undefined | Better HN

0 pointsswader9992y ago0 comments

Is there a record of 'what' was bought or transacted for?

0 comments

No this is an Interbank transfer system not a merchant service

Let’s be entirely honest, it would be unreasonable to assume they aren’t going to log every bit of data they can.

I don’t know why anyone would assume they aren’t going to link it with the IRS, and make it available to any agency that asks.

If the plan is to offer a “money request” service and offer much the same functionality as Venmo, there will be a “for” line.

Even with credit card payments now, they are coded at a minimum.

Everything is logged always.

j / k navigate · click thread line to collapse

No this is an Interbank transfer system not a merchant service

Let’s be entirely honest, it would be unreasonable to assume they aren’t going to log every bit of data they can.

I don’t know why anyone would assume they aren’t going to link it with the IRS, and make it available to any agency that asks.

If the plan is to offer a “money request” service and offer much the same functionality as Venmo, there will be a “for” line.

Even with credit card payments now, they are coded at a minimum.

Everything is logged always.

j / k navigate · click thread line to collapse