News for hackers. Stuff that matters.

A comment on How U.S. Banks Took Over the World. Parent comment

Re:How U.S. Banks Took Over the World by kasperni on Wednesday September 04, 2019 @11:17AM (#20877953)
In my opinion the US is far behind with regards to retail banking. For example, in the US they are still arguing about real-time payments [1] while we had in years in most countries in Europe. We will probably have cross-country realtime payments with EMPSA [2] before the US has national realtime payments. With Fednow [3] having 2023-2024 as a target.

[1] https://www.politico.com/story/2019/07/19/big-banks-prepare-...

[2] https://www.paymentscardsandmobile.com/independent-mobile-pa...

[3] https://www.federalreserve.gov/newsevents/pressreleases/othe...

[ Parent | on HN ]
Re:How U.S. Banks Took Over the World by lacker on Wednesday September 04, 2019 @11:58AM (#20878448)
They are just arguing about the next-gen system that will achieve higher throughput. For consumers of US banks you can already do real-time payments with no fees with Zelle.
[ Parent | on HN ]