That's what hegseth says, but the law doesn't really say that AFAICT.

I call it department of war, because I think it is a great self-own on their part to do such a rename.

There will be no fighting in the war room!

This is pretty disconnected to how EU has been behaving towards both startups and AI.

I can assure you that south east asians also still have cards, despite not making most of their payments with it. Not all ATMs support withdrawing with just a QR code from all banks, for one.

There are benefits to non-QR based payment systems, such as not wanting to pull out your phone, open an app, scan a QR and approve to make a payment that takes me 2 seconds with regular contactless payments.

Physical cards are also a nice fallback to have in cases of running out of battery, theft, etc.

We do actually. The German Girocards were, until Maestro ceased to exist, often co-issued as Maestro + Girocard, and global acceptance was pretty good under the Mastercard network.

There are examples of other co-branded national payment systems out there (troy + Discover comes to mind).

If a European payment system (with cards, at a store) is to exist, then visa/mc will still want a piece of the pie by at least playing along to remain as a co-brand and taking their cuts from international payments.

The payment processing rates offered vary by country. It rarely goes above 1% in Germany unless you're really not shopping around or are really low volume.

A % of that also goes to the issuing bank*, not to MC/Visa, so I suspect the mentioned 0.2% is talking about what MC/Visa has as their cut.

*: That's also how banks can profitably offer things like cashback.

Depends if we are talking credit or debt cards

The low fees are for debt and high for credit cards and VISA/MC won't allow you to accebt only the debt cards

The fees for those are still often comparatively lower to the US rates posted above. Credit cards are also not popular here, so while I do own one, I suspect average % of a merchant still remains low. Amex also offers pretty good rates to low-volume merchants here to have more acceptance to my understanding.

The rates I posted are the full range. Because it varies yes.

You suspect average percentage is low but try to get a payment processor agreement and see within two years what you actually pay overall. It may get even above the rates I mentioned with fix costs the jeopardy to your business when a fraud does occur and the issuer blocks you from accepting any payment, or worse, accuses you of being the fraudster.

We are well educated by the financial system and VISA/Mastercard to believe this technology is for our own good. Many in the financial industry denounces their predatory practice, that of a cartel of 2 or 3 that imposed a dictate for decades. Things are finally changing, resistance will continue but you will see QR or some alternative will settle in.

fwiw: Discover technically goes through amex network in EU, and amex acceptance varies from pretty good (e.g. germany) to pretty awful. Completely incomparable to visa and mc acceptance ofc.

Where I live we have labor rights and if your job is delivering mail and you're given a horse for it, you'd only be expected to deliver as much mail as you can in your contractual work time, which is then limited by the legal limits (8 hours/workday, up to 6 days/week). So you'd be home for most of the day, but delivering less letters per day.

(where I live a car would also be slower for delivering mail than a horse, most delivery people are given trikes, but alas)

This is how all industrialization/automation works in general: When you have a way to deliver faster/more, you're given more mail to deliver in your work time. Your pay does not go up, but any given road blockage or instance of traffic makes you fall behind quota significantly more. You're not paid by how many letters you deliver, but by the hours you work. Maybe you even make less as there's less overtime. Post will then proceed to simply employ less people over time as each employee is made to deliver more letters, then maybe you're part of the people whose jobs are cut. Or they might just reduce wages for everyone anyways, as now the job is much more accessible and there's more supply of labor than there is demand.

This is not an argument against industrialization or automation, but your perspective of what would happen if we had more industrialization is... very narrow.

We must consider the potential future where there's simply not enough work for most people to do (a realistic future now), and how we'll prevent that from going the same way it would currently go (losing income -> losing domicile -> starvation/freezing/etc).

that seems like an issue with the website owner to me

A lot of websites for smaller businesses will not be run by technical people, they'll be run by business people or otherwise who don't understand cookies beyond "I see cookie banners on every website I visit, therefore to avoid legal trouble I need one too", you can't expect someone like that to understand the difference between tracking cookies and technical cookies.

We're a small business, <10FTE, and have no cookie notice at all. We don't track people.

Ah yes of course. How could I forget about poor Mom & Pop Co. and their 186 business partners that they want to share my personal data with. Surely we can't expect such a small operation to know what they are doing.

That's not the point I'm making, I'm saying whoever in Mom & Pop Co. set up the website may well not understand the difference between the cookie types and even if they are using no tracking cookies and sharing no data, they may well put a cookie notice on their website anyway as they're so common they think they're normal, the law allows for huge fines, and they're doing it out of an abundance of caution.

Strictly speaking, unless you do destructive actions, it's not stealing, but instead unauthorized access.

If I walk into your house, take a picture of your financial documents, that's not theft. That's still (potentially:) breaking and entering, trespassing, and depending on what I do with those pictures also fraud, but it's not theft.

This is all semantics of course, but I just really dislike the idea that digital data can be "stolen".

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But also: No one deserves to get their things broken into, but if you expose things to the internet without proper security, you can't cry too much if you get broken into I think. It's not okay (and possibly illegal? idk) for me to read other patients' medical records if they're in open display when I go to the doctor's office, but they also have an obligation to secure this information.

I do like the approach of "Mens rea" / "Guilty mind" overall, to differentiate of children/teenagers fucking around (ofc depends on the extent of what they do), white hat researchers finding vulnerabilities (should not be criminalized), and black hat people doing things with criminal intent.