News for hackers. Stuff that matters.
Re:Why Payments Are Hard, Even For Apple And Google by mkramlich on Sunday March 06, 2011 @04:46PM (#2295112)
Bingo. This is why it smells like something fishy. Like the banks are trying to earn carry/float interest. And possibly the government is in bed with them, by adding some regulation to impose an artificial delay, to supposedly add safety/caution, but in reality to give the banks cover to earn more profit on this carry/float interest. This is my best thumbnail theory, anyway.

There are no comments on this comment yet.