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0 pointsmsla2y ago0 comments

> The expectation in the industry is that there will eventually be interoperability between these systems

Why? Why would the companies presumably making good money with Zelle interoperate with something that's stealing their customers? It seems like there's no advantage for the entity running Zelle to allow interoperability, and there might even be ToS language preventing any bank or credit union currently in Zelle from so much as moving towards FedNow.

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rowls662y ago

The Clearing House and the Fed both operate ACH networks, and they inter operate. I expect that we will get a similar outcome in instant payments.

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rowls662y ago

The Clearing House and the Fed both operate ACH networks, and they inter operate. I expect that we will get a similar outcome in instant payments.

j / k navigate · click thread line to collapse