Dear readers, Did you know that merchants can collect your personal data from your credit card just by swiping it twice? Check out this article Credit card swiped a second time? Its against privacy law (The Straits Times, 8 Sep 2014). (SINGAPORE) It is done so quickly that you might not even notice it. But that extra swipe of your credit card by some merchants compromises your personal data and breaches data protection laws. Known in the industry as double swiping, the second quick swipe of consumers credit cards is typically done after credit-card transactions have been approved. Merchants do this to record the mode of payment for accounting purposes and to collect cardholders personal data for marketing purposes such as loyalty programmes. Even though banks have been telling retailers to stop doing this in the past two years as the practice exposes consumers personal data to security risks, many retailers have not stopped. But today, new data protection legislation allows consumers to file a report against rogue merchants. If the merchant wants to collect personal data beyond what is needed for the payment, the merchant should get the consent of the customer, a spokesman for the Personal Data Protection Commission told The Straits Times. Read more here: straitstimes/news/singapore/more-singapore-stories/story/credit-card-swiped-second-time-its-against-privacy-law-2
Posted on: Mon, 08 Sep 2014 10:04:16 +0000
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