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

MasterCard suspends all services in Russia

mastercard.com

Post reply on HN
Print view View original

231–240 of 384 posts

Re: MasterCard suspends all services in Russia

#231

Post by 331c8c71 »

xdennis wrote: post #225
331c8c71 wrote: post #153

Earlier quoted context omitted.

because he's not expanding russia. hes not letting ukraine to join nato. Check john mearsheimer for an understanding how putin thinks

> Check john mearsheimer I've had enough of Russian propaganda. > because he's not expanding russia. hes not letting ukraine to join nato. Previously you were all saying we're hysterical and there will be no invasion. Russia has the same MO as cancer: expand as much as possible. It's well known that it wants access to our (Romania's) mountains. He's not going to stop at Ukraine. Putin has already revealed that we wan…

> Previously you were all saying we're hysterical and there will be no invasion.

Who "we? US intelligence knew about the build-up and Putin has allegedly suggested the possibility to Biden ad well.

> I've had enough of Russian propaganda.

How is US professor a russian propaganda? He was saying in 2015 that it's not a good idea for nato to meddle in Ukraine and that would lead to invasion. No one heard.

> It's well known that it wants access to our (Romania's) mountains.

Well known by whom? Maybe by Romanians but definitely not Russians because it's the first time I hear that.

> Putin has already revealed that we want's the Republic of Moldova.

Source?

Re: MasterCard suspends all services in Russia

#232

Post by drdaeman »

krn wrote: post #214
marrone12 wrote: post #203

Earlier quoted context omitted.

Russian citizens did not cause this war...

You could say the same about the German citizens and WWII.

One could, yes. As far as I'm aware, even a matter of collective guilt (which is related but different from causation) is not exactly unanimously agreed upon between renown philosophers.

And just to be clear - I'm not saying it's true or false (heck, I have very mixed feelings), I'm saying it's arguable.

Re: MasterCard suspends all services in Russia

#233

Post by vkou »

tananaev wrote: post #4
323 wrote: post #2

Visa too: > Visa Suspends All Russia Operations https://usa.visa.com/about-visa/newsroom/press-releases.rele... MasterCard/Visa cards issued in Russia will not work abroad, cards issued abroad will not work in Russia. > MasterCard/Visa account for three-quarters of payments in Russia https://twitter.com/spectatorindex/status/150023911662537932...

Interesting that the title says all operations are suspended, but description basically says that foreign cards won't work in Russia and Russian cards work abroad, but does it mean local Russian cards will still work in Russia? That's probably majority of transactions anyway. A bit confused here.

A lot of stores in Russia are currently not accepting many credit cards, including domestic ones.

... And, as the cherry on top, ATM withdrawals have been blocked.

Presumably, this will all be figured out over the next week, but it's not great.

Re: MasterCard suspends all services in Russia

#234

Post by vkou »

fknorangesite wrote: post #201
vimy wrote: post #152

Earlier quoted context omitted.

I don’t think that’s true. Otherwise, Mastercard/Visa/Paypal wouldn’t have waited this long. I think Russia is being ‘canceled’. They have become toxic to companies. It’s PR related, not because of government orders.

> I think Russia is being ‘canceled’. Jesus this term really has lost all meaning at this point, hasn't it.

No, I think it clarifies the meaning quite substantially. Behave outside of the bounds of accepted civilized discourse, get 'canceled'.

Re: MasterCard suspends all services in Russia

#235

Post by skissane »

lmilcin wrote: post #58
tananaev wrote: post #23

Earlier quoted context omitted.

It's phrased very carefully "cards issued by Russian banks will no longer be supported by the Mastercard network", which sounds like they still might work in Russia even if they are not supported by the network. Next sentence is "any Mastercard issued outside of the country will not work at Russian merchants". Why make this clear distinction? Why not just say that all Mastercard won't work in Russia?

I worked in credit card acquiring business (implemented credit card application for the terminal). Cards with Mastercard or Visa logo can still work without Mastercard or Visa processing the payments. Obviously, they do work in ATMs. For normal payments it is possible for another company to step in and process the payments. That would be massive effort but not impossible to get done in say couple of weeks. But that w…

> For normal payments it is possible for another company to step in and process the payments. That would be massive effort but not impossible to get done in say couple of weeks.

Per another comment, the massive effort has already happened over the preceding years, out of the expectation that something like this was going to happen sooner or later: https://news.ycombinator.com/item?id=30572790

> But that would still mean that the system would be cut off from the rest of the world

Could Russian banks adopt China's UnionPay as an alternative to Visa/MasterCard? UnionPay is already accepted in many Western countries due to the desire to gain the business of Chinese nationals (tourists, business travellers, international students, etc). Would it be technically possible for a Western intermediary processor to distinguish a Russian UnionPay card from a Chinese one?

Re: MasterCard suspends all services in Russia

#236

Post by smeej »

Punishing civilians for the actions of their dictator is a despicable form of victim-blaming.

Russia isn't a democracy. Ordinary people can't oust Putin because the rest of the world makes their lives difficult. This doesn't fix the problem.

Punishing his existing subjects because he's invading another country to acquire more subjects is despicable.

Re: MasterCard suspends all services in Russia

#237

Post by drdaeman »

samwillis wrote: post #5

Mirror: https://archive.ph/d5RmA (was down) Key passage: “ With this action, cards issued by Russian banks will no longer be supported by the Mastercard network. And, any Mastercard issued outside of the country will not work at Russian merchants or ATMs.” I don’t believe it’s clear that cards issued in Russia are not still being accepted within Russia. Which is what I believe Visa is still doing: “ all transactions…

> will no longer be supported

On an completely unrelated note I'm sad to observe how corporate speech alters the language. I'm sure it's called "will be rejected" not "will no longer be supported".

I have an ancient smartphone that's "no longer supported" and it still works. I'm sure the message meant that Russian cards won't, but I guess as people got routinely scared to use anything but the vaguest terms it became a habit.

Re: MasterCard suspends all services in Russia

#238

Post by null0pointer »

analyte123 wrote: post #134
colesantiago wrote: post #100

Earlier quoted context omitted.

Monero isn't really private or secure and was a subject to a 51% attack so this is a moot point.

Can you elaborate on what makes Monero not private or secure?

Just ignore this guy, he’s a troll. The Cyphertrace thing he is referring to is 2 years old and EXTREMELY overblown. There is a an unclaimed bounty from the FBI to trace Monero transactions. Wouldn’t cyphertrace have claimed it if they actually could trace Monero transactions? The Monero community is very open about discussing the tech and its issues. They are near-pure technologists, not get-rich-quick-cryptobros.

The 51% “attack” he is referring to is that a mining pool briefly had over 50% of the total hash rate. No attack took place, and within hours miners had moved to other pools bringing the hash rate of the 51% pool down to the mid-30s%. I’ll also mention that the power of 51% attacks is largely overstated too, especially in a privacy coin like Monero.

Re: MasterCard suspends all services in Russia

#239

Post by lil_dispaches »

chasd00 wrote: post #154
lil_dispaches wrote: post #11

Earlier quoted context omitted.

I don't think this is act of war protest. These corporation know the inside score, they help write the narrative. I predict these companies are giving up Russia for good. This is a signal of a long term shift in world order and these corporate boards know it, because they engineer it with policies and propaganda.

Accenture and McKinsey both closed up shop in Russia. For those two to leave money on the table means there’s definitely something big happening behind the scenes.

Ya, and the oil companies too are not simply pausing, but leaving large investments in the field.
Post reply on HN