[willio58]

We can blame plaid all day but the banks are the ones that created a need for a third party in the first place. How banks didn’t come together and create a more secure and planned version of plaid themselves shows the technical incompetency of the leaders of those banks.

[dheera]

I'm perfectly happy with the existing system of verifying deposits, I don't consider disclosing passwords to be an acceptable solution to a problem that doesn't exist.

[willio58]

The issue with that is waiting 2-3 days for the initial funds transfer to go through, maybe more if it’s a banking holiday. We live in a world where you can get 2 day delivery of most goods. The fact that it takes 2-3 days to even initiate a bank transfer using the old method is just silly

[dheera]

They could make bank transfers instant, instead of resorting to sharing passwords.

Sharing passwords is a universally bad practice and has been for decades.

[willio58]

I would love this! It could put plaid and Venmo out of business, but for some reason the banks haven’t done this. Again why I say this is the banks’ fault.