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Comment by cubefox | Hacker News Reader

Germany: https://en.m.wikipedia.org/wiki/Giropay

By the way, according the the Wikipedia article, the launch of the US American FedNow service is imminent. I wonder whether it has any chance against the more expensive but widely adopted credit card payments.

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Walmart is already preparing to adopt FedNow payments, and submitted comments during the public comment period.

https://www.pymnts.com/news/retail/2023/walmart-hints-at-ear...

https://www.federalreserve.gov/SECRS/2019/December/20191227/...

> Walmart has observed a severe misalignment of incentives that has plagued the payments system in the United States for decades. Certain incumbents and large participants enjoy massive profits by stifling innovation in payments, ensuring that account access is limited to a small number of networks, and perpetuating barriers to entry for alternative solutions. Controlling this access allows the dominant players to extract rents from other payments system participants, ultimately resulting in higher costs for all consumers, particularly consumers who are unbanked or underbanked.

They say it how it is.

They are ignoring the systemic manipulation of the entire market against people deemed "undesirable" or that are just poor.

But well, they probably never noticed it.

In an enemy-of-my-enemy perspective, Walmart comes out as the "good guy" here because their market position aligns best with the unbanked/underbanked audience.

Neiman-Marcus is less likely to complain about their audience not having access to modern payment rails; they might kvetch about the cost of accepting a Platinum Amex, but that's a different debate entirely.

but giropay is owned by a private company, not the state or central bank.

also it’s an online payment service, not sure you can use it for direct transfers or in person payments like those others

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