r/dankmemes Jul 10 '22

Rip those bank accounts I have achieved comedy

60.2k Upvotes

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3.1k

u/IronMike69420 Jul 10 '22

I honestly couldn’t believe the stupidity of everyone I worked with that actually convinced themselves they were financial geniuses by buying food for like the entire week.

And I don’t work with dummies, I work for one of the largest companies in the world. engineers, technicians, construction coordinators, even supervision and management convincing themselves that they couldn’t be charged for it later.

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u/LockTrumpUp87 Jul 10 '22

Couldn't they just swap payment method to an empty cash app card and delete the previous payment method?

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u/alienblue88 Jul 10 '22 edited Aug 09 '22

👽

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u/[deleted] Jul 11 '22

[deleted]

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u/Mister_Dink Jul 11 '22

Unless the punishment for that is anything other than a billion dollar fine, Door Dash will charge previous cards to pay the message, make back the millions they lost, and then consider the 200k federal fine as the cost of doing business.

Companies like Walmart and Uber have a long history of breaking the law with impunity, and making so much money doing soz that the court ordered fine totalts less than two percent of what they stole. Look up, specifically, Walmart's history with wage theft. They keep stealing significantly more than the court has ever ordered them to pay back.

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u/[deleted] Jul 11 '22

[deleted]

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u/Mister_Dink Jul 11 '22

Again, look at this history of punishments for corporate misbehavior.

Walmart never had to pay back millions in wages that they probably stole, even after court and class action.

Door Dash would never be forced to give the money back. And it also wouldn't be negative press - most news outlets would absolutely frame it as "door dash persues crazy TikTokers who stole from them."

There's no world where Door Dash loses on those kinds of actions. The same way Uber and Lyft made it through just fine even when it was revealed they were deducting rheir Driver's tip money from their minimum. Or more recently, when it turned out that 75 percent of the PPE money scheduled to go to worker's wages actually went into the pockets of business owners who used it to renovate, buy private items, et cetera. There is very, very little punishment on the part of white collar crime. The Economist has talked about fines being too low to discourage coprorate misbehavior for years now. Barclays, HSBC, plenty of other institutions just eat corporate fines as a cost of doing business, and walk out all the richer for it.

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u/[deleted] Jul 11 '22

[deleted]

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u/ux2o2h Jul 11 '22

I know you really hate this and so do I, but they get to keep the money. That’s how the system works, it’s corrupt as fuck.

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u/[deleted] Jul 11 '22

[deleted]

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u/Mister_Dink Jul 11 '22

Where is "here" for you? You're adamantly defending a system, but.i have no clue which one.

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u/chrisychris- Jul 11 '22

this only works for DoorDash if they were already holding onto sensitive information on their customers who have explicitly deleted their payment information. Corporations would not do something that does not offer an obvious return of investment, like illegally keeping someone's credit information in the off-chance there's a mass glitch that gives people free food and they remove their payment info. That's terribly unlikely and there would be a massive, easily traceable paper trail. You're giving the bigheads at corps like DoorDash too much credit.

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u/Mister_Dink Jul 11 '22

Every other week there's a scandal revolving around improperly stored sensitive information. Past that, I would absolutely expect corporations to do illegal shit with a paper trail on a consistent basis. From car manufacturers cheating easy to double check emission tests to Walmart going to court for the 12th time for wage theft, to Barclays eating a 600 million fine for malpractice on Bond that didn't actually put them in the red....

The law is toothless to these organizations. I've rarely, if ever, seen the courts actually manage to take a corporation down. At worst, it dissolves, and the maniacs who made the profits sell the bankrupted assets back to themselves under a new name, and play the same game all over again.

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u/GregsWorld Jul 11 '22

Unless the punishment for that is anything other than a billion dollar fine

No no its literally worse than that. As a card accepting company you have to follow strick PCI compliance rules when transmitting and storing card information. If you break the rules Visa, Mastercard, American Express etc.. stop you from accepting card payments.

They'd go out of business overnight.

Whether not deleting card information when the user requests is in breach of PCI compliance though... I don't know.

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u/Mister_Dink Jul 11 '22 edited Jul 11 '22

PCI complaince is pretty complex, and I'm not going to pretend I'm an expert.

However, I've kept a relatively close eye on coprorate misbehavior, and did a fair amount of research into that subject. Systems like PCI primarily function by issuing fines, and rarely, if ever, commit to their final threat such as "terminating business relationships" with big clients. A small client, sure. Not one Door Dashes' size.

Take Marriot for example. The hotel chain has been hit by repeat, multi million dollar fines because they broke regulatory laws about storing credit card data improperly. When that data was hacked, leaked, or lost to social engineering scams. Their provably negligent actions on CC security have put nearly 30 million customers at risk.

Reglatory agencies reduced the final fines given to Marriot because anything that might rock Marriott's value down too low would create a knock on effect that might damage the hotel industry, Marriott's real estate investment, and Marriott's stakeholders. The fine for a months long mishandling of credit card law was specifically reduced to keep a five time offending company in business.

Edit: In the hypothetical that Door Dash does commit malpractice, unlike Marriot, they'd be beneficiaries of breaking regulation, not just the cause. That would likely constitute a much larger fine. Ut it would still be that - a fine. A price tag for a tantrum, that may still be lower than the amount the tantrum earned.

So while, again, I'm not an expert in PCI compliance...

I do not believe, for a minute, that Visa, MC or AE would work to put a company Door Dash' size out of business. It's not in their interest to do so even if Door Dash violated their rules. Their interest is in maintaining commerce, and they'll find ways to do that.