Bank transfers as a payment method (2021)
bitsaboutmoney.com
Bank transfers as a payment method (2021)
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Re: Bank transfers as a payment method (2021)
#2In case you missed the other articles and discussions from this site, they are numerous and occasionally highly informative:
https://hn.algolia.com/?dateRange=all&page=0&prefix=true&que...
Re: Bank transfers as a payment method (2021)
#3In case you missed the other articles and discussions from this site, they are numerous and occasionally highly informative: https://hn.algolia.com/?dateRange=all&page=0&prefix=true&que...
Re: Bank transfers as a payment method (2021)
#4The article is probably right about FedNow likely not drastically improving things immediately, but maybe people will build good products on top of it over the coming years.
The launch is for late July https://www.frbservices.org/news/press-releases/062923-organ...
Re: Bank transfers as a payment method (2021)
#5Notably, Canada has a system that works like UPI from India and is very widely used: https://en.wikipedia.org/wiki/Interac_e-Transfer
Re: Bank transfers as a payment method (2021)
#6In case you missed the other articles and discussions from this site, they are numerous and occasionally highly informative: https://hn.algolia.com/?dateRange=all&page=0&prefix=true&que...
https://news.ycombinator.com/from?site=bitsaboutmoney.com ?
Initially I considered posting that link, but there are a lot of submissions which never caught on which made it a bit annoying to wade through.
Nevertheless, thanks for your addition!
Edit: I just noticed the site has been renamed, so some prior submissions are under https://news.ycombinator.com/from?site=kalzumeus.com
Re: Bank transfers as a payment method (2021)
#7Would be interesting to know how Canada's Interac e-transfers[1] compare to the Indian or Japanese systems. Probably the biggest inconvenience of Canada's system it the need to use an email address as the destination.
Re: Bank transfers as a payment method (2021)
#8Would be interesting to know how Canada's Interac e-transfers[1] compare to the Indian or Japanese systems. Probably the biggest inconvenience of Canada's system it the need to use an email address as the destination. [1] https://en.wikipedia.org/wiki/Interac_e-Transfer
I've never done it, but you can also use a phone number which sends a text message link.
Re: Bank transfers as a payment method (2021)
#9The article is probably right about FedNow likely not drastically improving things immediately, but maybe people will build good products on top of it over the coming years. The launch is for late July https://www.frbservices.org/news/press-releases/062923-organ...
Why can't it be setup in a way where people don't have to build good products on top of it? Why leave room for rent seeking?
Re: Bank transfers as a payment method (2021)
#10Would be interesting to know how Canada's Interac e-transfers[1] compare to the Indian or Japanese systems. Probably the biggest inconvenience of Canada's system it the need to use an email address as the destination. [1] https://en.wikipedia.org/wiki/Interac_e-Transfer
I've never done it, but you can also use a phone number which sends a text message link.
“Aliases” is the term of art when determining if an instant payment systems supports using a phone number, emails, etc for mapping to an underlying account.