Hacker News new | ask | show | jobs
by loeg 633 days ago
FedNow is analogous to SWIFT, not applications like Giropay / iDEAL / wero.
2 comments

Wouldn’t it be closer to SEPA? i.e. both are single currency, low cost and instant(?), effectively the opposite of SWIFT.
I don't know about the others, but Giropay just does a redirect to your online banking account and prefills the bank transfer form. The actual payment is literally the instant bank transfer solution. (I think it's called TIPS, not SWIFT.)