Struggling to find a high-risk payment processor for your Swiss webshop? thrive worldwide! #HighRiskMerchant #PaymentProcessor #SwissWebshop

@hisold My bank stopped issuing #girocard cards with #magstrip 10+ years ago as magstrip was phased out and #NFC was phased in as well as #PSD1 being introduced.

• Even before that merchants rarely accepted magstrips and those who did asked for #ID as soon as purchases [i.e. fuel at a gas station) exceeded like €100 because unlike #Chip + #PIN the payment processor does not guarantee them that the payment will be accepted and the amount guaranteed.

That's the main push factor: Alongside lower processing fees and faster processing, the Chip+PIN & #NFC systems actually request a blockage of the amount and will automatically decline without incuring fees if the balance / limit is below that amount - sometimes even before the PIN has been entered (it'll just not show it until the PIN is entered so fraudsters can't just abuse this as a means to check balance.

• There's a nice podcast with #JohnBoseak where he explains how stuff used to [and allegeldy still does] work in the #USA re: #CreditCards. Given that I worked for a #PaymentProcessor in the past this is some basic knowledge re: #security, because one needs to understand how stuff like CNP ("Card not Present") works and how the system is architected to the point that even if someone were to hack the database of said payment processor, they'd never find any CCs or the CVVs stored there at all.

It's also insightful because #fraud would be way more rampant if the card issuer, payment processor and card system operator [i.e. AMEX, VISA, MasterCard] didn't all run their own AFE [Anti-Fraud Engine] each automatically assessing risks within less than a second for every transaction.

• That's why one can get their #CC blocked when using a #VPN and why fraudsters need the location of their victims because if I had a CC and used it regularly and someone were to try to swipe a skilled copy of that at a Walmart or Best Buy on the East Coast of the USA less than 24 hours of my last use in Germany, that would automatically get declined as fraud and the person at the cashier will call security because noone is travelling that quickly that far.

But that's just some cold OSINT based off #TechSupport and peeking behind the curtains professionally...

• There's way more but I can't go into details on that.

Rest assured if you have a CC you can be as certain that someone tried to abuse it as I'm certain my bank blocked fraudulent money orders against my account because of AFEs working - it's just > 99% of all fraud attempts get blocked instantly and merchants rate-limited or kicked off the system when they do something suspicious.

• Same reason why one can't frame someone for a crime by just wiring obviously illicit funds to their account: AML (Anti-Money Laundering) will catch that and unless the account holder were to ask "Where's the money/transaction?" #FinCEN et. al. won't even bother calling the account holder up simply because "oops I wired money to the wrong account. Can you please send it back?"- #scam is a well-known method to turn unsuspecting people into money launderers.

So yeah, that "#magstrip" may be just lacquer but unless it's specifically advertised otherwise only holds the CC & CVV as well as service codes [i.e. chip+pin only] to tell the terminal "Don't accept magstrip, mandate Chip+PIN"]...

• Outside the #USA, this is the norm due to #PSD2 exceeding #PCIDSS by quite a lot!

Only underdeveloped countries like the #US still use #Magstrips and #credit and not Chip+PIN & #debit!

@adisonverlice personally, I think @signalapp should not have integrated any #wallet or #cryptocurrency at all and instead not eben request #PhoneNumbers (which are #PII) and move tueir system onto #Tor and have their endpoints as #OnionServce, because being a #PaymentProcessor (and lets be honest #MobileCoin got pitched for #payments) is at best a "legal nightmare" if not a straight-up "You go to Jail!"-card as a matter f principle!

Anyone who wants to coordinate #payments and #finance can do so with external wallets like #FeatherWallet anyway.

@ShadyQuark #Klarna works great as #PaymentProcessor...

https://feddit.org/post/9039913

@Avitus @Willow @signalapp wrong, #MobileCoin still exists, it's just mostly focused on being run by a #PaymentProcessor in #Nigeria...

#ScamAlert

• Also the #centralization of #Signal and it being subject to #CloudAct makes it a horrible choice when the #USA is being ruled by an unhinged #Christofacist and his #Cyberfacist #TechBro!

@GossiTheDog Pretty shure that this makes #Binance more #shady than the shadiest #MoneyLaunerer|s and #Cybercriminals because they at least make up a legitimately-looking, #PublicFront for their business...

How is it that neither #OFAC nor @BaFin & @bafa@social.bund.de designate Binance as illegal #PaymentProcessor for failing to answer #DueDiligence formalities every legitimate #business has to like said Headquarter Adress...

This is just beyond me.

#OrganizedCrime #TerrorismFinancing #China #NorthKorea

Implementing Lemon Squeezy as all-in-one payment platform ⚡
For V2 release 👇

⚙️ Display plans ✔️
⚙️ Initial payment checkout flow ✔️
⚙️ Linking paid plan to user ✔️
⚙️ Manage billing ✔️

⚒️ Now working on the webhooks to handle all scenarios

LIKE to spread 😍

#tech #payment #paymentprocessor #paymentplatform

@anarchopunk_girl @fla @Mer__edith

After all, @signalapp does in fact comply with #Cyberfacist demands of the U.S. government and restricts #Signal's functionality based of "striclty unnecessary" data like #PhoneNumbers!

Whereas @torproject is specifically designed to be incapable of doing so, even if all their maintainers were simultaneously held at gunpoint.

Cuz that's basic #OpSec to the point that every small #FinTech / #PaymentProcessor in Germany has to get that #contingency in place!

@maxi but then again: Neither endorsement nor advice.

If it was my decision, the block rate would be at 1 second so it was fast enough for checkouts at a cashier with 3+ confirmations.

OFC nothing prevents a traditional #PaymentProcessor from accepting #Monero :monero: instead of or besides #AMEX, #VISA, #MasterCard, #Maestro, #girocard, #AliPay, #JCB, #UnionPay, #ApplePay, #SamsungPay, #GooglePay, #SMSpayment or even #GeldKarte besides their stubbornness to remain irreplaceable middle-men.

Big companies accepting bitcoin so soon the bitcoin will be one the fairly acceptable wide range of digital assets.

Follow Us - @TheBlockchainCorner

#paymentprocessing #modelmanagement #payment #paymentgatewaysolution #paymentsolution #paymentprocessor #paymentindustry #instantpayment #bitcoinprogress #bitcoin #businessopportunity #businessintelligence #businessinsider #bitcoinexchange #bitcoinpayment #paymentmethods #transactionadvisory #transactionbanking #transactionservices #paymentcard

Crypto Capital boss arrested over money laundering - Bitfinex says the payment processor has $880M of the cryptocurrency exchange's “lost” funds. Polis... more: https://nakedsecurity.sophos.com/2019/10/28/crypto-capital-boss-arrested-over-money-laundering/ #ivanmanuelmolinalee #paymentprocessor #digitalcurrency #moneylaundering #cryptocurrency #cryptocapital #extradition #law&order #exchanges #tokensale #bitfinex #bitcoin #lawsuit #arrest #poland #tether