171–180 of 185 posts
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What about gift card scams?
There should be no way to convert gift cards into large amounts of cash for starters. US, perhaps, is the only developed country with gift card scams problem.
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You see old people losing their life savings—the only money they have to live on—as being better than them having certain very obviously fraudulent financial transactions questioned, and potentially delayed?
This is an incredibly disengenious take. Old people (or anyone) being scammed out of their life savings is bad. Full Stop. What is worse is some random person in line being able to speak up and have someone's bank account effectively frozen. Yes, this story is about Walmart but the real issue is banks here, in my personal direct experience. This topic is near and dear to me as I have personally seen how the banks do…
It would absolutely be reasonable to continue fighting fraud by recognizing that these things can happen, and taking steps to combat them, without tilting it as far as you have seen in favor of banks essentially confiscating customer funds.
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She immediately called her boss. She didn’t get fired. Boss was initially sympathetic. But she lost her promotion. Then had hours cut. So she had to leave.
Honestly? This sounds like a constructive dismissal - designed to avoid claims of retaliation and victim blaming in a sympathetic case - to me.
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Perhaps, as you suggest, Wal-Mart should hire high-paid, well-trained executives from PayPal, Zelle, CashApp, Venmo or other services. God knows there's never been fraudulent transactions or scams on those platforms. You obviously have a beef with Wal-Mart, writing essentially the same comment 4 times and seemingly ignoring the fact that virtually every supermarket and check-casher in the country has a similar employ…
Yes, you're right. There's no middle ground between "3 hour morning training on using the Western Union console" and "fintech antifraud executive", none at all.
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Honestly? This sounds like a constructive dismissal - designed to avoid claims of retaliation and victim blaming in a sympathetic case - to me.
It isn't illegal retaliation to fire an employee that is the victim of a scam though
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You see old people losing their life savings—the only money they have to live on—as being better than them having certain very obviously fraudulent financial transactions questioned, and potentially delayed?
This is an incredibly disengenious take. Old people (or anyone) being scammed out of their life savings is bad. Full Stop. What is worse is some random person in line being able to speak up and have someone's bank account effectively frozen. Yes, this story is about Walmart but the real issue is banks here, in my personal direct experience. This topic is near and dear to me as I have personally seen how the banks do…
I sympathise with your position, but you cant have people awndong money to know drug dealera and terrorists and go "oh well, its their money" either
the additional angle to consoder is that we have duty of care to vupnerable individuals - elderly pwople and children.. like if a peraon with a degree in finance is buying crypto, no questions. but if someone in their 80s is investing in crypto becauae their neighbour tols them to, thats suspicious
i am writing this as someoje who currently can't send koney to family because the whole country has been sanctioned, so,
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Well, if one sees a crime being committed against an elderly person, it is kind of an recognized social duty to intercede, though really there seems to be no good practical way of doing so in the case like this. And some level of stupidity, either natural or appearing with age, qualifies people to lose their right to be stupid, ie. conservatorship. Unfortunately it is a very heavy legal process of a sledgehammer when…
I personally consider conservatorship immoral. "We know better so you are better off being my slave"
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Yes, you're right. There's no middle ground between "3 hour morning training on using the Western Union console" and "fintech antifraud executive", none at all.
The point is that both groups are unable to prevent fraud.
just because zero fraud cant be achieved dows not mean we should have no anti fraud measures
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There’s a well established, well documented pattern of conduct by Walmart that suggests otherwise. In a town near me, the store generates ~3000 arrests a year, to the point that the town has a police substation on the premises.
Comparing blatant theft of physical property to a possible financial scam, the latter of which the company has nowhere near the context required to make a determination on, seems a bit disingenuous, no?
most of crime in the world is not petty shoplifting, its financial fraud amd much of it is done under corporate veil
For years, according to the complaint, it was Walmart’s stated policy for its employees to issue payouts even in the case of a suspicious money transfer, making it easy for scammers to retrieve fraud proceeds at a Walmart location. The complaint cites a Walmart reference guide for employees that stated: “If you suspect fraud, complete the transaction.” Wow!
looks over at the Visa/Mastercard porn thread full of people lecturing us all about how corporations can't knowingly do business with people/companies breaking the law Huh.
money transfer industry is not so consolidated.