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   CANACHAT      Canadian chat conference      1,128 messages   

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   Message 375 of 1,128   
   August Abolins to All   
   eTransfer loophole   
   06 Mar 23 10:11:00   
   
   MSGID: 1:153/757.21@fidonet 062a05c8   
   REPLY: 1:153/757.21@fidonet 062a043d   
   PID: OpenXP/5.0.57 (Win32)   
   CHRS: ASCII 1   
   TZUTC: -0500   
    AA> There was a story on CBC radio this morning about a person who   
    AA> received an eTransfer payment (auto-deposit) for an in-person   
    AA> exchange of an item for sale.   
      
    AA> But the payor was able to cancel the payment within 30 minutes,   
    AA> long after he had disappeared with the goods.   
      
   Here is the link to the story on the CBC website.   
      
   https://www.cbc.ca/news/gopublic/etransfers-autodeposit-    
   cancelled-scam-interac-1.6764431   
      
   It turns out that the woman did NOT check the balance of her     
   account, did she receive any "notification" of a deposit.  Very     
   bad.   
      
   Usually, an eTransfer auto-deposit completes within a few     
   minutes.   
      
   "When the (auto-deposit) e-transfers came from one of the big     
   banks, senders never had an option to cancel it.   
      
   "Some credit unions, though, allowed senders to cancel for more   
   than half an hour after the (auto-deposit) e-transfer was sent   
   - even though the notification the sender received indicated it   
   was completed.   
      
     ..that's very bad too. Shame on the credit unions, and shame     
   on Interac for not inforcing protocols uniformly.   
      
      
   --    
     ../|ug   
      
   --- OpenXP 5.0.57   
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