From my POV, the issue in USA is that there's no incentive[1] for ACH to be made better once banks could go nationwide and compete for clients that way. Making

From my POV, the issue in USA is that there's no incentive[1] for ACH to be made better once banks could go nationwide and compete for clients that way. Making ACH better made sense when banks were more fragmented and couldn't just lock customers in. [1] ACH is private institution started as better clearing house between banks, unlike systems like Poland's ELIXIR which is under aegis of polish equivalent of Fed