Do you want to transition your career into the payments industry? Have you just started a project in the payments space? Are you looking for a concise overview on payments terminology, methods, key industry players, and emerging trends?
This is an exciting time in the global payments industry with innovation in online and offline payment technology. Consumers are starting to understand the advantage of using mobile devices for payments, rather than transacting in cash and credit cards. Innovative startups and established Financial Services players are offering fantastic career opportunities in the payments space.
In addition to rapidly evolving technology, complex regulations make it difficult to enter the payments space. For example, Dodd Frank establishes a new regulatory framework for cross-border payments. If you manage projects in the in payments space you must have a fundamental knowledge of the regulatory environment.
The course will cover the following topics:
Payments knowledge is critical in almost any role and industry sector – B2B, B2C and C2C. If you are starting a new job as an Analyst, Engineer, Manager or Sales Representative in the payments industry this course will introduce you into digital payments in a nutshell.
Sign up for this course to learn the fundamentals of digital payments today!
Payments knowledge is critical in any industry sector – B2B, B2C and C2C. This lecture is an overview of what we cover including
Complex regulations make it difficult to enter the payments space. For example, Dodd Frank 1073 establishes a new regulatory framework for cross-border electronic transfer payments. If you manage projects or develop products in the in payments space you must have a fundamental knowledge of the regulatory environment.
This lecture covers
Test your knowledge on regulatory agencies and legislation.
This is an exciting time in the global payments space. Consumers and merchants are starting to better understand the advantage of using mobile devices for payments, rather than transacting in cash and credit cards. Innovative Tech startups and established Financial Services players are offering fantastic career opportunities in the payments space.
In this lecture we will discuss the payments ecosystem including
Test your knowledge on the payment market landscape
Share your knowledge on regulatory and market landscape in the payments space.
Understanding payment types will help you to better define the objectives and scope of projects in the payments space. In this lecture we will discuss payments types in terms of
The future of payments is electronic and checks/cheques are likely to fade away. However, there are still a lot of countries that still relies heavily on cheques. Therefore, knowledge of checks/cheques processing is important if you are working in the payment industry.
This lecture you will will provide a brief overview on the fundamentals of checks/cheques.
The automated clearinghouse (ACH) system is a network for financial transactions in the United States to process large volumes of credit and debit transactions in batches.
The Fed and EPN are the two national ACH operators that process ACH.
This lecture will provide an overview of ACH.
Wire transfers are fast, reliable and secure but more expensive to use compared to checks/cheques or ACH due to higher transaction costs.
There are different funds transfer networks including
In this lecture you will learn the fundamentals of wires transfers.
Cards are a popular and convenient payments method.
There are a number of payment cards including
In this lecture you will learn the fundamentals of payment cards.
According to the European Central Bank, a virtual currency is "a type of unregulated, digital money, which is issued and usually controlled by its developers, and (...) accepted among the members of a specific virtual community". Virtual currencies include
This lecture will provide a brief overview of virtual currencies.
Share your knowledge on payment types.
Understanding how a payment is processed is important if you are working on projects related to payments.
In this lecture you will learn
Application-programming interfaces (APIs) play an important role in efficiently developing payments solutions.
Examples of payment services include
In this lecture you will learn the fundamentals of APIs.
Industry standards important to know if you are managing project or developing products in payments space.
In this lecture we will cover
ISO 8583, ISO 4217 and ISO 9362
Share your knowledge on payments APIs.
The payments space is changing quickly as startups are launching new services. Digital payments are increasing in favour over the use of cash and checks/cheques. Mobile payment are competing with credit cards, and big data analysis tools are facilitating marketing and security in the payments space.
In this lecture we will discuss emerging trends.
In this lecture we will recap what we covered. We discussed
The payments ecosystem is quite complex and covering all aspects in detail would be beyond the scope of this course, however, knowing these fundamentals will help you to better navigate the payments space to develop or improve products and manage a projects in the payments space.
Please feel free to reach out for any questions or suggestions.
Thanks for watching and see you the next course.
Martin V. has worked over 15 years in management and consulting roles. He has traveled extensively on global assignments for Financial Services and IT companies. During his tenure in banking, Martin helped to implement global payment standards and Self-Service for online and mobile banking platforms that move $2+ trillion in payment transactions daily. Moreover, he helped to deploy CRM tools and institutionalized IT operations management best practices. Also, Martin facilitated large-scale business transformation initiatives in the insurance industry using Agile, Lean and Six Sigma frameworks. In addition, he trained and consulted companies in EMEA on process automation and implementation of SAP solutions.
Martin has taught professionals in over 100 countries on project and IT operations management best practices. He has earned PSM, SAFe, PMP and CSSBB certifications as well a Joint Master's in engineering and business from University of Kaiserslautern.