The Federal Trade Commission issued orders to eight companies offering surveillance pricing products and services that incorporate data about consumers’ characteristics and behavior.

After reading such news I have an obvious question. Does anyone know a PayPal-like service, that allows to hide the destination of my transactions from Mastercard / bank, but with a good privacy policy? Or how else can I restrict the usage of my financial data by mastercard or bank?

  • sar1n@infosec.pub
    1·
    3 months ago

    The eight companies in question are: Mastercard, Revionics, Bloomreach, JPMorgan Chase, Task Software, PROS, Accenture, and McKinsey & Co.

  • pound_heap@lemm.ee
    1·
    3 months ago

    There is Privacy.com that gives you virtual cards to use for purchases. Money go from your bank account to them. Destination is visible on payment description still, but it may fool bank’s algorithm. Or you can get paid plan from Privacy.com and mask destination completely.

    • Sem@lemmy.mlOPEnglish
      1·
      3 months ago

      That is what I need! Unfortunately, it is for US only… Is there, maybe, something similar in European region?

      • pound_heap@lemm.ee
        1·
        3 months ago

        Oh, sorry, I’ve assumed that you are in US since you posted an article about FTC.

        I don’t know if there is a similar service in Europe. I think you could get a virtual card linked to a crypto wallet, but this obviously comes with downsides

  • kylian0087@lemmy.dbzer0.com
    1·
    3 months ago

    Best way to hide transactions is with crypto. And namely Monero. Not exactly PayPal like but Monero is the most private.

    • Sem@lemmy.mlOPEnglish
      1·
      3 months ago

      Unfortunately there are a very small amount of places when I can pay with crypto… I do not want to face also questions from AML officers. I’m not a journalist in the dangerous country or political activist, so Monero looks like an overhead for me.

  • bl4kers@lemmy.mlEnglish
    1·
    3 months ago

    Honestly if you want real financial privacy, the best thing to use is {insert cryptocurrency that I’m heavily financially invested in}

    • Dave.@aussie.zone
      1·
      3 months ago

      You’re right, I try to use {insert cryptocurrency that I’m heavily financially invested in} for my every day transactions as much as possible, you should too, and you can get amazing returns as well! It’s win-win nobody loses ❤️

  • shortwavesurfer@lemmy.zip
    0·
    3 months ago

    Yeah, Monero is absolutely your best bet for financial privacy in the digital world. There’s nothing that compares.