> That’s also why it takes 2 days to send money to people, in an era of instant communication.
I always assumed anti-fraud had something to do with it. Give the victims time to notice and the institutions the ability to reverse transactions without loss
> I always assumed anti-fraud had something to do with it.
The banks must have had a good PR campaign going because I was under this impression for a long time too. Something didn’t click when I learned that mistyping a single digit in an ACH transfer means your money is gone forever…
I always assumed anti-fraud had something to do with it. Give the victims time to notice and the institutions the ability to reverse transactions without loss