Quote:
Originally Posted by Sly
I sent a wire to the Netherlands two months ago. It was a big bank. My bank could not even find that banks existence, even after I provided them with a very large, detailed list of bank information about the Netherlands bank.
You think Bank XYZ in your city gives your details to Bank ABC in another city on the other side of the world? And then on top of that, you think Bank ABC should simply blindly trust Bank XYZ and ignore any laws that they may have to follow in their own country?
Also, if Bank XYZ is the "only important bank", why are you messing with Bank ABC? Why don't you simply have Bank XYZ process for your sites? Oh wait… it's because they won't.
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When I wrote the "only important bank" I meant that it was the bank that confirms you are really in business to begin with. It is the bank information that SHOULD provide enough proof and credibility that you and your business actually exists.
Billing companies ask for all sorts of info, which includes your banking info, server info, and more. In a world riddled with identity theft, it would seem that these redundant photo copied ID requirements can only make things LESS safe - especially for business owners.