Payment Courses Detailed Contents

You will find below the detailed content of all our courses. Expand the toggle items to see the topics handled in the different modules

Course 1 – Payments Fundamentals

The purpose of payments fundamentals course is to provide you with the principles and keys to understand and study any payment system.

Module 1 – Payments, Payment instruments and payment systems
  • What is a payment?
  • Payment instrument definition and classification
    • Cash and non-Cash usages
  • Payment systems definition
  • Payment systems volumes
  • End parties and their needs
  • End parties quadrants in payments
  • Assessment Quiz
Module 2 – Payments systems models
  • Introduction to payments systems models
    • System modeling
    • Types of payments systems models
  • Open loop models
    • Payments system(s) anatomy at country level
    • Example Payments systems in France
  • Closed loop models
    • Example American Express
  • Models for cryptocurrencies
    • Example the Bitcoin
  • Assessment Quiz
Module 3 – The Four Corner Model
  • From Open Loop Models to the Four corner Model
  • The Four Corner Model
  • Few examples of Four Corner Models
  • Direct and Indirect participants to CSMs
    • Direct participants
    • Indirect participants with no direct access to clearing system
    • Indirect participants with direct access to clearing system
  • Participation directories
Module 4 – Clearing and settlement Mechanisms
  • What is Clearing?
  • Bilateral clearing
  • Multilateral clearing
  • (Gross and Net) Settlement
  • The two types of Net Settlements
  • Main types of clearing and settlement systems
  • Assessment Quiz
Module 5 - Push and Pull payments and related risks
  • Introduction and definitions
  • Push payments and few examples
  • Pull payments and few examples
  • Summary – Push and Pull payments
  • Assessment Quiz
Module 6 - Payments messages standards
  • The Four Corner Model
  • Customer-to-bank space and interbank space
  • Why standards are needed for payment messages
  • Payments Messages Standards (ISO 20022, SWIFT MT/MX, Local standards)
  • Original transactions and Related-transactions
  • Assessment Quiz
Module 7 - Domestic and International payments
  • Domestic payments
    • Definition
    • Intrabank payment
    • intra bankgroup payments
    • Interbank payments
  • International payments
    • Domestic vs. Cross-border payments
    • The six party modelĀ for cross border payments
    • Correspondent banking – Nostro, Vostro and Loro accounts
    • SWIFT – The global secure messaging platform
  • Assessment Quiz
Module 8 - Payment processing value chain
  • Value chain and Payment processing value chain
  • Payment processing value chain (From a bank’s perspective)
  • The Straight Through Processing (STP)
  • Payment processing value chain analysis
    • Payment acquisition and reporting
    • Payment Order Management
    • Payment Exchange
  • Payment status reports
  • Assessment Quiz
Module 9 – Regulations and Risks in payments
  • Payments regulations
    • Introduction
    • Key regulatory goals
    • Few examples of payment regulations and initiatives
    • Subjects covered by private rules
  • Risk and risk management in payments
    • Definitions
    • The main types of risks in payments
    • Operational risks (Errors and Failures, Fraud risk, Data security risk, Business disruption risk)
    • Legal risks (Compliance risk, Regulatory risk, Contractual risk)
    • Financial risks (Credit risk, Liquidity / Settlement risk, Systemic risk)
  • Assessment Quiz
Module 10 - Economic models in payments
  • Economic models of Payments Systems and Payment Service Providers
  • Economic models of Payments Systems
    • Example of CSMs
    • Example of Card schemes
    • Example of cryptocurrency
  • Economic models of Payment Service Providers
  • PSPs Direct revenues
    • Transactions fees
    • Interest on associated loans
    • Monthly maintenance fees
    • Subscription fees
    • Commission on turnover (CoT)
    • Exception fees
  • PSPs Indirect revenues
    • Float
    • Interchange
    • Net interest income on deposit balances
  • Assessment Quiz
Module 11 – Main key players in the payment industry
  • Payments is a dynamic industry with a bright future
  • Overview of few main players in the payments industry
    • Players that are part of the value chain
      • Consumers and merchants
      • Bank payment service providers
      • Non-bank payment service providers
      • Card schemes
      • ACH schemes
      • RTP schemes
      • RTGS schemes
    • Other players
      • Technology vendors
      • Business and IT Consulting companies
      • Strategy and Advisory Consulting companies
  • Assessment Quiz

Course 2 – Understand and Master the SEPA Credit Transfer

TheĀ Understand and Master the SEPA Credit TransferĀ CourseĀ was designed forĀ people who work in the payment industry or who want to understandĀ how theĀ SEPA Credit TransferĀ really works.

