Welcome Dear listener to Bitesize Payments where we talk about their history how they work and who does what. 

In this episode we are going back in time to 1659,  we are going to talk about a method of payments that goes back literally centuries, we still use them today and in some countries are really popular and more efficient than you might think.  

Yes, today we are going to discuss Cheques or Checks depending on where you are in the world.  

Cheques were there first payments instrument that were not money (fiat money that is, if you have been paying attention  ).  They were first used in 1659 in a London tavern and so starting the fintech revolution.  But we have been using them since then..

Today I am so please to be joined today by Dougie Belmore,  Head of Payments @ Pay.uk. 

It’s a bit like writing a letter to the bank….. so get your pens out were doing writing!!!! 

Buckle 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

Welcome back, dear listeners, to 'Bitesize Payments.' In this podcast, we delve into the fascinating history of payments, exploring how they function, and the key players involved. Today, our focus is on cards. Once considered a status symbol, today nearly everyone possesses one, with many owning multiple cards. While most of us use them in our daily lives, have you ever wondered about their origins, how they function, and who's behind them? 

 

Did you know? There are approximately 24 billion cards in circulation worldwide. With a global population of around 8 billion, including children, it's evident just how much we adore our cards.

 

To shed more light on this topic, I'm thrilled to be joined by one of the most knowledgeable payments experts I know and my good friend, David Godfrey. 

 

Let's dive into the world of our 'flexible friend.' Let's get started 

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

Today's episode is all about you, the citizen, and your role in the payment's ecosystem.

With so much of what happens in payments,  terminology and brand names often occluding what's really happening.  No more so when it comes to us and what we do and how we use payments. So, I'm going to try and explain payments as they relate to us as Stakeholders and explain how this payments stuff works as we are the superuser!!!

So let's be somewhat self-indulgent let talk about us (baby) .......Let's dive in!

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

today we are going to discuss one of the newer payment rails – real time payments or immediate payments.  But wait aren’t all payments real time well turns out no so much.  However, they are probably going to be one of the unifying payment rails. 

Right now Immediate payments are growing compound, 30 % in Spain , 37% of all transaction is the UK are now Faster Payments and 61 countries and 72% of the world population have access to them but hey what’s the fuss…..

Today I am super pleased to be joined by Erika Baumann. 

Buckle up were are going immediate,   well pretty quick anyway…..

 

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

How many purchases have you made today, coffee, lunch, food shopping? Is so common for us that we don’t think about these purchases as payments…. 

This is something that we all do, we buy stuff, but do we understand it and who are the actors involved. 

But they make up approximately 80 % of all the payments made…. Lets just let that sink in for a minute!! 80%

This episode is about Merchants a little of their history, how they work and who does what?

Today I am joined by my good friend Paul Rodgers, Paul is the Chair of Vendorcom 

Buckle up were off to the mall…..

 

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

Welcome back to Bitesize Payments. In the last episode we discussed the key stakeholders, Corporates, Governments and of course ourselves. 

I this episode we are going to discuss ACH’s – Automated Clearing Houses. ACHs are important for us as by and large that how we get paid. We are going back to relatively modern history late 60s early 70s.  This one is close to my heart as preparing a payroll file for BACs was my first role in Payments.

 Today, I am joined by the rock star Erika Baumann to explain ACHs.....

So, buckle up we are going to discuss their history how they work and who does what. 

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

In our previous episodes, we delved into the early history of payments, explored the concepts of money and currency, and examined the influence of networks on payment evolution.

 

Today, we're going to navigate the Payments Zoo, identifying and understanding the various actors in this complex ecosystem. In my previous roles delivering training courses, I found that it was quite rare for people to comprehend more than one facet of payments. So, today, we'll shed light on these various actors and provide some context around them.

So, buckle up! I'm your host, Paul Thomalla, and we're off to the Zoo... well, metaphorically speaking.

Any questions comments please get in touch via [email protected]

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

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 [email protected]

Cheers

Paul

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

Hi and welcome to Bite Size Payments. My name is Paul Thomalla and literally years I've been saying I'd like to record a series of podcast about payments. Well guess what? I finally gone and done it. 

So, thank you for listening to my trailer for my Podcast Bitesize payments. I hope this trailer whets your appetite.

Payments are everyday activity, but few of us know or frankly even care how they work. We just take them for granted. Few wake up in the morning and say, you know what, I want to make a payment. More likely that to say I want to buy a coffee or buy lunch. In that sense, payments are like magic. They just happen. Until, of course, they don't, and that's a whole other story. 

But how do they work? What is their history and who are the stakeholders and who gets paid for what.  In bitesize payments I will guide you through the history of payments from using shells as money to the Knights Templar, a 17th century London Tavern and the emergence of crypto currencies. 

If you'd like to contact me, please do so via. [email protected]. 

My first episode of Bitesize Payments is going to be on the early history of payments bartering, shells,  coins and the creation of money.

To mis quote a line from the life of Brian, what did the Mesopotamians ever do for us? Well, it turns out that’s where it started some 8000 years ago. 

One last thought. What is a payment? What's money for that matter? What central bank money? What's commercial bank money? Oh man, this is going to confusing. 

Let me explain and all will become clear,

Please sign up and I hope you enjoy Bitesize Payments

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

Welcome to Bitsesize Payments where I try and explain the history of payments, how they work and who does what. 

In this, the first episode, I walk through 8,000 years of payments history in 20 mins... taking us for Bartering to shells, to beads to coins to Money...

Buckle up....

Any question please contact me @ [email protected]

Enjoy!

Paul Thomalla

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