Visa Wants to Buy Plaid, and With It, Transaction Data for Millions of People
▻https://www.eff.org/deeplinks/2020/11/visa-wants-buy-plaid-and-it-transaction-data-millions-people
Visa, the credit card network, is trying to buy financial technology company Plaid for $5.3 billion. The merger is bad for a number of reasons. First and foremost, it would allow a giant company with a controlling market share and a history of anticompetitive practices to snap up its fast-growing competition in the market for payment apps. But Plaid is more than a potential disruptor, it’s also sitting on a massive amount of financial data acquired through questionable means. By buying (...)
#MasterCard #Visa #DoJ #domination #BigData #DataBrokers #finance #banque #EFF #Plaid
