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On 23 Feb 2015, at 21:15, Eion MacDonald <eionmac@xxxxxxxxxxxxxx> wrote: > > > On 23/02/2015 20:46, Jay Bennie wrote: >> >> I just found this while looking at insurance, is anyone up on the details about >> what data is being made "portable"? >> >> http://www.gocompare.com/money/midata/ >> >> The general essence of this initiative is to "share" via a centralised government >> backed data broker, data to help companies actively match your banking behaviour >> with the best products. ... and will share information such as who provides your >> mobile phone and utilities. >> >> Its being presented as a solution to the non competitive markets. >> >> but seriously this is a !wtf #Featureof1984 as authorised by Teresa May >> >> and if anything it means the competitors will have enough info to know exactly >> how much to price at to get the most out of you. >> >> J >> > > More intrusive than you think. > a)banks and insurers can already access you credit information, e.g. > list of all routine payments and one off payments if seller asked for a > credit score before accepting you and any delayed or defaulted payment. That i don't mind, it prevents fraud, and the result is pass fail or a generic score to the retailer. Whats being proposed is sharing the actual detail, i.e how much you currently pay. IMO thats too far. > > b) This data puts your even small purchases into a public accessible > format. "portable" for all who sign up to using it. > Combined with credit card purchases and future EU (tail in car) only > small purchase anonymity is in cash or barter. > I don't think you can buy a new car for cash though! > All purchase or cash movements over GBP10,000 are compulsory reportable, > with some banks/insurers/sellers reporting from GBP5,000. > Anonymity isn;t the concern, its the granularity and detail of what is being exposed to 3rd parties, I really don't care if Big brother has my info, Its the fact they are commercialising selling it to 3rd parties that I object to. The irony that is being championed by a founder of the Open data Foundation (who also advises gov and hangs out with the founder of the internet) is not lost on me. > c) Main use will be to rack up price to anyone with defaults. > "Its being presented as a solution to the non competitive markets" > it is also a major use in competitive markets > It will be used to control price (not in the way intended), if this was done behind closed doors it would be a cartel. > -- > regards > Eion MacDonald > > -- > The Mailing List for the Devon & Cornwall LUG > http://mailman.dclug.org.uk/listinfo/list > FAQ: http://www.dcglug.org.uk/listfaq -- The Mailing List for the Devon & Cornwall LUG http://mailman.dclug.org.uk/listinfo/list FAQ: http://www.dcglug.org.uk/listfaq