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Well, that's bloody stupid. How does that work?

(The UK system of account number/sort code does allow you to set up malicious direct debits against other people's accounts e.g. http://hoaxes.org/weblog/permalink/clarksons_account_gets_ha... - BUT the direct debit guarantee system is supposed to make them all reversible, and you can't DD to arbitary accounts, you have to be a verified merchant.)



All you need is a routing number and an account number to initiate a transfer of funds in either direction. PayPal and others use this as verification of account ownership by initiating a small deposit and withdrawal, prompting you for the amount.

No secrets involved.


Your credit card number is both your public key and your private key!

http://www.icanbarelydraw.com/comic/2702


That's a credit card number, whereas I was asking about bank transfers? And credit card transfers are supposed to be reversible in the event of fraud.




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