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This is called the ACH network and there's no way to trace, undue, or recall transactions. It has been used in bank robberies [1] and numerous financial instit
by GartzenDeHaes 4y ago
This is called the ACH network and there's no way to trace, undue, or recall transactions. It has been used in bank robberies [1] and numerous financial institutions and payment processors who are not banks use it, not all of whom are trustworthy.
[1] https://www.kaspersky.com/about/press-releases/2015_the-great-bank-robbery-carbanak-cybergang-steals--1bn-from-100-financial-institutions-worldwide https://www.kaspersky.com/about/press-releases/2015_the-grea...
- colechristensen 4y agoACH is only for internal US transfers and is absolutely reversible. Your linked article is not about that. There is of course a time limit.
- deleted 4y ago[deleted]
- adrr 4y agoACH can be clawed back. It moves money via the FED. You can’t access it unless you’re a bank.