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ryansam10

Re:How to use prepaid debit cards as a US bank? on Tuesday May 07, 2024 @09:02PM (#40293298)
What hoops do you think I'll encounter?

How to use prepaid debit cards as a US bank?

Tom Blomfield was able to start a bank using prepaid debit cards, I would like to do something similar. But I can't just slap my logo over a prepaid visa card and expect that to provide value to my customers. I want to attach or at least monitor transactions in an app that I build. So how would I be able link transaction data to a user inside an app? Or who should I talk to?

( Read More... | 3 comments | 2 points | on HN )
Re:How do you start a US Bank? on Sunday March 24, 2024 @03:50PM (#39809844)
By "issuer" do you mean the company which was a real bank who issued them prepaid debit cards? For example right now I can go to Visa and order a prepaid card. That's simple enough but for a startup idea I would need to put my own branding on it and also be able to link the transactions through a mobile app.

https://usa.visa.com/pay-with-visa/cards/prepaid-cards.html

How do you start a US Bank?

Y Combinator posted a video on their youtube channel recently about Tom Blomfield's startup story. In it, he mentions they were able to create a prototype bank using prepaid debit cards in 3 to 4 months: https://youtu.be/QKPgBAnbc10?si=-4oBvHysWWU02Pm2&t=345In the video, he made it sound simple. Like anyone can just go about and start a banking app. He was apart of a previously successful...

( Read More... | 3 comments | 2 points | on HN )
Re:Twilio Suppending Account for Fraud on Tuesday May 16, 2023 @09:44AM (#35961801)
Are you saying my approval could take longer than a few days? If so I need to think of a do things that don't scale hack around this.
Re:Twilio Suppending Account for Fraud on Monday May 15, 2023 @07:10PM (#35955771)
I feel slightly impatient but I got a startup to build and this is blocking me. Yes I have other things in this dev cycle to get done but they all require user phone numbers and verification. Just my experience with other APIs have never had this problem where when you first sign up you instantly get suspended. AWS does this if you request a bunch of new compute instances on a fresh account, but Twilio not even letting me send like a limit of 50 messages I think is weird. Even 10 messages for testing purposes would be fine until there further API account validation process is complete.
Re:Twilio Suppending Account for Fraud on Monday May 15, 2023 @07:00PM (#35955671)
Yeah I just figured if AWS or my Bank could get back to me within a few hours that maybe Twilio would too. This is my first experience with an API that has done this. For example setting up other APIs like Apple Notification, Google Maps, Spotify, has always been pretty strait forward. Haven't used Strip yet but maybe they also have this level of security.
Re:Twilio Suppending Account for Fraud on Monday May 15, 2023 @06:21PM (#35955300)
Because I feel like there's no point in reading the docs if I can't even test my code. Idk that's usually how I learn new documentation.

Twilio Suppending Account for Fraud

Just created a Twilio account for the first time and upgraded it right away paying $20 when they sent me an email that they've suspended my account. In the email they explained I needed to send some information about my intended use case. I've replied explaining I would like to use it for phone number verification and account creation. It's been 3 hours and no response. I might be a little...

( Read More... | 11 comments | on HN )