Bitesize Payments Paul Thomalla

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 contemporary as the latest fintech news.It may well seem obvious what they do but as I th...

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 country. Not only that but they are different in every country even though they do effectively t...

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 to recognise its impact. Our story begins in ancient civilisations, where currency first sparked oppor...

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 super user, as we discussed in episode 8, but much of the tools or networks, have been set up specifically...

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 complexworld of regulations can be tricky. That's why I'm thrilled to be joined by Monica Monaco, the rockstar o...

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 central bank, a commercial bank the new rails, the corporates, merchant etc etc all need to...