Friday, April 10, 2009

Why the "Banks-only" Registrar Rule?


Banks serve us

We trust banks six times more than other institutions

Banks keep our money safe

Any bank can offer debit card, loans, savings

8,500 banks and nearly as many credit unions = systemic strength

1 comment:

  1. Banks are regulated and must follow stringent "Know Your Customer" (KYC) guidelines. This important rule prevents fraud scenarios such as discussed in a previous comment thread to an earlier post.

    ReplyDelete

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