this post was submitted on 28 May 2024
1055 points (98.8% liked)
196
16714 readers
2981 users here now
Be sure to follow the rule before you head out.
Rule: You must post before you leave.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
In Canada we have Interact e-Transfer. Basically all the banks colluded to make a system that allows for instant money transfer between banks using email or phone number as the recipient identifier, along with options for comments and security questions.
I felt like this was a huge step up compared to all the hoops and third party apps I had to use in Europe.
huh, yeah, i heard of similar things in the US
here it seems to be worked out through legislation though, rather than private deals, but that means it's much slower to get set in place