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Originally posted by beezzer
Originally posted by stanguilles7
Originally posted by beezzer
Has anyone considered with everything getting paid out electronically, what a "glitch" in the system might do?
Terrorist EMP?
Just a regular blackout from a storm?
Hackers?
Call me old fashioned, or just make me one ( ) but I prefer analog over digital sometimes.
An EMP could not take out an entire national or multinational computer database.
True. But it could take out everything in your neighborhood. As well as your account info.
Originally posted by neo96
There are millions of Americans who can't get a checkings or savings account so what about them?
1 The USA PATRIOT Act is a Federal law that requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. You will be asked to provide your name, address, date of birth, and other information that will allow us to identify you. You may also be asked to provide documentation as proof of identification. Approval of your request for a NetSpend Prepaid Debit Card requires passing our identification verification
Look at all the bank card fraud already. Now you are forced to give even more people/entities your bank card information. The more technological our money becomes, the easier it is to steal and that’s a fact. I think ID theft alone is responsible for over 50 BILLION dollars a year. And it's is all done "electronically".
Originally posted by stanguilles7
Originally posted by beezzer
Has anyone considered with everything getting paid out electronically, what a "glitch" in the system might do?
Terrorist EMP?
Just a regular blackout from a storm?
Hackers?
Call me old fashioned, or just make me one ( ) but I prefer analog over digital sometimes.
An EMP could not take out an entire national or multinational computer database.