You are viewing a single thread.
View all comments View context
17 points

Given that banks’ whole thing is transferring money you’d think they’d have got that sorted from the start but no.

permalink
report
parent
reply
8 points

My hypothesis on this is they just don’t want to facilitate moving money out of their bank to another one. Moving money between accounts held by the same bank is usually much easier. The major US banks are for-profit businesses, after all.

Alternative hypothesis - US banks aren’t implementing new features because they’re mostly all still running on ancient IBM mainframes.

permalink
report
parent
reply
6 points

I’ve heard from people in banking and in health care that regulations around transferring money and health information have not at all caught up to modern technology in the US. They’re tedious and cumbersome, which means thing more more slowly and more haphazardly.

permalink
report
parent
reply
3 points

My guess is no one is willing to take on the liability. Any new system that introduces bugs or introduces attack vectors from hackers don’t want to be responsible for any lost money and I’m sure banks/insurance don’t want to take on the risk either.

Magnetic tape and clearing houses for the indefinite future!

permalink
report
parent
reply

Lemmy Shitpost

!lemmyshitpost@lemmy.world

Create post

Welcome to Lemmy Shitpost. Here you can shitpost to your hearts content.

Anything and everything goes. Memes, Jokes, Vents and Banter. Though we still have to comply with lemmy.world instance rules. So behave!


Rules:

1. Be Respectful

Refrain from using harmful language pertaining to a protected characteristic: e.g. race, gender, sexuality, disability or religion.

Refrain from being argumentative when responding or commenting to posts/replies. Personal attacks are not welcome here.


2. No Illegal Content

Content that violates the law. Any post/comment found to be in breach of common law will be removed and given to the authorities if required.

That means:

-No promoting violence/threats against any individuals

-No CSA content or Revenge Porn

-No sharing private/personal information (Doxxing)


3. No Spam

Posting the same post, no matter the intent is against the rules.

-If you have posted content, please refrain from re-posting said content within this community.

-Do not spam posts with intent to harass, annoy, bully, advertise, scam or harm this community.

-No posting Scams/Advertisements/Phishing Links/IP Grabbers

-No Bots, Bots will be banned from the community.


4. No Porn/Explicit

Content


-Do not post explicit content. Lemmy.World is not the instance for NSFW content.

-Do not post Gore or Shock Content.


5. No Enciting Harassment,

Brigading, Doxxing or Witch Hunts


-Do not Brigade other Communities

-No calls to action against other communities/users within Lemmy or outside of Lemmy.

-No Witch Hunts against users/communities.

-No content that harasses members within or outside of the community.


6. NSFW should be behind NSFW tags.

-Content that is NSFW should be behind NSFW tags.

-Content that might be distressing should be kept behind NSFW tags.

If you see content that is a breach of the rules, please flag and report the comment and a moderator will take action where they can.


Also check out:

Partnered Communities:

1.Memes

2.Lemmy Review

3.Mildly Infuriating

4.Lemmy Be Wholesome

5.No Stupid Questions

6.You Should Know

7.Comedy Heaven

8.Credible Defense

9.Ten Forward

10.LinuxMemes (Linux themed memes)


Reach out to

All communities included on the sidebar are to be made in compliance with the instance rules. Striker

Community stats

  • 14K

    Monthly active users

  • 11K

    Posts

  • 255K

    Comments