531–540 of 811 posts
I think the headline is misleading to the point of being childish. It describes a consolidation of _online_ payment systems that are currently quite fragmented in the EU. It does nothing about in-store payments. Direct debit cards (10x as popular as credit cards in the EU) are often still MC/Visa powered, and the fastest way to pay contactless (even if that is via Apple Pay).
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.
Amex is not very popular in Europe. Discover... I am not sure, not that much. Visa and MasterCard are everywhere though
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…
> 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. For some reason, most Dutch people are convinced that the way things work in the Netherlands is the gold standard of how things should work in general, and are very hostile to solutions from other countries even if those solutions are better by any sensible metric. This is es…
Don't forget that the banking world is still under a lot of pressure from the various government (systemic risk assessment for example) and the stakeholders. It's a mess!
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> Euro is pronounced "you-ro" This in not true for everywhere that uses the Euro, unsurprisingly because that encompasses a large linguistic area. I know for a fact France doesn't pronounce it that way.
In France it's pronounced "uh row"
I think the headline is misleading to the point of being childish. It describes a consolidation of _online_ payment systems that are currently quite fragmented in the EU. It does nothing about in-store payments. Direct debit cards (10x as popular as credit cards in the EU) are often still MC/Visa powered, and the fastest way to pay contactless (even if that is via Apple Pay).
“balkanized” is offensive term
That said I picked it up from Steve Jobs talking about cable networks in the US.
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I’m 50. All startup news looks like this: “Payments via Zoosha? K-smog and Batboy launch new startup.”
It's better than that trend of taking English words and removing the final vowels before "r" or some other consonant.
- Mike, co-founder of MoistAI
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It's better than that trend of taking English words and removing the final vowels before "r" or some other consonant.
Or adding "-ly" at the end. "Just use Cashly!" "Download Crditly"
I think the headline is misleading to the point of being childish. It describes a consolidation of _online_ payment systems that are currently quite fragmented in the EU. It does nothing about in-store payments. Direct debit cards (10x as popular as credit cards in the EU) are often still MC/Visa powered, and the fastest way to pay contactless (even if that is via Apple Pay).
Online and in-store payments will follow in 2027, as per the article
Earlier quoted context omitted.
What about authentication? I remember living in Belgium this was the case, and I always had to go and find that stupid physical barcode reader that I then had to hold against the screen, sign in with my debit card, PIN, enter the Euro amount, and then sign the transaction. Now that I live in the USA, I have my credit card number in Bitwarden, with expiration date and CVC. When I want to buy something, I let it autofi…
> I remember living in Belgium this was the case, and I always had to go and find that stupid physical barcode reader that I then had to hold against the screen, sign in with my debit card, PIN, enter the Euro amount, and then sign the transaction. I can't talk about Belgium but from what I've read, the dutch iDeal system requires nothing of the sort. It seems to act as a broker between your bank and the business, an…