Is this something that you welcome?

Does it increase the risk of fraud?


--
Michael Chare

"Michael Chare" wrote in message
news
Is this something that you welcome?

Does it increase the risk of fraud?


always pay cash at a Paki run petrol station........

Michael Chare wrote:
Is this something that you welcome?

Does it increase the risk of fraud?


Well I can't quite see how it would be of significant benefit to me and
any increase in flow/spread of personal info has got to increase the
possibility of a leak and hence fraud.
It could possibly open the door to unsolicited offers to move bank
accounts and other financial products but we have a large recycling bin!

I would hope that open banking will have an opt out for customers but
not confident of this.
Contactless payment cards didn't have an opt out unless you decline the
cards or perform surgery with a craft knife.

On Fri, 13 Oct 2017 12:38:54 +0100, "New OAP ..."
wrote:


"Michael Chare" wrote in message
news
Is this something that you welcome?

Does it increase the risk of fraud?


always pay cash at a Paki run petrol station........

Racist.

"Mark" wrote in message
...
On Fri, 13 Oct 2017 12:38:54 +0100, "New OAP ..."
wrote:


"Michael Chare" wrote in message
news
Is this something that you welcome?

Does it increase the risk of fraud?


always pay cash at a Paki run petrol station........

Racist.


fact

"Michael Chare" wrote in message
news
Is this something that you welcome?

nope

haven't the faintest idea what it is supposed to do for me (and that isn't
because I haven't looked)


Does it increase the risk of fraud?

difficult to see how it wont

tim

"Bob Minchin" wrote in message
news
Michael Chare wrote:
Is this something that you welcome?

Does it increase the risk of fraud?


Well I can't quite see how it would be of significant benefit to me and
any increase in flow/spread of personal info has got to increase the
possibility of a leak and hence fraud.
It could possibly open the door to unsolicited offers to move bank
accounts and other financial products but we have a large recycling bin!

I would hope that open banking will have an opt out for customers but not
confident of this.

it is supposed to have

tim

On 13/10/2017 13:04, Bob Minchin wrote:
Michael Chare wrote:
Is this something that you welcome?

Does it increase the risk of fraud?


Well I can't quite see how it would be of significant benefit to me and
any increase in flow/spread of personal info has got to increase the
possibility of a leak and hence fraud.
It could possibly open the door to unsolicited offers to move bank
accounts and other financial products but we have a large recycling bin!

I would hope that open banking will have an opt out for customers but
not confident of this.
Contactless payment cards didn't have an opt out unless you decline the
cards or perform surgery with a craft knife.


Barclays do not appear to have an opt out option. They just say don't
tell other companies they can access your account.

--
Michael Chare

tim... wrote:


"Bob Minchin" wrote in message
news
Michael Chare wrote:
Is this something that you welcome?

Does it increase the risk of fraud?


Well I can't quite see how it would be of significant benefit to me
and any increase in flow/spread of personal info has got to increase
the possibility of a leak and hence fraud.
It could possibly open the door to unsolicited offers to move bank
accounts and other financial products but we have a large recycling bin!

I would hope that open banking will have an opt out for customers but
not confident of this.

it is supposed to have

tim



Yes I have now found this site
http://uk.creditcards.com/credit-car...-explained.php

which says
"Consumers first must agree to share their personal data to get
recommendations for the banking, credit or insurance products most
suitable to their personal financial circumstances. "

On Fri, 13 Oct 2017 14:04:36 +0100, Bob Minchin
wrote:

tim... wrote:


"Bob Minchin" wrote in message
news
Michael Chare wrote:
Is this something that you welcome?

Does it increase the risk of fraud?


Well I can't quite see how it would be of significant benefit to me
and any increase in flow/spread of personal info has got to increase
the possibility of a leak and hence fraud.
It could possibly open the door to unsolicited offers to move bank
accounts and other financial products but we have a large recycling bin!

I would hope that open banking will have an opt out for customers but
not confident of this.

it is supposed to have

tim



Yes I have now found this site
http://uk.creditcards.com/credit-car...-explained.php

which says
"Consumers first must agree to share their personal data to get
recommendations for the banking, credit or insurance products most
suitable to their personal financial circumstances. "

Also says "While open banking sounds great in theory ...".

