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A comment on Fed announces details of new interbank service to support instant payments. Parent comment
Is that really true?
ATMs were first in Europe and Japan, BACS in the UK is older than ACH in the US.
I think this is more about lack of coordination (i.e. political reasons) than something like a natural first mover disadvantage.
German debit cards for example simply had both stripes and chip for the transition period.
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Is that really true?
ATMs were first in Europe and Japan, BACS in the UK is older than ACH in the US.
I think this is more about lack of coordination (i.e. political reasons) than something like a natural first mover disadvantage.
German debit cards for example simply had both stripes and chip for the transition period.