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Yeah, I'm wondering the same thing. Imagine Visa/Mastercard suddenly decided, as a way to combat credit card fraud, that a human had to visually verify the tran
by jsmeaton 13y ago
Yeah, I'm wondering the same thing. Imagine Visa/Mastercard suddenly decided, as a way to combat credit card fraud, that a human had to visually verify the transaction, and that would take anywhere between 2 and 5 minutes. It would end the use of cards in the majority of in-person transactions.
- moe 13y agoThe payment gateway providers will create the infrastructure to settle payments early where needed (by relaying/insuring the risk, credit scoring, much like they do today for CCs). In practice you may find that your starbucks coffee will take 10 minutes to buy with a newly created wallet, but comes in immediately when paid with a wallet that you've been using for a while (so it has a 'reputation').