anonymous flyer being distributed at Exxon USA