Subj : Re: eTransfer loophole
To   : August Abolins
From : Ward Dossche
Date : Mon Mar 13 2023 16:17:15

August,
 
AA> What are the main differences in how banking is done in the EU
AA> that make it superior?   ..and why aren't those systems adopted
AA> elewhere then?
 
The issue which led to my remark simply wouldn't fly here. For starters.
 
Direct-deposit here is instantaneous. Also when transfering to another bank.
 
Cheques were discontinued here Jan.1 2002, that's now 21 years ago. They were too expensive but I still see them used in North America, it's a primitive form of paying.
 
Chipped cards? We already had 'm like 20 years ago.
 
Our debit cards still cannot be used in North America because of massive debit-card fraud. credit cards need to be re-activated every 6 months for security purposes in North America.
 
You know, stories like the one which started this, simply don't happen here. When I reserved a hotel-room in Calgary from Belgium last October, within minutes I got a call from the bank "We are informing you your Master Card has been used in Calgary. Are you aware?" Same happened when I booked a hotel in Anchorage AK.
 
Have a nice day,
 
 \%/@rd

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