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US financial infrastructure is far more complex yet secure in comparison. The hurdles are natural.
by hackernewds 4y ago
US financial infrastructure is far more complex yet secure in comparison. The hurdles are natural.
- 2143 4y agoIn what way is it more "secure"? How is India's system any less secure? I think the thing is, because the system in the US was developed much earlier, it might have become more difficult to switch over to newer technology. Leapfrogging [1]. [1] https://en.m.wikipedia.org/wiki/Leapfrogging https://en.m.wikipedia.org/wiki/Leapfrogging
- cuteboy19 4y agoIts really less secure. There is no seperation between identity and authentication so stealing a cc number would be enough to complete a transaction whereas a UPI Id won't help you much to steal money. This is why you need to depend on nasty solutions like chargeback