Module 1 – Introduction to SEPA and SEPA Payments
  • Definition of SEPA​
  • The SEPA Geographical Area​
  • WhatĀ isĀ a SEPAĀ PaymentĀ Scheme?​
  • The Four SEPAĀ PaymentsĀ Schemes​
  • The main SEPAĀ PaymentsĀ Initiatives​
  • TheĀ PaymentĀ Services Directive​
  • TheĀ PaymentĀ Services Directive 1 and 2​
  • TheĀ EuropeanĀ PaymentsĀ Council​
  • The EPCĀ schemeĀ documents​
  • SEPA Payments Schemes publications – TheĀ calendar and mainĀ milestones​
  • TheĀ PaymentĀ Service Providers in SEPA​
  • The generic Four Corner Model for all SEPAĀ Payments​
  • SCT and SCTĀ InstĀ are pushĀ payments​
  • SDDĀ CoreĀ and SDD B2B are pullĀ payments​
  • SEPA payments rely on open international standards
  • Few statisticsĀ inĀ differentĀ EuropeanĀ countries​
  • AssessmentĀ Quiz​
Module 2 – The SCT scheme documents and the Four Corner Model
  • The Four Corner Model is at the basis of the SCT ​
  • The SCT scheme and the Four Corner Model​
  • The SCT scheme rules are described in the EPC Rulebooks​
  • The EPC documents for the SEPA Credit Transfer​
    • The Main documents​
    • Other interesting EPC documents for SCT implementation projects
    • Other useful resources for the SCT Implementation projects​
    • An important tip for reading new versions of the main EPC documents
  • The Four Corners: What are they ?​
  • End parties in the SCT Four Corner Model​
  • The Payment Service Providers in SEPA​
  • TheĀ PISP and the Four Corner Model​
  • Assessment Quiz
Module 3 – Clearing, Settlement and Market infrastructures of the SCT
  • Clearing and settlement systems in the Four Corner Model​
  • Clearing and Settlement – Definitions​
  • Market infrastructures of the SEPA Credit Transfer​
  • Separation of the scheme and the infrastructures – What does it mean?​
  • SCT Scheme compliant clearing systems and their categories​
  • Common characteristics of CSM​
  • Interoperability of clearing systems​
  • Interoperability at CSM level – What it implies​
  • The two models of connections to CSM in the SEPA Area​
  • Prioritization of clearing systems during the payment processing​
  • Types of processing cycles in clearing systems​
  • Participation Directory of a Clearing system​
  • Interconnections of CSM​
  • Assessment Quiz
Module 4 – The messages exchanged in SCT Scheme
  • The LIMF Method applied to payment schemes​
  • The messages exchanged in the SCT Scheme are found in the Implementation guidelines​
  • Overview of all messages listed in the SCT Implementations Guidelines​
  • Overview of all messages listed in the SCT IG and Customer Reporting messages​
  • SEPA Message names are inherited from the ISO 20022 standard​
  • Structure and meaning of SEPA message names​
  • Overview of all messages listed in the SCT IG and Customer Reporting messages​
  • Messages in the Customer-to-bank space​
    • Customer to Bank Instruction and PSR messages (Pain.001 and Pain.002)​​
    • Bank to Customer Reporting messages (Camt.052, Camt.053, Camt.054)​
  • Messages in the Interbank space​
    • Pacs.008.001.02 (SCT), Pacs.002.001.03 (RejetĀ SCT), Pacs.004.001.02 (Return SCT), Camt.056.001.01 (Recall),Ā Pacs.028.001.01 (Request for Status update), Camt.029.001.03 (Negative Response to Recall)​​​
    • Camt.027.001.06 (SCT Inquiry – Claim non-receipt), Camt.029.001.08 (Response to claim non-receipt), Camt.087.001.05 (SCTĀ Inquiry – Claim for Value Date correction), Camt.029.001.08 (Response to Claim for Value Date correction)​​
Module 5 – Messages in the Customer-to-Bank space: the Standard ISO 20022 and SCT Implementations Guidelines
  • Introduction to the standard ISO 20022​
  • Standard ISO 20022 and Payments​
  • Syntax and semantics in the standard ISO 20022​
  • ISO 20022 specifications and the SEPA Implementation Guidelines (IG)​
  • Message elements available in the Standard ISO 20022 and their usage in SEPA​
  • Comparison of SEPA IG and ISO 20022 specifications​
  • Summary of differences between SEPA IG and ISO 20022 specifications​
  • SEPA CORE Payments and Additional Optional Services (AOS)​
  • Different types of Additional Optional Services (AOS)​
  • Overview of all messages listed in the SCT IG and Customer Reporting messages​
  • Deep dive into customer-to-bank messages used in the SCT Scheme​
    • Pain.001.001.03 and Pain.002.001.03​
    • Camt.052.001.02, Camt.053.001.02 and Camt.054.001.02​
  • AssessmentĀ Quiz​

Ā 

Module 6 – Messages in the Interbank space: the Standard ISO 20022 and SCT Implementations Guidelines
    • Reminder : the GAIM method to apprehend SEPA messages is very powerful​
    • Summary of differences between SEPA IG and ISO 20022 specifications ​
    • Deep dive into messages used in the Interbank Space of the SCT Scheme​
      • Pacs.008 message structure​
      • Pacs.004 message structure and reason codes​
      • Camt.056 message structure​
      • Pacs.028 message structure​
      • Camt.029.001.03 message structure and reason codes in SEPA​
      • Camt.027 message structure​
      • Camt.087 message structure​
      • Camt.029.001.08 message structure ​
      • Camt.029.001.08 response codes in SEPA​
    • AssessmentĀ Quiz​

    Ā 

Module 7 – The main features of the SEPA Credit Transfer
  • Main features of the SEPA Credit Transfer​
  • The SCT uses the IBAN as account identifier​
  • The SCT uses the BIC as Bank identifier​
  • The SCT allows only shared fees​
  • The SCT is a non-urgent transfer​
  • The SCT execution time is maximum one business day​
  • The SCT allows amounts exclusively in EUR​
  • The SCT can carry up to 140 characters unstructured or structured Remittance Information​
  • The SCT can transport ultimate debtor and ultimate creditor Information​
  • The SCT is independent of acquisition and clearing channels​
  • AssessmentĀ Quiz​
Module 8 – SCT Payment Processing value chain: Acquisition and Reporting
  • Payment processing value chain (from bank’s perspective)​
  • Payment processing value chain – Inside the bank​
  • Payment channels​
    • Third Party Providers channels​
    • File Transfer channels​
    • File Transfer channels and the communication protocols​
  • Security in file transfer channels – the main challenges​
  • Security is achieved through the use ofĀ cryptography techniques​
  • Asymmetric encryption mechanisms use pairs of keys​
  • Asymmetric encryption mechanisms – how it works​
  • Asymmetric mechanisms – combination of hash functions andĀ keys​
  • Asymmetric mechanisms – the reality (is a bit more complex)​
  • DigitalĀ Certificate or public keyĀ certificate​
  • Summary of encryption mechanisms​
  • The EBICS Protocol​
  • Encryption inĀ theĀ EBICS Protocol​
  • EBICS Protocol – The summary​
  • SWIFTNetĀ and theĀ SWIFTNetĀ Protocols​
  • Acquisition and Reporting agreements​
    • Practical example to illustrate how it works​
    • Typical requirements​
    • Users and College of Signatories​
    • Typical checks and outcomes​
  • AssessmentĀ Quiz​
Module 9 – SCT Payment Processing value chain: Order Management
  • Payment processing value chain (from bank’s perspective)​
  • Payment processing value chain – Inside the bank​
  • Payment order management – Introduction and generality​
  • Payment order management for the SEPA Credit Transfer​
  • Single-beneficiary and Multi-beneficiary payment orders​
  • POMĀ PaymentĀ processingĀ steps​
  • POM functions and services​
    • Payment parsing and validation​
    • IBAN validation and verification​
    • BIC / IBAN coherence check​
    • NAR validation and enrichment​
    • Dates and the related controls​
    • Dates – Processing time, Calendar and Business days​
    • Dates – Open BusinessĀ days​
    • Duplicate checks​
  • POM functions and services​
    • Processing agreements​
      • Service Execution speed​
      • Service Requested execution date as Settlement date​
      • Service Duplicate checks​
      • Service Late modification​
      • Service percentage of erroneous transactions​
      • Service management of erroneous orders / operations​
      • Service deferred cut-off​
      • Service accounting methods for booking entries​
    • PendingĀ orderĀ management​
    • Balance check​
    • RoutingĀ andĀ issuing​
  • AssessmentĀ Quiz​
Module 10 – SCT Payment Processing value chain: Payment exchange
  • Payment processing value chain (from bank’s perspective)​
  • Payment processing value chain – Inside the bank​
  • Payment Exchange Platform (PEP)​
  • Payment exchange platform – A focal point​
  • PEP functions and services​
  • Sanctions screening​
  • PEP and Routing directories​
  • SEPA Routing Directory and other CSM directory​
  • Participation directories versions​
  • Payment Exchange Platform – Bulking and Debulking ​
  • AssessmentĀ Quiz​

Course 3 – Secrets for your SEPA Credit Transfer Projects

TheĀ Secrets for your SEPA Credit Transfer projectsĀ Course was designed for people whoĀ deliverĀ paymentĀ projects andĀ want toĀ become highly skilled payment professionals.

