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Note that the author is British. Standard payments in the UK are made via the Faster Payments Service, which is free and almost instant in most cases. Contactle
by jdietrich 10y ago
Note that the author is British. Standard payments in the UK are made via the Faster Payments Service, which is free and almost instant in most cases. Contactless payment is near-ubiquitous in the UK, as is mobile banking.
- ci5er 10y agoThanks. I missed that when I read it. The UK also does not have 6.7K banks and various state regs... But, still, I was associated with a BankOne thing about two decades ago - they had been on an M&A spree and then wanted to "merge" about 80 core banking systems. After about $200M "wasted", the answer ended up being sticking a service bus in front of the lot and routing to the right core... And they were all digital too! :-)