141–150 of 222 posts
What's so specific to German banks ?
Germany seems to actively resist to modernize on all electronic fronts. Banks still charge you for transactions and they take 24hrs plus while in other countries they are free for private accounts and within seconds. This lack on the market has made unregulated services such as PayPal big.
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This is an important concept. More you push to zero fraud, the more inconvenience you put on your customer. You can cut bunch of fraud if you only allow shipments to the billing address but then you inconvenience people who want to buy gifts, recently moved or have a vacation home. You can block all traffic from cloud providers but you'll end up blocking outbound proxies for people on military bases or corporate prox…
Personally I'd like to see a move away from just giving your card details to a website and having them charge it for whatever they want. Because it just ends up that stolen details go around and get used for fraud easily. Should be moving to a system where setting up payments with a new provider has them request access to charge you, and then on the bank app you approve it. Australia has this as a fairly new system c…
Individual merchants barely get any information from you this way, and have no way of even trying to charge you more later.
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front page?
Maybe, but it seems odd that someone would refer to a submission by a numeric ranking that changes constantly.
German, well West European, banks are slow in creating a competitor to Paypal, called Wero. https://en.wikipedia.org/wiki/Wero_(payment) I'm not implying they block Paypal because of that. It's good to have more competition and I wished my bank would take part.
Wero looks very much like a bureaucratic paper tiger to me. I do not know a single person that uses it despite the massive advertising campaign they are running. What really replaces Paypal in my everyday life is Revolut.
Of course nobody's using Wero now because the whole thing isn't really online yet, just a pilot program on a few websites with a few banks.
Earlier quoted context omitted.
This is an important concept. More you push to zero fraud, the more inconvenience you put on your customer. You can cut bunch of fraud if you only allow shipments to the billing address but then you inconvenience people who want to buy gifts, recently moved or have a vacation home. You can block all traffic from cloud providers but you'll end up blocking outbound proxies for people on military bases or corporate prox…
Personally I'd like to see a move away from just giving your card details to a website and having them charge it for whatever they want. Because it just ends up that stolen details go around and get used for fraud easily. Should be moving to a system where setting up payments with a new provider has them request access to charge you, and then on the bank app you approve it. Australia has this as a fairly new system c…
German, well West European, banks are slow in creating a competitor to Paypal, called Wero. https://en.wikipedia.org/wiki/Wero_(payment) I'm not implying they block Paypal because of that. It's good to have more competition and I wished my bank would take part.
The existing giro system is the real Paypal competitor. Most Europeans had access to Paypal-style money transfers before they had email. Merchants probably want to rely on another party to maintain their integration, but there is no real need for another centralized service similar to Paypal. (The U.S. really is an outlier among developed nations in that its giro system is not widely used, and many residents would no…
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Maybe it’s a better link, but I can only read the content if I accept their sharing my data with 180 partners.
Which is the same as many if not most of the other sites we regularly link to on HN. You just aren't told about it.
Also requiring acceptance from EU users would be a GDPR violation, I think? But it didn't ask me at all so I can't evaluate it well.
Earlier quoted context omitted.
Maybe, but it seems odd that someone would refer to a submission by a numeric ranking that changes constantly.
Hey I’ve seen people use email addresses as unique, immutable identifiers so who knows what crazy thing people will do.