Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

> union of {payment information, KYC}

As in, if you're not matching the payment info to your customer info, you (which may be the company or the government passing the laws the company is following just fine) did it wrong.

Because, as pjc50 wrote, failing to do that is an obvious exploit for money laundering.

 help



Sorry, I don't get it.

If I'm underage, but already have a payment card, the identity of the card matches my name.

That is why dreadnip suggested the MitID approach.


> If I'm underage, but already have a payment card, the identity of the card matches my name.

And if a gambling site stops there and goes "LGTM", it's not the "union of {payment information, KYC}".

Union, as in combination of both.

KYC, as in "Know Your Customer". Looks like MitID is a thing that would be one way to do KYC? But I've only just heard of it, so belief is weakly held.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: