Banks earn revenue from interchange fees on debit and credit card transactions. Consumers don’t have any incentive to leave behind their current rewards progra

Banks earn revenue from interchange fees on debit and credit card transactions. Consumers don’t have any incentive to leave behind their current rewards programs. Merchants want to accept any payments they can and/or don't have leverage to fight the fees that partially fund networks using rewards to compete for customers. Perhaps something will arise from FedNow like efforts but as consumers don't see the inflated prices from those rewards programs I don't see any incentives to change.