Ben Milne of Dwolla understands the problem with payments
This is a short succinct Ted talk by someone who truly understands payments. (HT BankInnovation) The concept of sending and receiving money is redundant in the context of bits and bytes. He further makes the point that of all the things that can be sent such as photos or other files, sending money should be the easiest, fastest and most secure. Money is just a few bytes in a database, he points out, and I want to allocate from me to you.