Fed’s new instant payment system could be trouble for PayPal, Venmo

L4sBot@lemmy.worldmod to Technology@lemmy.world – 297 points – Banks serving as guinea pigs for Federal Reserve’s instant payments system
arstechnica.com

Fed’s new instant payment system could be trouble for PayPal, Venmo::The Fed's goal is to connect 9,000 financial institutions nationwide.

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Same here in Canada, e-transfer with 0 fees is pretty normal.

It's been a while since I did it but you can authorize it so all e-transfers are automatically accepted and deposited. I can't think of a scenario where that would be a bad thing.