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.