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A comment on Balanced Will Release an API to Push Money to Debit Cards. Parent comment

Re:Balanced Will Release an API to Push Money to Debit Cards by mbesto on Wednesday January 22, 2014 @07:16PM (#7106289)
As someone who spent a lot of time in the UK/EU and is now back in the states, I'd love for someone with insight/experience in the EU/UK to explain how the economics make it possible for a system of banks to talk to each other without charging the users.

The US economics are pretty simple - banks know they can charge for it.

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Re:Balanced Will Release an API to Push Money to Debit Cards by steveklabnik on Wednesday January 22, 2014 @07:21PM (#7106300)
I am from the US as well, and am not a lawyer, but my understanding is basically

TL;DR: regulation

* http://en.wikipedia.org/wiki/International_Bank_Account_Numb...

* http://en.wikipedia.org/wiki/Single_Euro_Payments_Area

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