Re: ukcrypto digest, Vol 1 #2605 - 13 msgs

[Brian Beesley <[EMAIL PROTECTED]>]

On Saturday 30 October 2004 16:24, Roland Perry wrote:
> In article <[EMAIL PROTECTED]>, Ian G Batten
> <[EMAIL PROTECTED]> writes
>
> >I'm looking forward to Blunkett telling the banks that they will need to
> >shut down their ATM, call centre and on-line banking infrastructure, and
> >return to cash being available from the customer's own branch, at a
> >branch where they have an arrangement to draw or elsewhere up to the
> >limit of their cheque guarantee card.  I'm sure the population will be
> >pleased by this new improvement to their safety, too.
>
> My bank now has a "policy" of requiring separate (non bank-issued) ID
> for cash withdrawals more than £1000. No doubt some will claim this is
> illegal or immoral, if not fattening (to my wallet full of cards). But
> if we want banks to make sure that they don't give away money to
> impostors, perhaps we should ask how exactly we suggest they do that?

They can't, even with Blunkettcards, unless individuals present themselves 
for identification as a non-imposter. The point here is that the whole 
economic infrastructure of the developed world depends on remote transfer of 
funds. If even cheques can't be trusted (how does the bank know that I'm the 
Brian Beesley the cheque was made out to?) it looks as though the whole 
system is broken.

You either accept a certain amount of fraud or scrap the whole basis of our 
society.

Brian Beesley