221–230 of 242 posts
Earlier quoted context omitted.
> We could have had EPC QR codes and similar completely free technologies instead. Technically you can anyway, I used that a few months ago. Bank app support is the big impediment ( https://epc-qr.eu/bankreviews/ )
We don't support shit until the regular strongly suggests we do and then it takes about three years to do pretty much nothing, but perfectly on time (not on time actually, ts' a lie)
Decathlon is pretty neat and technologically advanced actually, so not surprising news for them to adopt Wero. In eastern European stores they use RFID for every product, so you just throw stuff in a bin without scanning and can self check faster than usual self scan. Well I have not tried throwing in a bike in a bin or a dumbbell, but I presume it works for 99% of stuff. Curious what they pay for RFID, last I checke…
Not just Eastern European stores, they do it in France (it's a a French company) and India too. First time I saw it was in India, it was very impressive. They also have a lot of vertical integration, they manufacture many of the products they sell.
If you're familiar with labor disputes around Decathlon, i think a more fair representation is they get other people to manufacture it for them, in what some NGOs call human trafficking / modern slavery.
Wero is such a valuable asset for Europe and couldn't have come at a better time. It's built on the excellent SEPA system, which standardized bank transfers and "Lastschrift" in Europe. SEPA itself got a huge upgrade last year with mandatory instant transfers that cannot cost more than standard transfers between European checking accounts. Both of those allowed Wero to happen as a final abstract top layer, meaning: t…
The real european alternative is the research project Taler https://taler.net , wero looks like another attempt at big tech to capture the market and force you into android/iphone hell.
Wero shows that marketing is everything. It's just regular bank transactions with a much larger fee. We could have had EPC QR codes and similar completely free technologies instead.
Paying by SEPA direct debit in a store checkout situation seems insane. Even with instant payments it can take 20 seconds which is too long. Add to that the fact that users need to log into their online banking and the unfair leveling of risk onto the consumer.
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I think EU citizens are excited mainly because of winning back their digital sovereignty, nobody said this would be cutting edge technology. Actually the simplicity of the solution is key (Wero is based on EU’s proven SEPA Instant Payment rails). That being said, what I do not like about Wero is that some parts of the infrastructure is based on AWS and or Google cloud; hopefully they will switch to European clouds, s…
I wouldn't count on that, in-order to provide rock solid financial service, you definitely need a reliable cloud provider. There is no true equivalent in EU for a cloud provider like that at the moment
https://www.heise.de/en/news/Sovereign-payment-service-Wero-...
This is not true, it has been available on the Belgian website (decathlon.be) for months.
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Hacker News moment. Imagine someone over 60 whose career has nothing to do with computers trying to make sense of a list of 45 different payment processors to choose from.
And if they miss even one of those 45, EU enforcers burn their business to the ground. Oops, now it's 46. No, 47.
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I have German bank accounts at two different banks and can send SEPA SCT instant transactions via webinterface and physical tan generator with both of them. Wero however is restricted to mobile apps regardless of what your tan generator is and in fact from what I heard, banks generally force you to switch to mobile app tan generators when opting into Wero. The GLS bank implies it's not up to them. Generally I feel li…
I'm not sure I understand the question actually. Will it work the same way for consumer as ideal does now? Yes, that the promise. Will the actual protocol and endpoints used be the same? I guess not, but also nothing drastic for integrators to worry about. What I don't get is -- what will be added on top of what ideal already does. >The GLS bank implies it's not up to them. They probably can't make two systems within…
Wero is such a valuable asset for Europe and couldn't have come at a better time. It's built on the excellent SEPA system, which standardized bank transfers and "Lastschrift" in Europe. SEPA itself got a huge upgrade last year with mandatory instant transfers that cannot cost more than standard transfers between European checking accounts. Both of those allowed Wero to happen as a final abstract top layer, meaning: t…
Earlier quoted context omitted.
I wouldn't count on that, in-order to provide rock solid financial service, you definitely need a reliable cloud provider. There is no true equivalent in EU for a cloud provider like that at the moment
Update: migration to EU cloud is in progress: https://www.heise.de/en/news/Sovereign-payment-service-Wero-...
> To live up to its claim of being a sovereign payment service, Wero intends to reduce its dependence on non-European cloud providers in the future.
They haven't even started any migration, rather future topic without any deadline.
Also the article states that
> When EPI first launched Wero, only cloud services from international providers could deliver the performance, security and stability needed to deliver a competitive solution
and that's is still true to this day, like what EU cloud provider is on the same level as AWS?