ENTRIES TAGGED "credit cards"

Personal data ownership drives market transparency and empowers consumers

The White House added a community for the "smart disclosure" of consumer data to Data.gov.

On Monday morning, the Obama administration launched a new community focused on consumer data at Data.gov. While there was no new data to be found among the 507 datasets listed there, it was the first time that smart disclosure has an official home in federal government.
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Innovation from the Edges: PayPal Taps the Developer Community to Build Next-Gen Payment Apps

Innovation from the Edges: PayPal Taps the Developer Community to Build Next-Gen Payment Apps

Developer Challenge offers big prizes for best apps using new APIs

Two enduring tenets of Web 2.0 are “A platform beats an application every time” and “All the smart people don’t work for you.” Online payment giant PayPal took those bits of wisdom to heart and recently announced the PayPal X APIs, a new group of developer APIs designed to enable new applications that can more tightly integrate with PayPal services. To encourage developers to create some awesome applications with the APIs, PayPal is offering prizes $100,000 and $50,000 (in cash plus waived transaction fees) for the best new applications. We caught up with PayPal’s director for their Developer Network, Naveed Anwar, and he filled us in on what the new PayPal APIs bring to the table for application designers.

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Credit card company data mining makes us all instances of a type

The New York Times has recently published one of their in-depth,
riveting descriptions of how

credit card companies use everything they can learn about us
.
Any detail can be meaningful: what time of day you buy things, or the
quality of the objects you choose. So who gave them permission to use our purchase information against us? What law could possibly address this kind of power play? There’s another disturbing aspect to the data mining: it treats us all as examples of a pattern rather than as individuals.

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