Dr. Bernardo Bátiz Lazo

Dr. Bernardo Bátiz Lazo is Professor of FinTech History and Global Trade at Northumbria University in Newcastle upon Tyne, U.K. He is a fellow of the Royal Historical Society and the Academy of Social Sciences. He read economics and history and received a doctorate in business administration from the Alliance Manchester Business School. He joined Northumbria after appointments at Bangor, Leicester, Open University and Queen’s Belfast.

His most memorable paycheck: “My first full-time job was as a computer programmer in payroll for Mexico’s transport ministry. Every other week we processed and printed 70,000 Treasury checks on a special kind of green paper. Because of hyperinflation in the 1980s and 1990s, my paycheck was probably worth less than $2 in today’s money. But I was very proud to follow family tradition and give it to my mom.”

Latest articles

Monetary integration and common currencies

How and why independent states give up their own money in the pursuit of a joint, cross-regional currency.

Issue 11: Borders
50 years of SWIFT 

How the introduction of secure cross-border bank messaging changed international business forever.

Issue 8: Risk
The rise and fall of the paper paycheck

The story of the paycheck is one of unrealized potential. Learn how this payroll innovation went out of fashion as quickly as it came.

Issue 5: Out of Office
How debit cards changed our lives

After debuting in the 1970s, debit cards took hold in the 1990s and 2000s, changing how we spend our hard-earned money.

Issue 4: Security
How the rise of cash machines changed payday

After payroll went digital, people still needed cash, mobbing bank branches on paydays. In the 1970s, banks started making big investments in a new innovation: the Automated Teller Machine.

Issue 3: Place
How digitizing payroll set the scene for a cashless society

When companies started embracing direct bank deposits for employees’ wages 50 years ago, it laid the foundation for today's digital cash.

Issue 2: Experimentation