
Explore how payment reflects personality and lifestyle, from paying for products to the data companies collect, as payment evolves from budget system to blockchain.
Demystify how a card swipe travels to banks and switches, and explore ISO/IEC standards that standardize card size and materials for universal use.
Explore the PCI DSS goals and twelve requirements that secure cardholder data across storage, transmission, and processing, with policies, access control, and ongoing monitoring.
Explore magnetic stripe and EMV chip cards, their ISO/IEC 7813 track data, and security features, including NFC contactless payments and one-time tokens, plus card number structure and issuer validation.
Card schemes explain four-party open models and three-party closed models, show how networks like Visa and RuPay switch payments, and distinguish card present versus not present transactions.
Learn how factors of authentication: something you know, something you have, and something you are, drive two-factor security in digital payments, with OTP and biometric examples.
Explain how MDR and MCC drive digital payment costs and rewards, detailing MDR’s distribution among providers, acquirers, issuers, and schemes, and MCC-based merchant classification.
Explore how card payments flow from swipe to authorization through clearing and settlement, including authentication, card schemes, end-of-day reconciliation, and net settlement concepts.
Explore disputes and profitability in card payments by examining chargebacks, refunds, and revenue sources like interchange, merchant discount rate, and co-branding.
Explore payment exceptions in digital payments, where transactions post ambiguously, trigger refunds or chargebacks, and require investigation. Improve outcomes with accurate data, PCI DSS adherence, and proactive communication.
This course is about understanding everything of the Card and POS business in FinTech, Financial Technology, digital payment.
This course explains the Card and POS machines, factors of authentication, PCI DSS, MDR, MCC, Card Schemes, processing, clearing and settlement etc. Payment Processing
FinTech Digital Banking, Digital Finance, Financial Technology.
The course will give students a deep understanding of the card and PoS machine business, and detail on how does payment companies and card schemes earn money.
Please go through the curriculum and description before purchasing the course.
Cashlite economy, Cashless economy.
Thanks
**Updated - Payment Exceptions..
This course answers all the above questions and many more. So if you are working in the digital payment or fintech domain or are new or planning to enter the domain, it will help you to understand the back end architecture of the electronic payment collection system. This course is the same as in Global Fintech Academy. It just has lesser text and more videos and images.
"NO Technical Integration, Programming and Bank Account entries discussed in the course"
This course explains the Card and POS machines, factors of authentication, PCI DSS, MDR, MCC, Card Schemes, processing, clearing and settlement etc. Payment Processing
FinTech Digital Banking, Digital Finance, Financial Technology.
The course will give students a deep understanding of the card and PoS machine business, and detail on how does payment company and card schemes earn money.
Look forward to meeting you in the course.
"Our aim is to deliver good quality and 5 Star training to our students and clients".
Global Fintech Academia