Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

lesnumeriques.com

Post reply on HN
Print view View original

61–70 of 811 posts

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#61

Post by swed420 »

simonask wrote: post #35
gsky wrote: post #4

I'm pretty sure American gov won't react kindly

Who cares at this point. Nothing has ever managed to unite Europeans as effectively as the orange man’s unrelenting torrent of temper tantrums over the past year and a half. Americans, we know some of you aren’t crazy. Can’t wait for the grown-ups to be in charge again, but in the mean time we’ll be moving on.

> Who cares at this point. Nothing has ever managed to unite Europeans as effectively as the orange man’s unrelenting torrent of temper tantrums over the past year and a half.

> Americans, we know some of you aren’t crazy. Can’t wait for the grown-ups to be in charge again, but in the mean time we’ll be moving on.

Assuming by "grown-ups" you mean Team Blue, then you'll be disappointed, because they manufactured consent for "orange man" every step of the way. People are too easily fooled by the good cop / bad cop routine, which is why it's continuously deployed.

We have a uniparty with red and blue facades whose illusion apparently even pervades overseas. Buckle in for disappointment no matter where you live. As if your country doesn't have similar power struggles.

It's capital interests against everybody else. Always has been. "Lesser of two evils" is still evil.

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#62

Post by whizzter »

Shalomboy wrote: post #45

I'm legitimately curious how these American payment companies held onto their worldwide dominance for so long. I'm used to seeing the sign at restaurants of all the other cards they accept, but for so long I've only ever seen Amex, Discover, Visa, and Mastercard in folks' hands.

Bank deals, especially in Europe where debit cards is more popular than credit the issuing banks preferred deals largely dictate what network you'll be on.

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#64

Post by kccqzy »

mcv wrote: post #43

Wero is basically an EU-wide version of the Dutch iDeal system, which in my opinion is the gold standard of how internet payment should work. I shouldn't have to fill in any card numbers on the site of the merchant (which is unsafe). Instead, the payment should redirect me to my bank, where I authorize the payment through my own bank's security system. I've always been annoyed by the need to type in sensitive card in…

There is a 3DSecure system for existing Visa, Mastercard, and American Express. After typing your card numbers, the transaction doesn’t immediately go through but you are also redirected to the bank’s system. Banks can ask you to use a hardware token, an app, or any other second factor to approve the transaction.

It’s a shame that this system isn’t ubiquitous for the rest of us not in EU.

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#65

Post by gnfargbl »

kome wrote: post #34
petcat wrote: post #13

> A Frenchman using Wero will be able to transfer money to a Spanish friend on Bizum, with the same simplicity as a domestic payment. Have you seen the new money app? It's on Tubu. It's on Weeno. I'm on Dippy but my friend is on Poob. Poob has it for you.

ahahah! so true. those names are silly. also, French and Spanish can already send money for free via IBAN / SEPA

Ah yes, Pierre will surely have no issues paying for his baguette et croissant by filling in the boulangerie's IBAN on his mobile phone and waiting 15 minutes for them to check receipt.

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#66

Post by heffer »

atonse wrote: post #30
petcat wrote: post #13

> A Frenchman using Wero will be able to transfer money to a Spanish friend on Bizum, with the same simplicity as a domestic payment. Have you seen the new money app? It's on Tubu. It's on Weeno. I'm on Dippy but my friend is on Poob. Poob has it for you.

LOL thank you domain squatters. I can't think of any other reason why startups often always have the most ridiculous names.

I don't think it explains the "cat walks on keyboard" brand names for cheap Chinese goods on Amazon.

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#67

Post by Spinfusor »

mcv wrote: post #43

Wero is basically an EU-wide version of the Dutch iDeal system, which in my opinion is the gold standard of how internet payment should work. I shouldn't have to fill in any card numbers on the site of the merchant (which is unsafe). Instead, the payment should redirect me to my bank, where I authorize the payment through my own bank's security system. I've always been annoyed by the need to type in sensitive card in…

This is one of the reasons I opt for PayPal in the US when I have the choice. I've been in too many breaches. Direct to bank would be better, but I trust PayPal's security more than a random ecommerce website's security.

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#68

Post by IndianHandwash »

mcv wrote: post #43

Wero is basically an EU-wide version of the Dutch iDeal system, which in my opinion is the gold standard of how internet payment should work. I shouldn't have to fill in any card numbers on the site of the merchant (which is unsafe). Instead, the payment should redirect me to my bank, where I authorize the payment through my own bank's security system. I've always been annoyed by the need to type in sensitive card in…

I'm annoyed by redirects that won't work if you set a different default browser or incognito mode as default for new tabs. Total BS.

Card numbers just work.

Also, payment "apps" that pack their own web engine and need 300-500 megs D/L, plus refuse to run on rooted / "unvetted" systems. No fucks given! Go away, give a browser and numbers.

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#70

Post by mytailorisrich »

mcv wrote: post #59
mytailorisrich wrote: post #38

Earlier quoted context omitted.

What's the benefit of this over contactless payments?

It works over the internet.

How does it work when you need to pay for something in person? (what contactless is for)
Post reply on HN