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

Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

lesnumeriques.com

Post reply on HN
Print view View original

651–660 of 811 posts

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#651

Post by chrisco255 »

TheRealPomax wrote: post #552
jorisw wrote: post #536

Earlier quoted context omitted.

I wasn't aware. It's meant to refer to every country having a different solution for the same thing, which in the EU is much the case. That said I picked it up from Steve Jobs talking about cable networks in the US.

That conveniently ignores the part where it refers to a fracturing where every part is hostile towards each other and unwilling to cooperate on anything. It's not a neutral term, it really is a rather offensive term for everyone from the Balkan today.

It's a historical reference to the events that led to World War 1.

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#652

Post by hommelix »

sgjohnson wrote: post #167
petcat wrote: post #13

> A Frenchman using Wero will be able to transfer money to a Spanish friend on Bizum, with the same simplicity as a domestic payment. Have you seen the new money app? It's on Tubu. It's on Weeno. I'm on Dippy but my friend is on Poob. Poob has it for you.

> > A Frenchman using Wero will be able to transfer money to a Spanish friend on Bizum, with the same simplicity as a domestic payment. SEPA Instant Payments also solves that.

> SEPA Instant Payments also solves that.

Even more than now there is a QR code format for SEPA Instant Payments. Some invoice have a QR code and when it is scanned with a bank app, the fields for a bank transfer are prefilled. IBAN, amount, etc...

We just need an app to generate this QR code for the amount one wants to request.

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#653

Post by abdullahkhalids »

lxgr wrote: post #606
abdullahkhalids wrote: post #569

Earlier quoted context omitted.

That still works. There are three entities: customer, bank and merchant. The merchant should never be able to pull from your bank account. However, the merchant can send an invoice for a payment. Either the customer manually pushes the payment, or delegates to the bank that each invoice from merchant X should immediately result in a payment push [1]. The difference from the pull system is that the customer can at any…

> [...] the merchant can send an invoice for a payment. Either the customer manually pushes the payment, or delegates to the bank that each invoice from merchant X should immediately result in a payment push [1]. This already very close to how SEPA direct debits currently operate. I can instruct my bank with one click to stop honoring a given direct debit mandate (they'll then block all further payments under the sam…

My central problem is that in current pull based systems (both CC and direct debit), the merchant has access to the information to take money from my account. But that information can leak and someone else can take money from my account.

It's insane that digital systems are less secure than cash based system. If a merchant hands me a paper invoice, they can't just take cash out of my wallet.

The merchant should communicate to me where I need to deposit money, and I should put that into my system. The merchant should have little to no information about me.

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#654

Post by _DeadFred_ »

switchbak wrote: post #543
_DeadFred_ wrote: post #393

Earlier quoted context omitted.

Dang has stated these sorts of comments do not belong on HN news. Discussion of specifics are fine, but nationalist slurs are not. https://news.ycombinator.com/item?id=48100358 Edit: wow, my bad. HN really loves low effort nationalistic slurs as entire comments now.

[flagged]

I strongly disagree. Substitute with 'the Chinese mind can't comprehend' or 'the Palestinian mind can't comprehend' or 'the Muslim mind can't comprehend' or 'the African American mind can't comprehend' or 'the immigrant mind can't comprehend'. Obviously that would be a slur and not an acceptable way to phrase a point.

HN rightly didn't allow these type of generalization comments against Russians after it invaded Ukraine. HN rightly doesn't allow these types of generalization comments at Palestinians. It's wild to me the different standard applied lately to similar comments towards Americans. Definitely a discourse erosion/strain going on on this site when it comes to certain topics/nationalities/generalization of peoples and stereotyping/labeling.

In the link I gave dang set the rule that these sort of comments applied towards a nationality aren't acceptable here and an instance of dang actively stepping in to enforce it.

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#655

Post by throw-the-towel »

p2detar wrote: post #551
throw-the-towel wrote: post #520

Earlier quoted context omitted.

> write the recipient's IBAN, You can do it once, and save in in your bank app. > wait a day for the transfer to take place. Isn't instant SEPA required to be supported by all banks now?

> You can do it once, and save in in your bank app. I try not to send or write my IBAN just anywhere. With things like Direct Debit, I treat it with care. Sharp contrast with Paypal, where you can use your email address or even have a paypal.me page that does not expose your email at all. > Isn't instant SEPA required to be supported by all banks now? Yes, and yet I think it's not supported by all banks. Especially t…

Good point about Direct Debit, thank you.

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#656

Post by SoftTalker »

volkl48 wrote: post #650
Balooga wrote: post #463

Earlier quoted context omitted.

Costco? [Edit] -- And I've frequented several independent coffee shops that are cashless.

Costco doesn't even accept Mastercard (credit cards), so they're kind of a unique case here where they intentionally choose to only accept one particular type of credit cards.

Guessing they have their own branded card that they push you to use?

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#657

Post by baq »

Fnoord wrote: post #527
cfontes wrote: post #60

Earlier quoted context omitted.

PIX from Brazil is even better, to be honest. But this is a big improvement over online CC payment. I lived in the NL and Brazil, so I can compare the two, and while iDEAL is pretty good, PIX is easier to understand, explain, and deal with. PIX has more variants, you can use it for recurrent payment, split payments, financing, cashout and almost all things a CC can do nowadays. I would say Tikkie is almost as good an…

iDeal can also be used for recurring payment. I set one up yesterday. If you like Tikkie, you may like bunq as well. This is kind of a problem with Wero though [1]: > The Wero app can be installed on any mobile device or tablet running iOS 16 or later, or Android version 9 or later. We recommend updating your device to the latest version of its operating system for maximum performance, convenience and security. > It…

banks really like hardware attestation and putting that in laptops and PCs causes serious pushback from people like us here. not an option to not have hardware attestation on mobile - it's been there since day 1, there's nothing to protest against anymore

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#659

Post by econ »

joe_mamba wrote: post #604
Fokamul wrote: post #602

Earlier quoted context omitted.

Yes this is very bizarre. But this is official story, contractors and employees who worked for Czech arms manufacturer got their personal! accounts disabled. They had mortgages in these accounts and bank notify them to move mortgage elsewhere. Reason given by bank, broken internal policy, we cannot disclose which. Goodbye. https://militarnyi.com/en/news/czech-banks-discriminate-agai...

>Reason given by bank, broken internal policy, we cannot disclose which. Ridiculous. I'm sure what they did was illegal, the problem with such cases is that even if you take them to court and win, you'll still lose a lot of time, money and stress in the process of fighting a bank in court, while for the bank the lawsuit is just another small business expense. Centrain industries and businesses tend to act above the l…

Like big tech they may refuse service when they like to (which is crazy)

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#660

Post by Waterluvian »

1234letshaveatw wrote: post #600
Waterluvian wrote: post #303

Earlier quoted context omitted.

That's my point, right? We've had such a closely integrated economy and it's been a win-win for a very long time. Whether it's resources like lumber or manufacturing like Ontario/Michigan, or massive amounts of fuel refinement, we're so closely interconnected that we've needed that ease of cross-border travel for work. A consequence is that our industry hasn't evolved as much as it could have. We're sitting on an eno…

I question your sources methodology as, similar to travel habits during the performative COVID border lockdown, Canadians are still heading south en masse over the winter.

Okay that got a hearty laugh. I post a CBC article and you question it, then make a claim while offering no evidence at all.

Quite frankly, I wouldn't be surprised to find that you're just here as an instigator, possibly not even from North America. Or, maybe I just want to hope that it's malice rather than incompetence that governs your behaviour.

Post reply on HN