261–270 of 274 posts
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Yeah it's shitty, but I mean at least they have a 100% guarantee on all online stuff where if you didn't give away your pin/password/card, and didn't make it your name/address/number/other personal info they will refund you. Which I mean isn't much help but at least is something. I wish they had 2FA.
Banks will lock the account after a few mistakes. Even a 4 digit pin would be secure.
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Australia may not be known as a banking superpower but it has the most user-friendly, affordable, efficient financial infrastructure of all the places I lived in. There's the most kickass Bill Pay system ever and DEFT, which allows paying by several methods including the credit card, potentially gaining reward points for paying rent. (Reward credit cards may be pricey though.) Overseas wire cost a measly flat AU$20 a…
> (nope, Transferwise doesn't have it) fwiw Transferwise has had this for around 3 months now: https://transferwise.com/borderless
The borderless accounts are:
1. Limited to a handful of currencies. OFX isn't.
2. In the US at least, can't receive international transfers. OFX can. I'm sure there are other limitations, too.
3. It's unclear how much is to be paid to transfer the money from the borderless account to yours. OFX charges nothing to keep the incoming funds "in custody" for up to a month.
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Australia may not be known as a banking superpower but it has the most user-friendly, affordable, efficient financial infrastructure of all the places I lived in. There's the most kickass Bill Pay system ever and DEFT, which allows paying by several methods including the credit card, potentially gaining reward points for paying rent. (Reward credit cards may be pricey though.) Overseas wire cost a measly flat AU$20 a…
good summary. Only bit missing would be the recently / soon to be phased out $2 non-bank ATM price gouge
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Dollar to a donut, there is or was a mainframe involved in authentication that has an 8 character password. I even bet the company that sold it was IBM. I remember finding out at one job that the "reason" for the 8 character password requirement for one of our logins, was "you can type as much as you want, but eventually we just take the first 8 characters and use that to log you into the mainframe as thats all it ac…
I remember DB2 had some weird limits. I think it was something like database names couldn't be more than 8 bytes, which was something to do with some filesystem on z/OS or something that couldn't have directories with names longer than that (probably not quite right, but it was something like that).
From what I remember you're spot on, every "file" or "record name"/whatever (mainframes are not unix) was restricted to 8 characters and upper case, also EBCIDIC just because IBM. So many silly legacy things around those mainframes.
That said, they literally never had an outage on it the entire time I was there so +1 for reliability and availability. They even replaced the whole mainframe piece by piece.
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But it seems the standards forced down by the EU resulted in a faster, more efficient system? As a private individual or person doing business in the EU I don't have to care about the different gateways in various EU countries or the difference between ACH and wire. I just make a transfer via online banking or authorize a SEPA Direct Debit withdrawal by ticking a checkbox in an online shop. There's zero friction. Whe…
I don't think so. The EU isn't better off than the US when it comes to cellphone standards as such and it certainly haven't made them any better at building successful companies. EU is trying to solve a bunch of things through legislation which the market should be solving on it it's own.
Maybe because they know that the market doesn't solve such problems, it only makes them worse. Market players profit from creating barriers for customers and keeping the system balkanized; it takes a strong actor outside of that market to force a common standard.
See also: why sending files directly between a computer running Apple's OS and one running Microsoft's OS is so ridiculously complicated.
Does anyone know the cause of the large and long standing difference in banking in US vs Europe? In europe: -for 15 or so years already, web banking has been with 2nd factor authentication (since its inception I assume). In previous decades we would get devices where you need to type numbers from its lcd screen into the webpage login. Today mobile auth apps are taking over. -I have never seen a bank have security que…
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I don't think so. The EU isn't better off than the US when it comes to cellphone standards as such and it certainly haven't made them any better at building successful companies. EU is trying to solve a bunch of things through legislation which the market should be solving on it it's own.
> EU is trying to solve a bunch of things through legislation which the market should be solving on it it's own. Maybe because they know that the market doesn't solve such problems, it only makes them worse. Market players profit from creating barriers for customers and keeping the system balkanized; it takes a strong actor outside of that market to force a common standard. See also: why sending files directly betwee…
I give the bank a fairly obvious fake last name they could spell without asking me, since it's famously attached to a bumpkin. I get a lot of strange looks for that one. I can barely remember how to spell my mother's maiden name since it wasn't anglicized. Interesting to note that overseas support really struggle with a lot of these security questions. So many are central to the Western world and they can't seem to s…
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> EU is trying to solve a bunch of things through legislation which the market should be solving on it it's own. Maybe because they know that the market doesn't solve such problems, it only makes them worse. Market players profit from creating barriers for customers and keeping the system balkanized; it takes a strong actor outside of that market to force a common standard. See also: why sending files directly betwee…
Is it? Both support SMB.