The xz backdoor thing reminds me of a story

Re:The xz backdoor thing reminds me of a story by skywhopper on Sunday March 31, 2024 @07:13PM (#39889092)

It’s even easier to do it the way described. The banks are printing and mailing and processing the checks, which they can do with high efficiency. From the payor’s pov, it’s easier not to worry about tracking account numbers and just using the address which they already know.

And the payee doesn’t need to share their bank info.

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Re:The xz backdoor thing reminds me of a story by eddd-ddde on Sunday March 31, 2024 @07:18PM (#39889135)

Surely a check takes longer, right? "Printing, mailing and processing" doesn't quite scream efficiency to me.

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Re:The xz backdoor thing reminds me of a story by eszed on Sunday March 31, 2024 @09:45PM (#39890092)

It does. The US banking system is still predicated on paper checks, however, and efforts to change that face considerable inertia. There have been posts on HN explaining how (insanely) it all works.

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Re:The xz backdoor thing reminds me of a story by cayde on Monday April 01, 2024 @03:15PM (#39897974)

ACH takes days to weeks to clear anyway, especially if new sender or large amounts = untrusted. There is no real exception handling so you are given the amount on credit.

https://engineering.gusto.com/how-ach-works-a-developer-pers...

(From parent) > And the payee doesn’t need to share their bank info.

And this is a US concept where having the magic numbers lets you pull any amount you want, with no ability to have a "push only" number...

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Re:The xz backdoor thing reminds me of a story by drexlspivey on Sunday March 31, 2024 @09:12PM (#39889900)

> From the payor’s pov, it’s easier not to worry about tracking account numbers and just using the address which they already know.

The account number is on the invoice..

[ Parent | on HN ]