That's not true about Paypal though: "Use lower case, upper case, a number, and a special character [like ~!@#$%^&*()_+=?><.,/]." [0]

And even if the character subset is quite small (26 lower case, 26 upper case, 10 digits), it's still good enough if it's completely random and never leaked once. Just max out the password length (start at 32 char) and back track from there.

[0] https://www.paypal.com/us/smarthelp/article/Tips-for-creatin...

I find this to be a recurring theme when banking security comes up. Every time I've ever been in a position to check, the specific claims made by HN comments about lackluster bank security practices have not been true. I assume they must have been true at one point, but commenters don't check that they are still true before commenting.

It was true in 2016 when I created my account. it was also true about BoA, they allowed a limited char-set.

That doc isn't dated, but it was true as recently as three years ago.

This one seems almost sensible to me. They probably have some ridiculous 1960s-era mainframe on the backend and it’s cheaper to keep it running than to redo it all.

It's more likely that the code and whatever was used for the DB dates from the 1960s-70s (likely a mixture of COBOL, JCL, and who knows what else), and has fixed-width columns for the data fields, with the password configured to something small.

I'd say most if not all of this code is probably running on some IBM mainframe from the 1980s or 90s - possibly later - and likely in some kind of emulation or backwards compatibility mode (so something from the 80s/90s would likely allow for running S/360 stuff, and so forth).

The actual hardware, though, has either been scrapped or is in a museum somewhere. There are very, very few instances of organizations still running "ancient" hardware (though the few that are tend to be known by the mainframe collecting community from what I understand).

I was super impressed to find that PayPal supports TOTP now, as the the brokerage Robinhood. Everyone else is still doing proprietary tokens, sms, or good looks for MFA. Tumblr had TOTP first but go PayPal, they get a pat on the back for doing something right.