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I'd be thrilled if US banks figured out how to do "instant" money exchanges. Today, if I pay my credit card from an account with a different bank, the payment
by alistairSH 2y ago
I'd be thrilled if US banks figured out how to do "instant" money exchanges.
Today, if I pay my credit card from an account with a different bank, the payment is reflected immediately in my Visa account, but takes 3-5 days to reflect in my main checking account. It's completely bonkers that a 100% electronic transaction takes days to fulfill.
- slumberlust 2y agoIt took us 15 years to get tap to pay; I wouldn't holdout on any of these dinos innovating anytime soon.
- tencentshill 2y agoThey want as much time as possible for that money to gain interest before it leaves their possession.
- BenjiWiebe 2y agoFedNow is slowly rolling out. We'll see what happens.
- krunck 2y agohttps://en.wikipedia.org/wiki/FedNow https://en.wikipedia.org/wiki/FedNow FedNow's list of participating financial institutions on their web site is a downloadable Excel spreadsheet. Innovation indeed.