251–258 of 258 posts
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Financial crime is something that is heavily enforced on an (inter)national scale. Local transportation violations aren't enforced in quite the same way.
Yeah, but it's generally enforced by freezing your funds until you show up in court. If you've come up with an alternative, maybe just leave out the government-facing API that lets them freeze funds.
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Just bought a brand new car this week from a dealership (US) and the seller refused to accept a check.
That’s crazy. I’ve never had that problem, even when buying cars out of state. Were you paying the full amount by check or something?
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> Do you think Google is going to do any better at this? They already have no customer support, close accounts without notice....etc... The article is right, this is about engagement. Absolutely. I say this as someone who is still angry with them over Reader. I don't trust Google, but I trust them a hell of a lot more than Wells Fargo, Bank of America, et al.
Really? Wells Fargo isn't mining my search history using a black-box algorithm to decide without transparency whether to close my account or decline a transaction because I might have become a risk of some sort. Not that they would ever do such a thing.
Be your own bank? No agreement to have your credit monitored by those toads.
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That’s crazy. I’ve never had that problem, even when buying cars out of state. Were you paying the full amount by check or something?
Yes, was attempting to pay full amount. Couldn't remember my PIN to unfreeze my credit, and just seemed like it would be easier since I was in a position to pay in full.
It's easy (and fun) to complain about the bad (or just weird) product experiences that banks regularly churn out. Believe it or not, most banks are trying their best. But as other commenters have noted, banks aren't staffed by technologists, so their choices for how to solve these problems begin and end with buying one of the available off-the-shelf software products. Spoiler alert, these products generally are both…
I have to imagine that you get used a bunch in the backends of FinTech products, but any chance better IT starts to reach consumers? My inability to know exactly what's going on with my money on my own terms is endless frustrating. The aggregators help, but are still quite limited.
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« why not cut out the middlemen and be the only parasite in the loop? » Observation: this is precisely what cryptocurrencies do. No middleman. Users transact directly with each other.
> No middleman except for a handful of giant server farms in china
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« why not cut out the middlemen and be the only parasite in the loop? » Observation: this is precisely what cryptocurrencies do. No middleman. Users transact directly with each other.
But the biggest actors in crypto are the exchanges, literally the middlemen between buyers and sellers. The volume of trade with crypto as a medium of exchange is dwarfed by the amounts changing hands via the exchanges.