America's creaky payments infrastructure is showing cracks
Please enter a valid email.Please enter a valid email.Please enter a valid email.Please enter a valid email.Please enter a valid email.Please enter a valid email.Please enter a valid email.Please enter a valid email.Flashback: One layer up from the public payments infrastructure are private payments protocols, which are also brittle and prone to error.The bottom line: There's something wrong with America's payments infrastructure, which is still years away from the kind of real-time payments that are commonplace in countries from Sweden to India.