Idk, there’s just quick checks, ig banks just trust ya 🤷♀️
Comment on Is this a scam or am I being paranoid? And if so, what kind of scam is this?
ChaoticNeutralCzech@feddit.org 2 days agoWait, checks are still not automatically cryptographically verified in seconds? How is anyone still using this?
GarboDog@lemmy.world 2 days ago
ChaoticNeutralCzech@feddit.org 2 days ago
Until they check manually in a labor-intensive process and you are punished again for having been scammed. It’s inefficient and the wrong people pay the price.
GarboDog@lemmy.world 1 day ago
We didn’t mean that to sound positive, in our opinion, checks are pretty out dated. Even the last few jobs we had required us to have a bank account since they don’t do checks either.
It’s definitely inefficient, but the banks don’t get hurt so we doubt they’re going to improve anything.
invertedspear@lemmy.zip 2 days ago
This would require the bank industry to invest in technology, and that would cost money. Banks are for making money, not spending it. Charge just enough to the consumers to cover whatever losses are brought about by the archaic system and you successfully pass on all losses to the account holders.