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Payments are one of things that we do every day - they just happen, really they are just like magic!!!! But we don't wake up and think today I want to make a payment - we just want to pay a bill or buy a coffee but payments make them happen. Paradoxically we both know more about them than we think and yet at the same time very little about what they are and how they work. I have spent a lot of time in our industry doing education and training sessions on Payments and I kinda thought it would ...
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Welcome back to Bitesize Payments. Where we discuss their history, how they work and who does what. Today we are going to do the reverse of the last podcast with Eric Grover – we will be looking at Europe from an American's point of view. We say Europe, but what do we mean? What’s the EU, SEPA, and EEA? We will walk you through that. Obviously, Eur…
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The US Payments System from a Europeans PoV
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Welcome back to Bitesize Payments where we look at their history, how they work and who does what. When we look at the payment systems of another region, they often seem impenetrable due to different brand names, terminologies, use cases, and cultural nuances. You might be thinking, aren’t payments just payments around the world? Well, yes and no. …
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Welcome back to bitesize payments where we discuss the history, how they work and who does what? Today we are going to discuss banks, what do they do? We have discussed a little of their history in previous episodes, we talk through them as key stakeholders as well, banks are right at the top of the list. So we're zooming in on banks - institutions…
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Welcome back to bitesize Payments were we discuss their history, how they work and of course who does what. In this episode we're discussing Clearings. Clearings what are they? Well, they are sometimes called rails, schemes or the last mile either way there are a lot and I mean a lot, as I have mentioned before there is a clearing for every type of…
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Fraud and Scams - The dark underbelly of Payments
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Welcome back to Bitesize Payments, in today's episode we dive into the murky waters of payment fraud and scams. From ancient swindlers to modern-day cybercriminals, we're charting the course of deceptive practices that have evolved alongside our financial systems. Fraud is a personal and often distressing experience, and while we won't dwell on the…
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Welcome back to Bitesize Payments, in this episode we are going to discuss a Major Stakeholder that is not always discussed as much as they should have. As an example, when the EU asked for feedback in preparation for PSD2 the “corporates” gave more feedback than all the other groups put together, yet we seem to put them in a distant place. While w…
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Welcome back to Bitesize Payments, where we delve into the world of payments, exploring their history, how they work, and the key players involved. Today, we're tackling a crucial topic: regulators. Love them or hate them, they play a vital role in shaping the payments landscape. From ensuring fair competition to protecting consumers, their influen…
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Welcome back dear listeners to Bitesize Payments, today we are going to discuss ISO20022. It’s the lingua franca of financial services. We started this journey when we discussed Standards, but ISO deserves a podcast on its own. But here’s the thing ISO touches the entire ecosystem and so the issue is a timing one. The stakeholders need to not just …
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Standards - They're more interesting than you think!!! No really they are....
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Standards hmm that sounds interesting Paul well yep fair point but where would we be without them? Imagine a world where each time you tried to send money to someone, you had to navigate a new process, perhaps even create new accounts, or understand new protocols. Sounds chaotic, right? That's a world without payment standards. The financial world …
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Welcome to today's episode of Bitesize payments, where we'll be diving deep into the world of Central Bank Digital Currencies, or CBDCs. The latest revolution in Fiat Money since the bank note. From their origins to their potential impact on the global financial system. Probably a once in a lifetime event, we will also talk specifically about the D…
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Welcome to back dear listeners to Bitesize Payments. Today, we delve into the world of cryptocurrencies. They are digital natives in a payments world that is mostly analogue, the technology behind them is genuinely impressive however they introduce new paradigms which to some cause’s issues. Like many tools in the payment sphere, it’s not the tool …
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Dave and I thought that there was so much to discuss around RTGS that we decided that we need 2 podcasts. So here is part 2…. We are going to discuss a little of their history and dive into why RTGSs are so critical…. Before the advent of RTGS, many countries used deferred net settlement systems for interbank transactions. In these systems, payment…
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Governmental Bodies - The Treasury, Central Banks, and payment operators.
