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 78 - Identity Verification in Fraud Prevention - Ajay Andrews, Whitepages
Voice Enabling the Digital Credit Union
Episode 76 - Payments Canada - Justin Ferrabee, COO
Episode 75 (Part 2) - Payments, Petro, and the Connected Car - Scott MacKay, First Data
Episode 75 (Part 1) - Fraud and the Merchant - Ajay Guru, First Data
Episode 74 - Payment Authentication and Identity in Context - Steve Wilson, Lockstep Technologies
Episode 73 - Fintech South, Boot Camp, and Biometric Authentication - Andrew Gowasack, TrustStamp
Episode 72 - Alipay's North American Acceptance Plan - Souheil Badran
Episode 71 - The Tech Bringing B2B Fintech to the Mid-tier Bank - Lisa Shields, FI Span
Episode 70 - Real-time Cross-border Payments - Laurence Cooke of nanopay
Episode 69 - PCI Standard Technical and Geographic Evolution - Troy Leach
Episode 68 - Digital Identity, a Mobile App, and a Blockchain - SecureKey
Episode 67 - The Conversational User Interface - Glenbrook’s Russ Jones
Episode 66 - Real Time Payments Comes to the US - Steve Ledford of TCH
Episode 65 - Gates Foundation and Mojaloop - Kosta Peric
Episode 64 - B2B Payments Innovation - Modulr
Episode 63 - Payments Come to the Browser - W3C's Ian Jacobs
Episode 62 - Glenbrook on B2B and Faster Payments @ Money/2020
Episode 61 - Payments Systems in the US - Third Edition - Glenbrook’s Russ Jones
Episode 60 - Where and Why Interchange Optimization Works - CardConnect
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