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Increase: Banking API

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Re: Increase: Banking API

#181

Post by blooalien »

yboris wrote: post #90
blantonl wrote: post #79

Earlier quoted context omitted.

No good deed does unpunished.

I think this is one of the most unfortunate memes that people for some reason still continue to share. Think about what it teaches children when they hear it? What kind of a world view does it instill? By saying the phrase you are explicitly communicating the idea that it is (at least is some sense) better to not do good deeds.

> "No good deed goes unpunished."

    > "I think this is one of the most unfortunate memes that people for some reason still continue to share."
Even more unfortunate is that so many humans go out of their way to prove it true… Growing up in a small town, I was raised on more wholesome "memes" like "deep down, everyone wants to be a good person" and "sharing is caring" and other such silly lies, but having been out in "the real world" now for several decades, I've learned the error of that sort of thinking (at least here in the USA). The vast majority absolutely do not want to be good. They want to use and abuse everyone around them, and push others down into the gutters of life until they're filled with hatred for humanity. They want to beat every shred of goodness and decency out of everyone they meet, and that's just how life on Planet Earth is… It's a side-effect of having built a society around the idea that money is literally more important than anything else (including even life itself). Humans are mostly monsters and don't even realize it. I'm only happy that we're sure to kill ourselves off as a species before we escape this planet and infect the rest of the Universe with our evil greedy self-centered uncaring ways.

> "Think about what it teaches children when they hear it? What kind of a world view does it instill? By saying the phrase you are explicitly communicating the idea that it is (at least is some sense) better to not do good deeds."

I wish I had been taught that most people cannot be trusted, instead of the foolishness I was taught. I'd have had a much easier life than the ongoing "waking nightmare" that I currently live. A more realistic world-view would have protected me from much / most of the abuse and backstabbery I've suffered in this life. And the worst of it for me is knowing that as bad as my life has gone South on me, I've still got it "lucky" compared to those humanity abuses the worst (those in nations where people cannot even protect themselves against the most vile abuses humanity can perpetrate against other humans). I mean, sure, I'm not able to afford the medical care that I need to get back to a semi-"normal" existence, but at least I'm not starving to death or being worked to death in mines somewhere, barely able to live another day.

Re: Increase: Banking API

#182

Post by thedebuglife »

londons_explore wrote: post #71

I made an API for a bank... I was a third party and made the API by screen scraping their webUI. I sent their devs a link and initially there were positive messages going back and forth. The API allowed you to see balance, transaction history, and make payments. Before long, the API got quite popular, and lots of people were using it to make lots of payments automatically. You know what makes money laundering super e…

I always wondered why my bank completely blocks any kind of scraping with puppeteer or cheerios. This explains a lot :)

Re: Increase: Banking API

#183

Post by [deleted] »

londons_explore wrote: post #71

I made an API for a bank... I was a third party and made the API by screen scraping their webUI. I sent their devs a link and initially there were positive messages going back and forth. The API allowed you to see balance, transaction history, and make payments. Before long, the API got quite popular, and lots of people were using it to make lots of payments automatically. You know what makes money laundering super e…

[deleted]

Re: Increase: Banking API

#184

Post by chirau »

chadash wrote: post #37
Ayesh wrote: post #20

Earlier quoted context omitted.

I think they provide a backend so you can issue your own cards, with bank accounts routable through normal banking systems. Payoneer famously rely on third party "back-end" banks for their services, as they issue cards, offer routable bank accounts, cash withdrawal, etc. This is an extremely niche use case of course, but it's not the first time they popped up on HN at least. In mobile ISPs, MVNOs are quite common, an…

curl -X "POST" \ --url https://api.increase.com/check_transfers \ -H "Authorization: Bearer ${INCREASE_API_KEY}" \ -H "Content-Type: application/json" \ -d $'{ "account_id": "account0", "address_line1": "33 Liberty Street", "address_city": "New York", "address_state": "NY", "address_zip": "10045", "amount": 1000, "message": "Check payment", "recipient_name": "Ian Crease" }' Well it would certainly be nice if I can se…

It would also be nice to pay only 1k in rent at 33 Liberty St. :)

Re: Increase: Banking API

#186

Post by geraldwhen »

londons_explore wrote: post #121
geraldwhen wrote: post #104

Earlier quoted context omitted.

Search for “woman murdered while helping motorist”. There are too many evil people to willfully ignore the dangers of helping others. You should always, always be aware of the risks you’re putting yourself in any situation. In life, in work, in family, it doesn’t matter. And yes, that’s worth teaching children.

Sometimes you get something positive out of helping a stranger too... A new friend, a favour in return, or simply experience of doing something new/different. As long as the positives outweigh the dangers, it's worth doing.

The potential dangers are death in the examples I gave. The first rule of investing is avoid ruin. We only get chance at life, so what happens on average isn’t meaningful. We have to guard against outlier events.

Strangers should be distrusted by default, which is a lesson taught to children. It shocks me that some adults forget something so simple. This applies to teachers, cops, and anyone else you can think of. Trust is earned and should never be offered freely.

Re: Increase: Banking API

#188

Post by colechristensen »

e9 wrote: post #174
yebyen wrote: post #161

Earlier quoted context omitted.

Suggested breaking up the transfer to evade regs? Isn't that felony structuring? LOL

Not if you are doing legitimate transfers. I had to move money from trading account and had to do it over multiple days due to limits. It’s my money moving from one account to another. Zelle also doesn’t allow you to move more than certain amount. Probably for protection reasons.

Account transaction limits are different than reporting limits.

Re: Increase: Banking API

#189

Post by nulbyte »

monocasa wrote: post #150
nulbyte wrote: post #148

Earlier quoted context omitted.

Structuring involves currency, not bank transfers. I believe the word you are looking for is layering.

The IRS doesn't seem to make a distinction, calling out bank transfers by bank customers explicitly in it's structuring regulations: https://www.irs.gov/irm/part4/irm_04-026-013

Check the definition at 4.26.13.3.1. The third element of structuring is conducting a transaction in currency, and the last element is for the purpose of evading specific reporting requirements, where each of those reporting requirements involve transactions in currency. This is from the Bank Secrecy Act.

The other type of transaction they mention in 4.16.13.4 also involves cash payments in the course of a trade or business.

Everything else is what someone might do to try to conceal structuring, but if cash isn't involved, it's not structuring, because there's no covered reporting requirement.

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