WeRe bank

Society of the Spectacle wrote:anyone got a Link to the Video exposing the Credit card ?

actinglikeabanker wrote:I guarantee you that you will not be able to use it within Tesco etc as there is no WeRe interface ISO.

Each provider of point of sale (POS) transactions has either their own ISO interface specification (which cost a great deal of money to implement and is not worth it for most companies) or uses an-others interface and pays fees for the pleasure.

Should there be a WeRe POS terminal then it could be possible to have it back end via the internet to a database on a PC, but I assure you no acquirer (ACQR) will accept a transaction from WeRe as there will be no way of parsing the transaction, nor will the data on the card be in a format they understand.

Also for WeRe to be attached to a switch as an issuer (ISSR) they would need to pay, in accepted currency for the pleasure of doing so.

In summary, a transaction works as follows ACQR is the shop/supermarket that acquires the transaction this is then sent to a switch which may be owned by the ACQR or ISSR but these things cost a fortune (one example is a HP nonstop tandem and can run into hundreds of thousands/millions, and that doesn't even include technical support). When a transaction hits the switch and depending on who owns the switch or if it goes straight to the ISSR (i.e. it can circumvent the switch if the ACQR and ISSR are both the same, VISA for example, this would fit the WeRe profile i.e. WeRe ACQR POS sent via the internet to WeRe computer with a basic database, I am fairly confident WeRe does not own a switch).

Many institutions use LINK as the ACQR as seen on POS devices, there are others but for this purpose, you get the idea.

If for example it is a LINK acquired transaction then it gets sent to the switch in the form of a bitmap which indicates which fields are present (Track one, Track two, Tertiary, or if it is a chip transaction which basically contains all the information on the tracks (mag-stripe) but within the chip, known as EMV data or field 55).

This is then parsed through the ACQR interface (basically a long piece of code that takes the data and puts it in the fields i.e. translates it from hexadecimal or similar into the various fields such as ACQR ID, ISSR ID, Account number etc etc) and sends this to the switch, the switch then translates the data using something like FIN_FORMAT_FROM_ACQR to FIN_FORMAT_TO_ISSR this could be like VISA, MasterCard etc. Basically it is transferring it from one set of fields to fit into a recognizable set of fields for the ISSR.

The transaction then goes to the ISSR i.e. your bank and then its is approved, declined etc and the process is reversed back to the ACQR translating the response back into a understandable format for the POS including any response codes etc. This all happens in a small amount of time, normally seconds.

So, if any of that makes any sense then I hope you can see that it is a very costly procedure to implement, if a ACQR uses an-others interface like LINK then there is a fee (for example 50 pence charge if under £5 sales). If a ACQR interface like LINK use a switch not owned by them then that is another fee for processing the transaction, the same with the ISSR. And I have not even covered annual mandates that are released twice a year by VISA and MasterCard and these are mandatory.


So in short, it is highly likely a WeRe POS will connect to a PC via the net, I would not be surprised if it is not secure as I doubt WeRe bank will be using a HSM (also cost a lot of money, works with keys and encryption) and if it is encrypted it will most likely be manual meaning it is easily hack-able as the keys will be stored on the POS.

A man in the middle attack would be a piece of piss again because the security will not be thought out properly and I doubt the transaction will be to hard to parse and manipulate. I guarantee there will be no fraud protection, meaning, for example if I had access to a POS device or the IP then it would be easy to make you a Re millionaire or Re bankrupt, and I can pretty much guarantee there is no back end support, working for Re other than POE.


We had a discussion about WeRe a while back and it was proved that POE will be coming for those PROM notes on maturity.

actinglikeabanker wrote:WeRe was discussed quite a lot on the old site. I think there is a few years before those first prom notes start getting called upon, isn't it 10 years?.

Personally, I have never felt comfortable with WeRe/POE but, that is just my opinion.

Society of the Spectacle wrote:This vid contains the Mistake ,
can't remember what it was just Now.
( Im still waiting for someone to ask how to stop Peter from taking their home )

Svetlana wrote:"We have received numerous reports from financial institutions, councils, utility companies and other businesses that have been presented with WeRe cheques by consumers attempting to pay off their debts. None of these institutions has accepted the cheques as legitimate payment".


https://www.fca.org.uk/news/news-stories/consumer-notice-were-bank

LionsShare wrote:

actinglikeabanker wrote:WeRe was discussed quite a lot on the old site. I think there is a few years before those first prom notes start getting called upon, isn't it 10 years?.

Personally, I have never felt comfortable with WeRe/POE but, that is just my opinion.

What ALAB says is to a point true. There is a slight chance POE will not call in the prom note as POE did state on his web site all prom notes were underwritten. What if POE does come a-knockin’. Well there are a couple of options that all concerned may consider.

1. Write out a new prom note for (I think the prom note was for) Re. 148000 (if I remember correctly it was dual £150000/Re148000) & state your own terms & conditions – see various yt vids.

2. If you still have the account with Re148000 simply write a cheque for the full Re 148000 on plain white paper. Cheques can be written on ANY paper so long as account & other required details are present to complete the transaction.

Remember pay POE in Re because that’s what he accepts.

Research the Bills Of Exchange Act 1882 sections 42 – 43 (Dishonour by non-acceptance and its consequences) if POE refuses to accept the Re148000 then he dishonours the alleged debt & it never existed.

http://www.legislation.gov.uk/ukpga/Vict/45-46/61/section/43

Could rightly ask what is the definition of FIAT currency:

https://www.collinsdictionary.com/dictionary/english/fiat-money

extract:

"noun

money declared by a government to be legal tender though it is not convertible into standard specie
Collins English Dictionary.

fiat money in American
US
currency made legal tender by fiat and neither backed by, nor necessarily convertible into, gold or silver"

also:  

https://en.wikipedia.org/wiki/Fiat_money

"Intrinsically valueless money used as money because of government decree.["

If it did go to court ask the judge what exactly is POE supposed to be paid in? Even better ask how do I pay an amount of NOTHING?

Comments invited.

aarons1950 wrote:Remember pay POE in Re because that’s what he accepts.

Peter the Conman has made it clear to all his members that he dont' take payment in Re, he only wants payment in cash.

aarons1950 wrote:So if the Re isnt' good enough for him why would anybody else agree to be paid in it?

howardappel wrote:
So let me see if I have this correct.  You use gas, you use electricity but you believe that instead of paying for these items with what society recognizes as money, you should be able to print out some magical documents which the gas/electricity/etc. vendors should be required to accept in lieu of money.

Please tell me what you do for a living and do you accept a4v as payment for your services/products/etc.?  If no, why not?

I would like to hire you, to do whatever.  I promise to pay you with a WeReBank check or with the a4v magical papers.  Is that acceptable to you? If no, why not?

Please don't dismiss my questions as those of a shill or troll.  I am seriously interested in why you believe that you are not required to pay your bills using what society considers valid money and am seriously interested in why you believe that a4v or WeReBank should be accepted.

Thank you,

Howard M. Appel

Svetlana wrote:How about you answering the questions asked?