"Europe" isn't doing anything of the sort. The EU is. Europe is a continent on the western part of Eurasia. The EU is a corrupt, anti-democractic bloated bureaucracy where the wheels are continually greased by the interests and demands of multi-billion dollar lobbying organisations. It's good to see the article allude to this in the first paragraph. It's just a shame that it doesn't come under much scrutiny in general, as it's of huge importance to people living in Europe in areas under the control of the EU.
Europe Is Going After Google Hard, and Google May Not Win
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Re: Europe Is Going After Google Hard, and Google May Not Win
#92Earlier quoted context omitted.
Checks are the most annoying part of paying my rent in the US. In Europe it was just a few clicks online. Here it sometimes takes two weeks until the landlord clears the check.
So glad my landlord is awesome, she banks with Chase, I bank with Wells Fargo - since both banks support clearXchange under their own brand (Chase QuickPay, Wells Fargo SurePay) I can just send my rent payment to her email address through online banking and it is in her account within 2 days, makes life easy for me and she loves not needing to wait for a check in the mail or having to cash it.
Even that is slow I really don't get why banks are allowed to keep your money for 2 days for online payments. Here I transfer money it is in the other persons account in a few min.
Re: Europe Is Going After Google Hard, and Google May Not Win
#93Re: Europe Is Going After Google Hard, and Google May Not Win
#94Earlier quoted context omitted.
Probably because it's slightly slower to use than magnetic strips (at least in the US), and since we're in a transition period you kind of never know whether a given store supports chip inserts.
Good points but that's not really a problem with the chip and pin tech. The parents comments sounded like he had a specific issue with that. Regarding speed I'm not too familiar with magnetic strip cards but don't you have to sign the receipt? If so that seems like it would take as long as entering a PIN. Also, do magnetic strips support contactless payments? The chip and PIN cards in the UK do which makes payments a…
With a magnetic strip you swipe and put it in your pocket. You can even do that while the cashier is scanning your items - meaning it doesn't cost you any time at all.
With chip you have to put it in the machine and leave it there until the transaction is finished, including signing. Only then can you take it out, exactly at the moment when you should be grabbing your bags.
It's much slower.