@PereDroid.Visa, Mastercard, AE, all of the big CC companies monitor your habits to trade and sell them. That contract you signed to get your CC... welp, you just opt'd in.
Actually this is NOT true. Credit Card companies are not, by federal law, allowed to even know WHAT you bought. The merchant does not send Visa a list of everything on that receipt.
They know WHERE I spent my money... but not what I bought.
""The issuing bank has the date of transaction, name of the merchant and the amount of the transaction that allows them to process that transaction," says Nessa Feddis, senior counsel and vice president of the American Bankers Association."
Read more:
http://www.creditcards.com/credit-card-news/credit-card-purchase-privacy-1282.php#ixzz3D2Ps1rw5
Now if the Google Wallet worked this way, I would be fine with it. I don't think it does. If I am not mistaken, GOOG DOES get a list of everything on that receipt which they can then datamine.
What you opt in to for CC companies is to allow them (and in many cases other companies) to market to you based on things like your address and marital status. NOT your purchases.
CC companies work much like the way Apple Pay does. You use your watch\phone, Apple sees nothing, the transaction is strictly between your CC company and the merchant. Apple merely facilitates the transaction. As it should be.
Google does NOT.
Therein lies the (to me) big difference.
Good point Dusty.
@PereDroid, you're using a Google based device, Google already knows much more about you than you may realize.
You KNOW I know this, of course. And for Google Now to be so helpful to me I am MORE then willing to share a lot of information with Google.
But I have, and will continue to draw the line, at my every day purchases. Because if I did use this system I would use it for absolutely everything.
And damnit... you want that info from me??? Pay me.