this post was submitted on 30 Jul 2025
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Wait, where in the world does that happen?
..don't tell me that in the US if someone has your banking details they can do literally anything they want, and just empty your account
Yes that's how it works
Sepa Direct Debits work in basically every SWIFT-connected country too, so that's most of the world.
They absolutely can, yes.
So what do you do to set up automatic payments or buy something online where chips cannot be read? Do you get a notification to approve the transaction every time? It sounds more like you're just ignorant as to how open these systems still are to abuse...
Yes. Every purchase I do has two-factor authentication
If I do automatic payment, I need to set it up manually and also set a custom limit of how much is allowed to be pulled. I also typically get a notification every time an automatic transaction is planned to occur
Two factor how? Some would argue a CVV is a second factor, which is actually used in the US.
(I don't ask to be combative but to clarify the differences. I would not call a CVV true two factor)
CVV is printed on the same side as the CC these days. It's literally as if your CC was 19 numbers long instead of 16. If you still have a card where it's printed on the back then yeah, it's sort of a "I have physical access to the card to flip it" factor of authentication.
My phone if it isn't a physical purchase where the chip on the card is used
So true two factor then. Sounds too expensive for American corpos to implement, then...
I fucking wish