tag:blogger.com,1999:blog-36939759.post637762756562390647..comments2024-01-17T07:03:57.842+00:00Comments on The Mad Ranter: Barclay - Joined up bankingFlipChttp://www.blogger.com/profile/09449939046593105926noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-36939759.post-89218503185841667282011-10-21T17:09:15.126+01:002011-10-21T17:09:15.126+01:00"I cannot for the life of me begin to imagine..."I cannot for the life of me begin to imagine why anybody would want to make it faster to spend money"<br /><br />Heh of course you've answered your own question - those whom you are borrowing money from want you to spend money faster; those with whom you are spending money want you to spend it faster and the only say you as a customer have over the matter is not to succumb.FlipChttps://www.blogger.com/profile/09449939046593105926noreply@blogger.comtag:blogger.com,1999:blog-36939759.post-84490329212121654572011-10-21T16:20:07.816+01:002011-10-21T16:20:07.816+01:00I cannot for the life of me begin to imagine why a...I cannot for the life of me begin to imagine why anybody would want to make it <em>faster</em> to spend money. I don't know about you, but my problem isn't not being able to spend money fast enough…<br /><br />I had a look at Wikipedia, and it turns out people have done studies and found that contactless [which isn't a word by the way] payment technologies tend to encourage people to spend more on small transactions, since it's now less hassle to perform them.<br /><br />OK, step back a moment. You see what this is? This isn't for <em>your</em> benefit at all. It's for the benefit of all those people who want you to give them your money. Those merchants must <em>love</em> having a new technology that makes people more willing to spend money!<br /><br />Also, I love the way the page talks about all the various security features in the cards. Because, you know, we're talking about a system where any arbitrary person who possesses the physical card can spend your money for you with <em>no authentication of any kind</em>. Any suggestion of security is purely an illusion. :-P<br /><br />I wander… is there any way you can legally force the bank to disable this absurd technology?Orphihttp://blog.orphi.me.uk/noreply@blogger.com