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This is a brilliant answer! Responses like this are exactly why I come to Hacker News comments when I really want to understand an issue. Follow up questions:
by audleman 10y ago
This is a brilliant answer! Responses like this are exactly why I come to Hacker News comments when I really want to understand an issue.
Follow up questions:
1. Why is Wells Fargo doing this if it poses such a threat to their penalty-based-fees revenue stream?
2. Are there services currently doing the type of account alerting using screen scraping tech? If not, why not?
- sjtgraham 10y ago1. What Wells Fargo is providing is a limited feed, to a single customer (Xero), that services SME customers and not consumers. Wells Fargo has chosen not to make the API open access at this point too. I do not see that this currently conflicts with their business model. 2. Not that I am aware of. I expect that is because the largest provider of screen-scraping feeds is prohibitively expensive (requires large up front fees and minimum commitments).
- andrewfromx 10y ago+1 it really was a great answer. I'm not even going to read the article now cuz I feel like I got a better understanding from that comment.