jm + payment   8

In praise of cash
'The battle to protect cash is one full of ambiguities - it feels somewhat
like trying to protect good ol' normal capitalism from a Minority Report
surveillance-capitalism'
cash  payment  contactless  surveillance  banking  banks  credit-cards 
march 2017 by jm
Why Shopify Payments prohibit sexual content
Interesting background info from a twitter thread:

@jennschiffer Breitbart uses Shopify Payments, which is built on top of Stripe, which is sponsored by Wells Fargo merchant services AFAIK.
WF has underwriting rules that prohibit sexual content. The main reasons aren't b/c WF or Stripe are interested in policing morals.
Historically there's a higher rate of chargebacks from porn sites, which is why banks are generally anti-sexual content.
Imagine someone's partner finds a charge for pornhub on their credit cars and calls them out on it. The person will deny and file a CB.
Once porn sites started getting shut down by banks, they would change their names or submit applications claiming to be fetish sites, etc
So underwriting dept's decided the risk is too high and generally defer to no with anything sexual.
Most processors aren't inclined to challenge this position on moral grounds since there's strong precedent against it...
...and it could jeapordize their entire payments system if they get shut off.
There are exceptions of course and there are other prohibited uses that are allowed to continue.
twitter  porn  shopify  sex  chargebacks  payment 
february 2017 by jm
Marvin.ie: Order Takeaway Food Online
new Dublin delivery service takes Bitcoin?!
bitcoin  food  delivery  takeaway  payment  ireland  dublin  wtf 
october 2015 by jm
Stellar/Ripple suffer a failure of their consensus system, resulting in a split-brain failure
Prof. Mazières’s research indicated some risk that consensus could fail, though we were nor certain if the required circumstances for such a failure were realistic. This week, we discovered the first instance of a consensus failure. On Tuesday night, the nodes on the network began to disagree and caused a fork of the ledger. The majority of the network was on ledger chain A. At some point, the network decided to switch to ledger chain B. This caused the roll back of a few hours of transactions that had only been recorded on chain A. We were able to replay most of these rolled back transactions on chain B to minimize the impact. However, in cases where an account had already sent a transaction on chain B the replay wasn’t possible.
consensus  distcomp  stellar  ripple  split-brain  postmortems  outages  ledger-fork  payment 
december 2014 by jm
The Emerging Global Web
*Really* intriguing slide deck on how Asia and Africa have invented new ways of operating a business via the internet, and are turning globalisation upside down (via Yoz)
via:yoz  africa  asia  globalisation  internet  web  mobile  payment  business  ecommerce  global 
april 2014 by jm
Target Hackers Broke in Via HVAC Company
Avivah Litan, a fraud analyst with Gartner Inc., said that although the current PCI standard does not require organizations to maintain separate networks for payment and non-payment operations (page 7), it does require merchants to incorporate two-factor authentication for remote network access originating from outside the network by personnel and all third parties.


Target shared the same network for outside contractor access and the critical POS devices. fail. (via Joe Feise)
via:joe-feise  hvac  contractors  fraud  malware  2fa  security  networking  payment  pci 
february 2014 by jm
IPSO representative trivialising impact of the Loyaltybuild data breach
A very worrying quote from Una Dillon of the Irish Payment Services Organisation in regard to the Loyaltybuild incident:
“I wouldn’t be overly concerned if one of my cards was caught up in this,” Dillon says. “Even in the worst-case scenario – one in which my card was used fraudulently – my card provider will refund me everything that is taken”.


This reflects a deep lack of understanding of (a) how identity fraud works, and (b) how card-fraud refunds in Ireland appear to work.

(a): Direct misuse of credit card data is not always the result. Fraudsters may prefer to instead obtain separate credit through identity theft, ie. using other personal identifying data.

(b): Visa debit cards have no credit limit -- your bank account can be cleared out in its entirety, and refunds can take a long time. For instance, http://www.askaboutmoney.com/showthread.php?t=174482 describes several cases, including one customer who waited 21 days for a refund.

All in all it's trivialising a major risk for consumers. As I understand it, a separate statement from IPSO recommended that all customers of Loyaltybuild schemes need to monitor their bank accounts daily to keep an eye out for fraud, which is pretty absurd. Not impressive at all.
loyaltybuild  ipso  money  cards  credit-cards  visa  debit-cards  payment  fraud  identity-theft  ireland 
november 2013 by jm
Flattr - Social micropayments
click a "Flattr" button on content-creator websites, pay a monthly $5 fee, and the content creators get a share of your $5. Very interesting, and seems well thought out -- think I may sign up when I see some content I like
flattr  payment  content  business  social  pay  music  from delicious
december 2010 by jm

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