balders93
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This is a bad analogy. Zippay is built on top of SEPA. It's just a lookup table of phone numbers to IBANs that the banks manage.
Revolut might join Zippay
- Thread starter ClubMan
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It sounds like Revolut have concerns PTSB, AIB and BoI may introduce a system that crashes, is really slow, doesn't work right, and is full of bugs.
No idea why they might have that impression or concerns.
If it's just a link to an Italian database of phone numbers and IBANs which fills in a SEPA Instant transfer, it should be ok. If it instead is a custom built technology that interfaces with three legacy banks's IT systems......
A better analogy would be Hi-MD mini discs. It's great technology, but only if it came out 5 years ago. We've already got mp3 in the meantime, so your high capacity discs are too little too late.
Inexpensive
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I had only a vague memory of it, thanks for the link
Inexpensive
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Things are changing so fast these days. Analogies aren't what they used to be!
Was that loc8? That was an innovative idea that I thought should have been given a fairer shake. Very versatile and solved both the location problem and the routing problem (which eircode does not).
Dr Strangelove
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It was given a fair shake and found desperately wanting as it is not unique. There are two loc8 codes for my house for example!
To stay on topic, imagine putting in place a system that routed funds to one of your two bank accounts randomly and occasionally to someone else’s entirely.
Went on it, gave the location permission it asked for and the code popped up. The hard part was finding the website in the first place.
LOC8 – Theft Deterrence & Location Solution
For all business owners and employees of Survey & Mapping, Civil Engineering and Building Construction industries, LOC8 is an essential addition to total stations.
leica-geosystems.com
Imagine putting in place a system that decides itself which of your bank accounts it'll work with an directs funds only to that one.
Brendan Burgess
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But only after having been edited by me!
Brendan Burgess
Founder
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And neither would my washing machine have been much use to you for that transaction.
But that does not mean that my washing machine is useless.
How much was your car €20,000?
I have rarely transferred this amount to an individual.
I frequently transfer amounts of less than €1,000 to individuals and I frequently receive them. Some have Revolut. Many don't and it's a pain giving them IBANs so we generally just say "Wait until we next meet and pay in cash".
So Zippay will be brilliant for those.
But just to be absolutely clear Zippay won't be any use in cleaning my clothes.
Brendan
Where's the pain? Open app, tap on IBAN, open messaging app, tap paste, send.
I could be totally wrong...
From memory its was better than eircode because it's not limited to buildings you can use it to locate things like pitches or safety equipment at the beach and such. ML
But from memory they wanted a system that was locked down so commercial operators would have to pay to use it. A proprietary closed system. Eircode delivers that.
Garmin used Loc8. I think the emergency services use it. But like the national children's hospital no point crying over split milk.
Dr Strangelove
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You are!
But who needs to deliver packages to lampposts and life buoys? And a large building will have multiple loc8 codes whereas the eircode will specify the exact delivery point.
Of course! Someone has to pay to maintain the database and update it for new houses and premises. Punters like you and me can make ten lookups a day for free.
A few minutes? Be fair, once you spot the link its three clicks and zoom in on the map. Couldn't be simpler. "Pointless" is extreme, no?
Both those codes will get your letters delivered. Clearly misleading to compare a house address to a bank account. Its also a feature, not a bug. Allows navigation to non-eircode/non-postal locations (with routing data). Particularly useful for emergency services.
Off topic I know, but posts are somewhat misleading and it's an innovative (Irish) idea.
It's only pain if you have to do that after you have been using RevTag or Revolut QR code to give your details!
Not on mobile. I couldn't figure out how to use it in a few minutes so gave up.
No.
Who needs to find a life buoy lol. People need to find things that aren't buildings and eircode can't do it. It's less capable system.
It's was implied eircode won based on being better. It wasn't and isn't. A worse system was picked to make a buck IMO. Is why two eircodes which are only one number apart might not be beside each other.
It didn't have to require a database it could have been a procedural generated and it could have been open source.
Water under the bridge now. It matters not.
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Loved mini Disk and had a H-MD. I would suggest it wasn't simply late. Sony locked out its proprietary ATRAC with DRM way to long. The Hi-MD finally had no DRM and could record in PCM (CD quality) and play MP3. But it was already too late. But at this point the iPod was out. The SQ on that early iPod wasn't great and neither were MP3s. But didn't seem to matter.
I digitized my cassettes with Hi-MD before getting rid of the cassettes. It would spilt the tracks up making it easy to convert to MP3.
Vintage units gone very expensive now.