Module 1 – Booking and the SEPA Credit Transfer
  • Introduction to Booking​​
  • The double entry bookkeeping principle ​​
    and accounting events​​
  • Examples of accounting events to illustrateĀ theĀ double entry principle​​
  • Different types of bank accounts​​
  • Booking and non-booking transactions​​
  • Creditor bank pacs.008 (SCT) booking​​
  • Creditor bank pacs.004 (Return) booking​​
  • Creditor bank pacs.004 (Pos. response) booking – the amounts​​
  • Creditor bank pacs.004 (Positive response)Ā booking​​
  • Debtor bank credit transfer pain.001 andĀ pacs.008Ā booking – Order with one transaction​​
  • Debtor bank credit transfer pain.001 andĀ pacs.008Ā booking – Order with ten transactions​
  • Debtor bank pacs.004 (normal return) booking​​
  • Debtor bank pacs.004 (positive response)Ā booking​​
  • Correspondent banking in domestic payments – Nostro, Vostro and Loro accounts​​
  • Correspondent banking in domestic payments – Nostro and Vostro accounts​​
  • Shadow andĀ mirrorĀ accounts​​
  • Shadow and mirror accounts – Illustration withĀ anĀ account relationship between DP and IP​​
  • Real and Mirror accounts in end-to-endĀ theĀ processing of a SCT​​
  • Real and Mirror accounts in settlement betweenĀ IPĀ and DP​​
  • Reconciliation of real and mirror accounts​​
  • Example of reconciliation with singleĀ bookingĀ between IP and DP​​
  • AssessmentĀ Quiz​
Module 2 - Account Balance Management
  • Challenges of Account balance management​​
    • Challenge 1 of account balance management​​​​
    • Challenge 2 of account balance management​​
  • Customer account balance management : the ideal and the reality for banks​​
  • Balance Management System (BMS)
  • Intraday balance and account balance​​​​
    • Challenge 1 with a BMS system​​​​​​
    • Challenge 2 with a BMS system​​​​
  • Introduction to merge accounts​​
    • Balance Management for merge accounts – Payment initiation​​​​​​​​
    • Balance Management for merge accounts – Payment reception​​
  • AssessmentĀ Quiz​
Module 3 – Payment engines
  • Introduction to payment engines​​
  • Payment engines interact with many systems in the bank​​
  • Payment engines and Payment Services Hubs​​
  • Payment engines and the payment processing value chain​​
  • Finding the Payment engines in your projects​​
    • Example 1 of payment engines application architecture ​​
    • Example 2 of payment engines application architecture​​
    • Example 3 of payment engines application architecture ​​
    • Example 4 of payment engines application architecture ​​
  • Options for Payment engines Implementation​​
  • Main actors of PE implementation projects​​
  • Few payment engines for SEPA Payment Processing​​
  • Assessment Quiz​
Module 4 – Payment engines integration into the Bank IT landscape
  • Payment engines interact with many systems in the bank​​
  • Interfaces​​
    • Interfaces play a crucial role in payment processing ​​
    • Synchronous messaging (or communication)​​
    • Asynchronous messaging (or communication)​​
    • 2-way asynchronous communication​​
    • Challenges of asynchronous communication​​
    • Batch Mode​​
    • TransactionalĀ Mode​​
  • Surrounding systems of a payment engine (POM)​​
  • Authentication & rights​​
  • Channels​​
  • CSM and SWIFT Directories​​
  • CustomerĀ Referentials​​
  • Fraud detection​
  • Surrounding systems of a payment engine (POM)​​
    • Accounting systems​​
    • Audit log or Audit Trail​​
    • Pricing & Billing​​
    • Archiving​​
    • Reporting​​
    • Data warehouse & Statistics​​
    • Monitoring​​
    • The Scheduler​​
    • Investigations​​
  • Surrounding systems of a payment engine (PEP)​​
    • Screening​​
    • IntrabankĀ and Interbank Networks​​
  • AssessmentĀ Quiz​
Module 5 – Payment engine and the Graphical User Interface
  • Introduction to Graphical User Interfaces​​
  • Navigation menu on the left of the page​​
  • Navigation menu on top of the page​​
  • Payment instruments and the GUI​​
  • Payment engines GUI – Naming and organizing the menu items ​​
  • Payment capture – Key principles​​
  • SEPA Payment capture – Best practices​​
  • Payment information displayed on the GUI​​
    • Examples of pain.001 andĀ  pacs.008​​
  • Original transactions and related transactions (R-transactions)​​
  • Original transactions and R-transactions on the GUI​​
  • Reconciliation of R-transactions​​
  • Linking original and r-transactions on the GUI​​
  • The 3270 screens​​
  • AssessmentĀ Quiz​
Module 6 - Payment engine User rights and actions
  • User actions – introduction​​
  • User rights, user roles and users – theĀ overview​​
  • User rights and user roles​​
  • Role-Based Access Control (RBAC) andĀ UserĀ roles​​
  • Illustration of user role and RBAC on menuĀ items​​
  • The search and search criteria​​
  • Generic search steps​​
  • Tips and suggestions about search screens​
  • The worklist items (WLI)​​
  • The worklist items should be pushed​​
  • The worklist items (WLI) should be exhaustive​​
  • Prioritization of worklist items​​
  • Messages on the worklist items​​
  • Messages on the worklist items – Clarity,Ā trainingĀ and documentation​​
  • Audit log or audit trail – Logging of actions​​
  • Settings and parameters​​
  • Assessment Quiz
Module 7 – State machine diagrams of payment entities
  • Introduction to State machine diagrams​​
  • Examples of State machine diagrams​​
  • The light bulb​​
  • The door​​
  • The entities of a payment message​​
  • Process flows of the payment entities​​
  • Message – State machine diagram​​
  • Order – State machine diagram​​
  • Transaction – State machine diagram​​
  • State diagrams and booking​​
  • AssessmentĀ Quiz​
Module 8 - Scope of your SCT project
  • What is your SCT project about ?​​
  • SCT messages and your project​​
  • Which messages are in scope of your project?​​
  • Messages in the customer-to-bank space​​
  • The Originator bank interbank messages​​
  • The Beneficiary bank interbank messages​​
  • Messages exchanged with Clearing systems​​
  • Messages exchanged with EBA STEP2Ā (SCTĀ Scheme)
  • The Payment processes – few key concepts​​
  • The rulebooks contain high-level processes​​
  • Typical processes in scope of an SCT project​​
  • The processes in your SCT project​​
  • The applications in scope of your project​​
  • The geographical scope​​
  • Internal and external customers​​
  • AssessmentĀ Quiz​​
Module 9 – Information system architectures
  • Why the architectural approach
    • The challenges
    • The objectives
  • The Architectural approach – What is it?​​
  • How the architectural plans relate to each other​​
  • The process architecture​​
  • The functional architecture​​
  • The functional architecture with sub-functionalĀ blocks​
  • Functional architecture – aĀ paymentĀ exchange platform​​
  • The Application architecture​​
  • Application architecture – data flows​​
  • Application architecture – Integration tools​​
  • The technical architecture​​
  • Technical architecture – Load balancingĀ andĀ high availability​​
  • AssessmentĀ Quiz​​

