261–270 of 427 posts
This will be interesting to watch. I'm hoping they have sandbox accounts!
Hey @baconomatic, founder here - we do have a sandbox built in so that you can test your scripts/programs first before running letting it touch your real money :)
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> It's easy to say that "Slack solves the problem of centralized team communication" or "eBay and Etsy help everyday people collect money off their trinkets, crafts, or useless old clothes". I would also say that if you'd told people about those problems thirty years ago, people might have responded 'but I can already communicate with my team using a conference call' and 'I can already sell items through the classifi…
Generally people think something's "broken" when they commission an app like Slack - whether it's UX, speed, price point, poor efficiency broadly... I mean, hell, what new inventions aren't done in the name of efficiency? It's a motivating factor for almost everything people in business do. As such, this seems like splitting hairs to me.
People asking about what problem this solves haven't been to South Africa or Zimbabwe which in some ways are ahead of the West in creating cashless societies. The biggest bank is a phone operator and people can send each other money over the phone and from what I understand this is very common. Also interestingly most phones aren't smart phones. It's mostly analog. Banks have a serious incentive to create and encoura…
"ahead of the West" Ahem, ahead of the US, really. Canada and the EU can be cashless already, with chip cards and direct bank withdrawal at the POS a reality for 99.99% of merchants.
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Random question but it really bugs me that FNB and I think most other South African banks still use SMS/Email based secondary authentication OTPs. Are you guys planning on using TOTP by any chance?
Hey spookyuser, yeah we do, i.e. Authy/Google Authenticator supported :)
People asking about what problem this solves haven't been to South Africa or Zimbabwe which in some ways are ahead of the West in creating cashless societies. The biggest bank is a phone operator and people can send each other money over the phone and from what I understand this is very common. Also interestingly most phones aren't smart phones. It's mostly analog. Banks have a serious incentive to create and encoura…
Let me counter with these facts about banking in South Africa: 1. Fees at most banks are high. (A basic account with no transactions typically have fees of several dollar per month). 2. If people are moving away from physical cash, its because of security concerns (theft and robbery), not liquidity. 3. Most transactions are done by credit card, debit order or Electronic Fund Transfer (EFT). EFTs are done between numb…
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Wasn't their example all about limiting the number of rides you can take? So at that point, you'd eventually be denying them, as I understand it.
> Uber card: Let’s say you give your daughter R500 pocket money each month, but you’re worried she might run out of money and be unable to afford an Uber home. So you write a little code and give her a Root card that a) gives her a limit of R500 per month, and b) lets her take as many Uber rides as she needs (enabling her to spend beyond the R500, but only for Uber) That's the one I was thinking of, note the "lets he…
I kid, the possibility of putting spending rules as code is neat.
At first I was wondering what I could possibly use this for, but as I sat and thought about it, I realized the possibilities are enormous. I'd like to know if the following are possible: 1. Forcing me to stay on budget, unless there's an emergency (perhaps allow purchases over budget after the third attempt). 2. Automatically distribute paychecks or other income into different accounts (some to retirement, some to sa…
With great power comes great responsibility. The number of times you say 'perhaps', 'unless', 'so if', or 'could' is so high that you would have to thoroughly review your code before trusting it.
But seriously, this looks really interesting, sign me up.
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Generally people think something's "broken" when they commission an app like Slack - whether it's UX, speed, price point, poor efficiency broadly... I mean, hell, what new inventions aren't done in the name of efficiency? It's a motivating factor for almost everything people in business do. As such, this seems like splitting hairs to me.
A very common criticism of new things is that they don't do anything new. I'm saying that "mere efficiency improvements" matter more than is commonly thought by people encountering something new.
Doesn't give me much confidence. Allgedly hacked & involved in a fraud case [1] [2]
[1] http://city-press.news24.com/Business/standard-bank-r300m-fr...
[2] https://businesstech.co.za/news/mobile/170629/major-sa-banks...