One thing I’m concerned about is recording equipment leaving identifiable information without us knowing about it.
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If you always use card payments whenever it’s possible, it obviously isn’t necessary to analyze your cash transactions to learn where you are because you are already disclosing it :)
There are close to 2 billion unbanked people in the world. In the US, it’s less than 6% nationally, but over 10% in some states.
Many people who are not unbanked also often avoid electronic payments for privacy/security and other reasons.
The cash serial number tracking being described in this thread is useful for locating the neighborhoods frequented by someone who (a) avoids using electronic payments, and (b) maybe obtains cash from an ATM (or perhaps check-cashing service, in the case of an unbanked person) in places other than the neighborhoods they live in or frequent.
……
If they don’t use a bank, how are they pulling money out for it to be tracked?
See, none of it makes any sense lmfao.
Which is useful to who…? The only time that information is useful, would be for an investigator, so… again… someone, boots on the ground, and doing visual verification. And an investigator and plenty of other useful metrics with less noise.
It
Makes
Zero
Sense
In
Reality!
The person originally started talking about spending habits, and shifted to finding criminals. Those are two whole-fully different situations that need different information points, and are also gathered in significantly different methods.
One example I mentioned in my comment you’re replying to is check cashing services. Millions of people in the US receive money via things like check or money order and need to change it to cash despite not having a bank account to deposit it in; this usually involves identifying themselves.
See also payday loans, etc.
I assume you didn’t click (and translate) the link in the comment prior to mine which you replied to?
If you do, from there you can find some industry news about Serial Number Reading (SNR) technology.
I don’t know how widely deployed that technology is, but there is clear evidence that it does exist and is used for various purposes.
…
Those are done at a teller, not an ATM. An ATM requires a bank card, cashing a cheque at a teller does not. The post and everything that’s being discussed is about ATM tracking…
It doesn’t make sense when you actually understand how the system works… but of course people that don’t quite understand the system can be fooled by how it’s possible. But it isn’t, and not for the reasons you’ve suggested, as I’ve countered. It just doesn’t make sense because of all the NOISE.