▲ 301 ▼ Fed’s new instant payment system could be trouble for PayPal, Venmo (arstechnica.com) submitted 3 years ago by L4s@lemmy.world [M, B] to c/technology@lemmy.world 87 comments fedilink hide all child comments Fed’s new instant payment system could be trouble for PayPal, Venmo::The Fed's goal is to connect 9,000 financial institutions nationwide.
[–] Slowy@lemmy.world 7 points 3 years ago (3 children) For real, we’ve had e-transfer forever… permalink fedilink source parent hideshow 3 child comments replies: [–] Bo7a@lemmy.ca 6 points 3 years ago We had bank to bank and bank to merchant over the internet in 1996. And by 2003 the interac e-transfer for customer to customer had rolled out countrywide. The history is actually pretty impressive. permalink fedilink source parent [–] Cryst@lemmy.ca 4 points 3 years ago (1 child) Wait. US banks don't have e-transfer???? permalink fedilink source parent hideshow 1 child comment replies: [–] astropenguin5@lemmy.world 4 points 3 years ago Yeah we're in the fucking stone age over here. No federal e-transfer, all private healthcare, practically no public transport besides in some of the bigger cities, and even that isnt very good most of the time. Also still using imperial, way behind on a lot of tech legislation, basically relying on EU rules to carry over. There's a reason we're the 3rd world country of 1st world countries permalink fedilink source parent
[–] Bo7a@lemmy.ca 6 points 3 years ago We had bank to bank and bank to merchant over the internet in 1996. And by 2003 the interac e-transfer for customer to customer had rolled out countrywide. The history is actually pretty impressive. permalink fedilink source parent
[–] Cryst@lemmy.ca 4 points 3 years ago (1 child) Wait. US banks don't have e-transfer???? permalink fedilink source parent hideshow 1 child comment replies: [–] astropenguin5@lemmy.world 4 points 3 years ago Yeah we're in the fucking stone age over here. No federal e-transfer, all private healthcare, practically no public transport besides in some of the bigger cities, and even that isnt very good most of the time. Also still using imperial, way behind on a lot of tech legislation, basically relying on EU rules to carry over. There's a reason we're the 3rd world country of 1st world countries permalink fedilink source parent
[–] astropenguin5@lemmy.world 4 points 3 years ago Yeah we're in the fucking stone age over here. No federal e-transfer, all private healthcare, practically no public transport besides in some of the bigger cities, and even that isnt very good most of the time. Also still using imperial, way behind on a lot of tech legislation, basically relying on EU rules to carry over. There's a reason we're the 3rd world country of 1st world countries permalink fedilink source parent