[the8472]

If only there was a Standardized Electronic Payments API supported by all banks, perhaps with interoperable bank account numbers. Then you could just send money to any account without the need for credit card providers.

[bobthepanda]

Target date 2023: https://www.federalreserve.gov/paymentsystems/fednow_about.h...

[teatree]

In India its called UPI. Maybe others can pick up on this innovation?

[unmole]

Banks still control what you can do with UPI. Several banks threatened to close customer accounts if they traded crypto currency.