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[–] 13 points 5 days ago (4 children)

So it’s banks stealing from both sides.

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  • [–] 9 points 4 days ago (1 child)

    Yes, but it's also a coordintion thing.

    Banks, businesses, and payment processors have to coordinate billions of payments a day and it's easier to do occasional reconciliation followed by an adjuted transfer for the net difference instead of a ton of individual transfers, most of which cancel each other out.

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