371–380 of 581 posts
It's not about paying by cash but paying by card offline. How is this going to be implemented I wonder. On planes they often accept credit cards even when there's no internet. I assume this is a trust in-credit-based system because they don't accept debit cards, i.e. if you are worth being trusted with a card you can have your sandwich now and we will take care of the bank processing once we are on the ground. So may…
Every time I see posts like these related to fiat, my heart sinks. Despite pro privacy sentiments across the site, there is a concerning amount of people who have not only fallen to the trap of convenience, but even consider cash use suspicious or criminal (the morality of tax evasion is a whole different subject, the places where it's most popular often coincides with a corrupt, inefficient government). Soon, cash u…
These past couple of years I've gotten into plenty of trouble on multiple occasions, as a result of what I would describe as a cascade of misfortune initiated by a single unfortunate event (for which I will take some responsibility, but nevertheless...). These "cascades of misfortune" I've run into happen largely because of how we've placed certain institutions at the center of our lives and our society, or perhaps m…
It's not about paying by cash but paying by card offline. How is this going to be implemented I wonder. On planes they often accept credit cards even when there's no internet. I assume this is a trust in-credit-based system because they don't accept debit cards, i.e. if you are worth being trusted with a card you can have your sandwich now and we will take care of the bank processing once we are on the ground. So may…
on planes they link your purchase to your seat, so they have your ID info in case you’re not solvent
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I think metro trains in countries like The Netherlands and Singapore use this approach where in you tap your cards and entry and exit and you are billed usually somewhere at the end of the day.
It's more complex than that: The card actually has some nonvolatile storage with your current balance, which gets decremented each time you use it.
For various reasons, they're mostly used in closed-loop systems these days (think laundromats, transit systems etc.), but historically there were open-loop deployments in many European countries, and in some countries, stored-value POS payments are still very popular, e.g. in Japan.
It's a real shame that the entire world moved to online-only. Sure, it's much easier and there's less opportunity for various kinds of fraud as a result, but in terms of availability during outages or cyber attacks, it was a big unforced step backwards.
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How do you pay for things that are just one or two euros? In my local boulangerie they don't accept cards for less than 5€, so if I just want a baguette I need to have cash.
Oh it's easy: they don't use Visa / Mastercard, but their own domestic system called Swish, which is much cheaper for businesses and of course completely free for individuals. Similar instant payment systems have really blossomed across the world, especially in recent years. One by one, countries are finally figuring out that there's no reason to rely on American brands for all of the payment processing.
Can you use it without local ID/phone and with foreign bank account?
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The EMV standard has long supported an offline transaction flow. AFAIK it was the default almost everywhere in Finland circa 2011, contactless there was almost always instantaneous. Digging into why that was compared to the invariable wait when using contactless in the UK revealed this flow. The card has a variety of risk counters on it that allow it to securely decide whether an offline transaction can proceed, at l…
A lot of internet payments work this way already anyways, not many gateways require auth before capture, processors/payfacs just do it because it gives lower interchange and reduces risk.
It's not about paying by cash but paying by card offline. How is this going to be implemented I wonder. On planes they often accept credit cards even when there's no internet. I assume this is a trust in-credit-based system because they don't accept debit cards, i.e. if you are worth being trusted with a card you can have your sandwich now and we will take care of the bank processing once we are on the ground. So may…
A brief history goes like this: In the past embossed credit and debit cards were both accepted on planes. That's why they were embossed in the first place: for offline processing which in even more distant path was the only option. Later CC machines and offline chip/stripe transactions co-existed with online transactions. Normally (at least in Europe) you couldn't get an embossed card, even a debit one, without provi…
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I'm Swedish and if someone insists on doing a transaction using cash when Swish or card is available, I'd immediately start to wonder if it's for some kind of more or less shady reason, probably tax evasion at the very least.
You have to differentiate common purchases from "large" purchases in this discussion. I'm certain you don't think there's something shady going on, or tax evasion happening, if someone uses cash in the grocery store or at Pressbyrån, or to pay for some little gadget or whatever at Kjell&Co. This is what people think of when someone "uses cash". Not hauling tens of thousands to buy a used car or to settle the bill for…
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complicated. star/plus/cirrus etc - pure debit-only networks - aren't accepted on a plane debit cards that are on one of the credit card rails (visa, mastercard, etc) are very common. those work because they're just a normal visa transaction
> those work because they're just a normal visa transaction I wouldn’t be so sure about that. In some payment situations you’re asked whether you’d like to have the transaction go through as debit or as credit—so those two must be different somewhere. And probably in more than just a bit in a packet, as, for example, paying with debit Visas or MasterCards (normal ones, not Electron resp. Maestro) in the Netherlands (…
I'm not sure what they have in mind for supporting offline payments, but I think that Japan's FeliCa-based [1] electronic money systems (Suica, iD, etc) are pretty impressive. They are most typically used to pay for transportation, but also widely accepted at stores, vending machines, etc. Balances are stored on the card, and it's very fast to use and seems secure for the most part. Recently it's also available on an…
Topping up a Suica every now and then vs. having many international transactions might also work out better for some. My bank (ING) gives me those fees back so it makes no difference to me.