Course 4 – Initiation to Cross-Border Payments

TheĀ Initiation to Cross-border paymentsĀ CourseĀ provides a step-by-step explanation of how cross-border payments work.

Module 1 – Key strategies to understand how cross-border payments work-Organization of market infrastructures
  • What is a Cross-border payment?​
  • The « six party modelĀ Ā» for cross border payments​
  • The four key strategies to understand how cross-border payments work​
  • Strategy #1 – Understand the principles behind theĀ organization of market infrastructures in the differentĀ countries of the world​
  • Payment systems models – Open loop models​
  • Open loop models – Payment systems anatomy​
  • Payment market infrastructures in France (EUR)​
  • Payment market infrastructures in the USA (USD)​
  • Payment market infrastructures in Australia (AUD)​
  • Payment market infrastructures in South Africa (ZAR)​
  • Payment market infrastructures in UK (GBP andĀ EUR)​
  • Payment market infrastructures in Sweden (SEK andĀ EUR)​
  • Payment market infrastructures in Norway (NOK andĀ EUR)​
  • Payment market infrastructures in China (CNY/RMB)​
  • Payment market infrastructures in Japan (JPY)​
  • Payment market infrastructures in Canada (CAD)​
  • PaymentĀ marketĀ infrastructures inĀ IndiaĀ (INR)​
  • AnswersĀ to key questions ofĀ StrategyĀ #1​
  • AssessmentĀ Quiz​
Module 2 – Key strategies to understand how cross-border payments work-Correspondent account relationships
  • The Strategy 2 to understand how cross border payments work​
  • Banks need to send and receive payments in foreign currency​
  • Banks and correspondent accounts​
  • Correspondent banking – unilateral account relationship​
  • Correspondent banking – Nostro, Vostro,Ā LoroĀ accounts​
  • Unilateral account relationship and mirror account​
  • Bilateral account relationship​
  • How mirror accounts are used ​
  • Funds in currency are kept on correspondent accounts​
  • Transfers in currency and the correspondent account​
  • The correspondent network​
  • Different types of currencies​
  • Opening of correspondent accounts – direct deposit​
  • Answers to key questions of Strategy #2​
  • AssessmentĀ Quiz​
Module 3 – Key strategies to understand how cross-border payments work-The SWIFT Network and the SWIFT standards
  • The strategy 3 to understand how cross border payments work​
  • The situation before the SWIFT Network ​
  • SWIFT addresses security and automation​
  • SWIFTNetĀ is a highly secure Network​
  • SWIFT standards enhance the communication​
  • SWIFT standards enable automation​
  • SWIFTNetĀ interconnects banks and corporations​
  • SWIFTNetĀ is a messaging system​
  • SWIFT and the BIC code​
  • AssessmentĀ Quiz​

