Comments on: Help me learn: Is there something like OpenID out there, but for money? http://www.intomobile.com/2009/07/01/help-me-learn-is-there-something-like-openid-out-there-but-for-money.html Cell Phone News, Information, and Analysis Thu, 26 Nov 2009 08:47:50 -0600 http://wordpress.org/?v=abc hourly 1 By: Stefan Constantinescu http://www.intomobile.com/2009/07/01/help-me-learn-is-there-something-like-openid-out-there-but-for-money.html/comment-page-1/#comment-346003 Stefan Constantinescu Wed, 01 Jul 2009 14:24:12 +0000 http://www.intomobile.com/?p=55151#comment-346003 We have that here in Finland too, but you can use any of the major Finnish banks. I agree, the codes are a hassle, but still, the concept of being able to pay for something using my preferred payment method is awesome. We have that here in Finland too, but you can use any of the major Finnish banks. I agree, the codes are a hassle, but still, the concept of being able to pay for something using my preferred payment method is awesome.

]]> By: Erik http://www.intomobile.com/2009/07/01/help-me-learn-is-there-something-like-openid-out-there-but-for-money.html/comment-page-1/#comment-346002 Erik Wed, 01 Jul 2009 14:19:21 +0000 http://www.intomobile.com/?p=55151#comment-346002 Something similar to that is actually used quite frequently in Sweden. When asked for the usual payment options on web sites you can choose to use your bank, and you are then transported to your bank's web page where you enter your login credentials and then confirm the purchase, and is then returned to the site. On the negative side it so far only works for one bank (that I've seen?) and it does not seem like a very "open" solution. It's also a lot more hassle (verification codes, dongles etc) than just entering a cc number. Safer too of course, but there's always that trade off between convenience and security :) Something similar to that is actually used quite frequently in Sweden. When asked for the usual payment options on web sites you can choose to use your bank, and you are then transported to your bank’s web page where you enter your login credentials and then confirm the purchase, and is then returned to the site.

On the negative side it so far only works for one bank (that I’ve seen?) and it does not seem like a very “open” solution. It’s also a lot more hassle (verification codes, dongles etc) than just entering a cc number. Safer too of course, but there’s always that trade off between convenience and security :)

]]> By: Brian http://www.intomobile.com/2009/07/01/help-me-learn-is-there-something-like-openid-out-there-but-for-money.html/comment-page-1/#comment-345994 Brian Wed, 01 Jul 2009 13:06:41 +0000 http://www.intomobile.com/?p=55151#comment-345994 Hello Stefan, May or may not be true but here's my theory: With expanding monetary regulatory control initiatives* anyone not affiliated with existing bureaucracies or larger corporate entities that may/may not be inextricably linked to them - people like entrepreneurs who might do what you're looking to develop by way of elegant solutions are getting squeezed out by groups like Visa, American Express, Mastercard and PayPal. *Because hey, the people who've managed monetary policies so far have done so much better than say, allowing markets to actually operate which granted, causes immediate pain however that tends to prevent long term train wrecks such as we're experiencing now. Hello Stefan,
May or may not be true but here’s my theory:
With expanding monetary regulatory control initiatives* anyone not affiliated with existing bureaucracies or larger corporate entities that may/may not be inextricably linked to them – people like entrepreneurs who might do what you’re looking to develop by way of elegant solutions are getting squeezed out by groups like Visa, American Express, Mastercard and PayPal.

*Because hey, the people who’ve managed monetary policies so far have done so much better than say, allowing markets to actually operate which granted, causes immediate pain however that tends to prevent long term train wrecks such as we’re experiencing now.

]]>