No. It doesn't.

On Fri, 13 Oct 2017 13:56:32 +0100, "tim..."
wrote:



"Michael Chare" wrote in message
news
Is this something that you welcome?

nope

haven't the faintest idea what it is supposed to do for me (and that isn't
because I haven't looked)

It won't do anything useful for the customer. It will only allow
banks to harvest more of our personal data.


Does it increase the risk of fraud?

difficult to see how it wont

Of course it will increase the risk of fraud.

On Fri, 13 Oct 2017 13:46:38 +0100, "New OAP ..."
wrote:


"Mark" wrote in message
.. .
On Fri, 13 Oct 2017 12:38:54 +0100, "New OAP ..."
wrote:


"Michael Chare" wrote in message
news Is this something that you welcome?

Does it increase the risk of fraud?


always pay cash at a Paki run petrol station........

Racist.


fact

I'm glad you agree with me.

What is Open banking?

I don't like using cash machines even though we now have talking ones with
headsets. When you cannot see you cannot know if anyone is hovering waiting
to pounce. I want a person involved, and I certainly don't like any idea
where security can be compromised.
So as I say, what is Open banking?
Brian

--
----- -
This newsgroup posting comes to you directly from...
The Sofa of Brian Gaff...

Blind user, so no pictures please!
"Michael Chare" wrote in message
news
Is this something that you welcome?

Does it increase the risk of fraud?


--
Michael Chare

Seriously though, one problem we all now have to bear in mind is that with
so many people in this country using other languages, they could all be
discussing you and you would not know it. If you have ever gone into a
small country bar in certain parts of Wales, its amazing how many start to
speak in welsh.
Brian

--
----- -
This newsgroup posting comes to you directly from...
The Sofa of Brian Gaff...

Blind user, so no pictures please!
"Mark" wrote in message
...
On Fri, 13 Oct 2017 12:38:54 +0100, "New OAP ..."
wrote:


"Michael Chare" wrote in message
news
Is this something that you welcome?

Does it increase the risk of fraud?


always pay cash at a Paki run petrol station........

Racist.

On Fri, 13 Oct 2017 15:44:48 +0100
"Brian Gaff" wrote:

What is Open banking?

I don't like using cash machines even though we now have talking ones
with headsets. When you cannot see you cannot know if anyone is
hovering waiting to pounce. I want a person involved, and I certainly
don't like any idea where security can be compromised.
So as I say, what is Open banking?

It's supposed to provide better access to "financial products" from a
broad range of suppliers rather than just your own bank, by letting
banks and finance companies share customer information. It's a bit
like the online insurance and energy supplier comparison sites, for
banks.

Bob Minchin wrote:

I have now found this site
http://uk.creditcards.com/credit-car...-explained.php

https://www.openbanking.org.uk/about

On Fri, 13 Oct 2017 15:58:38 +0100, Rob Morley
wrote:

On Fri, 13 Oct 2017 15:44:48 +0100
"Brian Gaff" wrote:

What is Open banking?

I don't like using cash machines even though we now have talking ones
with headsets. When you cannot see you cannot know if anyone is
hovering waiting to pounce. I want a person involved, and I certainly
don't like any idea where security can be compromised.
So as I say, what is Open banking?

It's supposed to provide better access to "financial products" from a
broad range of suppliers rather than just your own bank, by letting
banks and finance companies share customer information. It's a bit
like the online insurance and energy supplier comparison sites, for
banks.

FSVO "supposed".

I don't consider it to be comparible with comparison sites.
It's more about banks trying to advertise and attempt to sell you more
stuff you don't need.

On 13/10/2017 13:45, Mark wrote:
On Fri, 13 Oct 2017 12:38:54 +0100, "New OAP ..."
wrote:


"Michael Chare" wrote in message
news
Is this something that you welcome?

Does it increase the risk of fraud?


always pay cash at a Paki run petrol station........

Racist.


If he's speaking from prejudice he's a racist. If he's speaking from
personal experience he's a realist. You didn't know which category he
was in so you had no right to call him an offensive name.

