3 ms·
This is a common method of payment in Finland as well, but, the store always asks you to choose your bank, then redirects you to the online bank where you then
by vurpo 10y ago
This is a common method of payment in Finland as well, but, the store always asks you to choose your bank, then redirects you to the online bank where you then authenticate and authorize the transfer on the bank's website. It then redirects you back to the merchant's website.
Basically, banks provide an API (similar to OAuth? I guess) where the merchant only asks the bank for a specific amount of money, and the authentication and authorization of the payment happens only directly between the customer and the bank.
Why would this be so hard to so in other countries?
- ptaipale 10y agoAnd note: the same authorization is mandatory also for credit card payments in Finnish web shops. I.e. when you're ready with your shopping cart and click "pay", and give your credit card number, then next thing is a redirect to the bank's page (where you really should check the URL and SSL certificate...), you give your OTP for bank login, and this authorizes the credit card payment, you get a redirect back to the seller website and complete the transaction.
- mnw21cam 10y ago> where you really should check the URL and SSL certificate... Yeah, we are really training people to be vulnerable to phishing scams, aren't we. The advice I give is that if you didn't type the URL of the bank web site into the address bar yourself, it may not be your actual bank you are talking to.