Bitesize Payments
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 bitesizepayments@gmail.com
Thanks for listening.......
Bitesize Payments
Networks - From The Silk Road, Knights Templar to Wires
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 and traditional money to concentrate on the networks that
underpinned their use. When we mention networks, we're not referring to the
internet. Instead, we're talking about ancient, pivotal networks that played a
significant role in shaping the world of payments as we understand it today.
It's easy to view payments as a linear progression, but the historical networks
were the real catalysts for change.
We're about to embark on a thrilling journey back in time, exploring the Silk Road, following the footsteps of the Knights Templar, and understanding the impact of the telegraph on wire payments. All of this is to gain a deeper understanding of the rich and intricate early history of payments. So, fasten your seatbelts and prepare for an exciting ride.......
Any questions / comments please let me know at bitesizepayments@gmail.com
Cheers
Paul
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