Bill

On Fri, 13 Oct 2017 16:46:15 +0100, Bill Wright wrote:

On 13/10/2017 13:45, Mark wrote:
On Fri, 13 Oct 2017 12:38:54 +0100, "New OAP ..."
wrote:


"Michael Chare" wrote in message
news Is this something that you welcome?

Does it increase the risk of fraud?


always pay cash at a Paki run petrol station........

Racist.


If he's speaking from prejudice he's a racist. If he's speaking from
personal experience he's a realist. You didn't know which category he
was in so you had no right to call him an offensive name.

But if its his personal experience of just one Pakistani should he then
cast all the same?

On Fri, 13 Oct 2017 16:46:15 +0100, Bill Wright
wrote:

On 13/10/2017 13:45, Mark wrote:
On Fri, 13 Oct 2017 12:38:54 +0100, "New OAP ..."
wrote:


"Michael Chare" wrote in message
news Is this something that you welcome?

Does it increase the risk of fraud?


always pay cash at a Paki run petrol station........

Racist.


If he's speaking from prejudice he's a racist.

Yes, he is.

If he's speaking from
personal experience he's a realist.

No. You can't generalise like this.

You didn't know which category he
was in so you had no right to call him an offensive name.

Yes, I do.

On 13/10/17 13:45, Mark wrote:
On Fri, 13 Oct 2017 12:38:54 +0100, "New OAP ..."
wrote:


"Michael Chare" wrote in message
news
Is this something that you welcome?

Does it increase the risk of fraud?


always pay cash at a Paki run petrol station........

Racist.


common sense.



--
Socialism is the philosophy of failure, the creed of ignorance and the
gospel of envy.

Its inherent virtue is the equal sharing of misery.

Winston Churchill

On 13/10/17 16:46, Bill Wright wrote:
On 13/10/2017 13:45, Mark wrote:
On Fri, 13 Oct 2017 12:38:54 +0100, "New OAP ..."
wrote:


"Michael Chare" wrote in message
news Is this something that you welcome?

Does it increase the risk of fraud?


always pay cash at a Paki run petrol station........

Racist.


If he's speaking from prejudice he's a racist. If he's speaking from
personal experience he's a realist. You didn't know which category he
was in so you had no right to call him an offensive name.

Bill
Far too many cousins back in the subcontent who can skim details
especially if he also glances at the 3 digit security code on the back.

I mistrust ANYONE who takes my card and processes it other one in my sight.

On sorry sir that card reader is playing up, try this one'

--
Socialism is the philosophy of failure, the creed of ignorance and the
gospel of envy.

Its inherent virtue is the equal sharing of misery.

Winston Churchill

Tim Streater wrote:
In article , Bob Minchin
wrote:

tim... wrote:

"Bob Minchin" wrote in message
news Michael Chare wrote:
Is this something that you welcome?

Does it increase the risk of fraud?

Well I can't quite see how it would be of significant benefit to me
and any increase in flow/spread of personal info has got to increase
the possibility of a leak and hence fraud.
It could possibly open the door to unsolicited offers to move bank
accounts and other financial products but we have a large recycling
bin!

I would hope that open banking will have an opt out for customers but
not confident of this.

it is supposed to have

Yes I have now found this site
http://uk.creditcards.com/credit-car...-explained.php

Thanks for that. I checked out the supposed benefits and there is
nothing there for me.

The worrying thing, gleaned from a couple of things I read seems that
customers have to authorise/deny organisation from obtaining their
banking information rather than it being controlled at source by their bank.

On 13/10/17 14:01, Michael Chare wrote:
On 13/10/2017 13:04, Bob Minchin wrote:
Michael Chare wrote:
Is this something that you welcome?

Does it increase the risk of fraud?


Well I can't quite see how it would be of significant benefit to me
and any increase in flow/spread of personal info has got to increase
the possibility of a leak and hence fraud.
It could possibly open the door to unsolicited offers to move bank
accounts and other financial products but we have a large recycling bin!

I would hope that open banking will have an opt out for customers but
not confident of this.
Contactless payment cards didn't have an opt out unless you decline
the cards or perform surgery with a craft knife.


Barclays do not appear to have an opt out option. They just say don't
tell other companies they can access your account.

