Banking

As per the report, Facebook wants to come to a mutual arrangement with banks to share data to improve the quality of services offered to the users.

This is not the first time when a tech giant has approached banks and financial institutions to grab the large pool of data that exists with them. Earlier, attempts have been made by Google and Apple as well.

Soon the report made headlines on many tabloids; further tarnishing the image of Facebook in relation with users’ data. However, Facebook has completely denied any such “data sharing” aspect.

Avoid carrying too much cash when shopping or travelling.

“BSP’s Electronic Banking (eBanking) solutions are safer banking options that every BSP customer can use to do basic banking and pay for goods this festive season leading into the new year,” says the firm.

“BSP’s eBanking solutions are practical and ensure that you save time and enjoy convenient banking.”