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Is this talking in any way about cutting out banks, credit card services, or payment processors? This is all just fluff talk right now is my guess. I'd feel lik
by rektide 5y ago
Is this talking in any way about cutting out banks, credit card services, or payment processors? This is all just fluff talk right now is my guess. I'd feel like I'd be way more interested in trying to formalize an inter-bank payment system that works better than ACH, which seemingly will never be real-time enough to make it viable for things like point-of-sale use.
- djdjfhsje33edh 5y agoIsn't that what FedNow is trying to do?
- judge2020 5y agoPerhaps, but the marketing has been very careful to only show things like "account to account transfers, bill pay, and person-to-person transactions"[0]. There is a slight mentions of paying for services at 2:25, but it's brief. 0: https://youtu.be/WGOW_1cYgM4?t=111 https://youtu.be/WGOW_1cYgM4?t=111
- hn_throwaway_99 5y agoThat already exists, although is still in its early stages: https://www.theclearinghouse.org/payment-systems/rtp https://www.theclearinghouse.org/payment-systems/rtp https://www.zellepay.com/ https://www.zellepay.com/