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Yes, but my statement was more of a technical one regarding how such a system might work. I am speaking about the method used to determine how much is in an ac
by rando444 10y ago
Yes, but my statement was more of a technical one regarding how such a system might work.
I am speaking about the method used to determine how much is in an account and what can be withdrawn, because they can't check your balance without a pin number, and if their system is issuing multiple repeated authorizations, what protections banks have in place that might block these sorts of transactions to prevent theft.
- alistairSH 10y agoI believe the system is operating on pre-paid cards. I don't know the technical differences in transactions on those vs normal credit cards, but I assume there are some.
- snuxoll 10y agoFun fact, when running credit or debit cards you can actually get the available balance on them. I've made the mistake of going to the gas station when my checking account only had a couple of dollars in it, ran the card at the pump and it let me put in exactly enough gas to 0 out my account and no more.