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While I appreciate your brave defense of the status quo and how it harms poor people, I'd suggest you think outside of the box. There is no reason a check can't
by standardUser 5y ago
While I appreciate your brave defense of the status quo and how it harms poor people, I'd suggest you think outside of the box. There is no reason a check can't be verified almost instantly thanks to advances in technology, thereby reducing the risk to the check casher to zero. Perhaps regulations can allow exemptions for checks that cannot be verified. Or, better yet, the USPS can be used as this article discusses.
But the idea that the current system is the best we can hope for is ludicrous.
- kube-system 5y ago> There is no reason a check can't be verified almost instantly thanks to advances in technology, thereby reducing the risk to the check casher to zero. How? How do you determine that the document hasn’t been altered or forged? How do you determine that the person is who they say they are?
- awillen 5y agoHe doesn't actually understand what he's talking about - he just thinks he can hand-wave away structural problems of the financial system by shaking his fist at companies that he perceives to be the problem because he doesn't understand them.
- massysett 5y ago> There is no reason a check can't be verified almost instantly thanks to advances in technology This is what an EBT card is, which is why so many government payments have shifted to them...