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Depends on what level of the banking system you’re talking. Only other banks can transact with the national bank, so you can’t pay for your hamburgers there. W

by sshine 2y ago

Depends on what level of the banking system you’re talking. Only other banks can transact with the national bank, so you can’t pay for your hamburgers there. When I pay for public transportation, they batch my travels per day to minimise the transaction fees because they figured most people travel twice per day.

omnimus 2y ago
The public transport transaction fees are because VISA/Mastercard. Atleast in europe bank accounts transact wihtout fees. Also its becoming instant and in some countries even mandatory to be instant. Because of that QRcodes for transactions are picking up with many ecommerce stores pushing QR payment (simply bank transfer) because of the fees. Soon we might soon see VISA/Mastercard less banking.
- lcnPylGDnU4H9OF 2y ago
  > QRcodes That's actually a bit disappointing. Someone I know recently had a QR code sent to them in the mail, which they scanned out of curiosity -- not a technical person. Turns out it was a URL to a rather malicious server and they had to scramble to secure logins and such. Encouraging people to scan QR codes as if stuff like that can't happen just makes it more likely for stuff like that to happen. Not to say that it's strictly a bad thing, just that this particular implementation detail could be improved.
  - theamk 2y ago
    this is insane... one malicious page visit and person "had to scramble to secure logins" (I assume this means "change passwords?") What were they running, Windows XP with 2-year old chrome browser?
    - lcnPylGDnU4H9OF 2y ago
      > What were they running, Windows XP with 2-year old chrome browser? Like many consumers: iOS with automatic updates turned on. It’s not news, either; there are groups who discover and use 0-day exploits in order to allow their customers -- usually a government -- to infiltrate a target smart phone -- by phone number, no less -- and install spyware on it. NSO Group in particular made the news in the past few years because their software was used against the devices of US government employees, which goes against the contract they had/have with the US government. Famously, a journalist was targeted with their software and subsequently gunned down at a gas station, naturally because they had their phone on them, which was used as a real-time location tracker by the assassination group. Luckily, most people aren’t investigative journalists so there’s a small worry about assassination. Unluckily, there’s a lot of global organized crime, which ends up paying well for those who do impactful work... like perhaps finding a Safari/iOS vulnerability or a camera/iOS vulnerability and exploiting it to exfiltrate bank account credentials.
      - theamk 2y ago
        If you get hit by Apple 0-day and infected with spyware, what good does changing the passwords on your accounts do? The new passwords would be immediately stolen anyway, unless you throw away the phone and get a new one - which seems pretty excessive reaction to opening a single web page, no matter how malicious.

by sshine 2y ago

omnimus 2y ago

The public transport transaction fees are because VISA/Mastercard. Atleast in europe bank accounts transact wihtout fees. Also its becoming instant and in some countries even mandatory to be instant. Because of that QRcodes for transactions are picking up with many ecommerce stores pushing QR payment (simply bank transfer) because of the fees. Soon we might soon see VISA/Mastercard less banking.

lcnPylGDnU4H9OF 2y ago
> QRcodes That's actually a bit disappointing. Someone I know recently had a QR code sent to them in the mail, which they scanned out of curiosity -- not a technical person. Turns out it was a URL to a rather malicious server and they had to scramble to secure logins and such. Encouraging people to scan QR codes as if stuff like that can't happen just makes it more likely for stuff like that to happen. Not to say that it's strictly a bad thing, just that this particular implementation detail could be improved.
- theamk 2y ago
  this is insane... one malicious page visit and person "had to scramble to secure logins" (I assume this means "change passwords?") What were they running, Windows XP with 2-year old chrome browser?
  - lcnPylGDnU4H9OF 2y ago
    > What were they running, Windows XP with 2-year old chrome browser? Like many consumers: iOS with automatic updates turned on. It’s not news, either; there are groups who discover and use 0-day exploits in order to allow their customers -- usually a government -- to infiltrate a target smart phone -- by phone number, no less -- and install spyware on it. NSO Group in particular made the news in the past few years because their software was used against the devices of US government employees, which goes against the contract they had/have with the US government. Famously, a journalist was targeted with their software and subsequently gunned down at a gas station, naturally because they had their phone on them, which was used as a real-time location tracker by the assassination group. Luckily, most people aren’t investigative journalists so there’s a small worry about assassination. Unluckily, there’s a lot of global organized crime, which ends up paying well for those who do impactful work... like perhaps finding a Safari/iOS vulnerability or a camera/iOS vulnerability and exploiting it to exfiltrate bank account credentials.
    - theamk 2y ago
      If you get hit by Apple 0-day and infected with spyware, what good does changing the passwords on your accounts do? The new passwords would be immediately stolen anyway, unless you throw away the phone and get a new one - which seems pretty excessive reaction to opening a single web page, no matter how malicious.