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| ▲ | bawolff 2 days ago | parent | next [-] |
| Only in America. The rest of the world figured it out. |
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| ▲ | disgruntledphd2 2 days ago | parent [-] | | To be fair, this is because the US figured this stuff out way earlier through credit cards, and now there's a bunch of stakeholders and legacy changes which get in the way of making the services better. | | |
| ▲ | FabHK 2 days ago | parent [-] | | Indeed, and there are some good reasons, too: US regulators want to prop up smaller regional banks and avoid large national monopolies (for what is essentially a natural monopoly). The externalities of the crappy US banking system are so vast though. Musk, crypto, ... |
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| ▲ | walthamstow 2 days ago | parent | prev | next [-] |
| Inside the same country, really? We have the aptly-named Faster Payments in the UK and it's instant. The company I work for is virtually built upon it. https://en.wikipedia.org/wiki/Faster_Payment_System_%28Unite... |
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| ▲ | KellyCriterion 2 days ago | parent | prev [-] |
| SEPA is among the most stable & robust payment areas globally with a lot of interesting features which a lot of other regions are jealous about :-)
And there are additional layers built on top, so at least we have N=1, while I have to admit that convenience could & should be improved |
