Payments foundations
Money, accounts, ledgers, the people and institutions in every payment, and the lifecycle an instruction follows from capture to posting.
- 018 MINWhat a payment actually isNo coins move when you pay — ledger entries change. What a payment really is, who asks for it, and what must happen before anyone is paid.START HERE — NO PREREQUISITES
- 029 MINMoney, accounts, and ledgersYour balance is your bank's promise. Commercial bank money, central bank money, and why the difference decides how banks settle with each other.AFTER: What a payment actually is
- 0311 MINThe parties in a paymentDebtor, creditor, and their agents: the standard names for everyone in a payment, and why precise role names prevent expensive confusion.AFTER: What a payment actually is
- 0411 MINThe payment lifecycleFrom capture to confirmation: the stages every payment passes through, and where clearing and settlement fit in the journey.AFTER: The parties in a payment
- 0511 MINInstruments, rails, and schemesPush or pull, card or transfer — and the rails and schemes underneath. How to tell the payment type from the infrastructure that carries it.AFTER: The payment lifecycle
- 0614 MINClearing versus settlementClearing works out who owes what; settlement actually pays it. Two words that sound alike and describe completely different risks.AFTER: The payment lifecycle
- 0712 MINCorrespondent banking, nostro & vostroHow banks pay across borders with no shared system: accounts held at each other, chains of correspondents, and what nostro and vostro mean.AFTER: Clearing versus settlement
- 0812 MINCharges and foreign exchangeWho pays the fees, and whose exchange rate applies? Why the amount received on a cross-border payment is not always the amount sent.AFTER: Correspondent banking, nostro & vostro
- 0916 MINOpen banking, PSD2, and payment APIsHow customers let regulated third parties see their accounts or start payments through consented, authenticated bank APIs instead of screen-scraping.AFTER: Instruments, rails, and schemes
- 1017 MINCross-border payment networks beyond correspondent bankingWhy sending money across borders is slow and opaque through correspondent chains, and how closed-loop networks and quote-then-pay APIs offer another route.AFTER: Correspondent banking, nostro & vostro