PayPal is free for friends&#x2F;family when you use a bank account instead of a credit card. And a variety of US banks already allow you to transfer money via ACH for free, even between banks.<p>EFTPOS actually originated in the USA in the 1980s. In the NYC area it was known as &quot;NYCE&quot; and centered around ATM sharing.<p>Citibank didn&#x27;t join and that one drunk friend who&#x27;d insist on walking eight blocks in a shady neighborhood at 3am to save a buck pretty much killed the movement.