Card transactions by proxy
lists at internetpolicyagency.com
Wed Apr 6 09:18:58 BST 2011
In article <4D9C186A.2090604 at callnetuk.com>, Peter Mitchell
<otcbn at callnetuk.com> writes
>> A friend in the USA gets his pay, just like I do, by bank transfer
>>from the employer. Except that a few months ago he discovered that it
>>was actually a sort of reverse DD: the employer had a cash flow issue
>>and just took back everyone's pay a couple of days after he'd paid
>>it! Does anyone know if that can happen here?
>Certainly it can, the employer simply tells the bank they have DD
>authority over those accounts. The bank doesn't check, any more than it
>checked Jeremy Clarkson.
Wouldn't the bank check to see if the employer was registered with them
for doing DDs *at all*?
Some employers would have DD arrangements in place to get money from
their [retail] customers, but its far from universal.
As a consultant, it does strangely appeal to me that I could do a DD on
a late-paying client's bank account (and wait for them to complain). But
somehow I don't think that's possible.
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