Staggering, Since their new stockbroking website went live, I cant even
access my *own* account.


--
"What do you think about Gay Marriage?"
"I don't."
"Don't what?"
"Think about Gay Marriage."

"Bob Minchin" wrote in message
news
tim... wrote:


"Bob Minchin" wrote in message
news
Michael Chare wrote:
Is this something that you welcome?

Does it increase the risk of fraud?


Well I can't quite see how it would be of significant benefit to me
and any increase in flow/spread of personal info has got to increase
the possibility of a leak and hence fraud.
It could possibly open the door to unsolicited offers to move bank
accounts and other financial products but we have a large recycling bin!

I would hope that open banking will have an opt out for customers but
not confident of this.

it is supposed to have

tim



Yes I have now found this site
http://uk.creditcards.com/credit-car...-explained.php

which says
"Consumers first must agree to share their personal data to get
recommendations for the banking, credit or insurance products most
suitable to their personal financial circumstances. "

Hm,

"For example, instead of having your bank account with one provider, and
your credit card with another, you would choose a current account from your
bank, then select other products such as credit cards and insurance from a
wide marketplace"

So how is the second part any different at all from "having your bank
account with one provider, and your credit card with another"?

The only possible advantage that I can see here is if I can have
"guaranteed" switching al la utility switching.

So that If I have a credit card with ABC bank and I see that XYZ bank are
offering a better deal, I can force XYZ bank to give me their card instead
of the one that I already have from ABC Bank with no faffing about proving
"eligibility".

but I bet you my spare million pounds that this isn't on offer

(Unfortunately, I don't have as spare million pounds[1] - so no takers
please)

tim

[1] or even one that isn't spare

On 13/10/2017 16:32, Mark wrote:

It's more about banks trying to advertise and attempt to sell you more
stuff you don't need.


The problem appears to because the government is introducing new 'Open
Banking' laws. Barclays are perhaps a little ahead in complying perhaps
because of the other troubles they have been in.

--
Michael Chare

"Rob Morley" wrote in message
news:20171013155838.693d5803@Mars...
On Fri, 13 Oct 2017 15:44:48 +0100
"Brian Gaff" wrote:

What is Open banking?

I don't like using cash machines even though we now have talking ones
with headsets. When you cannot see you cannot know if anyone is
hovering waiting to pounce. I want a person involved, and I certainly
don't like any idea where security can be compromised.
So as I say, what is Open banking?

It's supposed to provide better access to "financial products" from a
broad range of suppliers rather than just your own bank, by letting
banks and finance companies share customer information. It's a bit
like the online insurance and energy supplier comparison sites, for
banks.

except it's not

When I use a switching site, whether insurance or utility company, the new
company do NOT look at, or even have access to, my transaction record with
the old one before accepting me.

Because I (and I presume most people) don't want to provide them with such
access.

And, for the same reasons, I don't want all and sundry having access to my
bank transaction data either

It beggars belief that the TPTB think that I might.

tim

"Tim Streater" wrote in message
.. .
In article , tim...
wrote:

"For example, instead of having your bank account with one provider, and
your credit card with another, you would choose a current account from
your bank, then select other products such as credit cards and insurance
from a wide marketplace"

So how is the second part any different at all from "having your bank
account with one provider, and your credit card with another"?

Search me. In fact that is how I've operated for the last 15 years.

well yes

never have your credit account(s) the same place as your deposit account(s)

if you do you will find that the bank can dip into your deposit account to
repay a debt in your credit account (obvious not as the first course of
action)

tim





--
"What causes poverty?" Wrong question. Poverty is our primordial state.
The
real question is, "What causes wealth?"

Hint: it ain't Socialism.

On Fri, 13 Oct 2017 17:58:52 +0100, "tim..."
wrote:



"Bob Minchin" wrote in message
news
tim... wrote:


"Bob Minchin" wrote in message
news Michael Chare wrote:
Is this something that you welcome?

Does it increase the risk of fraud?


Well I can't quite see how it would be of significant benefit to me
and any increase in flow/spread of personal info has got to increase
the possibility of a leak and hence fraud.
It could possibly open the door to unsolicited offers to move bank
accounts and other financial products but we have a large recycling bin!

