Fed’s new instant payment system could be trouble for PayPal, Venmo::The Fed’s goal is to connect 9,000 financial institutions nationwide.
Please! I’m so tired of everything being a private company that lobbies for stuff to stay the same. Places like Turbo Tax being a huge example of why it’s so ridiculous to file taxes in the US, where as in every other first world nation it’s either simple or the government does it for you
This is wild. Here in the UK we just transfer money from bank to bank in an instant using the banks own app.
Same here in Canada, e-transfer with 0 fees is pretty normal.
It’s been a while since I did it but you can authorize it so all e-transfers are automatically accepted and deposited. I can’t think of a scenario where that would be a bad thing.
