Yes. In Germany there is Giropay, where you get redirected to your online banking (it remembers your bank), you have to log in, and submit the already pre-filled transaction. It's literally a normal bank transfer from the user perspective. Not something that happens on the server side.
It's a scheme layered on top of regular SEPA bank transfers. As such, it does not work across borders, for example, and not even with all German banks.
> TIPS is a harmonised and standardised pan-European service with common functionalities for the settlement of Instant Payments across different countries and jurisdictions. It is based on the Single Euro Payments Area (SEPA) Instant Credit Transfer scheme.
> In 2020, Lael Brainard announced the upcoming FedNow service would provide "a neutral platform on which the private sector can build to offer safe, efficient instant payment services to users across the country",[20] after 2018 the European Central Bank launched the TIPS instant payment settlement system.[21]
Sometimes it can be worthwhile to see what other countries have been successfully doing for decades. It won't prevent anyone from reinventing the wheel if they still have their mind set on it :)
cubefox|1 year ago
loeg|1 year ago
lxgr|1 year ago
pjmlp|1 year ago
However I consider that highly unsafe.
loeg|1 year ago
cubefox|1 year ago
> TIPS is a harmonised and standardised pan-European service with common functionalities for the settlement of Instant Payments across different countries and jurisdictions. It is based on the Single Euro Payments Area (SEPA) Instant Credit Transfer scheme.
https://www.ecb.europa.eu/paym/target/target-professional-us...
> In 2020, Lael Brainard announced the upcoming FedNow service would provide "a neutral platform on which the private sector can build to offer safe, efficient instant payment services to users across the country",[20] after 2018 the European Central Bank launched the TIPS instant payment settlement system.[21]
https://en.wikipedia.org/wiki/FedNow
lxgr|1 year ago