3 ms·
It's a great idea. I'm assuming there wouldn't be any latency issues (e.g. waiting for confirmation), but who knows how these withdrawals are reconciled. I thin
by famfam 16y ago
It's a great idea. I'm assuming there wouldn't be any latency issues (e.g. waiting for confirmation), but who knows how these withdrawals are reconciled. I think even JUST an SMS alerting you to the transaction would be useful as a v1 (with a fraud # to call). I wonder what the "sales" cycles would be like with the bank (and that's the problem here... for a company to offer this service would provide very little value... the banks could easily build it themselves... and who knows what kind of laws you would need to comply with)
- paul7986 16y agoAll seem to offer text message alerts after the fact the money has been withdrawn. Which is asinine, as that money is lost, tons of resources have to go into researching and getting money back, when this could have been easily avoided using SMS approval.
- coryl 16y agoYou have to also take into account people's time lost and inconvenienced in scenarios where SMS fails. For example, if the user doesn't have their phone on them but needs the money, then what? Or when the SMS message doesn't get through for whatever reason. Or where there is a no signal.