{"id":2029503,"date":"2023-09-12T16:01:01","date_gmt":"2023-09-12T20:01:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/verizon-t-mobile-discounts-are-being-used-to-get-access-to-your-bank-account\/"},"modified":"2023-09-12T16:04:23","modified_gmt":"2023-09-12T20:04:23","slug":"verizon-t-mobile-discounts-are-being-used-to-get-access-to-your-bank-account","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/verizon-t-mobile-discounts-are-being-used-to-get-access-to-your-bank-account\/","title":{"rendered":"Verizon, T-Mobile Discounts May Compromise Your Bank Account"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fverizon-t-mobile-discounts-are-being-used-to-get-access-to-your-bank-account%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2029503&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Mobile Phone \u2062Service Providers Offering Discounts in Exchange for Access to Bank Accounts<\/h2>\n<p>In recent days, various mobile \u2063phone service providers have been enticing their customers with discounts. However, as the old adage goes, there\u2019s no such thing as\u2063 a\u200c free lunch.<\/p>\n<p>These companies, including Verizon, \u2064T-Mobile, and AT&#038;T, \u200bare offering deals that require customers \u2064to link \u2062their bank accounts instead of their <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gab-ceo-i-had-very-close-relationships-with-facebook-and-twitteri-got-to-see-the-evils-of-their-business-model-for-many-yearswhat-were-s\/\" title=\"GAB CEO: \u201cI had very close relationships with Facebook and Twitter\u2026\u201dI got to see the evils of their business model for many years\u201d\u2026\u201dWhat we\u2019re seeing in America right now is the rise of Communism\u201d [VIDEO]\">credit cards<\/a> to \u200dtheir accounts, according to\u2062 a\u200b recent report from\u2062 <a href=\"https:\/\/www.wsj.com\/tech\/personal-tech\/why-verizon-at-t-and-t-mobile-want-to-access-your-bank-account-e62449f3?mod=tech_feat2_personal-tech_pos2\" target=\"_blank\" rel=\"noopener\">The Wall Street Journal<\/a>.<\/p>\n<p>Verizon has been offering $40 discounts \u2064on four-line plans, T-Mobile has threatened to remove discounts if users don&#8217;t switch to\u2062 direct <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/president-trump-please-pardon-jon-woods-a-victim-of-process-crimes-like-michael-flynn\/\" title=\"President Trump, Please Pardon Jon Woods, a Victim of Process Crimes Like Michael Flynn\">bank account<\/a> payments, and AT&#038;T has announced that customers who don&#8217;t switch will lose \u2062their discounts \u200bas well.<\/p>\n<p>These notifications have even been received by employees of The Journal itself.<\/p>\n<h3>Why Do Companies\u200d Want Access\u2062 to Your\u200b Bank Account?<\/h3>\n<p>The main \u2064reason is to bypass credit card companies like Visa and Mastercard and avoid their rising transaction fees, as reported by\u2064 The Journal. By receiving payments directly from bank accounts,\u2062 service\u200b providers can cut out\u200b the middlemen.<\/p>\n<p>Customers who pay \u200cpromptly and\u200b are less likely to switch providers are preferred \u2064by these companies.<\/p>\n<p>While most\u200c Americans, around 85 percent, \u200dmay feel comfortable with this \u200dchange, there are reasons\u2063 to be cautious.<\/p>\n<p>T-Mobile, for example, has experienced multiple data breaches in the past. In January, hackers stole the data of 37 million customers, although sensitive information like <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/verizon-t-mobile-discounts-are-being-used-to-get-access-to-your-bank-account\/\" title=\"Verizon, T-Mobile Discounts May Compromise Your Bank Account\">credit card numbers remained secure<\/a>, according to <a href=\"https:\/\/www.wsj.com\/articles\/t-mobile-says-hackers-stole-data-on-about-37-million-customers-11674166048?mod=article_inline\" target=\"_blank\" rel=\"noopener\">The Journal<\/a>.<\/p>\n<p>Considering this,\u200c it&#8217;s important to question whether it&#8217;s wise to provide banking information to companies with\u200d a history of \u2064data breaches. Who&#8217;s to say that hackers won&#8217;t gain access to your bank account in the event of another breach?<\/p>\n<p>For the 15 percent of\u200b Americans who don&#8217;t feel comfortable\u2064 with <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/food-stamps-rhode-island-residents-will-receive-up-to-1691-of-snap-payments-in-two-days\/\" title=\"Rhode Island residents to get ,691 in SNAP payments within 48 hours.\">direct\u2064 payments<\/a>, paying a few fees here and\u200c there may be a small price to pay for peace of mind.<\/p>\n<p>Source: <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\/verizon-t-mobile-discounts-used-get-access-bank-account\/\">Verizon, T-Mobile Discounts Are Being Used \u2062to Get Access to Your Bank Account<\/a><\/p>\n<p>Originally published on <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\">The Western Journal<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In recent days, mobile service providers offer discounts, but there&#8217;s no free lunch. They seek access to your bank account in return for reduced prices. A recent report from The reveals this specific requirement.<\/p>\n","protected":false},"author":2093,"featured_media":2029504,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[548],"tags":[],"class_list":["post-2029503","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-conservative-news-daily"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2029503","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2093"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2029503"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2029503\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2029504"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2029503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2029503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2029503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}