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lesuorac 7 months ago

Really?

Definitely heard people in the banking area talk about how you just take money from other peoples accounts and if that person disputes it their bank then uploads a file over FTP and if a file never shows up then your bank should assume (but not know) the transfer is valid.

Too bad the link rotted: https://news.ycombinator.com/item?id=7636066

micah94 7 months ago | parent [-]

Doesn't ACH still use FTP?

willmadden 7 months ago | parent [-]

Yes, and a lot of banks still use mainframes.