Re:Postbank to replace 12M bank cards after employees steal ...
by gcbw3 on Wednesday June 17, 2020 @02:45PM
(#23555117)
You are completely missing the point by an internal bank semantic.
Credit cards, yes, started replacing the high APR credit-checks. And then moved to a mix of this and regular debit checks.
But the actual process, which was what i was describing, was still pretty much exactly the same used to validate a check (whichever type) at the bank branch. Where the bank will draw the funds from is not a important topic when we are talking about process of the transaction itself.
Credit cards, yes, started replacing the high APR credit-checks. And then moved to a mix of this and regular debit checks.
But the actual process, which was what i was describing, was still pretty much exactly the same used to validate a check (whichever type) at the bank branch. Where the bank will draw the funds from is not a important topic when we are talking about process of the transaction itself.