Ā 

Module 4 – Key strategies to understand how cross-border payments work-Introduction to FX markets and how banks handle currencies
  • The Strategy 4 to understand how cross borderĀ payments work​
  • Cross border payments and currency exchanges​
  • FX Markets are used by banks and theirĀ customers​
  • Foreign exchange – Introduction and definition​
  • ISO 4217: the Standard for currency codes​
  • FX – Fixed Exchange rate and FloatingĀ Exchange rate​
  • Foreign exchange – Currency pairs​
  • BID price and ASK price for banks and customers​
  • Foreign exchange – Example of a currency quote​
  • Foreign exchange – Direct and Indirect Quotation​
  • Foreign exchange – Currency tenor​
  • Foreign exchange – The Float​
  • Liquidity management (in cross border paymentĀ context)​
  • When do banks go the FX markets?​
  • Adjustments on the FX account(s)​
  • Funds in currency are kept on correspondentĀ accounts​
  • AssessmentĀ Quiz​
Module 5 – Modeling cross border payments
  • What is a Cross-border payment?​
  • The « six party modelĀ Ā» for cross border payments​
  • Customer Credit Transfer to a customer of theĀ correspondent bank​
  • Customer Credit Transfer to a customer of theĀ correspondent ​
    bank’s subsidiary​
  • FI Transfer to the correspondent bank’s subsidiary​
  • Customer Credit Transfer to a customer of another bank inĀ the monetary zone​
  • FI Transfer to another bank in the monetary zone​
  • Customer Credit Transfer to a customer of a major bank’sĀ subsidiary in the monetary zone​
  • FI Transfer to a major bank’s subsidiary in the monetaryĀ zone​
  • Customer Credit Transfer from a customer of a majorĀ bank’s subsidiary to a customer of another major bank’sĀ subsidiary​
  • FI Transfer from a major bank’s subsidiary to the subsidiaryĀ of another major bank​
  • Customer Credit Transfer – Bank 1 and Bank 2 have the sameĀ correspondent in the country of the currency of transfer​
  • FI Transfer – Bank 1 and Bank 2 have the same correspondentĀ in the country of the currency of transfer​
  • Customer Credit Transfer – Bank 1 and Bank 2 have the sameĀ correspondent and subsidiaries are involved​
  • FI Transfer – Bank 1 and Bank 2 have the same correspondentĀ and subsidiaries are involved​
  • Customer Credit Transfer – Bank 1 and Bank 2 have differentĀ correspondents in the country of the currency of transfer​
  • FI Transfer – Bank 1 and Bank 2 have different correspondentsĀ in the country of the currency of transfer​
  • Customer Credit Transfer – Bank 1 and Bank 2 have differentĀ correspondents and their subsidiaries are involved​
  • FI Transfer – Bank 1 and Bank 2 have different correspondentsĀ and their subsidiaries are involved​
  • AssessmentĀ Quiz​
Module 6 – MT Messages in Cross border payments
  • SWIFT Messages standards​
  • The main spaces in cross border payments​
  • How to get the messages overview?​
  • SWIFT MT Messages for Customer transfers​
  • SWIFT MT Messages for Financial InstitutionĀ transfers​
  • Bank roles in Cross border payments​
  • SWIFT MT Message Identifiers​
  • Structure of a SWIFT MT Message​
  • SWIFT MT Message structure example​
  • MT Message field structure​
  • List of SWIFT Messages Types​
  • MT Messages in the Customer-to-bank Space​
  • SWIFT MT Messages for Customer transfers​
  • MT Messages in the Bank-to-correspondentĀ Space​
  • SWIFT MT Messages for Financial InstitutionĀ transfers​
  • AssessmentĀ Quiz​
Module 7 – MX Messages in Cross border payments
  • SWIFT Messages standards​
  • Advantages of SWIFT MX standards​
  • SWIFT migration to MX messages – The calendar​
  • The different spaces in cross border payments​
  • How to get the messages overview?​
  • SWIFT MX Messages for Customer transfers​
  • SWIFT MX Messages for Financial Institution transfers​
  • MT and MX ISO 20022 have different vocabularies​
  • SWIFT MX message names​
  • Structure and meaning of SWIFT MX message names​
  • SWIFT MX MessageĀ DefinitionĀ Reports andĀ Schemas
  • SWIFT MX Message structure​
  • Difference between ISO 20022 andĀ SWIFTNetĀ MXĀ messages​
  • MX Messages in the Customer-to-bank space​
  • SWIFT MX Messages for Customer transfers​
  • MX Messages in the Bank-to-correspondent space​
  • SWIFT MX Messages for Financial InstitutionĀ transfers​
  • AssessmentĀ Quiz​​
Module 8 – Basic Customer and Financial Institution Credit Transfers
  • Basic MT103 Transfer with Direct Account Relationship​
  • MT103 Transfer with optional fields 53B, 70 and 71G // Pacs.008​
  • MT103 Transfer with fields 52a, 57a // Pacs.008​
    • Message 1 from Bank to correspondent​
    • Message 2 from correspondent to Creditor Agent​
  • Transfer with Currency conversion​
    • MT 103 from bank to correspondent // Pacs.008​
    • MT950 from correspondent to Bank // Camt.053​
  • MT202 FI Transfer // Pacs.009 ​
    • Message 1 from FI debtor to correspondent​
    • Message 2 from correspondent to Creditor Agent​
  • AssessmentĀ Quiz​
Module 9 – Serial and Cover Payments
  • Serial and Cover Methods – Introduction​
  • Customer Credit Transfer – Cover Method​
  • Customer Credit Transfer – Serial Method​
  • Cover method analysis (MT and MX messages) ​
    • Customer instruction: MT101 // Pain.001
    • MT 103 // Pacs.008 Announcement
    • First MT202 COV // MX Pacs.009
    • Second MT202 COV // MX Pacs.009
    • MT910 // Camt.054 Credit Notification
  • Serial method analysis (MT and MX messages)​
    • First MT103 // MX Pacs.008
    • Second MT103 // MX Pacs.008
    • Third MT103 // MX Pacs.008
  • Assessment Quiz
Module 10 – SWIFT MT and MX Messages structures
  • SWIFT MT Messages structure
    • SWIFT MT Message overview
    • Structure of a SWIFT MT Message​
    • SWIFT MT Message structure example​
    • SWIFT MT 101 Text block structure​
    • SWIFT MT 104 Text block structure​
    • SWIFT MT 103 Text block structure​
    • SWIFT MT 102 Text block structure​
    • SWIFT MT 202 Text block structure​
    • SWIFT MT 202 COV Text block structure​
    • SWIFT MT 204 Text block structure​
  • SWIFT MX Messages structure​​
    • SWIFT MX Messages overview
    • Syntax and semantics in the standard ISO 20022​
    • MX pain.001.001.11 message structure​
    • MX pain.008.001.09 message structure​
    • MX pain.002.001.11 message structure​
    • MX pain.007.001.11 message structure​
    • MX camt.053.001.02 message structure​
    • MX pacs.008.001.10 message structure​
    • MX pacs.009.001.10 message structure​
    • MX pacs.010.001.05 message structure​
    • MX pacs.004.001.11 message structure​
    • MX pacs.007.001.11 message structure​
  • AssessmentĀ Quiz​

Course 5 – Master Cross-Border Payments

TheĀ Mastering Cross-border paymentsĀ CourseĀ provides an advanced step-by-step explanation of how cross-border payments work.

Module 1 – SWIFTNet: Registration, Connectivity and Services
  • Prerequisites for exchanging messages onĀ SWIFTNet​
  • SWIFTNetĀ Identifiers​
  • Steps to get SWIFT Identifiers and become aĀ SWIFTNetĀ user​
  • Connectivity toĀ SWIFTNet​
    • Cloud-basedĀ solutions​
    • Alliance Kits​
    • AllianceĀ connectĀ packages​
  • SWIFTNetĀ Link: the connectivity software​
  • AllianceĀ connectĀ implementationĀ process​
  • Security onĀ SWIFTNet​
    • SWIFT Public Key Infrastructure​
    • Certificates distribution​
  • Security onĀ SWIFTNet​
    • Certificates and the HSMs​
    • Functions performed by the SNL and by theĀ institution​
  • Protocols and services onĀ SWIFTNet​
  • Subscription and access rights​
    • The Closed User Groups (CUG)​
    • The Relationship Management Application (RMA)​
  • Recap – actionsĀ beforeĀ message exchange​
  • SWIFTNetĀ transactionalĀ modes​
  • Typical architecture for a direct connection toĀ SWIFT​
  • AssessmentĀ Quiz​
Module 2 – Customer credit transfer initiation (MT101 and MX Pain.001)
  • SWIFT MT 101 Text block structure​
  • MX pain.001.001.11 message structure​
  • How corporations use the MT101 / MX Pain.001​
  • MT101/MX Pain.001 with two domestic transactions​
  • MT101/MX Pain.001 usage to pay from multiple debit accounts​
  • MT101/MX Pain.001 usage to pay from a subsidiary account​
  • MT101/MX Pain.001 usage by parent company to pay on behalf of subsidiaries​
  • MT101/MX Pain.001 usage for funds repatriation​
  • AssessmentĀ Quiz​

