Mercury Personal Banking

5 points by gregimba 157 days ago | 9 comments

prodigycorp 157 days ago |

Mercury's customer data breach was soooo damaging.

For those unaware, there was a breach at mercury that gave attackers the following information (from their site):

  - Business and Beneficial Owner Information:
      - Name(s)
      - Phone numbers
      - Addresses
      - Email addresses
  - Account Details:
      - Overall account balance
      - Business bank account numbers
      - Business EIN
  - Transaction Information:
      - Entities you transact with
      - Sender and receiver’s address
      - Account number
      - Transaction amounts

Despite all that, a web search does not reveal a post-mortem by Mercury. I don't know why you'd trust them.

bix6 157 days ago |

$240/yr what?

hardwaresofton 157 days ago | |

You’d be surprised how hard it is to find an API driven bank account. They might be able to charge this just fine, maybe they could charge even more.

Automating my bank account is definitely worth that to me, and probably others as well

[EDIT] aaaand in ~17mins I’m signed up and have put in a wire to fund the new account already.

Easiest decision I have made today. <$24 a month for an API to my bank is a price I am certainly willing to pay — I expect I’m not alone.

Well done Mercury.

stop50 157 days ago | | |

My bank has for nearly 3 decades an implementation of an standartised api banking API called FINTS. There are quite a few clients for that use the api, including the app of my bank on my phone.

TylerE 157 days ago |

Calling this banking is incredibly misleading as it is not FDIC insured. Not a bank.

wmf 157 days ago | |

"Access $5M FDIC insurance or more"

TylerE 157 days ago | | |

Only with multiple caveats.

The first line on the page is "Mercury is a fintech company, not an FDIC-insured bank.".

- Business and Beneficial Owner Information: - Name(s) - Phone numbers - Addresses - Email addresses - Account Details: - Overall account balance - Business bank account numbers - Business EIN - Transaction Information: - Entities you transact with - Sender and receiver’s address - Account number - Transaction amounts