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Sending money by e-mail ! (pg. 2)
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| Alccode |
| quote: | Originally posted by DJRocco
ok u raised a pretty darn good point that didn't cross my mind.
screw it, if i get robbed, i get robbed. whether i get mugged in real life or digitally, doesn't matter. i will loose money either way. at least digitally u can some what track them down if it was a really large sum of money.. real life, good luck |
I think what he meant was that in a physical store, your card number might get stolen, copied by the card-scanner, or whatever; not that your card will necessarily get *physically* stolen. |
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| DJRocco |
| quote: | Originally posted by Alccode
I think what he meant was that in a physical store, your card number might get stolen, copied by the card-scanner, or whatever; not that your card will necessarily get *physically* stolen. |
lol no no no i know what he meant.
but if u think about it, a card-scanner is physical... true? i mean u do have to swipe it.
it's pretty much like stealing the card *physicaly* and copying the # down really really fast. EITHER WAY, yes sorry i should have been more clearer. |
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| ryanm |
| I'm still not sure how this technology works. You send an email with a security question and then if the person on the receiving end answers it correctly, the money gets transferred. How would this work if people haven't registered a email account with the bank (I don't think I have)..and why can't you just transfer money from one account to another using easy line??? |
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| DJRocco |
:conf: :conf: :conf:
read my lips lol
i haven't tried it ie dunno how it works.
therefore next time i need to pay someone, i should consider trying it |
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| mecha |
| quote: | Originally posted by Durafei
Yep, that's right...
some background.
It's sunday may 4th, 6PM.. We have to pay $915 for rent. If we don't pay today, we get evicted(we've been paying late toooo many times already and they warned us). There is 4 of us living in the house, everybody(except me) has enough money to pay the whole $915, but nobody except me has any cheques left. We can't make a money order either cause it's sunday which means that all banks and post offices are already closed.. And to make matters worse, we can't pay by cash either.
what to do??
Well, as it turns out, if you have an account at a Canadian bank, you can send money to anyone who has an account at a Canadian bank instantaneously by e-mail! How cool is that! Time-consuming money orders and cheques are pretty much obsolete now!
So everybody in my household simply sent me enough money, and I wrote a cheque for the required sum. Problem solved !
Long live internet and cool new technologies that make our lives SOOO much easier !!! :D |
these option has been ON ever since online banking been designed.
CIBC banks had that for awhile. |
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| DJRocco |
| quote: | Originally posted by mecha
these option has been ON ever since online banking been designed.
CIBC banks had that for awhile. |
they never tell me about these things. i've been with cibc since i was 14 and opened my first bank account.
i guess they figured i'm not "rich enough" to use such feature... or more like i never cared to ask hehehe:whip: damn u rude CIBC clercks |
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| Time2Burn |
| My email address is [email protected] in case anyone wants to test this out. :D |
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| Endlesswave |
| quote: | Originally posted by ryanm
I'm still not sure how this technology works. You send an email with a security question and then if the person on the receiving end answers it correctly, the money gets transferred. How would this work if people haven't registered a email account with the bank (I don't think I have)..and why can't you just transfer money from one account to another using easy line??? |
That's the thing the person on the recieving end also has to have Email money transfer registered with their bank/insitution otherwise it won't work. Both banks have to have it set up. You can just transfer money from one acount to another account using Easyline, those accounts have to be with Td/Ct to do it though. That is why email money transfers were set up, so that people would be able to do it across different banks. |
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| DJLocoMoco |
| You shouldn't worry too much about your credit card number being stolen, why? Because credit card companies keep track of all your purchases, they know what your spending range is, and how often you purchase items. So if one day all of a sudden there is this huge amount being charged to your account, the transaction won't go through. They automatically flag "suspicious" purchases. The only way the transaction will go through is if the card owner calls and informs them that it is a legit purchase. So unless the theif is smart enough to guess your spending range he/she will be out of luck. |
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| dEsidEL |
i'm a co-worker of Endlesswave at TD and I have to say as well that Email Money transfers have been around for quite some time now. It's pretty secure in terms of the backend processes and I have not encountered any fraud reports with its use to date in the time that it's been used within our institution.
as for Visas and credit, as LocoMoco said, it's a lot harder to steal credit than many people think. Visa has a lot of systems in place to prevent it and even if you were to be scammed, usually they can determine whether or not ur the perpetrator and recredit you the loss money.. |
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| ryanm |
| quote: | Originally posted by DJLocoMoco
You shouldn't worry too much about your credit card number being stolen, why? Because credit card companies keep track of all your purchases, they know what your spending range is, and how often you purchase items. So if one day all of a sudden there is this huge amount being charged to your account, the transaction won't go through. They automatically flag "suspicious" purchases. The only way the transaction will go through is if the card owner calls and informs them that it is a legit purchase. So unless the theif is smart enough to guess your spending range he/she will be out of luck. |
that shouldn't be too hard when my spending range consists of minimum payments only:stongue: :stongue: :stongue: :stongue: :stongue: :stongue: |
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| DJLocoMoco |
I should rephrase what I said in my initial post,
you shouldn't worry too much about people stealing your credit card number in order to make purchases and what not, instead you should worry about people using that number in order to steal your identity. Having a stolen identity is scary , and it can be done quite easily. A guy in one of my classes this past semester said he tried to cross the border with his friend, but they were denied passage for 3 hours because apparently there was someone already in the US using his friends name. The officials told him that his identity had been stolen. That is some scary , someone going around prentending to be you, what the !:nervous: |
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