Ā 

Module 3 – Customer credit transfers where six financial institutions are involved
  • Model where Bank 1 and Bank 2 have differentĀ correspondentsĀ and their subsidiaries are involved​
  • Customer credit transfer where six banks are involved (Method 1 with a third reimbursement institution)​
    • The announcement: MT103/MX Pacs.008​
    • The MT202COV / MX Pacs.009 to the sender’s correspondent​
    • The MT205COV / MX Pacs.009 in the USD zone​
    • The second MT202COV / MX Pacs.009​
  • Customer credit transfer where six banks are involved (Method 2 using an Account with Institution)​
    • The announcement: MT103/MX Pacs.008​
    • The MT202COV / MX Pacs.009 to the sender’s correspondent​
    • The MT205COV / MX Pacs.009 in the USD Zone​
    • The MT910 / MX Camt.054 to the Receiver’s Main office​
  • Customer credit transfer where six banks are involved (Can a MT 103 serial be used ?)​
    • First MT103/MX Pacs.008 with the serial method​
  • MT103 Core and MT 103 STP​
  • MT103 Core and MT 103 REMIT​
  • AssessmentĀ Quiz​
Module 4 – Financial Institution Credit Transfers and Direct Debits
  • Financial Institution Credit Transfer with MT200 / MX Pacs.009​
  • Financial Institution Credit Transfer with cover method
    • The MT202 / Pacs.009 Advice
    • The first MT202 / Pacs.009 Core as Cover​
    • The second MT202 COV / Pacs.009 Core as Cover​
    • The third MT202 COV / Pacs.009 Core as Cover​
    • The MT910 / MX Camt.054​
  • The MT 204 /Ā Pacs.010 Financial Institution Direct Debit​
  • AssessmentĀ Quiz​
Module 5 – Related transactions in cross border payments
  • Original transactions and related transactionsĀ (R-transactions)​
  • The main related transactions​
  • Example of MT103 Reject​
  • Example of MT103 Return​
  • Cancellation requestĀ  in the Cover method​
  • Cancellation request from Customer (MT192 /Ā MX Camt.055)​
  • Cancellation request MT192 / MX Camt.056 onĀ announcement​
  • Response to Cancellation request MT196 /Ā Camt.029 (Pending)​
  • Response to Cancellation request MT196 /Ā Camt.029 (Cancelled)​
  • Cancellation request MT292 on MT202COVĀ / MX Camt.056 on MX Pacs.009​
  • First MT 202 COV Return / MX Pacs.004Ā Return after accepting a cancellationĀ request​
  • Cancellation Request Process in the MXĀ ISO 20022​
  • Payment Reversal​
  • Customer Payment Reversal throughĀ domestic CSM​
  • SWIFT GPI tracker and Universal paymentĀ confirmations (MT 199)​
  • AssessmentĀ Quiz​
Module 6 – Standing Settlement Instructions (SSI) and Settlement path determination
  • Standing settlement instructions​
  • Getting SSI data: the two main options​
  • FULL and DELTA versions ofĀ SWIFTRefĀ Directories​
  • How SSIs are used during payment processing​
  • Algorithm to determine the settlement path​
  • Many parties can be provided in the SSI​
  • How to send currency to a small Creditor Bank?​
  • Updated algorithm to determine the settlement path ​
  • AssessmentĀ Quiz​
Module 7 – Foreign Exchange in Cross-border payments
  • FX Markets are used by banks and their customers​
  • BID price and ASK price for banks and customers​
  • ForeignĀ eXchange – Example of a currency quote​
  • ForeignĀ eXchange – Currency tenor​
  • ForeignĀ eXchange – The Float​
  • FX main process steps​
    • 1. Find out if a FX conversion is required​
    • 2. Determine the rate type​
    • 3. Determine the rate​
    • 4. Apply the rate​
  • AssessmentĀ Quiz​
Module 8 – Charges in Cross-border payments
  • The charge options​
  • MT103 Serial with charge option BEN​
  • MT103 Serial with charge option SHA​
  • MT103 Transfer with charge option OUR prepaid​
  • MT103 Serial with charge option OUR non-prepaid​
  • MT202 charge model​
  • MT202: collection of charges​
  • Usage of MTn90 (Advice of Charges)​
  • Usage of MT191 (Request of Charges)​
  • Query and Answer related to the MT191​
  • Usage of MT191 with Account with Institution ​
  • AssessmentĀ Quiz​
Module 9 – XCT Payment processing value chain – Acquisition and Reporting
  • Payment processing value chain (fromĀ bank’s perspective)​
  • Payment processing value chain – InsideĀ the bank​
  • Payment channels​
    • Third Party Providers channels​
    • File Transfer channels​
    • The Worldwide host-to-host channel​
    • File Transfer channels and theĀ communication protocols​
  • Security in file transfer channels – the mainĀ challenges​
  • Security is achieved through the use ofĀ cryptography techniques​
  • Asymmetric encryption mechanisms useĀ pairs of keys​
  • Asymmetric encryption mechanisms – how itĀ works​
  • Asymmetric mechanisms – combination ofĀ hash functions and keys​
  • Asymmetric mechanisms – the reality (is aĀ bit more complex)​
  • Digital Certificate or public key certificate​
  • Summary of encryption mechanisms​
  • SWIFT Personal token and End entityĀ certificates​
  • SWIFT Secure Signature Key or 3SKey​
  • AssessmentĀ Quiz​

Ā 

Module 10 – XCT Payment processing value chain – Order management
  • Payment processing value chain (from bank’s perspective)​
  • Payment processing value chain – Inside the bank​
  • Payment order management – Introduction and generality​
  • Payment order management for Cross-border payments
  • Single-beneficiary and Multi-beneficiary payment orders​
  • POMĀ PaymentĀ processingĀ steps​
  • POM functions and services​
    • Payment parsing and validation​
    • IBAN/BBAN account validation
    • IBAN/BBAN Account verification
    • NAR validation and enrichment
    • Dates and the related controls
    • Dates – Processing time, Calendar and Business days
    • Dates – Open Business days
    • Duplicate checks
  • POM functions and services​
    • Processing agreements​
      • Service Debit/Credit Notification​
      • Service FX Margin​
      • Service Account substitution​
      • Service Late modification​
      • Service Value date​
      • Service Authorization to debit account​
      • Service Specific charges Account​
    • Charge option validation & application​
    • Specific country or regional validations​
    • SettlementĀ pathĀ determination​
    • PendingĀ orderĀ management​
    • FX conversion​
    • Balance check​
    • RoutingĀ andĀ issuing​
  • AssessmentĀ Quiz​

Ā 

Module 11 – XCT Payment processing value chain – Payment Exchange
  • Payment processing value chain (from bank’s perspective)​
  • Payment processing value chain – Inside the bank​
  • Payment Exchange Platform (PEP)​
  • Payment exchange platform – A focal point​
  • PEP functions and services​
  • Sanctions screening​
  • PEP and Routing directories​
  • XCT Validation, Routing and SSI Directories​
  • Participation directories versions​
  • Payment Exchange Platform – Bulking and Debulking ​
  • AssessmentĀ Quiz​

Ā 

Course 6 – Secrets for your Cross-Border Payment Projects

In this course, you get all the secrets to quickly understand and successfully deliver your cross-border payment projects.

