Their Role Wasn’t to Question Customers, Just as a Sewage Company Doesn’t Ask What You Ate for Dinner
The episode examines how U.S. Congressman Wright Patman reshaped banking regulation, turning banks from passive cash conduits into active gatekeepers tasked with monitoring and reporting suspicious activity. It contrasts the pre‑Patman view of banks as mere plumbing with the post‑Patman model of fortified, surveillance‑focused institutions. The discussion also references Oliver Bullough’s book *Everybody Loves Our Dollars*, which reveals how modern money‑laundering networks exploit financial systems, highlighting the ongoing tension between secrecy and transparency.
Tom Ilube CBE Appointed Chair of LINK
The episode announces Tom Ilube CBE as the new Chair of LINK, the UK’s cash access and ATM network, highlighting his extensive background in technology, finance, education, and philanthropy. Ilube emphasizes the importance of maintaining cash access for millions as...
Regulators at the Heart of the National Payments Vision
In his keynote at the Payments Regulation and Innovation Summit, David Geale, MD of the Payment Systems Regulator, outlined how the FCA and PSR are steering the National Payments Vision by focusing on system trust, resilience through choice, and upcoming...
The Evolution of Direct Debit
In this episode, host Mike Chambers sits down with Richard Ransom of Bottomline and Mike Hutchinson of The Regular Payments Marketing Company to trace the half‑century history of direct debit, examining current transaction volumes, value trends, and the evolving supply...
From Electrum to Sterling: A Brief History of Money
The episode traces the evolution of money from the first electrum coins minted in Lydia around 640 BC, through the early experiments with paper money in China and Sweden, to the rise of national central banks that backed notes with government...