3 ms·
Company I work for (Clicksign, a Brazilian e-signature company) also uses PIX for signatory verification. We just make a 10 cent charge on a signatory and when
by dlisboa 3y ago
Company I work for (Clicksign, a Brazilian e-signature company) also uses PIX for signatory verification. We just make a 10 cent charge on a signatory and when he/she pays we get a callback and now we have valid and up to date information that confirms they are who they say they are.
Basically a better e-mail token verification: you know the person actually has access to their bank account and is not an impersonator.
We were actually the first to do that, but the advantages of an instant payment system are endless. This same thing could be done for many other use cases.
- deleted 3y ago[deleted]
- moneywoes 3y agoAny reason that paradigm can't be used for credit card payments? Perhaps people are reluctant to put in their credit numbers i imagine
- greiskul 3y agoA credit card generally is meant to give a person credit. In third world countries, lots of people are poor, and do not have access to credit. The credit cards that they do have access to charge absurdly high interest rate, and most working class people should probably stay away from them.
- dlisboa 3y agoThere’s that and also credit cards are usually paid, a monthly or yearly, so not everyone has them. Pix is free so penetration is much higher. The degree of fraud with credit cards is huge in Brazil, so for us it wouldn’t bring about trust in a legal setting: someone could’ve just cloned your card and signed a document in your stead, without you ever knowing. Pix has the added benefit that the person needs to physically hold the phone, input the bank passcode and/or biometrics, in order to pay it.
- toomuchtodo 3y agoThe term of art of this is "identity assurance." https://en.wikipedia.org/wiki/Identity_assurance https://en.wikipedia.org/wiki/Identity_assurance https://pages.nist.gov/800-63-3/ https://pages.nist.gov/800-63-3/