Comment by cubefox

> Wish we could do the same for the credit card companies.

FedNow can replace credit cards for cases where chargeback or actual credit isn't necessary. So for many ordinary cashless payments.

Arguably even for many cases (small to medium amounts of money) where the possibility of chargeback seems useful FedNow could be better in expectation, because the fees are lower. The credit card companies are making money after all. Using them for chargeback is like buying insurance for things you can replace out of pocket: On average, you make a loss.