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by lesuorac 574 days 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

1 comments

Doesn't ACH still use FTP?
Yes, and a lot of banks still use mainframes.