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Podcast: Payments on Fireâ„¢
Episode: Episode 76 - Payments Canada - Justin Ferrabee, COO
Description: During the Glenbrook Payment Book Camp we make clear that national payments systems are domestic by definition. Each country has its own set of systems to effect payments. We point out that national payment systems differ in many of their details. Regulation, operating rules, governance, ownership, technology, and more are highly variable. At the same time, we also point out that major components are generally similar. An overnight, batch-based system for low-cost, low-value retail payments and an instant, irrevocable wire system for high-value transfers are typical of most countries. Across the planet, countries are planning, d...