Finland, Denmark, Norway, Sweden, and Estonia are soon enabling offline debit card payments for at least seven days without network connectivity.

[harrysintonen@infosec.exchange]

@jandi My understanding is that this is all based on the existing EMV technology and doesn't require new hardware. Basically it's just enabling existing features. Sorry, but I don't have technical specs for this.

@slotos
As for the regulation, each country has a slightly different process and bodies doing it. Usually it's the national central bank with some kind of payment council (that has participants from various stakeholders running the payment systems, for example https://www.nationalbanken.dk/en/what-we-do/safe-and-efficient-payments/the-danish-payments-council).

[kallekn@mastodonsweden.se]

@toxy @leffe @harrysintonen Please do tell if that works.

[leffe@social.linux.pizza]

@toxy @kallekn @harrysintonen

I had Sailfish too for a couple of years. Same problems.

[toxy@mastodon.acc.sunet.se]

@kallekn @leffe @harrysintonen Absolutely.

[kallekn@mastodonsweden.se]

@leffe @toxy @harrysintonen But did BankID work? What did not work?

[leffe@social.linux.pizza]

@kallekn @toxy @harrysintonen

Yes, but it was eight years ago. It doesn't have any advantage over other degoogled systems. We'll see what happens whey tighten things this autumn.

[jandi@mastodon.social]

@harrysintonen @slotos Thank you. The nationalbanken.de is the link with more info IMO.

Interesting stuff, thank you for posting, and @skinnylatte for boosting.

[kallekn@mastodonsweden.se]

@leffe @toxy @harrysintonen The advantage would be that it is totally independent of Google... except it maybe isn't, when you need to use Android apps... which is most apps.

[wariat@mastodon.social]

@harrysintonen
It's high time they came up with the idea of ​​abolishing cash.

[catraxx@tech.lgbt]

@harrysintonen I am glad that when the world ends, i can still pay my bills.

[sef@social.coop]

@wariat That means the end of common access to state-issued money (m0). Not sure that’s a good thing, if not an outright monetary impossibility. https://www.harpercollins.com/products/cloudmoney-brett-scott @harrysintonen

[evoscale@c.im]

@harrysintonen What are the odds that 'internet' would morph into network of interconnected drone nets?

*not an endorsement of satellite networks

[osma@mas.to]

This paves the way for digital euro, but affects in-person payments only, and relinquishes the consumers' chargeback right because even when delayed, debit is still debit. With buyer behavior moving more and more online, and remote purchases without chargeback right moving all the transaction risk to the consumer, it's not all good.
https://www.ecb.europa.eu/euro/digital_euro/html/index.en.html
@harrysintonen

[wariat@mastodon.social]

@sef
In my opinion, it's a really bad idea, but no one ever asks me

@harrysintonen

[christopherkunz@chaos.social]

@harrysintonen In addition to Russia cutting the cables, my concern is for VISA and other US credit card providers cutting service to specific, targeted individuals or even whole countries. We've already seen precedent for both.

[kierkegaanks@beige.party]

@harrysintonen even when they do it

[briankrebs@infosec.exchange]

@harrysintonen Seems like good for the consumer, but also good for fraudsters, no?

[harrysintonen@infosec.exchange]

@briankrebs The fraud is limited by the fact that this system can only be exploited when the network connection is down. There also is limits for the amounts you can "credit", I believe, and the system is limited to cards issued in that particular country.

Yes, there is possibility for fraud, but these mitigating factors should limit it.

[leeloo@c.im]

@harrysintonen
It works for debit cards? How?

The one reason that I have accepted having a debit card is the absolute guarantee that it cannot be used to spend money I don't have. Otherwise, that's a credit card, and I will not accept a credit card contract.

Without access to my bank, how does this guarantee work?

[v_d_richards@literatur.social]

@harrysintonen

Humanity already enabled this with physical money.

I mean: good that working internet is not required for paying with cards, but not making paying with actual money nearly impossible ( which would technically in the worst case not even need electricity) would have prevented making this new step necassary in the first place.