Paranoia at its best... You think an app dev would open itself up to a class action law suit? Have you ever heard of anyone being taken advantage of by an app?
Ha! Boy were you ever wrong - as is proven by the recent Facebook/Cambridge Analytica scandal. That revolved around fb apps that asked for all kinds of permissions. People just gave them over and then suddenly a professor in England and then this marketing company had crazy detailed information about 50 million people in the U.S.!
Look, there is absolutely NO REASON why Samsung Pay needs any access to any of this stuff. They surely don't need access to your camera! You don't take pictures with Samsung Pay - you swipe it near a card reader and use it to pay for things.
And it most definitely does NOT need acces to your CONTACTS! What the hell? I'm paying with my credit card - why in the world would they need access to my contacts!?
Well, I'll tell you why... it's because it's DATA. And DATA is incredibly valuable today. Companies will pay Samsung MILLIONS of dollars for this kind of data. Big companies... and the more detailed the data, the more they'll pay for it.
And think about this... not only will they get access to all this data, but they also know where you shop, and how much you spend. That's EXTREMELY VALUABLE to them... all at the expense of your PRIVACY of course.
If we have Jimmy's email address, they'll pay for that and that's pretty valuable. If they can also somehow attach an email address to an actual physical home address - then it becomes extremely valuable. Imagine you're a marketer - this gives you the ability to EMAIL all people who live in a certain area! That's not easy information to come by. Usually they have email addresses but no idea where they are in the real world. This gives them all that data - and more!
Now imagine, you have someone's email address, you have their name, you know where they live in the real world, you know what kind of health they're in - and you know who all their friends are! You know the saying, 'birds of a feather flock together'. Well, that's exactly why they want your contact information.
If you live in a poor area and most of your friends do too, they can assume you're poor and therefore that you think like a poor person and therefore marketers who sell things to poor people will pay them a FORTUNE to get their hands on YOUR personal information!
This is a goldmine of information for marketers - and that is THE reason why Samsung requires these permissions. Because without them - they don't make MILLIONS of extra dollars - A MONTH! But with them - they do.
This information is so valuable because the more data points you have on a person - the more you can 'triangulage' and figure out more and more things about her.
I was just going to install Samsung Pay on my new Gear S3 watch. But when they started asking for these permissions, I suddenly remembered the Facebook case - and I just said NO WAY!
It's okay. I'll survive. When I need to pay - sure it would have been convenient to just flick my wrist up next to the machine. But it is surely not gonna kill me to reach into my back pocket and take my credit card out and run it through the machine. For the sake of my privacy - I'm not gonna mind doing that at all.