Earlier quoted context omitted.
> the money just flies right out. And then flies right back in once you report the fraud. The system works not by making it hard to steal money, but by making it easy to get back. This is like credit cards... yes, a shady store can steal money from you.... but then you get it back and they go to jail.
> The system works not by making it hard to steal money, but by making it easy to get back. In other countries the system works by making it hard to steal money: I'm in New Zealand, and you can't do really anything with my account number, except pay me. Direct debit does exist, but it's a lot harder to setup (I have to send the bank original signed documents if I want to setup a direct debit from my account) to the p…
I'm looking at you, NZTA.
Can't wait for the PaymentsNZ [2] effort to be fully implemented and widely adopted, so I can finally use real APIs to access this data, with low privilege throwaway tokens.