About

AccountKit is a product of Facebook lets users quickly register/login to apps by using just their phone number or email address. No password is needed. Link to weblink

Ownership

AccountKit is owned by Facebook (NASDAQ: FB).

Note: there is an unaffiliated Australian Accounting firm of the same name.

What it does

• User Verification
• Phone number collection
• Permits direct app logins without SMS code

Data Policy

Policy as of 8/9/2018:

• Identical to Facebook's Policy. This provides controls for users to opt out but no actual commitment to reduce the collection and use of personal data.

• Data will be used to "reasearch and innovate for social good", "promote satety, integrity and security", personalize advertising, communicate with users, and measure analytics for business services.

• Third-party apps and websites integrated with Facebook and its products receive information on what users post and share. This "information collected by these third-party services is subject to their own terms and policies, not this one."

• Facebook's policy states that it doesn't "sell any of your information to anyone and we never will." It imposes "strict restrictions" on how partners use and disclose the data it provides.

• Information may be accessed, preserved, and shared with regulators, law enforcement, and others in response to legal requests (including those in outside jurisdictions if there is a "good faith belief" they're required to respond), prevention of fraud, unauthorized use of products or services, breaches of Terms or Policies, to prevent harm to Facebook or its property, and harmful or illegal activity.