Subj : Re: eTransfer loophole
To   : August Abolins
From : Ward Dossche
Date : Sat Mar 18 2023 19:02:57

Hey August,
 
AA> However, personal cheques do seem to be subject to fraud every
AA> now and then.
 
What I intended to say is ... this requires manual intervention, it's a person's job and his/her/its salary is paid by whom/what? That makes banking more expensive.
 
I haven't used cheques for a payment since ... can't remember. At least 25 years.
 
AA> I think the problem is inter-country banking. Any out-of-
AA> country transaction needs to be scrutinized and tested more
AA> carefully.
 
It's exactly the same as an in-country payment ... it goes through a clearing-agency which auto-approves or declines.
 
AA> Wrt cc cards being re-activated every 6 months - I never heard
AA> of that. Perhaps your source of information is outdated.
 
My source of information is pretty current.
 
When I travel to the US (not Canada) my first transaction needs to be through a bank-ATM to verify my presence in the country. If I go eg to an airport-diner without passing via an ATM first, the transaction will decline.
 
Enjoy the week-end ...
 
 \%/@rd

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