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Really? Definitely heard people in the banking area talk about how you just take money from other peoples accounts and if that person disputes it their bank th
by lesuorac 2y ago
Really?
Definitely heard people in the banking area talk about how you just take money from other peoples accounts and if that person disputes it their bank then uploads a file over FTP and if a file never shows up then your bank should assume (but not know) the transfer is valid.
Too bad the link rotted: https://news.ycombinator.com/item?id=7636066 https://news.ycombinator.com/item?id=7636066
- micah94 2y agoDoesn't ACH still use FTP?
- willmadden 2y agoYes, and a lot of banks still use mainframes.