Bitesize Payments

Jul 21 2024 2

Bitesize Payments Podcast artwork

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 be useful to record it. So, here we go.... In Bitesize Payments I try and explain the History of Payments, how they work and who does what. Also who get paid for what....that might surprise you!

Anyway hopefully in less than 20 mins, week after week you can become a payment experts....... or at the very least someone who can ask the tough questions :-)

Please let me have your feedback, input or question at [email protected]

Thanks for listening.......

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European Payment Systems from a US PoV

Jul 21 2024 51 mins

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, European history is a little more co

The US Payments System from a Europeans PoV

Jun 02 2024 40 mins

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. While there are common elements l

Banks - The invisible network

Apr 19 2024 29 mins

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 as ancient as civilization yet as

Clearings - Its groundhog day

Mar 26 2024 24 mins

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 payment – RTGS, IP etc for every

Fraud and Scams - The dark underbelly of Payments

Mar 13 2024 18 mins

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 emotional aspects, it's important

Corporates - the power house of Payments

Feb 22 2024 40 mins

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 we think of us citizens as the

Regulators - Are they helping?

Feb 07 2024 32 mins

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 influence is undeniable.But navigating the

ISO20022 - The "cure all"?

Dec 22 2023 20 mins

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 adopt but get ready. So, a cen

Standards - They're more interesting than you think!!! No really they are....

Dec 01 2023 29 mins

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 thrives on trust, security and effic

CBDC – The next big thing in Fiat money

Nov 09 2023 31 mins

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 Digital Euro. I am joined today by