Module 1 – Correspondent accounts and their reconciliation
  • Correspondent banking – unilateral account relationship​
  • Correspondent banking – bilateral account relationship​
  • Correspondent banking – Loro accounts​
  • Recap: Shadow and mirror accounts​
  • Illustration with an account relationship between bank and its correspondent​
  • Real and Mirror accounts in end-to-end the processing of cross-border transfers​
  • Why mirror account are needed​
  • Reconciliation of real and mirror accounts​
  • Example of reconciliation with single booking between a bank and its correspondent​
  • Example of reconciliation with batch booking between a bank and its correspondent​
  • Challenge of Nostro account management​
  • Nostro account management: the solutions​

 

Module 2 – Booking and cross-border payments
  • Introduction to Booking​
  • The double entry bookkeeping principle ​
    and accounting events​
  • Examples of accounting events to illustrate theĀ double entry principle​
  • Different types of bank accounts​
  • Customer Credit Transfer – Serial Method​
    • When a FX conversion is required: an example​
    • Rates and accounting events to debit an account inĀ currency​
    • Debtor bank credit transfer pain.001/MT101 andĀ pacs.008/MT103 booking – Order with oneĀ transaction​
    • Debtor bank pacs.004 (normal return) booking​
    • Correspondent of Debtor bank pacs.008 / MT103Ā booking – Order with one transaction​
  • Customer Credit Transfer – Serial Method​
    • Correspondent of Creditor bank pacs.008 / MT103Ā booking – Order with one transaction​
    • Case of an incoming transaction in currency​
    • Case of an incoming transaction in currency​
    • Creditor bank pacs.008 / MT103 (credit transfer)Ā booking​
    • Creditor bank pacs.004 / MT103 (Return) booking​
    • Creditor bank pacs.004 / MT103 Return from aĀ customer account​
  • Customer Credit Transfer – Cover Method​
    • Creditor bank pacs.008 / MT103 (announcement)Ā booking​
  • AssessmentĀ Quiz​
Module 3 – Customer and Nostro Account Balance Management in cross border payments
  • Purposes of Account balance management​
    • Challenge 1 of account balance management​
    • Challenge 2 of account balance management​
  • Customer account balance management : the ideal and the reality for banks​
  • Balance Management System (BMS)​
  • Intraday balance and account balance​
    • Challenge 1 with a BMS system​
    • Challenge 2 with a BMS system​
  • Purposes of Nostro account balance management
  • ​Structures of Nostro accounts
  • Challenge of Nostro account management​
  • Nostro account management: the solutions​
  • Results of the Proof of Concept for SWIFTĀ gpiĀ Nostro DLT​
  • AssessmentĀ Quiz​

Ā 

Module 4 – The Payment engines
  • Introduction to payment engines​
  • Payment engines interact with many systems in the bank​
  • Payment engines and Payment Services Hubs​
  • Payment engines and the payment processing value chain​
  • Finding the Payment engines in your projects​
    • Example 1 of payment engines application architecture ​
    • Example 2 of payment engines application architecture​
    • Example 3 of payment engines application architecture ​
    • Example 4 of payment engines application architecture ​
  • Options for Payment engines Implementation​
  • Main actors of PE implementation projects​
  • Few payment engines for the processing of Cross-Border Payments​
  • AssessmentĀ Quiz​
Module 5 – The Payment engines Integration into the Bank IT landscape
  • Payment engines interact with many systems in the bank​
  • Interfaces​
    • Interfaces play a crucial role in payment processing ​
    • Synchronous messaging (or communication)​
    • Asynchronous messaging (or communication)​
    • 2-way asynchronous communication​
    • Challenges of asynchronous communication​
    • Batch Mode​
    • TransactionalĀ Mode​
  • Surrounding systems of a payment engine (POM)​
    • Authentication & rights​
    • Channels​
    • CSM and SWIFT Directories​
    • CustomerĀ Referentials​
    • Fraud detection​
    • Foreign Exchange Systems​
  • Surrounding systems of a payment engine (POM)​
    • Accounting systems​
    • Audit log or Audit Trail​
    • Pricing & Billing​
    • Archiving​
    • Reporting​
    • Data warehouse & Statistics​
    • Monitoring​
    • The Scheduler​
    • Investigations​
  • Surrounding systems of a payment engine (PEP)​
    • Screening​
    • IntrabankĀ and Interbank Networks​
  • AssessmentĀ Quiz​

Ā 

Module 6 – Payment engines and the Graphical User Interfaces
  • Introduction to Graphical User Interfaces​
  • Navigation menu on the left of the page​
  • Navigation menu on top of the page​
  • Payment instruments and the GUI​
  • Payment engines GUI – Naming and organizing the menu items ​
  • Payment capture – Key principles​
  • Cross-border payments capture – Best practices​
  • Payment information displayed on the GUI​
    • Examples of pain.001 andĀ  pacs.008​
  • Original transactions and related transactions (R-transactions)​
  • Original transactions and R-transactions on the GUI​
  • Reconciliation of R-transactions​
  • Linking original and r-transactions on the GUI​
  • The 3270 screens​
  • AssessmentĀ Quiz​

Ā 

Module 7 – Payment Engines GUI: User rights and actions
  • User actions – introduction​
  • User rights, user roles and users – theĀ overview​
  • User rights and user roles​
  • Role-Based Access Control (RBAC) and UserĀ roles​
  • Illustration of user role and RBAC on menuĀ items​
  • The search and search criteria​
  • Generic search steps​
  • Tips and suggestions about search screens​
  • The worklist items (WLI)​
  • The worklist items should be pushed​
  • The worklist items (WLI) should be exhaustive​
  • Prioritization of worklist items​
  • Messages on the worklist items​
  • Messages on the worklist items – Clarity,Ā training and documentation​
  • Audit log or audit trail – Logging of actions​
  • Settings and parameters​
  • AssessmentĀ Quiz​
Module 8 – State machine diagrams of payment entities
  • Introduction to State machine diagrams​
  • Examples of State machine diagrams​
    • The light bulb​
    • The door​
  • The entities of a payment message​
  • Process flows of the payment entities​
  • Message – State machine diagram​
  • Order – State machine diagram​
  • Transaction – State machine diagram​
  • State diagrams and booking​
  • AssessmentĀ Quiz​
Module 9 – Debit and credit legs payment processing
  • Debit and credit legs for credit transfers​
  • The options for transaction validations​
  • Process/functions and exceptions​
  • Debit and credit legs for Customer Credit Transfers​
  • Debit leg processing – MX Pain.001/MT101 Customer CreditĀ Transfer Instruction flow​
  • Credit leg processing – MX Pain.001/MT101 Customer CreditĀ Transfer On-Us Transaction flow​
  • Credit leg processing – MX Pain.001/MT101 Customer CreditĀ Transfer Not on-Us Transaction flow​
  • Debit and credit legs for FI to FI credit transfers​
  • Debit leg processing – MX Pacs.008/MT103 FI to FI CreditĀ Transfer Instruction flow​
  • Credit leg processing – MX Pacs.008/MT103 FI to FI CreditĀ Transfer On-Us Transaction flow​
  • Credit leg processing – MX Pacs.008/MT103 FI to FI CreditĀ Transfer Not on-Us Transaction flow​
  • Debit and credit legs for Customer Direct Debits​
  • Credit leg processing – MX Pain.008/MT104 CustomerĀ Credit Transfer Instruction flow​
  • Debit leg processing – MX Pain.008/MT104 CustomerĀ Credit Transfer On-Us Transaction flow​
  • Debit leg processing – MX Pain.008/MT104 CustomerĀ Credit Transfer Not on-Us Transaction flow​
  • Debit and credit legs forĀ FI to FIĀ Direct debits​
  • Credit leg processing – MX Pacs.003/MT104 FI to FI DirectĀ Debit Instruction flow​
  • Debit leg processing – MX Pacs.003/MT104 FI to FI DirectĀ Debit On-Us Transaction flow​
  • Debit leg processing – MX Pacs.003/MT104 FI to FI DirectĀ Debit On-Us Not on-Us Transaction flow​
  • AssessmentĀ Quiz​

