11–20 of 60 posts
I dont like 2 factor authentication, especially with mobile/sms, when I am abroad or travelling, I still can do my transaction
India has a lot of public policy mishaps such as this. It seems that the people making these rules oftentimes don't do adequate research regarding what's feasible for such a large developing, and rapidly changing country. A couple of other examples: There was recently a rule to limit SMS spam by limiting each cell phone to receive a max of 100 texts per day, there still is a rule where you can't entering the country…
In this case, it puts them on the wrong side. But their conservative approach also shielded India from the banking crisis experienced by US etc.
From http://www.nytimes.com/2009/06/26/business/global/26reddy.ht...
“If America had a central bank chief like Y. V. Reddy, the U.S. economy would not have been such a mess,” Joseph E. Stiglitz, the economist and Nobel laureate, has said.
It seems to me like it was the government that started the whole mess.
It usually is :) but cleartrip might just be right here to blame the banks. Asking for more secure authentication is a good idea, particularly in India where on more than one occasion, I've had to stop people from writing down my credit card number for "the record". That transaction volumes decreased on the /first/ day 3-D secure (and now, the one-time password) was implemented is hardly surprising, but I think once…
I have not been able to use my credit card even once since this was introduced due to various reasons - the SMS service that banks are supposed to deliver One-Time-Password is not sent promptly or I do not have a way to get password to authorize even an IVR transaction in time.
It might all work out after initial issues are resolved but so far I find this to be a pain.
Notice how they made the post on Feb 14, but show only data for Feb 1. Is it really surprising that the first day with the new system saw fewer transactions? Making claims that this move "permanently hobbles India's mobile commerce" based on evidence like this is surely unwarranted. I really think 3D secure is a good move. All it requires is entering your internet banking password at the time of making the transactio…
NO - 3D secure is not good for the customers. the system has no safeguards for vulnerabilities like man-in-the-middle,etc. attacks. Yet it gives credit card companies, the right to deny chargebacks to customers (whose credit card was stolen/hacked) because they can now wash their hands off the matter ("hey only the customer knew the second password... he must have been careless with it, not us")
For a startup like us who have a web based software like basecamp, there is no way we can charge subscription services. Infact no payment gateway exists for us to take credit card payments from Indian customers.
Thanks to PayPal, we can serve international customers much easily. I have a lot of anger against the people who run India's large services as if its an entitlement, without caring for the new entrants.
India has a lot of public policy mishaps such as this. It seems that the people making these rules oftentimes don't do adequate research regarding what's feasible for such a large developing, and rapidly changing country. A couple of other examples: There was recently a rule to limit SMS spam by limiting each cell phone to receive a max of 100 texts per day, there still is a rule where you can't entering the country…
Wow, I didn't believe you at first, but it appears to be true. [1][2][3]
They appear to be justifying by claiming, besides that it prevents them from meeting others, that it somehow causes suicide and depression and that it is responsible for falling grades.
Does anyone know if this is still in effect? The most recent article I could find is from 2008.
[1] http://timesofindia.indiatimes.com/city/delhi/IIT-D-follows-...
[2] http://educational-newsflash.blogspot.com/2010/11/restrictio...
[3] http://vikashkablog.blogspot.com/2007/01/internet-ban-in-iit...
India has a lot of public policy mishaps such as this. It seems that the people making these rules oftentimes don't do adequate research regarding what's feasible for such a large developing, and rapidly changing country. A couple of other examples: There was recently a rule to limit SMS spam by limiting each cell phone to receive a max of 100 texts per day, there still is a rule where you can't entering the country…
I think that's a pretty good move, spam SMS is turning into a huge problem here.
Notice how they made the post on Feb 14, but show only data for Feb 1. Is it really surprising that the first day with the new system saw fewer transactions? Making claims that this move "permanently hobbles India's mobile commerce" based on evidence like this is surely unwarranted. I really think 3D secure is a good move. All it requires is entering your internet banking password at the time of making the transactio…
NO - 3D secure is not good for the customers. the system has no safeguards for vulnerabilities like man-in-the-middle,etc. attacks. Yet it gives credit card companies, the right to deny chargebacks to customers (whose credit card was stolen/hacked) because they can now wash their hands off the matter ("hey only the customer knew the second password... he must have been careless with it, not us")
It seems to me like it was the government that started the whole mess.
It usually is :) but cleartrip might just be right here to blame the banks. Asking for more secure authentication is a good idea, particularly in India where on more than one occasion, I've had to stop people from writing down my credit card number for "the record". That transaction volumes decreased on the /first/ day 3-D secure (and now, the one-time password) was implemented is hardly surprising, but I think once…