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

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micah94 8 months ago | parent [-]

Doesn't ACH still use FTP?

	▲	willmadden 8 months ago \| parent [-]
		Yes, and a lot of banks still use mainframes.