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I just had over a thousand Euros stolen and Revolut is siding with the thief

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Re: I just had over a thousand Euros stolen and Revolut is siding with the thief

#321

Post by londons_explore »

novok wrote: post #307
repolfx wrote: post #255

Earlier quoted context omitted.

They are a lot more secure. Magstripe fraud is rampant, an accepted fact of life. Breaches of chip cards are extremely rare and not a fact of life. Or can you back up this insinuation that smartcard chips that digitally sign transactions are no more secure than magstripes anyone can duplicate?

You can duplicate chip & pin EMV cards too. They are prone to fraud just like mag stripe cards. https://www.consumerismcommentary.com/chip-credit-cards-frau...

Only when badly designed.

They're theoretically secure (ie. with cryptography), even if practically many can be encouraged to leak their secrets...

Re: I just had over a thousand Euros stolen and Revolut is siding with the thief

#322

Post by TallGuyShort »

luqa wrote: post #292
PhasmaFelis wrote: post #213

Earlier quoted context omitted.

Absolutely. "Move fast and break things" is barely acceptable for services where failure is mostly just annoying, like social media. If your product is banking, medicine, transport, or anything else that can seriously harm people, "move fast and break things" amounts to criminal negligence.

People try to replicate what worked elsewhere without asking themselves if there any differences between the businesses. That's normally a red flag, for a banking business a mortal sin.

How many times do ex-Googler's blindly parrot, "well at Google...", without asking themselves about exactly that?

Re: I just had over a thousand Euros stolen and Revolut is siding with the thief

#323

Post by rurp »

dubliner2077 wrote: post #275
Peroni wrote: post #7

Revolut's CFO recently 'resigned' from the company in light of claims that Revolut switched off an anti-money laundering system that flags suspect transactions. Revolut cited 'personal and health reasons' for the CFO's resignation. Whatever those personal and health reasons really were, they clearly passed quite quickly as within the space of a few weeks, said CFO has joined another FinTech company as their new CFO.…

And use candidates to your job offers so they do free marketing campaigns for you. Basically. To be honest, fuck Revolut, so use them with little money. Something is not right with these freaks.

> And use candidates to your job offers so they do free marketing campaigns for you.

Can you expand on this? I'm not sure what the reference is to.

Re: I just had over a thousand Euros stolen and Revolut is siding with the thief

#324

Post by bigiain »

dgellow wrote: post #68
Peroni wrote: post #7

Revolut's CFO recently 'resigned' from the company in light of claims that Revolut switched off an anti-money laundering system that flags suspect transactions. Revolut cited 'personal and health reasons' for the CFO's resignation. Whatever those personal and health reasons really were, they clearly passed quite quickly as within the space of a few weeks, said CFO has joined another FinTech company as their new CFO.…

> The company quite literally has the words "get sh*t done" in giant neon letters on their office wall. That has become one of my red flag. I want to deal with people and companies focused on the quality of their products and businesses, not on doing "shit" (taking their motto literally).

While I'm not a big fan of Atlassian's software - I did end up in their old offices for various hackerspace related meetups a long time back.

They had a big sign on the wall "Don't fuck the customer."

That's a much better ethos that "move fast and break things", or "Get shit done" in my mind... (Even if it is just performative customer facing propaganda, at least it shows that management understands that's a key requirement customers want to be told they'll meet...)

Re: I just had over a thousand Euros stolen and Revolut is siding with the thief

#325

Post by bigiain »

TallGuyShort wrote: post #322
luqa wrote: post #292

Earlier quoted context omitted.

People try to replicate what worked elsewhere without asking themselves if there any differences between the businesses. That's normally a red flag, for a banking business a mortal sin.

How many times do ex-Googler's blindly parrot, "well at Google...", without asking themselves about exactly that?

Even worst, when wannabe-Googlers do that.

"Well at Google, they'd use a global distributed fault tolerant Hadoop cluster for their data store." "Dude??? We're building a Wordpress site. We're gonna run MySQL on the same shared server as the php code."

Re: I just had over a thousand Euros stolen and Revolut is siding with the thief

#326

Post by shitgoose »

anthonybsd wrote: post #286
Peroni wrote: post #7

Revolut's CFO recently 'resigned' from the company in light of claims that Revolut switched off an anti-money laundering system that flags suspect transactions. Revolut cited 'personal and health reasons' for the CFO's resignation. Whatever those personal and health reasons really were, they clearly passed quite quickly as within the space of a few weeks, said CFO has joined another FinTech company as their new CFO.…

>Revolut's CFO recently 'resigned' from the company in light of claims that Revolut switched off an anti-money laundering system that flags suspect transactions. Revolut's CEO[1] is the son of the top bureaucrat of Russian Gazprom, which has been implicated as the main channel of - you guessed it[2], money laundering for Russian oligarchs [3]. [1] https://en.wikipedia.org/wiki/Nikolay_Storonsky [2] https://panamapape…

[3] is paywalled. and there is no connection between [1] and [2] (i think putin's friends would crack up laughing at the prospect of laundering billions through a british startup).

but the premise is correct - a unicorn who raised 5m for an online bank startup is hardly a serious option.

Re: I just had over a thousand Euros stolen and Revolut is siding with the thief

#327

Post by rorykoehler »

notahacker wrote: post #298
st1ck wrote: post #282

Earlier quoted context omitted.

With all this effort, cash seems much easier option.

One of Revolut's selling points is fee free overseas card purchases. Some people have travel schedules where local cash is actually an annoyance, and topping up the app balance via mobile before paying for something certainly isn't any harder than withdrawing extra cash.

I'm a Revolut customer and as far as I can tell that is BS. Always cheaper to transfer in via Transferwise. I only use Revolut for single purpose/use cards so my primary PAN isn't floating around in public.

Re: I just had over a thousand Euros stolen and Revolut is siding with the thief

#330

Post by bigiain »

dyadic wrote: post #252
codedokode wrote: post #233

Earlier quoted context omitted.

Maybe that system was low quality and blocked valid transactions?

Maybe it was, but that's not a good excuse. "We wrote some software to prevent money laundering but it was crap so we turned it off"

Or "We wrote some software to prevent money laundering but it worked properly and blocked heaps of profitable transactions, so we turned it off"
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