Re:The world after coronavirus
by DanielLihaciu on Sunday April 19, 2020 @10:51AM
(#22916275)
>Germans finally will stop on using cash payments for everything
You are right. We will see only buying electronically in the future.
Re:The world after coronavirus
by drdeadringer on Sunday April 19, 2020 @03:17PM
(#22918107)
I've been hearing this since 1997. I don't know why I should believe this until I see it.
Re:The world after coronavirus
by maxerickson on Sunday April 19, 2020 @10:14AM
(#22916049)
One of the grocery stores in town here has signs up stating that the prefer card transactions to cash.
They haven't made the effort yet to turn off the signature collection step. So you get to handle the pen. I expect they either don't particularly know it is an option, or have some false beliefs about it.
Can the store turn that off? I thought that was something the bank controls. Or maybe that was just for contactless?
Re:The world after coronavirus
by maxerickson on Sunday April 19, 2020 @11:04AM
(#22916352)
I'm pretty sure with EMV that the processors don't care about signatures anymore, at which point it's the store choosing.
A little bit of reading I did suggests that the till software is often the stopper.
Signed transactions depend on the bank; it means the card only supports SEPA Debit, so the supermarket has to manually debit your account later, that's what you sign for.
Modern cards (anything that supports EC) can handle using only chip+pin or contactless.
It’s the US spec. EU side it’s chip and pin. Which arguable is much of a sameness since you’re touching the key pad
Signatures very much still exist in the EU; if the card you put into the reader only supports SEPA Debit and no immediate transfers, the shop has to do a manual SEPA Debit in the evening using your signature as authorization. A few banks refuse to upgrade to anything newer.
Here (Germany) it was recently announced that banks would raise the limit up to which no validation is needed for (maybe just contactless?) payments. And indeed since then I haven't had to confirm a transaction, which is why I asked.
Re:The world after coronavirus
by maxerickson on Sunday April 19, 2020 @09:03PM
(#22920213)
It's an option. For example, Walmart doesn't require a signature on any transactions.
In 10 years the world will be more concentrated around the big cities. People will travel more. Things will be more international, more global. The people will rely more on services, eat out more. IT will play an even bigger role.
Basically a continuation of the globalisation process that has been in full force for the past many years.
(Though I do think Germans finally will stop on using cash payments for everything.)