News for hackers. Stuff that matters.
Re:Senators push to ditch social security numbers in light o... by conductr on Thursday November 09, 2017 @11:13AM (#15663560)
In the US, everything needed to initiate an ACH is printed on a Check... and people feel very safe writing checks to one another and to companies. You never really know who sees your checks, where they are stored long-term, etc. Also, it's trivial to find a website that will sell you a box of checks, they do no verification to your identity/ownership of the accounts, they basically just print what you tell them to. Nothing is secure about banking, it really does need a modern reboot where we just sever ties to the legacy features
Re:Senators push to ditch social security numbers in light o... by feld on Thursday November 09, 2017 @03:07PM (#15665452)
legally you can write a check on anything: post-it note, napkin, etc.
Re:Senators push to ditch social security numbers in light o... by wool_gather on Saturday November 11, 2017 @11:07AM (#15676835)
As a technicality, yes, but your bank almost certainly has a rule about what it will accept. And there's nothing illegal about that rule.
Re:Senators push to ditch social security numbers in light o... by mjevans on Friday November 10, 2017 @04:20AM (#15668815)
Isn't it literally a money transfer contract?