Build Your skills on the rock for a successful career in the Payments Industry
Start your journey with Payments Fundamentals, a course specially designed to equip payments industry beginners with all the knowledge and expertise they require to become payment systems specialists. For experts, the Payments Fundamentals course fills gaps in their knowledge and brings them up to date on the latest developments, technologies, and best practices in the industry.
Payments Fundamentals Course
The purpose of payments fundamentals course is to provide you with the principles and keys to understand and study any payment system.
Expand each module to see its detailed contents
- 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
- 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
- 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
- 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
- Introduction and definitions
- Push payments and few examples
- Pull payments and few examples
- Summary – Push and Pull payments
- Assessment Quiz
- 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
- Domestic payments
- Definition
- Intrabank payment
- intra bankgroup payments
- Interbank payments
- International payments
- Domestic vs. Cross-border payments
- The six party model for cross border payments
- Correspondent banking – Nostro, Vostro and Loro accounts
- SWIFT – The gobal secure messaging platform
- Assessment Quiz
- 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
- 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
- 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
- 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
- Players that are part of the value chain
- Assessment Quiz
ONE YEAR ACCESS
Enroll today and access all course materials and updates for a year. After that, you can keep the access for only 77 €.
Learn Anywhere, On Anything
Learn from any device – Windows, Mac, Android, or iOS. Learn at home, office, park, or while travelling
Truly Comprehensive
From foundational concepts to latest advancements in the payments industry, know everything
Get Certification
Get a course completion certification after passing the quizzes and taking post-completion evaluation
Gain Confidence
Acquire unparalleled expertise in payment systems and engage in richer discussions with peers, and customers
You Are Just 1 Step Away From Building a Successful
Career in the Payments Industry
Enroll to Payments Fundamentals Course Today
Build your payments skills on the rock with the payments fundamentals course. Get updated information and stay on the top.
- You choose when you take the course on any platform (Windows, Mac, Android, iOS).
- You can refer to the course again and again in the future and build your payments skills on strong foundations.
- You can understand any type of payment systems or payment instruments anywhere in the world.
- This training will boost your confidence in your payments skills and lay the foundation for a bright future in the payments industry.
