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this post was submitted on 05 Aug 2024
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TechTakes
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yeah here in ZA we've had futuristic banking since the 00s (straight-up USSD banking services were available), chip&pin have been around for probably a decade if not more
it did take a little while for NFC to roll out (probably because our banks are dicks and charge vendors for payment terminals, which many would bother not replacing while their existing ones work) but even that is well into "you can nfc-pay at shops in towns in the middle of nowhere"
afaik US banks are still working on the really, really hard problem of .... same-/next-day interbank payments. you know, that thing that most other places have figured out 2~3 decades ago? yeah
tbf I believe a contributing factor for US banks being stuck in the 1950s is regulation designed to prevent giant mergers. But I may be wrong.