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A comment on Bank Transfers as a Payment Method. Parent comment

Re:Bank Transfers as a Payment Method by cubefox on Friday July 14, 2023 @05:28PM (#36730176)
Instant bank transfers are coming to the US now, literally this month. It's called FedNow and RTP.
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Re:Bank Transfers as a Payment Method by toomuchtodo on Friday July 14, 2023 @05:33PM (#36730229)
For some history, the biggest US banks built Zelle as a consortium because the Fed didn’t, and the Fed built FedNow because Congress didn’t want community banks beholden to the big banks for access to this capability.
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Re:Bank Transfers as a Payment Method by cubefox on Friday July 14, 2023 @06:43PM (#36730936)
Zelle? Is this the old name of RTP?
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Re:Bank Transfers as a Payment Method by toomuchtodo on Friday July 14, 2023 @08:21PM (#36731789)
They are distinct value transfer rails, but some Zelle payment flow currently does traverse the RTP system currently.

https://www.aciworldwide.com/real-time-payments-for-the-us

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