Is it just me or has Stripe come out with like 4 new products in the last month?
Impending IPO?
“We still have no plans to IPO,” Collison said. [1]
[1] https://www.bloomberg.com/news/articles/2021-06-15/stripe-sa...
Stripe Reader
81–90 of 141 posts
Re: Stripe Reader
#82Is it my imagination, or do the offerings from Square and Stripe continue to converge?
I was curious and look up Square, they dont tend to go on news headline as much as stripe in tech circle.
I didn't know they went IPO, and they have a market cap of ~$100B. Wow.
Re: Stripe Reader
#83Visa has a product where businesses accept contactless payments on Any NFC-enabled Android phone[1]. I thought that might be something stripe go after instead of it's own hardware. Interested to know why. [1] https://usa.visa.com/about-visa/newsroom/press-releases.rele...
According to the video, it is end to end encrypted. So I could see it easier on PCI compliance if my phone never actually gets unencrypted credit card numbers.
Re: Stripe Reader
#84Visa has a product where businesses accept contactless payments on Any NFC-enabled Android phone[1]. I thought that might be something stripe go after instead of it's own hardware. Interested to know why. [1] https://usa.visa.com/about-visa/newsroom/press-releases.rele...
PIN on Glass is the endgame here, where any mobile device can effectively become a full featured payment terminal.
From experience there's still a large mental barrier from folks willing to process a payment on an individual's mobile device though. Some degree of separate physical widget provides more trust to the transaction.
/edit
Neat, it looks like the company I used to work for finally released their offering to the market.
https://markets.businessinsider.com/news/stocks/dojo-becomes...
Re: Stripe Reader
#85Earlier quoted context omitted.
The frontend (what authorizes the transaction with the card network, like Visa, Pulse, Star, Mastercard, etc) and backend (settlement bank that ACHes the cash around and usually takes the underwriting risk (unless the independent sales organization, eg: Stripe or Gravity decides to do this themselves)) are generally called a payment platform in the industry. This platform can get wrapped with many different payment t…
This is tangential but you seems really knowledgeable about the payments industry. Can you perhaps recommend some sources to understand how the payments infrastructure works (POS but also web/online/mobile)? I only seem to have a broad idea and would love to understand the nitty-gritty of it all!
This is a good overview of the landscape in the UK, though it's a little out of date.
Re: Stripe Reader
#86Earlier quoted context omitted.
With a value of $95B, they are the largest yc alum now. They can afford to invest in building lots of new products.
I am just dreaming - any big boys - Apple/Google/Amazon talking to them to acquire?
Isn't that a worst-case scenario? The last thing we want is mire consolidation in the tech industry.
Re: Stripe Reader
#87How do you enter a PIN code? i.e. Wholefoods accepts contactless payments and then guess what...you need a PIN code. I guess an app somewhere (like on a phone or iPad) needs to be handed over to you to do that...? I really dislike PIN code backed payments, the whole touchless/contactless experience should be as fast as paying for the "tube" in London with an Oyster IMHO
Pin is to be entered on the merchant's phone. The standard is called 'Pin On Glass' in the industry. Hope that helps :)
Re: Stripe Reader
#88Visa has a product where businesses accept contactless payments on Any NFC-enabled Android phone[1]. I thought that might be something stripe go after instead of it's own hardware. Interested to know why. [1] https://usa.visa.com/about-visa/newsroom/press-releases.rele...
The most common scenario in which I've made NFC payments to non-fixed points of sale is with street market stalls. Food trucks and the like.
There, vendors would prefer to have a cheap NFC terminal to take card payments than have to leave a much more expensive phone within public reach to take payments. Opportunistic thieves wouldn't find much value in an NFC terminal even if it isn't very cheap.
Re: Stripe Reader
#89How do you enter a PIN code? i.e. Wholefoods accepts contactless payments and then guess what...you need a PIN code. I guess an app somewhere (like on a phone or iPad) needs to be handed over to you to do that...? I really dislike PIN code backed payments, the whole touchless/contactless experience should be as fast as paying for the "tube" in London with an Oyster IMHO
It may be inconvenient, but the main point is to help prevent someone from emptying our bank accounts by merely stealing our debit cards or walking around with a contactless payment terminal in the tube.
Re: Stripe Reader
#90I don't really see what that bring compared to Stripe Terminal.
Other than the fact that it doesn't have a keyboard for typing PIN code, which makes the chip reader useless for many cards (all of them in France at least).