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Welcome back dear listeners to Bitesize Payments. Today, we're going to explore a topic that's at the heart of every country's economy: our governmental bodies – The Treasury, Central Banks, and payment operators. Their roles are pivotal to any nation, but they are probably the least understood by Payment’s folk – generally the stakeholders and the…
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Today we will be discussing something that underpins every major economy and is of vital importance to the flow of money yet is probably totally unfamiliar to many people - Real-Time Gross Settlement systems, or RTGS for short. I’m joined again by David Godfrey to help me explore this subject, RTGS, as I said, is possibly something that many people…
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Welcome to Bitesize Payments! In this episode, we're delving into the world of cash. Over the past few years, I've had numerous conversations about cash and its unique characteristics, including its anonymity. I even had a memorable discussion about it while getting my hair cut – thanks, Ali! It’s the most personal payments method, it’s the most in…
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Cheque or checks? – writing letters to the bank
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Welcome Dear listener to Bitesize Payments where we talk about their history how they work and who does what. In this episode we are going back in time to 1659, we are going to talk about a method of payments that goes back literally centuries, we still use them today and in some countries are really popular and more efficient than you might think.…
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Welcome back, dear listeners, to 'Bitesize Payments.' In this podcast, we delve into the fascinating history of payments, exploring how they function, and the key players involved. Today, our focus is on cards. Once considered a status symbol, today nearly everyone possesses one, with many owning multiple cards. While most of us use them in our dai…
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Citizens - the super user - its all about us (baby)!
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Today's episode is all about you, the citizen, and your role in the payment's ecosystem. With so much of what happens in payments, terminology and brand names often occluding what's really happening. No more so when it comes to us and what we do and how we use payments. So, I'm going to try and explain payments as they relate to us as Stakeholders …
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Immediate Payments - the new kid on the block......
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today we are going to discuss one of the newer payment rails – real time payments or immediate payments. But wait aren’t all payments real time well turns out no so much. However, they are probably going to be one of the unifying payment rails. Right now Immediate payments are growing compound, 30 % in Spain , 37% of all transaction is the UK are n…
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How many purchases have you made today, coffee, lunch, food shopping? Is so common for us that we don’t think about these purchases as payments…. This is something that we all do, we buy stuff, but do we understand it and who are the actors involved. But they make up approximately 80 % of all the payments made…. Lets just let that sink in for a min…
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Welcome back to Bitesize Payments. In the last episode we discussed the key stakeholders, Corporates, Governments and of course ourselves. I this episode we are going to discuss ACH’s – Automated Clearing Houses. ACHs are important for us as by and large that how we get paid. We are going back to relatively modern history late 60s early 70s. This o…
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In our previous episodes, we delved into the early history of payments, explored the concepts of money and currency, and examined the influence of networks on payment evolution. Today, we're going to navigate the Payments Zoo, identifying and understanding the various actors in this complex ecosystem. In my previous roles delivering training course…
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Networks - From The Silk Road, Knights Templar to Wires
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In our first two episodes, we traced the evolution from the barter system to commodity money, and from coins to paper currency. We also demystified the foundational aspects of payments, clarifying terms like currency, legal tender, and the concept of money itself. Today's episode takes a slightly different route. We're shifting our focus from coins…
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Hi and welcome to Bite Size Payments. My name is Paul Thomalla and literally years I've been saying I'd like to record a series of podcast about payments. Well guess what? I finally gone and done it. So, thank you for listening to my trailer for my Podcast Bitesize payments. I hope this trailer whets your appetite. Payments are everyday activity, b…
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Welcome to Bitsesize Payments where I try and explain the history of payments, how they work and who does what. In this, the first episode, I walk through 8,000 years of payments history in 20 mins... taking us for Bartering to shells, to beads to coins to Money... Buckle up.... Any question please contact me @ bitesizepayments@gmail.com Enjoy! Pau…
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Welcome to Bitesize payments where I try to explain the history of payments, how they work and whos does what. In these episode I try and explain some fo the key terms that we use around payments and where they come from, terms such as money, currency, payments and legal tender. Hopefully this will provide key context for later episodes as well as …
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