Re:What Happens When You ACH a Dead Person?
by bsder on Wednesday August 28, 2019 @03:01PM
(#20822883)
Knuth had to quit giving out real checks (which nobody actually ever cashed, anyway) for exactly this reason.
Re:What Happens When You ACH a Dead Person?
by emiliobumachar on Wednesday August 28, 2019 @05:27PM
(#20824151)
They probably meant a fire-and-forget method to pay untrusted parties without giving them the ability to charge more than agreed.
Chargebacks are a thing, but they require constant vigilance and the occasional bureaucratic task.
Re:What Happens When You ACH a Dead Person?
by TylerE on Wednesday August 28, 2019 @05:42PM
(#20824289)
Checks have substantially less security there. Not more - and even if/when it gets fixed the money comes out immediately.
Re:What Happens When You ACH a Dead Person?
by mindslight on Wednesday August 28, 2019 @02:57PM
(#20822842)
More importantly you're giving them the authorization.
Everyone already has the basic ability to pull funds from arbitrary checking accounts. heh.
https://www.bankrate.com/financing/banking/writing-checks-in...