4 ms·
Asking the treasury to do ideological/legal analysis of transactions is the same as giving your bank the responsibility of approving your credit card expenditur
by guax 2y ago
Asking the treasury to do ideological/legal analysis of transactions is the same as giving your bank the responsibility of approving your credit card expenditure based on their idea of what you need/should buy.
The fact that they're going for the payment system and not for contract/orders analysis is exactly the red flag people are and should be concerned about.
- mike_hearn 2y agoBanks actually do that though. Credit cards have massive risk analysis engines behind them, and the limits are tied to your creditworthyness. So maybe it's not a good analogy.
- guax 2y agoThats for giving you credit. Not for spending your own balance.
- mike_hearn 2y agoIt's about spending your balance too. They will block transactions if they think there's a high risk of the transaction triggering a chargeback complaint, if they think the recipient might be sanctioned, if they aren't sure if the card was cloned etc.
- tonymet 2y agoWhat would be your recommendation?