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Article #9058

Re: How Does This Happen?

#9058
From: krw
Date: Wed, 13 Aug 2008 02:54
48 lines
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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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>
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