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Comment by swader999

3 years ago

Is there a record of 'what' was bought or transacted for?

No this is an Interbank transfer system not a merchant service

  • Let’s be entirely honest, it would be unreasonable to assume they aren’t going to log every bit of data they can.

    I don’t know why anyone would assume they aren’t going to link it with the IRS, and make it available to any agency that asks.

    If the plan is to offer a “money request” service and offer much the same functionality as Venmo, there will be a “for” line.

    Even with credit card payments now, they are coded at a minimum.

    Everything is logged always.