Europe

8484 readers

1 users here now

News/Interesting Stories/Beautiful Pictures from Europe 🇪🇺

(Current banner: Thunder mountain, Germany, 🇩🇪 ) Feel free to post submissions for banner pictures

Rules

(This list is obviously incomplete, but it will get expanded when necessary)

Be nice to each other (e.g. No direct insults against each other);
No racism, antisemitism, dehumanisation of minorities or glorification of National Socialism allowed;
No posts linking to mis-information funded by foreign states or billionaires.

Also check out !yurop@lemm.ee

founded 1 year ago

MODERATORS

poVoq@slrpnk.net

234

EU seeks to make 10-second instant bank payments a reality (www.euronews.com)

submitted 10 months ago by sv1sjp@lemmy.world to c/europe@feddit.de

103 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] azertyfun@sh.itjust.works 1 points 10 months ago (1 children)

Main problem I see is that as it stands it's insanely easy to forge a SEPA mandate. Ever had to fill one out? It's literally just a piece of paper saying "I, John Doe, allow XXX to take money for services rendered from my acount AB1234. [signature]". The wonder of legacy processes built for companies with fax-based workflows...

I believe only some "trusted" commercial customers are authorized to turn in SEPA mandates (I know my ISP went into some bankruptcy proceedings and lost their ability to use their SEPA mandates for instance), but still, that makes me somewhat wary about who I give my IBAN to. I'd certainly not put it up online for anyone to see.

[–] LufyCZ@lemmy.world 2 points 10 months ago

Didn't know it was this simple, that's stupid.

I believe though that in today's day and and of banking apps this should be very easily solvable with inapp confirmations

Let's hope the old way dies