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Bitesize Payments
Paul Thomalla
33 episodes
2 months ago
After more than 30 episodes, I wanted to take a moment to reflect. This isn’t a deep dive into real-time payments, standards, or compliance. This episode is about why Bitesize Paymentsexists in the first place — and what I’ve learned from doing it. I started the series to give back. To share what I’ve learned from years in payments — and from the many brilliant people I’ve worked alongside. The goal was always to make complex topics clearer, more human, and a little easier to navigate. In thi...
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Education
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All content for Bitesize Payments is the property of Paul Thomalla and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
After more than 30 episodes, I wanted to take a moment to reflect. This isn’t a deep dive into real-time payments, standards, or compliance. This episode is about why Bitesize Paymentsexists in the first place — and what I’ve learned from doing it. I started the series to give back. To share what I’ve learned from years in payments — and from the many brilliant people I’ve worked alongside. The goal was always to make complex topics clearer, more human, and a little easier to navigate. In thi...
Show more...
Education
Episodes (20/33)
Bitesize Payments
Wrapping Up Series 1: Why I Started Bitesize Payments — and What Comes Next
After more than 30 episodes, I wanted to take a moment to reflect. This isn’t a deep dive into real-time payments, standards, or compliance. This episode is about why Bitesize Paymentsexists in the first place — and what I’ve learned from doing it. I started the series to give back. To share what I’ve learned from years in payments — and from the many brilliant people I’ve worked alongside. The goal was always to make complex topics clearer, more human, and a little easier to navigate. In thi...
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2 months ago
19 minutes

Bitesize Payments
Sovereignty (and Payments)
In this episode of Bitesize Payments, we zoom out from the usual rails and rules of payments to explore a much bigger force shaping the industry: sovereignty. From the ancient control of coinage by kings to today’s battles over digital currencies, data, and cross-border standards, sovereignty has always been about power — who has it, who wants it, and what happens when that power is challenged. We unpack the history, the players (from governments and central banks to Big Tech and crypto), and...
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4 months ago
24 minutes

Bitesize Payments
Compliance, KYC, and All That Stuff
Welcome back to Bite-Size Payments, where we dive into their history, how they work, and, of course, who does what. Today, we’re tackling compliance—yes, that lovely, complex topic that often seems like it gets in the way. But it’s essential, and we’ll explain why. Yes, it’s complex, but it’s also the backbone of a secure financial system. Today, I am joined by the rock star that is Susan Hall to walk you through it...... Here we go… Send ...
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7 months ago
27 minutes

Bitesize Payments
Cross border Payments
Welcome to Bitesize Payments where we discuss their history how they work and of course who does what. In today’s episode, we’ll unravel the fascinating world of Cross-Border Payments. With so many payment terms, brand names, and confusing jargon out there, it’s easy to feel overwhelmed. But at its core, cross-border payments are actually a straightforward concept—and we’re here to simplify it for you. Let’s start with the history of cross-border payments, which stretches all the way ba...
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10 months ago
38 minutes

Bitesize Payments
Fintechs - the disruptors
Welcome back to Bitesize Payments where we discuss their history, how they work and of course who does what…. Today we are looking at key stakeholder in payments, fintech's… The new young things of the industry or are they… ? So today we are discussing Fintech’s, and I am super pleased to be joined by Caleb, CEO of Tilled. It was not long ago that the industry was the Fintech's were all tech and no fin….. not so sure that is true any longer … anyway we shall see ….. Hold on,...
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1 year ago
35 minutes

Bitesize Payments
The rise of Mobile Payments
Welcome to Bitesize Payments, where we discuss their history, how they work and of course who does what… Today we are going to discuss mobile payments…. Remember when losing your wallet was the ultimate nightmare? These days, losing your phone feels like losing your entire life—and your wallet’s just a passenger on that ride! Let’s take a quick journey through time. Once upon a time, cash was king. Coins and notes ruled the economy for centuries. Then came the 20th century, bringing us ...
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1 year ago
20 minutes

