> Anyway, I think it can be revealing to understand a
> sender-initiated-transfer system and do a comparison with a check-based
> system. The question of "why oh why" is almost inevitable :)
the big problem with sender initiated is that most such systems have no way to prove to a merchant that you have indeed sent the money until the money actually arrives (which at least in the uk takes days if the accounts are with different banks)

also sender initiated systems also often suffer from a high risk of errors and a difficult time recovering money if an error is made (a typo can mean your money can end up in the account of a third party who may not be particularlly willing to give it back).


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