NSA Allegedly Spies On International Credit Card Transactions

Well, now we have eCommerce also fully covered by the NSA. Good that credit cards are not really popular among German online shoppers.

TechCrunch

Germany’s Der Spiegel newspaper – increasingly joining the NSA revelations train – reports today that the intelligence agency is interested in international credit card transactions and may have found a way to monitor payments processed by companies including Visa. Spiegel alleges it has even set up its own financial database to track money flows.

The paper says that in 2011, the NSA possessed 180 million records via its “Follow the Money” branch dubbed ‘Tracfin’, according to information acquired by former NSA contractor and whistleblower Edward Snowden. The vast majority of information is from credit card transactions.

It also alleges that the NSA targets the transactions of customers of large credit card companies like Visa for surveillance in Europe, the Middle East and Africa. However, Visa denies this is happening.

Tracfin’s data bank – says Spiegel – also contains data from the SWIFT network, used by banks to send transaction information…

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About Alexander
Founder & Entrepreneur in eCommerce. Now @CouchCommerce & @ecomPunk

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