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Again I think that just slapping a new service in there doesn't address the fundamental problem which is that the university did not conduct sufficient verifica
by na85 8y ago
Again I think that just slapping a new service in there doesn't address the fundamental problem which is that the university did not conduct sufficient verification of payment details before sending out 12 million dollars.
All it would have taken is a phone call to the company's accounting department confirming the change.
"Verification of changes to banking details as a service" is not the answer. It's a Band-Aid solution.
- scott_s 8y agoAnd my perspective is that as long as you have a process where administrative staff are making the changes, they will cut corners. For them, these transfers are routine. They do dozens every month. You need a process which removes them from the loop.