Personally I love aspects of the PSD2 directive, particularly the fact that by law banks must open up APIs to allow direct person to person and person to merchant payments. That is a huge step in cracking the stranglehold that EMV has on the payments space and allowing innovation and competition - though EMV is still working hard to make true competition difficult at every turn (refusing cert for payment devices that use cryptocurrency, both terminals and payment instruments).
When it comes to categorizing huge swaths of the globe, I admit we’re being a bit myopic. My comment here was referring to only the specific bit of PSD2 which I think oversteps - nobody can be trusted to handle themselves, so make everyone wear a helmet in public. If there are already provisions to handle fraud in other parts of EU law or PSD2 specifically, why the overprotection? Also, why mandate it instead of mandate the option for someone to enable it, or just mandate this protection be turned on by default, but allow the customer to turn it off of their own volition. These provisions for allowing the individual to take any sort of adult responsibility for their own risk analysis are likely never even considered by EU lawmakers, because it’s not part of the culture. American culture is heavily slanted toward the individual, and while outcomes don’t always support this point of view in the end, at least it is heavily considered along every step of the way.
As far as losing everything because of identity theft, there is a lot of nuance in these cases of course but nothing like that is ever going to happen if you simply lost your payment ring. You won’t be driven into crippling debt because you lost your payment bracelet… not even here in America
I agree, I just wanted to say that not all regulation is bad.
I think we have way too much regulation in most areas, but we also have too little in a few.
And yeah, the finance industry is a cancer and this alongside my largely anti-state ideology is what brought me to work in the crypto space in the first place. It then devolved in people just wanting to make a quick buck and while there is still interesting stuff happening those guys have sucked most of that passion out of me.
Also, why mandate it instead of mandate the option for someone to enable it, or just mandate this protection be turned on by default, but allow the customer to turn it off of their own volition.
In a perfect world everythign would be optional, but making stuff optional is harder and requires more infrastructure than imposing a one-size-fits-all ruleset. I do not like it better, I think it could be better but I also see why it is being done this way.
American culture is heavily slanted toward the individual, and while outcomes don’t always support this point of view in the end, at least it is heavily considered along every step of the way.
Yeah, that I see as an ousider as well. Your culture is really individualistic, which I appreciate, I would love the US if your politics were as individualistic as your culture lol
As far as losing everything because of identity theft, there is a lot of nuance in these cases of course but nothing like that is ever going to happen if you simply lost your payment ring. You won’t be driven into crippling debt because you lost your payment bracelet… not even here in America
Yeah, that was just an example of how differently victims of fraud are treated in the EU compared to the US. Losing a payment wearable is definitely not the same as getting your identity stolen to get a mortgage in your name.
It is between the Russian plant and the business-as-usual corrupt guy, at least this is what it looks like from over here lol
Our options also suck, so we understand. We’re all in the same boat in the end.
Same here unfortunately. I was under the impression that it would take a MasterCard debit but it only accepts curve. Kinda upset since their site says it works with MasterCard but whatever I guess… I’m sure Curve will come to Canada soon enough.
I’ve been in contact quite a bit with Astari and they really have no interest in the US market and have no ties with Curve. (I don’t think they handle anything other than the fashion in house)
I tried to reach out to Curve and have not been able to get in touch with anyone
Hey all. Doing a small necro here with valuable added info.
After trying out several wearables to find one suited for conversion, I think I’m ready to settle on Astari, to send from the EU.
My focus points of my trial periods have been to find one where I wouldn’t ever need the original physical card again for verification, and hopefully a lifespan of at least 5 years.
I’ve now spent over €300 without having to verify or re-link my Astari. I noticed when connecting my Curve card with it, that the agreement listed it as a digital payment method/mobile wallet, which is exempt from the PSD2 requirements (As seen on Google Pay and Apple Wallet instances).
So hopefully this should be a good to go. However, I’d love some advice on how to proceed now, as I’m just about ready to go for the custom conversion.
@amal@Pilgrimsmaster What is needed from me, besides payment and the chip for conversion?
Should I extract the chip from the wearable myself before sending it in? Currently I’m using the keyring, but I have just ordered the bracelet as well and can send both, and you can just convert whichever seems the most viable?
Which form factor will the chip be in when finished? I’d like to consult with my implant professional, if I need to order the custom needle or anything else, I’d also love some input from the experienced people here.
Is the converted chip viable to implant in L5 or L4? I have xSIID LED in L3 and xMagic in L2
As some extra info, in my trials I’ve tested LAKS Pay with tokenization (Forced me to use the physical insertion chip on original card for the PSD2 verification) and K-Pay (Works, but expires like Walletmor).
We’re going to need pictures of the physical antenna and chip inside the keychain to determine if it can be converted. If it’s potted in resin it’s unlikely Amal will be able to convert it. It could also help to have the Taginfo scan so we can determine the chip characteristics
I believe the image shared by @SteffanDonal is the chip inside of the Astari.
But I can pull it apart. I’ll just wait a moment for the bracelet to arrive, in order to determine which one is easiest to do so with.
Scanning the chip reveals this:
** TagInfo Scan (version 5.0.0) 03-Jun-24 15:50:52 **
Report Type: -- IC INFO ------------------------------
# IC Manufacturer:
Unknown Manufacturer
# IC Type:
Unknown IC implementing ISO/IEC 14443-4
# NFC Forum NDEF-compliant tag:
Type 4 Tag
# MIFARE applications:
No known MIFARE applications found
# Application information:
Type 4 Tag v2 application present
Proximity Payment System Environment (PPSE) present
MasterCard card
* Label: "DEBIT MASTERCARD"
* Priority: 1
Unknown application
@SteffanDonal Well, that simplifies everything. Any chance you have a picture of the implant prior to installation that I could bring to my installation professional?
And did you use the custom needle that you can buy on the shop?
@SteffanDonal Thank you for the info. I’ll consult with my installer. I am very satisfied with his installs of my xSIID and xMagic, but those are also much smaller and easier to install. I don’t think he has much experience with this type.
Did you have any other experiences you can share with me, so I can prepare as best as possible?
Where did you get it installed? Is it viable to install it in L5 or L4, near the blade of the hand? Seems the easiest location to hover over a payment terminal.
I’m in the process of converting another one of these right now… the chip height and passives on board do pose a bit of a challenge but ultimately it is convertible.
