3 ms·

I work in Swiss banking. We also have such a system for payments. Its very popular and used by most people. I keep saying they should use it as SSO, if you can

I work in Swiss banking. We also have such a system for payments. Its very popular and used by most people. I keep saying they should use it as SSO, if you can authenticate payments you damn well can authenticate login requests. It makes no sense to go to an online shop, log-in with your shop account or google, and then when you pay, authenticate the payment with TWINT. And banks could even use it to login to their e-banking. Currently literally every bank has its own 'Access' App, that is almost the same but slightly different. And to my irritatingly they don't consistently encode TWINT information the same way into the normal banking transactions. Our developer phones have like 40 apps on them to log into different test system, its madding. In our system the pay system is also 'half' branded so you have to download 'TWINT-<bank>' not just 'TWINT'. Making it unnecessarily confusing and its literally the same app (from a user perspective). It seems this Bank Id is an even earlier system adopted for modern SSO use-case.

DanielHB 2y ago
Yes BankID is the real MVP of digital systems, I heard some talks about the EU making one valid for the whole block. Hopefully it will fix all the countries.Everything is done through BankID in swedish-only institutions. Put house on sale? bankid. Book a doctor appointment? bankid. Login to bank? Bankid. Open bank account? bankid. Sign contracts? bankid. Heck I moved my pension (like a lot of money) to a different institution by just using BankID. Didn't have to call/email anyone, the process took 5 minutes (with about a month to actually process the transaction).
- jowea 2y ago
  Interestingly enough Brazil also has a system to use Bank login to authenticate on government systems.
- throwaway473825 2y ago
  >Yes BankID is the real MVP of digital systems, I heard some talks about the EU making one valid for the whole block. Sweden is actually in a pickle here. The dominant but private BankID doesn't satisfy all security requirements for the EU's digital identity wallet. It just isn't profitable. The government is now working on a public government eID with a higher security standard, but many Swedes might still be left out since adoption will take some time. This is one of many reasons why eIDs shouldn't be run by for-profits corporations, and sadly nothing would likely have happened without pressure from the EU.
nicolinox 2y ago
Revolut is simplifying this, also in Switzerland. You checkout with the "Pay with Revolut" option. It's instant, magic and safe. You don't need to copy card details, just authorise the push notification. I have also used it on airline websites, Aer Lingus and Wizz Air.
dkga 2y ago
I live in Switzerland - TWINT has other differences as well. To start, its settlement is not immediate as Pix's. As you point out, it is also not standardised.

DanielHB 2y ago

Yes BankID is the real MVP of digital systems, I heard some talks about the EU making one valid for the whole block. Hopefully it will fix all the countries.Everything is done through BankID in swedish-only institutions. Put house on sale? bankid. Book a doctor appointment? bankid. Login to bank? Bankid. Open bank account? bankid. Sign contracts? bankid. Heck I moved my pension (like a lot of money) to a different institution by just using BankID. Didn't have to call/email anyone, the process took 5 minutes (with about a month to actually process the transaction).

jowea 2y ago
Interestingly enough Brazil also has a system to use Bank login to authenticate on government systems.
throwaway473825 2y ago
>Yes BankID is the real MVP of digital systems, I heard some talks about the EU making one valid for the whole block. Sweden is actually in a pickle here. The dominant but private BankID doesn't satisfy all security requirements for the EU's digital identity wallet. It just isn't profitable. The government is now working on a public government eID with a higher security standard, but many Swedes might still be left out since adoption will take some time. This is one of many reasons why eIDs shouldn't be run by for-profits corporations, and sadly nothing would likely have happened without pressure from the EU.

nicolinox 2y ago

Revolut is simplifying this, also in Switzerland. You checkout with the "Pay with Revolut" option. It's instant, magic and safe. You don't need to copy card details, just authorise the push notification. I have also used it on airline websites, Aer Lingus and Wizz Air.

dkga 2y ago

I live in Switzerland - TWINT has other differences as well. To start, its settlement is not immediate as Pix's. As you point out, it is also not standardised.