pjg

13 ms·

61.
by pjg 10y ago
There are 3 issues: The most important one is few business are setup to make a direct ACH Credit (for making an ACH Debit its an harder barrier and even fewer businesses have it ). Those that are have cumbersome UI/UX. The other issue
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by pjg 10y ago
I agree. I had read and occasionally seen a documentary on the A-bomb dropped on Hiroshima. I lived in Tokyo for a while and visited Hiroshima and the A-bomb museum. They had a "scaled" model of the entire city and the bomb hangin
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by pjg 11y ago
Nice article! Anybody who's been in the Credit Card business - either from the issuing side or from the Merchant or Network side knows this stuff. The author has done a good job summarizing the details without disclosing information th
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by pjg 11y ago
This article has a strong sideline of Banks fear of fintech startups eating their lunch and goes on to cite 2 specific examples of large banks doing things the disruptive way: Chase disbursing loans thru ondeck.com and Deutsche Bank sendin
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by pjg 11y ago
Net neutrality is paramount. Regardless of country/region of the world. To offer limited Internet to people who are going to get it anyway within an year or two with control over what they could surf and what they couldn't is wron
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by pjg 11y ago
Yes, but in 2016 it'll be same-day ACH Credit only. That doesn't solve the problem. The ACH delay is on the Debit side (2 working days ) which will not be same-day until 2017 and the banks are not mandated to update balances same
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by pjg 11y ago
Digital Checks can clear overnight (just like Check21). Much faster than ACH. As for fraud the rules are no different than ACH.
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by pjg 11y ago
You quoted economist and mentioned Surat as a dump. It might help if you read an article Economist published about Surat, in 2012 http://www.economist.com/node/21563412 (last 4 paragraphs ) Excerpt: What it takes A far
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by pjg 11y ago
Sure. Try www.checkbook.io for Digital Checks. Digital Checks are better than echecks because the provide instant verification and better confirmation of funds thus avoiding NSFs Disclaimer: I'm the founder of Checkbook.io
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by pjg 11y ago
Good response. Still feel that SEC has more important things to do than fine unfunded startups in a garage with 2 people
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by pjg 11y ago
The issue here isn't whether "real-value" was used or not. Technically kids selling lemonade on street corner on a Sun afternoon need a business licence. Do we prosecute them for illegal activity ? Do we arrest their parents
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by pjg 11y ago
I just tried your service - got a text saying you're trying to find a slot and 3 minutes later confirmation. Nice! Good UI too. Signed up from the browser then downloaded App - the app didn't know I'd already signed in - you
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by pjg 12y ago
This seems oversimplified. IBM is big internationally. They have as many perhaps even more employees in India than in the US. Using a "mean" salary of $100K seems oversimplification, not just India and US but most other countries
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by pjg 12y ago
Step in the right direction. Money Transfer regulations should happen at the national level instead of state level if innovation has to foster
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by pjg 12y ago
What will the screen resolution default to ? The resolution mentioned i.e. 2560×1440 (493 ppi) is too high for human eye to decipher on 6" frame. MacBook Pro's with retina displays have 2560x1440 resolution available however the h
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by pjg 12y ago
One of the things I like about Startup School is the quality of people attending. I tried to organize a quick "Speed Networking" session during lunch hour - bunch of people joined in and it was fun. I remember PG saying a lot of f
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Ask HN: Startupschool “Speed Networking” anyone?
10 points by pjg 12y ago|2 comments
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by pjg 12y ago
Hi there - I'm a startup founder and would love to discuss potential opportunities with you. I don't mind or care if your portfolio is small as long as you have the skill/passion to build great user experience. Feel free to e
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by pjg 12y ago
I think the comments so far have been telling you to focus on your startup/idea and not worry about "being in Silicon Valley" - that's more or less right. Let take another view of this: Instead of trying to secure h1b or
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by pjg 12y ago
No cringing. Secure-ftp is not the only security measure used in transmitting ACH files. There other measures too - including but not limited to: Checking source IP in a stateful way, Out of band confirmation by email/fax/phone, h
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by pjg 12y ago
Maybe. Here's a slightly different perspective. First take the case of ftp'ing/sftp'ing files to a bank. There are multiple layers of security in sftp - not just the username and password. Source IP is checkec in a state
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by pjg 13y ago
Indeed something that looks simple from the outside has a lot of work put into it to get it to where its simple and usable. Great job and even better to hand it over to a set of people willing to carry on the work and ethos
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by pjg 13y ago
Can you tell me why you think PG is off the mark ? Tesla is a company marketing a product that people want. If people want Tesla their elected representatives should not and cannot stop them from exercising their choice. Passing laws to pro
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by pjg 13y ago
Did you even pause to ponder that OP could've been you ? What if everything he says is indeed true. And he has presented a bunch of facts that point in his favor. If you would've been arrested to simply calling 911 and trying to h
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by pjg 13y ago
I am assuming that "YC partners not able to invest till the start has raised atleast $500K or 3 weeks after demo day" will mean YC founders follow the rule in letter and spirit i.e. no pre-discussions with YC partners leading to p
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by pjg 13y ago
Nothing is completely secure. Giving out Credit/Debit card numbers on a website can lead to theft too. Giving out bank account numbers can to. In both cases consumer is indemnified as along as they flag the transaction within 60 days.
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by pjg 13y ago
Wire transfers != ACH transfers Wire transfers are (almost) real-time and use Fedwire (domestic) and SWIFT (international) for communication in real-time. Usually banks charge hefty fees for this. ACH is a batch network that takes minimum o
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by pjg 13y ago
If I use your reasoning then Americans should be as afraid to write paper checks since each check has the owner account number on it, hence anybody who gets a paper check can syphon money using ACH. Not really! (Paper checks - even today -
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US govt ordered to remove and restitute Stanford Grad from no-fly list(sfgate.com)
4 points by pjg 13y ago|0 comments
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by pjg 13y ago
That's how they got Bin Laden's hideout confirmation. By running a fake vaccination campaign to get his children inoculated and collect and match the DNA to confirm his presence. Unfortunate side-effect

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