If it’s possible in a union of 27 nations with originally very disparate banking systems, it’s certainly possible in America. There’s just no political will.
There's no political will because of this fatalistic B.S. There have been multiple bills presented in Congress. The result is usually the same: lukewarm support.
(My favorite: a rep talking about cutting wire fees, making them 24/7 and mandating interoperability saying they got letters complaining because she talked about banking. Nobody wrote in support. Guess what got dropped from the bill.)
It is not a matter of lack of passion or organization. It is a matter of corruption.
This is sort of like saying the wealthy have no power because look at John McAfee. Bernie didn’t propose bank interconnects. Occupy didn’t propose anything. (I was there.)
Payment infrastructure modernisation, by statute, simply doesn’t have political support in America. It’s between people who want to abolish banks and capitalism and an uncaring supermajority.
Through regulation sure, but that wasn't the parent's point. Without regulation there is virtually no incentive for banks to play ball.