🚀 go-pugleaf

In article 
<B%Lmk.150383$102.120236@bgtnsc05-news.ops.worldnet.att.net>,
 "SpammersDie" <xx@xx.xx> wrote:

> <spamtrap1888@gmail.com> wrote in message 
> news:dc64fddb-49b4-4796-914a-045b75378e1a@z6g2000pre.googlegroups.com...
> > On Aug 7, 12:43 pm, "SpammersDie" <x...@xx.xx> wrote:
> >> <spamtrap1...@gmail.com> wrote in message
> >>
> >> news:c1f774e3-94de-4c23-9924-32b208533d23@j1g2000prb.googlegroups.com...
> >>
> >> > On Aug 5, 8:00 am, Scott in SoCal <scottenazt...@yahoo.com> wrote:
> >>
> >> >> I find that hard to believe the way you keep playing the victim card
> >> >> on behalf of these incompetent money managers.
> >>
> >> > There is a fine banking tradition of refusing to honor withdrawals
> >> > after a sufficient lapse of time -- "stale-dated" checks. All my
> >> > dividend checks have a date on them beyond which they will no longer
> >> > be honored. After that, the payee must go groveling back to the maker
> >> > to get a replacement check. If a giant corporation is not required to
> >> > keep sufficient funds in its checking account for eternity, neither
> >> > should Joe Consumer be.
> >>
> >> > Banks should have treated these withdrawals as if they were stale-
> >> > dated checks.
> >>
> >> Where did it say in the article that the banks honored aged EFTs?
> >>
> >> It sounds more like the vendor spit out the merchandise and waited months 
> >> to
> >> initiate the EFT.
> >
> > The vendor does not initiate the EFT, the customer does when he sticks
> > his debit card in the vendor's machine.
> 
> [Sigh.]
> 
> The vendor is the one that contacts the bank. Until the vendor does that, 
> the banks have no way of knowing a transaction has occurred.
> 
> So why are you claiming it's the banks' job to reject the EFT when there's 
> no evidence in the article that the banks could have known the ETF was for a 
> transaction that occurred month's earlier,

good point.  It is  computationally infeasable to embed a BEGIN 
timestamp in the transaction headers.  This is largely due to the 
quantum uncertainty of time arising from relativistic effects at 
different latitudes.  We certainly know that PIN-enabled transaction 
points don't provide this information in the user reciept.

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