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Do you have any more information about your project that you can share?

• tomasien 13y ago
  It's a way to transfer money bank to bank exactly like cash - it's able to use security algorithms to determine whether the funds being transferred are "good funds" or not, and it doesn't require to know their bank account information, just their online banking credentials. It overcomes the two major hurdles that have traditionally existed - convenience and security of the merchant to know the funds will actually be there.
  • alexwright 13y ago
    So I'm guessing the application logs into a user's online banking interface? Or is there some WS API the banks are making available?
    • tomasien 13y ago
      Kind of, there's absolutely no standard way of doing it, you have to do it bank by bank, that's been our challenge but we're up to 70% inclusion! It's the same way Mint works, except we have to do a ton of other stuff to be compliant and to get the information we need.
• tomasien 13y ago
  If you want to see it, email me @ tommy@thecityswig.com , I'd be happy to show you! We're in a super alpha batch of customers right now trying to make sure everything is as it should be, but I'm really really making an effort to get hackers opinions about this.