Originally Posted by Barry-xlovecam

There is so real reason with the technology today -- look at stock exchanges, commodity exchanges and FOREX -- why cannot interbank transactions be real time?

You log into your internet bank and pay the 'site'. Sites post their receiving account routing and account number -- the consumer uses his bank to initiate the transfer.

As far as security goes: sweep that account every hour. The one thing missing to do this on a large scale is a call-back post on the receipt of new transactions. Paypal has had a cgi post back for years i I know this can be done if your bank got off their ass. The recipient bank could charge you $0.05 per post back so the dumb shits are not making money where the possibilities exist.

You can do this now but it is batch processed there is a ACH 48 hrs delay in the US and a SEPA delay of up to 72 hrs. I am guessing this is more about the cash float of banks as the real obstacle.

• The work around is to set up a wallet;
• Adult content consumers fund it with ACH in the USA and SEPA in the Eurozone -- that is 800 million potential users and at least half the money spent on adult content.
• You would need a corporation in every country and a receiving bank account accessible to each central bank -- ECB, FED etc.
• If the World Bank picked up the slack or the whole system -- this would be a big plus.

At any rate VISA-Net is a creature of the 1970's and its days are numbered.