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Keep shoppingIntroduction to Payments: Core Principles
480 students
Introduction to Payments: Core Principles
Mastering Payments Made Easy - Overview of the most prominent payment methods and the fundamental processes in payments.
Created byreMonetary Academy
Last updated 11/2024
English
What you'll learn
- Understand the importance of the payment industry
- Discuss the evolution of payment methods
- Grasp essential terminology and key roles
- Understand the factors for the classification of payment systems
- Classify payment systems
- Examine the most important payment processes
Explore related topics
Course content
5 sections • 5 lectures • 48m total length
Requirements
- There are no requirements.
Description
The course "Introduction to Payments: Core Principles" covers vital aspects of the payment industry, such as the evolution of payment systems, key roles in payment processes, and the definition and classification of a payment system.
Highlighting the industry's significance and its role in facilitating financial transactions
Exploring the evolution of payment systems and the technological advancements
Learning essential terminology and the roles of key stakeholders
Learning about the differentiating factors of payment systems
Learning about the classification of payment systems
Explaining the main payment processes: initiation, authorization, authentication, clearing, and settlement
Product and project managers, software developers, legal and compliance advisors, consultants, treasury professionals, operations teams and other professionals across diverse sectors should learn about payments. This course offers an introduction to the payments industry for professionals in such areas and equips them with critical knowledge to innovate and implement efficient payment solutions, enhance customer experiences, improving conversion rates and profitability, stay compliant and adhere to payments regulation.
The course is designed for efficient and practical learning, ensuring fast-paced progress. It is beginner-friendly and ensures a smooth entry into the world of payments. The course covers fundamental concepts, making it easier for beginners to grasp essential knowledge and build a strong foundation in this industry.
Who this course is for:
- Most people who take this course want to understand payments better in order to address issues in their professional roles. Many have years of experience in other fields and are either switching careers or working on payment-related projects.