30 Years of the Digest ... founded August 21, 1981
The Telecom Digest for May 18, 2012
====== 30 years of TELECOM Digest -- Founded August 21, 1981 ======
Telecom and VOIP (Voice over Internet Protocol) Digest for the
Internet. All contents here are copyrighted by Bill Horne and
the individual writers/correspondents. Articles may be used in other
journals or newsgroups, provided the writer's name and the Digest are
included in the fair use quote. By using any name or email address
included herein for any reason other than responding to an article
herein, you agree to pay a hundred dollars to that person, or email address
Addresses herein are not to be added to any mailing list, nor to be sold or given away without the explicit written consent of the owner of that address. Chain letters, viruses, porn, spam, and miscellaneous junk are definitely unwelcome.
We must fight spam for the same reason we fight crime: not because we are naive enough to believe that we will ever stamp it out, but because we do not want the kind of world that results when no one stands against crime. - Geoffrey Welsh
See the bottom of this issue for subscription and archive details and the name of our lawyer, and other stuff of interest.
Date: Thu, 17 May 2012 02:49:30 -0500 From: Frank Stearns <firstname.lastname@example.org> To: email@example.com. Subject: Re: BillPay Down, Online Banking Customers Crippled, Held Hostage Message-ID: <jI2dnfdJD5UXMCnSnZ2dnUVZ_jadnZ2d@posted.palinacquisition> John David Galt <firstname.lastname@example.org> writes: >> Bill Horne wrote: >>> I don't know if "Billpay" is a Paypal service, or something else. >On 2012-05-16 17:38, John Levine wrote: >> It has nothing to do with Paypal, it's a kind of service many banks >> offer in which you can tell them to pay a list of bills and they will >> do an electronic transfer if they know the recipient's account info, >> or mail a check otherwise. There are a couple of large providers like >> Checkfree who do this for a lot of banks. >Most of the places I spend money will take debit cards or (in the case >of utilities) generate an auto-ACH each month. So these services by >banks are redundant (and they tend to cost money while the >alternatives don't). The only check I still write each month is the >rent. Many bill-pay programs are free, but you might have to shop the banks or credit unions a little. The problem with a payee-initiated auto-ACH is that the payee can "pull" money from your account. That's fine, until there's a computer glitch on their end, or they don't want to let go (or have a back-office "oversight") when you switch to a different vendor and they wind up STILL pulling money from your account. Sure, you'll get it fixed eventually, but those messes can take a lot of time and trouble to straighten out, and in the meantime you might have hit overdraft situations. Ugly, no matter how you cut it. It's usually far, far better if YOU "push" money out of YOUR account; that way you're in control. And this is true even when you set up a bill pay to do a periodic "push". You still have the ultimate control and can stop a payment whenever it's appropriate. Frank -- .
TELECOM Digest is an electronic journal devoted mostly to telecom- munications topics. It is circulated anywhere there is email, in addition to Usenet, where it appears as the moderated newsgroup 'comp.dcom.telecom'. TELECOM Digest is a not-for-profit, mostly non-commercial educational service offered to the Internet by Bill Horne. All the contents of the Digest are compilation-copyrighted. You may reprint articles in some other media on an occasional basis, but please attribute my work and that of the original author. The Telecom Digest is moderated by Bill Horne.
43 Deerfield Road
Sharon MA 02067-2301
bill at horne dot net
This Digest is the oldest continuing e-journal about telecomm- unications on the Internet, having been founded in August, 1981 and published continuously since then. Our archives are available for your review/research. We believe we are the oldest e-zine/mailing list on the internet in any category! URL information: http://telecom-digest.org Copyright (C) 2012 TELECOM Digest. All rights reserved. Our attorney is Bill Levant, of Blue Bell, PA.
Finally, the Digest is funded by gifts from generous readers such as yourself who provide funding in amounts deemed appropriate. Your help is important and appreciated. A suggested donation of fifty dollars per year per reader is considered appropriate. See our address above. Please make at least a single donation to cover the cost of processing your name to the mailing list. All opinions expressed herein are deemed to be those of the author. Any organizations listed are for identification purposes only and messages should not be considered any official expression by the organization.