MSGID: 1:153/757.21@fidonet 068276c0   
   REPLY: 2:292/854 16113105   
   PID: OpenXP/5.0.57 (Win32)   
   CHRS: ASCII 1   
   TZUTC: -0400   
   Hello Ward!   
      
   ** On Monday 13.03.23 - 16:17, you wrote:   
      
    WD> Direct-deposit here is instantaneous. Also when   
    WD> transfering to another bank.   
      
   Deposits work similarly in Canada too.  Although some banks may     
   impose some delay.  But my experience with direct-deposits     
   (either cash or via transfers between linked accounts in the     
   same bank) are instantaneous too.   
      
   However.. inter-bank transfers - between different banks     
   (although I've never personally needed to make one) can be a     
   different story and can take several days to complete.   
      
   But I think the process depends on the banks involved.  For     
   instance, when I deliver my property tax payment via cheque to     
   the municipal office, I will find that the cheque will have     
   cleared the same day although the municipal office uses one     
   bank and I use a completely different one.   
      
      
    WD> Cheques were discontinued here Jan.1 2002, that's now 21   
    WD> years ago. They were too expensive but I still see them   
    WD> used in North America, it's a primitive form of paying.   
      
   Many companies still utilize cheques. I have no problem with     
   that.  A cheque made out to a business can't be co-signed and     
   "transfered" to anyone else - that's a pretty good fool-proof     
   way for a business to receive money.   For example, if someone     
   made a cheque out to my business, and I lose the cheque, no-one     
   else can pretend to be my business and try to benefit from that     
   cheque somehow.   
      
   However, personal cheques do seem to be subject to fraud every     
   now and then.   
      
      
    WD> Chipped cards? We already had 'm like 20 years ago.   
      
   Likewise..  the chip has been in place on Canadian credit/debit     
   cards a very long time already.   
      
      
    WD> Our debit cards still cannot be used in North America   
    WD> because of massive debit-card fraud. credit cards need to   
    WD> be re-activated every 6 months for security purposes in   
    WD> North America.   
      
   I think the problem is inter-country banking. Any out-of-    
   country transaction needs to be scrutinized and tested more     
   carefully.   
      
   Wrt cc cards being re-activated every 6 months - I never heard     
   of that. Perhaps your source of information is outdated.   
      
      
    WD> You know, stories like the one which started this, simply   
    WD> don't happen here. When I reserved a hotel-room in Calgary   
    WD> from Belgium last October, within minutes I got a call   
    WD> from the bank "We are informing you your Master Card has   
    WD> been used in Calgary. Are you aware?" Same happened when I   
    WD> booked a hotel in Anchorage AK.   
      
   The cc companies here do that too - that is, call or text a     
   usage notification.  Infact, I had such a call myself over 25     
   years ago when I was in another province purchasing new stereo     
   equipment components.   
      
   As for the eTransfer problem that started this thread, the     
   outcome is shameful on the part of Interac(tm) who devised the     
   system.  Apparently, not all banks or credits unions were     
   TESTED to comply with the notifications the same way.   
   --    
     ../|ug   
      
   --- OpenXP 5.0.57   
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