Re:Swedes turn against cashlessness
by uniformlyrandom on Tuesday April 03, 2018 @01:29PM
(#16746980)
> physically show numbers
That is backwards compatibility, not lack of innovation.
You have (some) cryptography on the chip.
> Checks physically show numbers
That, again, is backwards compatibility.
> ACH, involves banks FTP-ing massive text files
Yes, that sucks.
> no used standard for peer to peer
Wire transfer?
> Massive data breaches by banks
Massive data breaches by everyone, this is not a bank problem - this is an industry-wide problem.
> response to endemic fraud is to revoke cards
What is your point here? Would you prefer to revoke a certificate instead? But we already established that pesky concept of backwards compatibility and real world.
That is backwards compatibility, not lack of innovation. You have (some) cryptography on the chip.
> Checks physically show numbers
That, again, is backwards compatibility.
> ACH, involves banks FTP-ing massive text files
Yes, that sucks.
> no used standard for peer to peer
Wire transfer?
> Massive data breaches by banks
Massive data breaches by everyone, this is not a bank problem - this is an industry-wide problem.
> response to endemic fraud is to revoke cards
What is your point here? Would you prefer to revoke a certificate instead? But we already established that pesky concept of backwards compatibility and real world.