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Originally Posted by wizhard
IMHO this will turn out be another stone the anti-porn brigade can throw at the adult industry as in many European countries a citizen can have their own bank account at 16 but can't legaly view hardcore porn untill their 18, ( the minumum age for a C/C and.....
Secondly, what about fraud protection ?, most C/C's come with some form of Internet fraud gaurantee .........would this system ? - and what would be means of arranging chargebacks ?
Thirdly, are Europeans really so trusting as to give out their bank details to strangers online ?.................I know I never would
Fourthly, Can you imagine what the philshers are going to do with a system like this ?
Like I say - sounds great in principal but I can see it causing loads of trouble.
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This system closely mimics the US ACH system/process. The US ACH system has been going strong for years and we see a bright future for this product and its ability to penetrate the EU market.
I believe that?s all the outstanding questions. Thanks everybody for your support!