This is the story of your money. How it moves, who protects it, and the careful balance between keeping your money safe and allowing new ideas and apps to use this system. And we talk about a new federal government plan that could seriously harm this system.

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Today, there are so many innovative ways you can send money to others.

But the story behind how your money moves from Point A and Point B safely and how so many companies can build these new apps to help you do so is anything but.

Today, we interview several experts to find out how your money moves, who keeps track of it and where it's going, who polices the companies that take your money and move it, and how the American system is uniquely designed to work better than other systems.

Timestamps:

- 1:35 - What is a "payment?"- 2:45 - What is a mobile payment?- 3:26 - Payments over the past 100 years- 9:05 - Who supervises payment companies?- 10:20 - How do so many new companies get involved in payments? - 11:40 - What happens to your cash if a new company fails? How is the American system different?- 13:57 - Can the federal government effectively supervise payments companies? - 15:45 - What are the consequences of a centralized supervisor for payments?- 16:28 - Is a federal payments charter legal?- 17:58 - The OCC tries to ignore a court decision