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
The US Payments System from a Europeans PoV
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 like high-value payments, ACHs, and cards, you need to peel back a few layers to find the similarities.
There are several aspects that might trip you up, and not just while you’re on holiday.
In the next two episodes, we will examine the USA payment systems from a European perspective, and then the European systems from an American point of view.
Joining me for this discussion is my good friend, Eric Grover. Eric is a keen observer of both European and American payment activities, making this an exciting and insightful conversation.
So, let's dive into part 1 and understand how US payments work. This is going to be fun…. 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