Article View: misc.consumers
Article #9058Re: How Does This Happen?
From: krw
Date: Wed, 13 Aug 2008 02:54
Date: Wed, 13 Aug 2008 02:54
48 lines
3455 bytes
3455 bytes
In article <mt22a45mclgp5l4sjd5or5rumbhptq9fdb@4ax.com>, scottenaztlan@yahoo.com says... > In message <MPG.2309898f8cf9cf6c989fc2@news.individual.net>, krw > <krw@att.bizzzzzzzzzz> wrote: > > >In article <nndv94d7hgjg49oej5fl2203te3ogecs3c@4ax.com>, > >scottenaztlan@yahoo.com says... > >> In message <MPG.23096fcbe1bf679e989fbb@news.individual.net>, krw > >> <krw@att.bizzzzzzzzzz> wrote: > >> > >> >> The problem is the banking system favors merchants, not consumers. For > >> >> example, even before Check-21 was active, banks allowed merchants to > >> >> convert paper checks into EFT debits, eliminating the "float." The > >> >> merchant can then destroy your check. In other words, the banks ASSUME > >> >> that every EFT debit coming in from a merchant is correct, and they > >> >> don't even have to produce the original check as proof. A software > >> >> glitch (or outright fraud) could cause an EFT debit to your account, > >> >> and unless you complain it will be treated as valid. > >> > > >> >Wrong. They must produce at least a facsimile of the check upon > >> >request (challenge). > >> > >> And therein lies the problem: the bank ASSUMES that the electronic > >> debit is correct *unless* the customer complains. After a few days > >> when the merchant is unable to produce an acceptable substitute check, > >> then the consumer might get his money back (and all his bounced check > >> fees reimbursed). In the meantime, you get to enjoy all the stress and > >> hassle this "mistake" will cause you. And heaven help you if you're > >> one of those folks who never balance their checkbooks and thus fail to > >> spot the error. > > > >Boo Hoo! If you're ripe for picking, you will be picked. It > >doesn't take an EFTS to do it. > > Oh, you heartless beast with no compassion!!! Compassion? It's about understanding. I *understand* that idiots will be picked, just like I *understand* that they will whine here. ...not learn, whine. > Get ready for smr to call you an "asshole." > > :) > I'm a big boy. I can take even his whining (and laugh). -- Keith
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X-Google-Thread: 107518,d777ae74711f9ca1 X-Google-Thread: 10e835,d777ae74711f9ca1 X-Google-Attributes: gid107518,gid10e835,domainid0,public,usenet X-Google-Language: ENGLISH,ASCII-7-bit Path: arc1-ca.pugleaf.net!g2news2.google.com!news4.google.com!fu-berlin.de!uni-berlin.de!individual.net!not-for-mail From: krw <krw@att.bizzzzzzzzzz> Newsgroups: misc.consumers,chi.general Subject: Re: How Does This Happen? Date: Tue, 12 Aug 2008 21:54:54 -0500 Lines: 48 Message-ID: <MPG.230b8a226ab72a32989fcc@news.individual.net> References: <ko35949b1nba66qgk3hjg024brcr26vdgu@4ax.com> <g74vjr$3hl$2@jik3.kamens.brookline.ma.us> <gcqc94lo4l0n39p5alvlukv3rem2cbs223@4ax.com> <g77c1l$qll$1@jik3.kamens.brookline.ma.us> <3kpg94tbalh9lmoe6avfa1i9jcc0mau8j4@4ax.com> <c1f774e3-94de-4c23-9924-32b208533d23@j1g2000prb.googlegroups.com> <stdn94h0i7gcbtdtpt3oqor0uk2105lgo8@4ax.com> <MPG.23096fcbe1bf679e989fbb@news.individual.net> <nndv94d7hgjg49oej5fl2203te3ogecs3c@4ax.com> <MPG.2309898f8cf9cf6c989fc2@news.individual.net> <mt22a45mclgp5l4sjd5or5rumbhptq9fdb@4ax.com> Mime-Version: 1.0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit X-Trace: individual.net 7SrFY82sAaMGhP4preSU0QO3DUZbCQBVYoAT7N3Dim2RK+treM Cancel-Lock: sha1:pAbZxM12n9yK18aRDixfFww3v9o= User-Agent: MicroPlanet-Gravity/2.70.2067