Hacker News new | past | comments | ask | show | jobs | submit login

Wait so merchants can just pull funds out of accounts without user authentication? This seems tailor made to facilitate fraud.



Not universally but a lot of the ACH agreements you consent to have a clause allowing drafts to be initiated on-demand until you revoke that consent. This isn’t necessarily bad and can often be desirable, but then it’s often up to you and the withdrawing party to settle your disputes about what is authorized and what is not.




Consider applying for YC's Spring batch! Applications are open till Feb 11.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: