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A failure of security systems at PayPal is causing concern for German banks

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Re: A failure of security systems at PayPal is causing concern for German banks

#221

Post by qznc » Sat, Aug 30, 2025, 10:06 PM UTC

mastermage wrote: post #220

qznc wrote: post #196

Earlier quoted context omitted.

This is the first time I hear of „sunset“. Afaik it just is a layer on top and that’s it.

It's in the first paragraph on Wikipedia. Although I know that Wikipedia isn't always 100% correct so take that with a grain of salt. Quote: "Wero is a European mobile payment system that is intended to replace Giropay in Germany, Paylib in France,[1] Payconiq in Belgium[2] and Luxembourg, and iDEAL in the Netherlands."

You are right.

I was thinking about "SEPA" (more precisely "SEPA Instant") which is the layer WERO builds on.

Re: A failure of security systems at PayPal is causing concern for German banks

#222

Post by freetonik » Mon, Sep 01, 2025, 9:00 AM UTC

overdrive110 wrote: post #82

tnolet wrote: post #67

Earlier quoted context omitted.

Off topic: Venmo does not exist (?) in Europe land. What’s its appeal compared to PayPal or regular credit cards or even debit?

The Nordic countries all have bank-backed apps for instant transfers from a checking account indexed by phone numbers. It basically replaces every peer to peer transaction that would be cash in other countries (paying back a friend, buying something at a flea market, chipping in for a gift at the office...)

In Finland, bank-backed apps became less popular (and some even closed down), and MobilePay[1] became the most common way to send money around. I believe it's very similar to Venmo.

1. https://mobilepay.fi/

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