How Money Moves
From a Tally Stick to Instant Settlement
Shikhar Singh
Founder & Chairman · KedByte Technologies Private Limited
- Chapters
- 54Chapters
- Parts
- 5Parts
- Words
- 453KWords
- Print pages
- 844Print pages
Reading sections in this book
Each chapter in How Money Moves uses these sections. Begin with the plain explanation and its limits, then explore the technical detail and review what you have learned.
| # | Section | What it gives you |
|---|---|---|
| 1 | The plain version | The idea in everyday language. |
| 2 | Where the plain version stops being true | The limits and qualifications to keep alongside the explanation. |
| 3 | The technical version | The mechanisms and technical detail behind the idea. |
| 4 | Common wrong ideas | Misconceptions to check against what you have learned. |
| 5 | Chapter summary in 20 lines | A concise recap to revisit after reading. |
The single pass
Read in order, beginning with Chapter 1: The Oldest Question. The opening part is What Money Is.
The double pass
Read The plain version together with Where the plain version stops being true. Then return to The technical version for more detail, and use the misconceptions and summary to review.
Find a topic
Use the contents to browse 54 chapters across 5 parts, from What Money Is to Trust, Failure and the Law.
From a Tally Stick to Instant Settlement
5 parts, 54 chapters. Open any part to see its chapters, or start at the beginning and keep going.
IWhat Money IsObligation, records and double entry. What a balance actually is, what a bank actually is, and the difference between clearing and settlement.Chapters 1–10/Volume 1
IIThe CardThe plastic, the chip that is a computer, the cryptogram it signs, the terminal that reads it, and the token that stands in for it.Chapters 11–22/Volume 2
IIIThe NetworksThe four-party model, ISO 8583 field by field, the several numbers all called the transaction reference, and where the money goes.Chapters 23–33/Volume 3
IVMoving Money Without CardsBatch against real time. Bacs, Faster Payments, CHAPS, SEPA, SWIFT and UPI, and why each of them exists.Chapters 34–44/Volume 4
VTrust, Failure and the LawFraud, disputes, reconciliation and regulation. The perishable volume, dated deliberately so it can be revised on its own.Chapters 45–54/Volume 5
The complete edition, free
844 pages as a single PDF, with 5 individual volumes also available. Chapter numbers are identical in every edition, so a cross-reference means the same thing wherever you read it.