> That's a lot of effort that only protects against a fairly specific type of error. You'd still be vulnerable to phishing or to accidentally modifying the acco

> That's a lot of effort that only protects against a fairly specific type of error. You'd still be vulnerable to phishing or to accidentally modifying the account number the 2nd time. If everybody paid their bills that way and every solicitor and employer paid their clients/employees that way, it'd be a giant mess! What? I'm not getting paid on time because they have to double check my account? The verification would only happen prior to the first transfer of value, with subsequent transfers using the verified information.