Bitesize Payments
Gold - All that Glitters is not Gold
Welcome back to bitesize Payments, where we explain their history, how they work and of course who does what. Today we’re diving into a topic that has fascinated civilizations for thousands of years: gold. Did you know that all the gold ever mined would fit into a cube just 21 meters on each side? All that Glitters is not Gold – comes from Shakespeare don’t you know!! But it's history and role in Payments is Pivotal from a currency to the gold standard. Perhaps you’re now thinking of Fo...
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1 year ago
16 minutes

Bitesize Payments
European Payment Systems from a US PoV
Welcome back to Bitesize Payments. Where we discuss their history, how they work and who does what. Today we are going to do the reverse of the last podcast with Eric Grover – we will be looking at Europe from an American's point of view. We say Europe, but what do we mean? What’s the EU, SEPA, and EEA? We will walk you through that. Obviously, European history is a little more complex as, among other things, we had nearly 30 different currencies and all that entails. Last time Eric spoke, we...
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1 year ago
51 minutes

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. Ther...
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1 year ago
40 minutes

Bitesize Payments
Banks - The invisible network
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 ...
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1 year ago
29 minutes

Bitesize Payments
Clearings - Its groundhog day
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 ...
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1 year ago
24 minutes

Bitesize Payments
Fraud and Scams - The dark underbelly of Payments
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 op...
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1 year ago
18 minutes

Bitesize Payments
Corporates - the power house of Payments
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 specificall...
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1 year ago
40 minutes

Bitesize Payments
Regulators - Are they helping?
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 rockst...
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1 year ago
32 minutes

Bitesize Payments
ISO20022 - The "cure all"?
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 t...
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1 year ago
20 minutes

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 ar...
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1 year ago
29 minutes

Bitesize Payments
CBDC – The next big thing in Fiat money
Welcome to today's episode of Bitesize payments, where we'll be diving deep into the world of Central Bank Digital Currencies, or CBDCs. The latest revolution in Fiat Money since the bank note. From their origins to their potential impact on the global financial system. Probably a once in a lifetime event, we will also talk specifically about the Digital Euro. I am joined today by Karel Lannoo, CEO of CEPS – Centre for European Policy Studies. We've got it all covere...
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1 year ago
31 minutes

Bitesize Payments
Crypto - The red pill or the blue pill
Welcome to back dear listeners to Bitesize Payments. Today, we delve into the world of cryptocurrencies. They are digital natives in a payments world that is mostly analogue, the technology behind them is genuinely impressive however they introduce new paradigms which to some cause’s issues. Like many tools in the payment sphere, it’s not the tool per se that is the issue but, in its application, what its used for. For some, it represents an escape from societal or governmental oversight for ...
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2 years ago
19 minutes

Bitesize Payments
RTGS part 2
Dave and I thought that there was so much to discuss around RTGS that we decided that we need 2 podcasts. So here is part 2…. We are going to discuss a little of their history and dive into why RTGSs are so critical…. Before the advent of RTGS, many countries used deferred net settlement systems for interbank transactions. In these systems, payments were accumulated over a certain period, and then the net amount was settled at the end of the day or another specified time. While th...
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2 years ago
20 minutes

Bitesize Payments
Governmental Bodies - The Treasury, Central Banks, and payment operators.
Welcome back dear listeners to Bitesize Payments. Today, we're going to explore a topic that's at the heart of every country's economy: our governmental bodies – The Treasury, Central Banks, and payment operators. Their roles are pivotal to any nation, but they are probably the least understood by Payment’s folk – generally the stakeholders and their ecosystems are best known in terms of corporate or retail payments and these Government bodies well let’s say not so much. You...
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2 years ago
28 minutes

Bitesize Payments
After more than 30 episodes, I wanted to take a moment to reflect. This isn’t a deep dive into real-time payments, standards, or compliance. This episode is about why Bitesize Paymentsexists in the first place — and what I’ve learned from doing it. I started the series to give back. To share what I’ve learned from years in payments — and from the many brilliant people I’ve worked alongside. The goal was always to make complex topics clearer, more human, and a little easier to navigate. In thi...