[jonwachob91]

>>> This is really the biggest challenge facing borrowers. The means of payment should really be locked in.

Why? Some debt terms are incredibly long, such as a 20/30 year mortgage. Many soon to be paid off mortgages were signed before online banking / online payments was a thing. So you would be forcing people to continue using outdated and inefficient technology,,, b/c no reason at all.

Can you imagine the payment technology we will have 20 years from now? If I bought a house with a mortgage today, why should I be forced to continue using today's technology for another 20 or 30 years when a better technology is out there?

[aaron_m04]

Okay, yes, locking in the payment method at the start is bad, but what if it can't be changed without the consent of both parties? Presumably if some awesome new payment system becomes available, both parties would consent to use that.

[zamfi]

A mortgage is usually a contract between two parties, so...both parties can agree to change anything about the contract at any time anyway.