New ask Hacker News story: Ask HN: Why can't banking practices change to prevent money-forwarding scams?
Ask HN: Why can't banking practices change to prevent money-forwarding scams?
4 by djellybeans | 2 comments on Hacker News.
A lot of these scams still exist, where someone is given a check or e-check with no funds behind it and being told to deposit/spend it. Why can't banks put in place safety measures in order to require identification of the check-sender so that the recipients aren't left holding the bag? Is this not possible due to political/policy-related reasons, or is it more because of logistical reasons?
4 by djellybeans | 2 comments on Hacker News.
A lot of these scams still exist, where someone is given a check or e-check with no funds behind it and being told to deposit/spend it. Why can't banks put in place safety measures in order to require identification of the check-sender so that the recipients aren't left holding the bag? Is this not possible due to political/policy-related reasons, or is it more because of logistical reasons?
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