Ā 

Module 10 – The scope of your cross-border payment Project
  • Understanding what your XCT project is about​
  • Cross-border payment messages and your project​
  • Message categories in cross border payments​
  • The main spaces in cross border payments​
  • Bank roles in Cross border payments​
  • Bank role-based analysis method​
  • SWIFT MT Messages for Customer transfers​
  • Messages in the customer-to-bank space​
  • The Originator bank interbank messages​
  • TheĀ originatorĀ bank’sĀ correspondent messages​
  • TheĀ receivingĀ bank’sĀ correspondent messages​
  • The receiving bank messages​
  • SWIFT MT Messages for Financial InstitutionĀ transfers​
  • The ordering institution messages​
  • SWIFT MX Messages for Customer transfers​
  • SWIFT MX Messages for Financial InstitutionĀ transfers​
  • Payment processes – few key concepts​
  • Typical processes in scope of an XCT project​
  • The processes in your XCT project​
  • The applications in scope of your project​
  • The geographical scope​
  • Internal and external customers​
  • AssessmentĀ Quiz​
Module 11 – Information Systems architectures and the different plans
  • Why the architectural approach​
    • The challenges​
    • The objectives​
  • The Architectural approach – What is it?​
  • How the architectural plans relate to each other​
  • The process architecture​
  • The functional architecture​
  • The functional architecture with sub-functionalĀ blocks​
  • Functional architecture – a paymentĀ exchange platform​
  • The Application architecture​
  • Application architecture – data flows​
  • Application architecture – Integration tools​
  • The technical architecture​
  • Technical architecture – Load balancing andĀ high availability​
  • AssessmentĀ Quiz​

Ā 

Testimonials

Sujit Patil

Payment concepts explained in simple terms

The Payments Fundamentals is a really good course for those learning payments and payments professionals. I found the topics handled in each module very informative. My rate for the payments fundamentals course is 9 out of 10. You make the payment concepts accessible and ...
Read more
Sujit Patil
Senior Test Engineer at Sarvatra Technologies

Payment concepts explained in simple terms

The Payments Fundamentals is a really good course for those learning payments and payments professionals. I found the topics handled in each module very informative. My rate for the payments fundamentals course is 9 out of 10. You make the payment concepts accessible and easy to understand. The Four corner model is really helpful. Thank you for the great work! What I learned in this course is of great help in my day-to-day work.  
Sujit Patil
Sujit Patil
Senior Test Engineer at Sarvatra Technologies
Hala Farhat

Anyone starting out with international payments should take these courses

I have been working on international payments since 2016, and frankly, if I had come across your training from the beginning it would have changed a lot of things. The approach is unique, the explanations are simple and the ...
Read more
Hala Farhat
Senior Payments Consultant

Anyone starting out with international payments should take these courses

I have been working on international payments since 2016, and frankly, if I had come across your training from the beginning it would have changed a lot of things. The approach is unique, the explanations are simple and the sequence of the modules is excellent. Anyone who is just starting out with international payments should take your courses. It would really save them a lot of time. Thank you again for everything!
Hala Farhat
Hala Farhat
Senior Payments Consultant
Ahmed Mebrek

After only a few months in the payments industry, I already feel confident in my skills

After taking the payments fundamentals course, I feel very confident with my skills and abilities after only a few months in the payments industry. The course content is amazing. This is really ...
Read more
Ahmed Mebrek
Payment & Cash Management Consultant / Project Director at Docaposte

After only a few months in the payments industry, I already feel confident in my skills

After taking the payments fundamentals course, I feel very confident with my skills and abilities after only a few months in the payments industry. The course content is amazing. This is really the place to start when you begin in the payments industry. Thank you so much!
Ahmed Mebrek
Ahmed Mebrek
Payment & Cash Management Consultant / Project Director at Docaposte
Olivier Pasque

I wish I took such a course when I started my career in the payment industry

The payments fundamentals course is just fantastic. I wish I took such a course when I started my career in the payment industry. Things would have been so much easier. It is ...
Read more
Olivier Pasque
Consultant Manager - Creation of Bank/Fintech, Digital Banking, Banking as-a-Service

I wish I took such a course when I started my career in the payment industry

The payments fundamentals course is just fantastic. I wish I took such a course when I started my career in the payment industry. Things would have been so much easier. It is truly a great course to master the basics and I recommend it without any reservations.
Olivier Pasque
Olivier Pasque
Consultant Manager - Creation of Bank/Fintech, Digital Banking, Banking as-a-Service
Roman Loban

The best resource to master payment systems

I’m writing to express my gratitude for the Payments Fundamentals course, which is the best resource to master a conceptual understanding of payment systems. I have purchased access and I particularly liked the section about the explanation regarding differences between...
Read more
Roman Loban
Managing Director at FMPay and Director at HandelsHaus

The best resource to master payment systems

I’m writing to express my gratitude for the Payments Fundamentals course, which is the best resource to master a conceptual understanding of payment systems. I have purchased access and I particularly liked the section about the explanation regarding differences between Clearing and Settlement as it blurs often and in some CSMs it is hard to distinguish what is a clearing and a settlement. I think payment companies could use Paymerix's course for new employees or a refresher for existing employees.
Roman Loban
Roman Loban
Managing Director at FMPay and Director at HandelsHaus