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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

#951

Post by _carbyau_ »

tjwebbnorfolk wrote: post #606
_carbyau_ wrote: post #542

Earlier quoted context omitted.

As a person who lived for a long time in a political capital I was so frustrated with news articles titled like this. "[City] decides [XYZ stupid thing]!!!" No! We in the city didn't decide it - our responsibility is limited to our political representative. Everyone else voted in idiots and sent them here to decide idiot things!

This is a common literary device in wide use everywhere. No one is saying that YOU PERSONALLY did something just because you live in a place. Chill out.

That works until you are speaking with people who literally ask why our city is deciding so much stupid stuff. Recall average intelligence and how many people are dumber than that.

The media shape perception but they don't help with critical thinking...

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

#952

Post by tjwebbnorfolk »

_carbyau_ wrote: post #951
tjwebbnorfolk wrote: post #606

Earlier quoted context omitted.

This is a common literary device in wide use everywhere. No one is saying that YOU PERSONALLY did something just because you live in a place. Chill out.

That works until you are speaking with people who literally ask why our city is deciding so much stupid stuff. Recall average intelligence and how many people are dumber than that. The media shape perception but they don't help with critical thinking...

When the media say "Pentagon" is attacking Iran, there's just no level of mental acrobatics you can do to ever arrive at the idea that the actual physical Pentagon building is growing arms and legs and traveling to Iran.

If you truly believe this is a real problem then you need to turn off your internet and touch grass.

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

#953

Post by pimeys »

ignoramous wrote: post #470
xyzzy123 wrote: post #431

Earlier quoted context omitted.

If you work on mobile apps you will notice that full attestation is too slow to put in the login path. [This might be better than it used to be, now in 2026]. I don't think a good security engineer would rely on atty as "front line" anti brute force control since bypasses are not that rare. But yeah you might incorporate it into the flow. Just like captchas, rate limiting, fingerprints etc and all the other controls…

> you work on mobile apps you will notice that full attestation is too slow to put in the login path Hm, Play Integrity isn't that slow on Android, from my experience. > don't think a good security engineer would rely on atty as "front line" anti brute force control since bypasses are not that rare I'm not privy to device-wide bypasses of Play Integrity that ship with Trusted Execution Environment (which is pretty mu…

> Insulin monitoring apps

Funny that you say that, but the so far best artificial pancreas that is completely free and open source will soon be much harder to install to any Android phone without every user getting a valid key from Google.

In Germany, doctors even recommend these tools if they work. Because they make patients who know what they are doing healthier and more safe.

Naturally me and hundreds of other diabetics have already contacted our EU representative due to the changes Google is planning to make in their platform.

https://androidaps.readthedocs.io/en/latest/

This tool has literally saved my life.

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

#954

Post by pimeys »

robocat wrote: post #500
gdulli wrote: post #309

Earlier quoted context omitted.

Credit cards provide convenience and cash back benefits. Some might prefer to pay cash for everything for ultimate privacy, and that's fine. But credit cards are the compromise I make. I can still pay cash when I think it's appropriate for a given transaction. Using Google or Apple Pay so I can tap my phone instead of my card gives me no extra benefit that I care about and complicates my ecosystem with another party.

> cash back benefits Only in the U.S. In many other countries the processing fees are regulated by the government so the banks can't afford to give you your "cash back".

Yep. In Germany credit cards are a nuisance for banks. If you want one with cash backs and easy chargeback functionality, you are free to pay 60€ a month for an American Express Platinum card that works exactly nowhere in EU.

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

#955

Post by pimeys »

usrusr wrote: post #779
bjghknggkk wrote: post #176

Earlier quoted context omitted.

Show me a german webshop that supports modern payment methods. It usually old school bank transfers still.

You must frequent a very interesting subset of German web shops then. Yes, some do offer bank transfer (many don't because latency is just so terrible), but I've never seen credit card not on the list. Perhaps with the exception of credit card available only through some intermediary like PayPal (which I tend to prefer over direct credit card, I don't really like spreading my CC details to servers of questionable mai…

It is quite recent though, but the webshops do all accept credit cards, most of them even use stripe for payments.

Now, of course our corner shop appliance store still only accepts cash. It was fun to pick up cash from multiple ATMs and pay 1500€ with a pile of 20€ bills a few months ago.

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

#956

Post by pimeys »

moffkalast wrote: post #770
deeringc wrote: post #757

Earlier quoted context omitted.

Instant SEPA is free - see Instant Payments Regulation (IPR) — Regulation (EU) 2024/886.

Hmm does instant SEPA differ in some way from the regular kind? I just checked and my bank still lists 0.4-1.1€ per external transfer. It's the national bank so I presume they're not likely to be in breach of EU regulations.

Mine did too a year ago or so still (N26). Now they are free due to it being mandatory in EU.

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

#957

Post by wqaatwt »

joe_mamba wrote: post #759
pjc50 wrote: post #754

Earlier quoted context omitted.

Moreau is apparently a Russian citizen living in Russia since 2013. I have some concerns about process, but not for these guys. People working for enemy intelligence services tend to get treated harshly.

>Moreau is apparently a Russian citizen living in Russia since 2013. Is he not still a French born citizen deserving of a fair trial? Or should getting a dual citizenship of a foreign passport, of a nation that later becomes an adversary, become an automatic death sentence? US should then put all it citizens with Cuban and Iranian passports in jail with that logic. And then what about Jacques BAUD who's Swiss living…

Presumably he’d get an opportunity for a fair trail IF he decided to come back to France. Or do you want him to be tried in absentia?

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

#958

Post by ksimukka »

Sharparam wrote: post #909
ksimukka wrote: post #874

Earlier quoted context omitted.

Vipps MobilePay is in Norway, Finland, Denmark, and Sweden. That is almost all Nordic countries, and all of Scandinavia.

Caveat that Vipps support in Sweden is severely lacking compared to the other countries where it's the main system in use.

We need the Swedish banks to open up.

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

#959

Post by Cyph0n »

pseudony wrote: post #721
Cyph0n wrote: post #442

Earlier quoted context omitted.

I agree 100%. Europe is just ahead of us for the time being, but our turn is soon approaching...

You may say that, but last I checked, we don’t get stopped and shot in the streets by masked goons on government payrolls.

Sure, but I am talking about government-mandated surveillance through legislation.

Also, your police aren’t afraid to go the extra mile to quash dissent. Look at what’s happening in the UK for example with Palestine Action. The only difference is that they are less armed and better trained.

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

#960

Post by hocuspocus »

MrDresden wrote: post #933
hocuspocus wrote: post #795

Earlier quoted context omitted.

Completely false. They don't apply to 3-party systems.

Not correct. I was there, inside a EEA region bank, as Amex was pulling out due to the fee structure coming online in 2018.

Co-branded Amex cards essentially became considered no different than 4-party cards and stopped being exempted from the cap interchange in 2018. Nothing changed for Amex proper. How would you even define interchange when it's indistinguishable from the scheme fee?

There's a reason every European PSP charges 2-4x higher fees with Amex cards.

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