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This is the second post in this thread where people for some reason expect banks to be better than others at tech. I've worked at a bank, in software. They ar
by NaturalPhallacy 6y ago
This is the second post in this thread where people for some reason expect banks to be better than others at tech.
I've worked at a bank, in software.
They are significantly worse at tech than other industries. They're propped up by usury, overdraft fees, slow, antiquated systems. Why does it take 3 business days to get a refund? The information moves in milliseconds today, yet it still takes 3 business days to get your money back.
- deleted 6y ago[deleted]
- brutal_chaos_ 6y ago> people ... expect banks to be better than others at tech. Banks hold people's life savings among other things and thus, I would think, should absolutely be putting the best security to practice. Both physical (like safes and so forth) and technical.
- bashinator 6y agoIt’s another case of having to wait for the right people to die, probably.
- perfectstorm 6y agoI disagree. the 3 day delay is not because they want to put best security practice. If that's the case how does apps like Zelle transfers money instantaneously? I know in India, bank transfers are instantaneous and the receiver gets notified instantaneously. Some merchants even put their account number so people can transfer money to purchase goods.
- NaturalPhallacy 6y agoShould. But aren't.