The US financial system is dysfunctional. Fossilized and insecure transactions are made viable by dragooning bank staff into law enforcement activities. Meanwhile payday loan sharks rip off the unbanked, and rich people exploit various forms of regulatory arbitrage.
Lookup MOTO for credit card payments. I know, goes against everything you’ve been told about security, PCI, etc., but yes, it’s a thing. I hope it dies, but the world moves slowly.