Launching a payment product requires big moonshot thinking alongside a lot of agonizing over the details. Understanding the market, the customer journey, and the technology - from every angle requires patience, persistence, and a beginner’s mindset to learn from every success and failure. Thinking about launching a new form of currency, however, is on another level altogether.
There’s an entire population of a country to consider - what does each segment of the population require to be able to use the currency? Then, there is the currency’s role in supporting the economy. How will a new currency be protected from counterfeiting, and what controls will be required to prevent its misuse? How will it work with legacy payment systems and commercial banks? And how will it adhere to laws in place today and be prepared for tomorrow? Last but certainly not least, which technologies will enable all of these things and more?
These were just some of the thoughts bubbling through my mind when I sat down with Jim Cunha, former EVP at the Federal Reserve Bank of Boston, to discuss the capstone project of his career - Project Hamilton - and the questions he and his team sought to answer as they embarked on their CBDC experiment. I hope you enjoy hearing Jim’s insights on digitizing the world’s reserve currency - I sure did.
Episode 59 - B2B Payments are Hot - Glenbrook's Erin McCune
Episode 58 - Consumers and Faster Payments - Consumers Union
Episode 57 - The Bumpy Road toward Merchant EMV Adoption - Heartland
Episode 56 - Consumer Healthcare Payments - BillingTree
Episode 55 - 3D Secure and the IoT - CardinalCommerce
Episode 54 - Securing IoT Payments - Gemalto
Episode 53 - India's Payments Innovation Scene - Glenbrook's Allen Weinberg
Episode 52 - Innovation for the Underserved - FinLab
Unravelling the Payments Data Hairball
Episode 50 - Internet identity, privacy, and a blockchain - SecureKey
How to Get, and Stay, Smart in Payments
Episode 48 - APIs, ACH, and Faster Money - Dwolla
Episode 47 - Blockchains and Moving Money on the Internet - Circle Internet Finance
Episode 46 - 3D Secure, Visa, and CardinalCommerce
Episode 45 - False Declines and Ethoca's Role
Episode 44 - On Privacy, IoT, and Security - Online Trust Alliance
EP43: Making Money Fly over Borders - ISO 20022, the IPFA, and Faster International Payments
Payments Data with Russ Jones
Marwan Forzley, Align Commerce, and the Evolution of Blockchain Business
Sensibill - Redefining Digital Receipts for FIs
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