Barclays To Begin Selling Account Transaction Data

What's Next In Payments®
6:25 AM EST June 24th, 2013

Barclays has told its consumers that it will begin selling “information about the transactions on your account” to third parties come this autumn, according to The Telegraph.

Barclays maintains that customer data will be “high level” and will never allow a consumer to become identifiable. The payments giant has sent revised terms and conditions to its savers and current account holders throughout the U.K.

In addition to its data selling program, Barclays will also begin tracking mobile devices to help protect consumers from fraud. Consumers have the option of opting out of the mobile program.

Read the full story here.

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