Debit Card Apps For Kids Are Collecting a Shocking Amount of Personal Data
An anonymous reader quotes a report from Motherboard: The fintech company Greenlight says that its app and debit card for kids is a financial literacy tool that gives parents "superpowers" to set strict controls on their children's spending. Parents can use the app to pay allowances, choose which stores the connected debit cards work at, set spending limits, and receive instant notifications whenever their child makes a purchase. But there's one thing Greenlight makes it very hard for parents to control: What the company does with the mountains of sensitive data it collects about children. Greenlight reserves the right to share that personal information -- including names, birth dates, email addresses, GPS location history, purchase history, and behavioral profiles -- with "ad and marketing vendors," "insurance companies," "collection agencies," and the catch-all category of "other service providers," according to its privacy policy. Greenlight's policy also says that it can use the data it collects to deliver "tailored content" advertisements, a kind of marketing that youth privacy and education advocates say is particularly manipulative and damaging for children. The Atlanta-based company told Motherboard that, despite what parents must agree to when they sign up for the app, Greenlight doesn't "monetize or sell customer data in any way." In an email, a company spokesperson said Greenlight inserted those permissions into its privacy policy "in case we ever decide to offer merchant-funded offers to parents in the future based on aggregated and anonymous information." The permissions listed in the policy do not just apply to aggregated and anonymous information, however. They appear under sections titled "Personal Information We Collect and How," "How we Use Personal Information," and "How We Share Personal Information." They also do not only apply to parents, because by signing up for the service, parents must sign away the data rights of their children as well.
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