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A comment on The Fed Is Behind the Capital One/Discover Merger. Parent comment

Re:The Fed Is Behind the Capital One/Discover Merger by bostik on Friday February 23, 2024 @01:22AM (#39477563)
See SEPA payments in EU: https://en.wikipedia.org/wiki/Single_Euro_Payments_Area

Or UPI in India: https://en.wikipedia.org/wiki/Unified_Payments_Interface

So to answer your question: with law on your side. You limit price gouging, and mandate interoperability with a cheaper system.

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Re:The Fed Is Behind the Capital One/Discover Merger by arcticbull on Friday February 23, 2024 @02:26AM (#39477865)
SEPA is roughly the same as FedNow, which is has been live for almost 8 months now.

It's not comparable to VisaNet.

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Re:The Fed Is Behind the Capital One/Discover Merger by kgwgk on Friday February 23, 2024 @02:09AM (#39477785)
That’s an example of regulation - not of a central bank providing anything.
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Re:The Fed Is Behind the Capital One/Discover Merger by RandomLensman on Friday February 23, 2024 @04:27AM (#39478625)
TARGET, i.e., cross-border interbank, is operated by the European central banks
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