I would hope that open banking will have an opt out for customers but
not confident of this.

it is supposed to have

tim



Yes I have now found this site
http://uk.creditcards.com/credit-car...-explained.php

which says
"Consumers first must agree to share their personal data to get
recommendations for the banking, credit or insurance products most
suitable to their personal financial circumstances. "

Hm,

"For example, instead of having your bank account with one provider, and
your credit card with another, you would choose a current account from your
bank, then select other products such as credit cards and insurance from a
wide marketplace"

So how is the second part any different at all from "having your bank
account with one provider, and your credit card with another"?

It isn't

The only possible advantage that I can see here is if I can have
"guaranteed" switching al la utility switching.

You can get this already.

On Fri, 13 Oct 2017 18:05:02 +0100, "tim..."
wrote:



"Rob Morley" wrote in message
news:20171013155838.693d5803@Mars...
On Fri, 13 Oct 2017 15:44:48 +0100
"Brian Gaff" wrote:

What is Open banking?

I don't like using cash machines even though we now have talking ones
with headsets. When you cannot see you cannot know if anyone is
hovering waiting to pounce. I want a person involved, and I certainly
don't like any idea where security can be compromised.
So as I say, what is Open banking?

It's supposed to provide better access to "financial products" from a
broad range of suppliers rather than just your own bank, by letting
banks and finance companies share customer information. It's a bit
like the online insurance and energy supplier comparison sites, for
banks.

except it's not

When I use a switching site, whether insurance or utility company, the new
company do NOT look at, or even have access to, my transaction record with
the old one before accepting me.

Because I (and I presume most people) don't want to provide them with such
access.

And, for the same reasons, I don't want all and sundry having access to my
bank transaction data either

Absolutely.

Michael Chare wrote

Is this something that you welcome?

Yep, security by obscurity doesnt work.

Does it increase the risk of fraud?

Nope.

New OAP ... wrote
Michael Chare wrote

Is this something that you welcome?

Does it increase the risk of fraud?

always pay cash at a Paki run petrol station........

I don’t bother and its always worked fine.

And I now use ApplePay which is completely secure anyway.

No merchant ever gets anything that is any use to them
after I have left the store to do extra transactions with,
each transaction has its own one time token that is no use
for anything but the transaction you personally authorised.

Bob Minchin wrote
Michael Chare wrote

Is this something that you welcome?

Does it increase the risk of fraud?

Well I can't quite see how it would be of significant benefit to me

It allows you to do banking transactions more conveniently.

and any increase in flow/spread of personal info

There is no increase in the flow/spread of personal info.

has got to increase the possibility of a leak and hence fraud.

Nope, trivial to secure.

It could possibly open the door to unsolicited offers to move bank
accounts and other financial products

Nope.

but we have a large recycling bin!

I would hope that open banking will have an opt out for customers

You dont appear to understand what open banking involves.
https://openbankproject.com/

but not confident of this.

Contactless payment cards

Have nothing to do with open banking.

didn't have an opt out unless you decline the cards or perform surgery
with a craft knife.

But you are free to put your card on ApplePay
and completely secure your physical card and
have a completely secure way to pay for stuff
that no thief can ever rape.

tim... wrote
Michael Chare wrote

Is this something that you welcome?

nope

More fool you.

haven't the faintest idea what it is supposed to do for me

Thats obvious. It will make it easier for
banks to offer better banking features.

(and that isn't because I haven't looked)

Does it increase the risk of fraud?

difficult to see how it wont

Corse it wont. Its completely trivial to
secure banking transactions properly.

ApplePay already means that you no longer need to
give a damn about what some dodgy merchant has
done with their transaction terminal, the merchant
terminal never gets anything that can be used for other
than the transaction you personally authorise after you
have left the store or done the online transaction.

"Mark" wrote in message
...
On Fri, 13 Oct 2017 13:56:32 +0100, "tim..."
wrote:



"Michael Chare" wrote in message
news
Is this something that you welcome?

nope

haven't the faintest idea what it is supposed to do for me (and that isn't
because I haven't looked)

It won't do anything useful for the customer.

Corse it will, it will make it easier for banks to offer
banking services because the api is standardised and
so it will be easier to implement banking apps etc.

