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
Standards - They're more interesting than you think!!! No really they are....
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 efficiency, and payment standards are the backbone of all these.
At the most basic level, payment standards are universally agreed-upon guidelines or protocols for handling and processing transactions. These might relate to technology, like the EMV chip in credit cards, or operational practices, like how banks handle wire transfers.
Today I am joined by Santiago Cabeza Sos from Nexo Standards to help me.
Why are these standards so important? Listen up here we go….
Payments Industry Insights
History of Payments
Payment System Explained
Corporate Payments Strategy
Payment Regulations Impact
ISO20022 Standard
Digital Payments Evolution
CBDC Advancements
Cryptocurrency in Payments
Financial Technology Education