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

Re:Goodbye Visa and Mastercard: 130M Europeans switching to ... by oliwarner on Wednesday May 20, 2026 @12:02PM (#48209911)

> should redirect me to my bank

Eugh. The problem with that is that people don't verify they've actually been sent to their bank. An attacker will set up fake merchant sites, pay for Google ads to get your traffic, then have you log into your bank to pay for things.

The more we normalise this, the quicker people will fall for it.

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Re:Goodbye Visa and Mastercard: 130M Europeans switching to ... by efdee on Wednesday May 20, 2026 @12:18PM (#48210137)

If they haven't been redirected to their bank, verifying with their mobile banking app using a QR code will not work.

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Re:Goodbye Visa and Mastercard: 130M Europeans switching to ... by cortesoft on Wednesday May 20, 2026 @12:41PM (#48210471)

So I have to get out my phone every time I use my credit card on my computer?

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Re:Goodbye Visa and Mastercard: 130M Europeans switching to ... by ptman on Wednesday May 20, 2026 @02:35PM (#48212065)

Not credit card. Bank account. Webauthn/passkeys could also work for auth as they check the domain and can't be phished

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Re:Goodbye Visa and Mastercard: 130M Europeans switching to ... by jbverschoor on Wednesday May 20, 2026 @01:08PM (#48210825)

That’s why we don’t pay 3%+ on all transactions

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Re:Goodbye Visa and Mastercard: 130M Europeans switching to ... by cortesoft on Wednesday May 20, 2026 @01:46PM (#48211371)

I get 3% cash back, though.

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Re:Goodbye Visa and Mastercard: 130M Europeans switching to ... by ars on Wednesday May 20, 2026 @07:51PM (#48215964)

Can't the attacker just man-in-the-middle to the real bank, and show the QR code to the phone?

Does the entire transaction take place on the phone? I don't think that's a good option.

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