It will only allow banks to harvest more of our personal data.

BULL****.

Does it increase the risk of fraud?

difficult to see how it wont

Of course it will increase the risk of fraud.

More bull****. The ApplePay api which makes it much
easier for apps to allow you to pay for stuff in fact
dramatically reduces the risk of fraud because no
online or bricks and mortar merchant gets anything
they can ever use for any fraud at all, because the
token they get is a one time token that can not be
used for anything other than the transaction you authorise.

"Mark" wrote in message
...
On Fri, 13 Oct 2017 13:46:38 +0100, "New OAP ..."
wrote:


"Mark" wrote in message
. ..
On Fri, 13 Oct 2017 12:38:54 +0100, "New OAP ..."
wrote:


"Michael Chare" wrote in message
news Is this something that you welcome?

Does it increase the risk of fraud?


always pay cash at a Paki run petrol station........

Racist.


fact

I'm glad you agree with me.

...they certainly are racist

"Mark" wrote in message
...
On Fri, 13 Oct 2017 17:58:52 +0100, "tim..."
wrote:



"Bob Minchin" wrote in message
news
tim... wrote:


"Bob Minchin" wrote in message
news Michael Chare wrote:
Is this something that you welcome?

Does it increase the risk of fraud?


Well I can't quite see how it would be of significant benefit to me
and any increase in flow/spread of personal info has got to increase
the possibility of a leak and hence fraud.
It could possibly open the door to unsolicited offers to move bank
accounts and other financial products but we have a large recycling
bin!

I would hope that open banking will have an opt out for customers but
not confident of this.

it is supposed to have

tim



Yes I have now found this site
http://uk.creditcards.com/credit-car...-explained.php

which says
"Consumers first must agree to share their personal data to get
recommendations for the banking, credit or insurance products most
suitable to their personal financial circumstances. "

Hm,

"For example, instead of having your bank account with one provider, and
your credit card with another, you would choose a current account from
your
bank, then select other products such as credit cards and insurance from a
wide marketplace"

So how is the second part any different at all from "having your bank
account with one provider, and your credit card with another"?

It isn't

The only possible advantage that I can see here is if I can have
"guaranteed" switching al la utility switching.

You can get this already.

for cards. no I can't

I may be able to find a site that will recommend a new card - but there's no
such thing as "switching cards"

tim

On 13/10/2017 22:07, Huge wrote:
On 2017-10-13, Michael Chare wrote:
On 13/10/2017 16:32, Mark wrote:

It's more about banks trying to advertise and attempt to sell you more
stuff you don't need.


The problem appears to be because the government is introducing new 'Open
Banking' laws.

In a desperate attempt to introduce some actual competition in the
banking market.



Well they appear to be going to destroy the competition in the energy
market.


--
Michael Chare

Brian Gaff wrote

What is Open banking?

https://openbankproject.com/

I don't like using cash machines even though we now have talking ones with
headsets. When you cannot see you cannot know if anyone is hovering
waiting to pounce.

Then you should be paying for stuff with
ApplePay so you don’t need cash anymore.

I want a person involved,

You can get cash at normal checkouts.

and I certainly don't like any idea where security can be compromised.

Then you should be using ApplePay.

Even if someone grabs your phone,
they can't get any of your money and
its easy to have something that prevents
them grabbing your phone too.

So as I say, what is Open banking?

I already told you boy
https://openbankproject.com/

"Michael Chare" wrote in message
news
Is this something that you welcome?

Does it increase the risk of fraud?


--
Michael Chare

Brian Gaff wrote

Seriously though, one problem we all now have to bear in mind is that with
so many people in this country using other languages, they could all be
discussing you and you would not know it. If you have ever gone into a
small country bar in certain parts of Wales, its amazing how many start to
speak in welsh.

That’s because of your rabid foam flecked lips and
blood shot eyes and they are discussing whether
to beat the **** out of you before you blow them up.

"Mark" wrote in message
...
On Fri, 13 Oct 2017 12:38:54 +0100, "New OAP ..."
wrote:


"Michael Chare" wrote in message
news Is this something that you welcome?

Does it increase the risk of fraud?


always pay cash at a Paki run petrol station........

Racist.