
Faisal Khan
Contributor✓Banking & Payments Consultant
80s 🎧 | 📚 | Internet Junkie | 💵 | UNFAK | 🎷 | BTC | Vintage Collector | Arbitrageur | 🐱 Dad | Free Palestine 🇵🇸
Badges
Q&A Contributions
Answer to: Why don’t U.S. banks offer remittance services similar to Xoom’s?
Answer to: How does an international remittance transfer actually work step by step, and who are the parties involved?
Answer to: Are there U.S. banks that offer deposit accounts in foreign currencies such as EUR or GBP?
Answer to: Why are U.S. coins printed with the obverse facing upside-down relative to the reverse?
Answer to: Once I share my checking account and routing numbers for ACH, what stops someone from pulling funds without my consent?
Answer to: What does a fraud investigation or fraud management officer actually do?
Answer to: How does Western Union determine the purpose of transferred funds?
Answer to: How costly is it to launch a payments or mobile wallet startup?
Answer to: Will mobile phones remain just a tool to initiate payments, or will they become the primary payment instrument themselves?
Answer to: How can a system protect against password guessing attacks, and how do banks stop repeated PIN guessing on stolen cards?
Answer to: Why is the value of the U.S. dollar falling in Pakistan?
Answer to: In banking, what does the abbreviation DFV stand for?
Answer to: Do remittance providers require exclusive agreements with their international partners or agents?
Answer to: Where can I obtain data on the total volume of money moving through international remittance pathways?
Answer to: Where can I access the official NACHA (ACH) specifications?
Answer to: Why don’t mobile network operators make better use of spare capacity on home Wi-Fi routers to improve their networks?
Answer to: How did Quora manage to attract so many subject-matter experts to the platform?
Answer to: How do money transfer firms like Xoom and Western Union operate behind the scenes?
Answer to: SWIFT/MT940: How can the closing balance date be determined when MT940 reports arrive in multiple pages and sequences around midnight?
Answer to: What is the best way to transfer money from the U.S. to Pakistan?
Answer to: Can companies place a memo-post on an account—via ACH or other means—before the actual funds arrive?
Answer to: Can a non-bank institution move money from one person’s bank account to another person’s bank account?
Answer to: Why is PayPal not available in Pakistan?
Answer to: Why has PayPal failed to become the universal standard for internet payments?
Answer to: How would you describe Bitcoin in simple terms to someone with no technical background?
Answer to: Why have credit card dimensions been standardized at about 86mm by 54mm?
Answer to: How can I purchase Bitcoin?
Answer to: If the U.S. heavily regulates Bitcoin, would it create opportunities for other countries?
Answer to: Why hasn’t PayPal introduced its own virtual currency?
Answer to: Why do traders feel uncertain or nervous when markets continue climbing?
Answer to: What has been your experience using 2Checkout for accepting online payments?
Answer to: Can I set up an online store that accepts international credit and debit cards?
Answer to: Does the Ripple Gateway alter the way Bitcoin or other cryptocurrencies are transferred?
Answer to: In what ways might Bitcoin change the world?
Answer to: Why does the IRS treat Bitcoin as property while FinCEN treats it as a form of currency?
Answer to: As a tourist in San Francisco, can I simply walk into a bank and open an account?
Answer to: What steps are needed to build a CCAvenue-style payment gateway in India, and what functions does a gateway perform?
Answer to: What must a startup do to become a Payment Gateway, ISO, or PSP, and what risks are involved in taking on these roles?
Answer to: Are there any countries that are close to being cashless, relying mostly on digital payments and cards, and will this trend continue?
Answer to: Why do U.S. banks ask customers to explain why they are withdrawing funds?
Answer to: How could a brand-new retail bank be designed today to outperform incumbents like Bank of America and Chase, including which less-obvious features to add or omit?
Answer to: If Bitcoin aims to decentralize finance, why did financial systems become centralized in the first place?
Answer to: In what respects are credit cards superior to cash or checks as payment tools?
Answer to: How do contactless payment cards function in practice?
Answer to: In what ways is Moven’s banking service different from Simple, GoBank, and Bluebird?
Answer to: Given today’s instant digital world, why can’t online bank payments be credited to the recipient immediately, and why do legacy rules still apply?
Answer to: What are the biggest user-experience challenges facing mobile wallet products?
Answer to: How do Swiss banks handle and use the funds deposited by their clients?
Answer to: Does the World Bank impose interest on the loans it provides?
Answer to: What is the distinction between a clearinghouse and an exchange?