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About 8-10 years ago, another Turkish bank, Garanti, offered sms based money sending when the sms craze was at its height. It would send you a one-time random code that you could enter at any ATM, along with your and the sender's phone numbers and the known amount (which would not be in the SMS you got as the receiver). The sender would have to sms a service number like "3434" with the receiver phone number, the amount, and a special pre-determined pin. Whenever the amount was sent and accepted, the sender got confirmation SMSes, so they could notice and contest this in the off chance of fraud. Also, there was a daily limit to the amount that could be sent this way, only increasable online or over the phone after identity checks. All in all, not bad. Could be abused under very lucky circumstances (eg. phone got stolen and was storing sent SMSes, which was not the default during those days when phone memory was limited. And then the thief would have to get another stolen phone to retrieve the money so as to not give out their identity, and would have to do so under a security camera'd ATM), but not a super high chance and no super high risk. This saved me tons of times when I would have been stranded as a teenager but managed to call my parents. Or, later on, when I had my phone but had misplaced my card. |