Wero seems promising. But I am confused as it appears they have acess to my bank account’s balance and transaction history. The privacy policy (Archive.org) states on page 4

Purpose: Displaying your account information (performance of a contract – art. 6.1.b of GDPR)

Categories of data processed: Balance and transaction history of your payment account

Retention period: Duration of the contract (the Wero General Terms & Conditions)

The term “payment account” is not properly defined in the document, but I would infer from the first line on page 4 that it is the connected bank account.

This would be significantly more invasive than PayPal. Would be a dealbreaker for me, as I don’t even see a plausible reason for doing this.

Their FAQ states the contrary:

Wero does not have access to your transactions or any other account activity beyond the information we need to complete a Wero payment.

Again, “information we need” is quite vague…

Update: Wero confirmed

See my comment below, Wero’s Data Processing Offices confirmed via email that they do access your bank’s transaction history, depending on which implementation mode your bank chose.

Quite invasive, IMHO

  • PhilLab@feddit.orgOPEnglish
    1·
    4 days ago

    Wero’s Data Processing Officer confirmed via email that they DO access the bank account:

    We can confirm that the term “payment account” in our Privacy Policy refers to the bank account that you connect to Wero. This is the official legal term used in the applicable EU regulations.

    When using the Wero standalone app, Wero may access both:

    • the balance of the enrolled account; and

    -the transaction history of that account for the past 90 days.

    And they stated:

    The lack of clarity in the FAQ materials likely stems from the fact that Wero is offered under two different models, depending on the bank:

    Standalone app, operated by EPI Company SE (Wero is its trade name), acting as an authorised AISP and Payment Initiation Service Provider. In this case, Wero accesses the account balance and transaction history to display them in the app.

    Integration into the bank’s mobile app, where Wero is provided only as a technical module. In this case, Wero does not access the account information described above, as this remains fully within the control of the bank.