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Europe's $24T Breakup with Visa and Mastercard Has Begun

europeanbusinessmagazine.com

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Re: Europe's $24T Breakup with Visa and Mastercard Has Begun

#871

Post by netfortius »

MonkeyIsNull wrote: post #2

Nothing in France takes Discover, and my bank decided to go with Discover about 6 months ago. "Great" decision, thanks.

I thought the same, when my US bank (capital one) decided to change my debit card to their newly acquired Discover network. Sure enough, CIC and La Poste accept it for cash withdrawals, which preserves the advantage of great exchange rate, and no currency exchange fees (unlike wise, for example). Credit cards seem to stay on Mastercard (e.g. capital one) and visa (e.g. Chase), so still some life left with those, also. Wish the European solution will eventually have a rewards/points system, to bring it up to par with the US cards.

Re: Europe's $24T Breakup with Visa and Mastercard Has Begun

#872

Post by netfortius »

yardie wrote: post #23
MonkeyIsNull wrote: post #2

Nothing in France takes Discover, and my bank decided to go with Discover about 6 months ago. "Great" decision, thanks.

My wife found out her new card was Discover debit card right before her trip to France. Her bank sent her a new card unrequested. In an abundance of caution she activated the new card which automatically cancelled her debit Mastercard. Then when she landed in CDG found the new card didn't work anywhere.

For debit only she can use CIC or La Poste. They happily accept Discover, and they're everywhere in France.

Re: Europe's $24T Breakup with Visa and Mastercard Has Begun

#873

Post by ksimukka »

lovelesscx wrote: post #711
Coeur wrote: post #165

Not sure Wero will succeed, but European country-specific mobile payment systems like Swish (Sweden), Vipps (rest of Scandinavia), Bizum (Spain), iDeal (Netherlands), Bluecode (Germany and Austria), Twint (Switzerland), BLIK (Poland) etc. are also working on interconnectivity under the EMPSA association. Combined they already have 110+ million users. Wero is like a monolith, while EMPSA is more like mobile phone roam…

One problem I see with some of the EMPSA systems, is that if you're a developer and - if you don't have a company behind you, you're pretty much shit out of luck trying to integrate any of these payment solutions. That have at least been my experience, trying to integrate Vipps in Scandinavia.

What was your experience like trying to integrate with Vipps?

Re: Europe's $24T Breakup with Visa and Mastercard Has Begun

#874

Post by ksimukka »

tokai wrote: post #861
Coeur wrote: post #165

Not sure Wero will succeed, but European country-specific mobile payment systems like Swish (Sweden), Vipps (rest of Scandinavia), Bizum (Spain), iDeal (Netherlands), Bluecode (Germany and Austria), Twint (Switzerland), BLIK (Poland) etc. are also working on interconnectivity under the EMPSA association. Combined they already have 110+ million users. Wero is like a monolith, while EMPSA is more like mobile phone roam…

>Vipps (rest of Scandinavia) This is wrong.

Vipps MobilePay is in Norway, Finland, Denmark, and Sweden.

That is almost all Nordic countries, and all of Scandinavia.

Re: Europe's $24T Breakup with Visa and Mastercard Has Begun

#875

Post by ap99 »

porknbeans00 wrote: post #773
severino wrote: post #135

Whatever they come up with, I hope it doesn't tie you to a Google or Apple smartphone. Can't we have cards for this? In Spain, for example, to use Bizum, you need either an Android/iOS smartphone (and for the Android case, as you use it from your bank's app, it would typically require some Google security assurances - so no Huawei phones allowed, for example) or logging into your bank's website and use Bizum from the…

So... there once was a company called First data. Founded by some JPMC execs who got chased out of the bank after being caught performing espionage for Palantir. They sold their transaction platform as a service to Apple Pay. And funneled all your transaction data to palantir. Financial networks are side channels for intelligence gathering. And that makes the folks doing them outside of your nation an adversary. With…

How has the US become an enemy of western democracy in Europe?

Re: Europe's $24T Breakup with Visa and Mastercard Has Begun

#876

Post by close04 »

hilios wrote: post #646
joe_mamba wrote: post #375

Earlier quoted context omitted.

[flagged]

>Didn't really stop them passing whatever rules they wanted during Covid, did it? >Or today with Russia and Ukraine situation. Sure is convenient that we keep having more and more crisis and boogiemen that governments can leverage to deflect accountability and bypass the wishes of the population, for our own good of course. >Why do you think Germans supported to tie themselves to Russia's gas and destroy their nuclea…

Two things can be true. While the user you're replying to has a weirdly focused agenda and insistence, some of the points raised are definitely valid.

I do not agree with the overall conclusion that "EU bad". But there are some pretty bad things going on, and the trend is definitely concerning. If you wait until you're on fire, you waited for too long.

Re: Europe's $24T Breakup with Visa and Mastercard Has Begun

#878

Post by ap99 »

lostlogin wrote: post #261
graemep wrote: post #194

Earlier quoted context omitted.

Its not just American tourists. Its everyone from everywhere. If you do not accept Visa and Mastercard you are not going to accept payments from all sorts of travellers (tourists, business people, people from your own country living abroad) either. > I guarantee there are a large number of people in rural Europe that would be very happy never to meet another American tourist, even if it costs them. Xenophobic or anti…

> Xenophobic or anti-tourism? Opposed to what America has become.

I wouldn't say enforcement of law is inherently either one of those.

If I went to another country and broke the law, got arrested - should I call that country xenophobic/anti-tourism/racist?

Re: Europe's $24T Breakup with Visa and Mastercard Has Begun

#879

Post by whompyjaw »

sharklasers123 wrote: post #423

The use of a phone number rather than a username seems like a BIG downside. I’ve moved countries several times and as a result been forced to change my number several times. This causes a huge headache with any service that relies on phone numbers, especially two-factor etc. Phone numbers should be thought of as ephemeral while usernames can persist.

Ya i thought this as well… seems like a bad idea. I get that most ppl keep their phone number. Maybe better to let ppl just use their number than everyone creating an account? Idk..

But now i think of it… how does Visa and MC do it? Cuz i dont have a username or phone nber with them (i know they have my number). But i havent switched my number, so maybe if i did, i would have an issue?

Re: Europe's $24T Breakup with Visa and Mastercard Has Begun

#880

Post by pb7 »

rob74 wrote: post #714
the_fall wrote: post #577

Earlier quoted context omitted.

35 years ago, a good chunk of the current EU was under a Soviet-imposed totalitarian rule. Spain was a dictatorship until 1975. And it's been just 80 years since WWII. It always boggles my mind that most Europeans are absolutely convinced that nothing like that could ever happen again. Meanwhile, many people in the US are convinced that the government will be coming for them any minute now.

> Meanwhile, many people in the US are convinced that the government will be coming for them any minute now. It's a bit ironic that most of those people voted for Trump, who is now doing exactly that. But I guess they think it's ok as long as the government is coming for others, not for them (at least not yet)...

While I love the premise that he is choosing arbitrary groups to go after and we just haven't been chosen yet, no, he campaigned on this and was elected for exactly this. This is what the people want.
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