this post was submitted on 24 Jul 2023
301 points (98.7% liked)

Technology

59039 readers
3323 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
 

Fed’s new instant payment system could be trouble for PayPal, Venmo::The Fed's goal is to connect 9,000 financial institutions nationwide.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 44 points 1 year ago (1 children)

Welcome to 2003!

-Signed: Canada.

[–] [email protected] 7 points 1 year ago (2 children)

For real, we’ve had e-transfer forever…

[–] [email protected] 6 points 1 year 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.

[–] [email protected] 4 points 1 year ago (1 children)

Wait. US banks don't have e-transfer????

[–] [email protected] 4 points 1 year 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