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BadCompany389123dplease explain.... i was once totally perplex as i learned about swift messaging, but i assume u mean smt else?
Codex40413257123dIBAN is just a bankaccount number system. The dutch bank system doesnt allow this type of transactions for example but we do have iBAN.
The way cheques work in the US is also pretty easy to commit fraud with (if it works a bit like in series and movies), but personally I've never seen a cheque because its not available in the Netherlands.
heyheni12704123dwhat signature? I never signed anything exept my bank card.
And as far as i know you can only send money when you have access to your personal bank account. Usually via ebanking or app.
simulate3084123dMaybe its just how my local bank works. There you can make a transaction by filling out a form:
- Reciever name
- Receiver IBAN
- Sender name
- Sender IBAN
- Sender hand-written signature
There could at least be some code you have to give with your transaction, basically the private key, to confirm that you are the owner of that IBAN and are allowed to send money from it.
a bank needs an order, this can be a written piece of paper, an post request from their site or an order over fints. this is verified by the bank and added to the order stack. at an static time all orders are sent over swift to the other bank. that processes the swift message and the money is there.
and zhe iban is an identifier, you cant get money so easy from an iban, because the sender bank verifies the transaction order, that can be a tan and/or math
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