There has been a decent amount of chatter recently about the security of financial applications on the Internet. Lots of people are scared to tell a company that they don’t know what all their financial information is. We totally get that. I’m not comfortable with it either.
But I still track my online and offline spending at Shoeboxed, and it’s because I don’t have to tell anyone my personal financial data, AND I can still get all of it organized. How?
The Federal Trade Commission requires that businesses cannot print or electronically send receipts with more than the last 5 digits of a credit card number or any information regarding the expiration date. Limiting this information makes the receipt untraceable back to the credit card number and associated sensitive data. Credit card numbers and expiration dates are common targets for identity thieves and scammers, so it makes sense for businesses to exclude that information on their receipts to protect their customers.
This is important to remember when signing up for and using Shoeboxed. Many people are worried about storing financial information like credit card and bank account numbers online, but with Shoeboxed, the receipts you organize have none of that information. Nothing that you upload or send to your account would be personally identifiable, and this makes your data much more secure.
This makes Shoeboxed unique from most every other financial application on the Internet. You can get control of your finances and organize receipts with just as much ease on Shoeboxed as any other site, but with Shoeboxed, we never ask for all that sensitive data.