3 ms·
The ACH system is already a universal electronic payment system. Its run by the federal government and is close to free (the fed charges a fraction of a penny p
by ac29 1y ago
The ACH system is already a universal electronic payment system. Its run by the federal government and is close to free (the fed charges a fraction of a penny per transaction, most consumer bank accounts offer free ACH).
- AlotOfReading 1y agoI'm surprised a system with multiple days of settlement time where you have to enter 23 digits without a typo and reversal requires a bunch of paperwork never caught on with consumers.
- hhh 1y agoMoving from the US to the Netherlands and paying other people thru instant transfers with qr codes was life changing.