• Understand the history and evolution of money and payment systems.
• Explain card payment flows and card network models.
• Understand authorization, clearing, settlement, and disputes.
• Learn about payment gateways, processors, and payment service providers.
• Explore payment fraud, authentication, and tokenization.
• Understand payment ecosystem fees and revenue.
• Learn about SWIFT, ISO 20022, cross-border payments, and SEPA.

1. Introduction

2. History of Money and Financial Institutions

• History of money, payments, and currencies
• History of financial institutions

3. Payment Landscape Evolution

- Payment landscape

4. Card Payments

• Credit, debit, and prepaid
• APMs
• Pull vs. push payments
• Physical payment card
• Evolution of card technology
• Chip payments
• 4-party model
• 3-party model
• Card-present vs. card-not-present transactions
• EMV
• EMV standardisation
• Dual message transaction processing
• Auth flow
• Value-added services
• Clearing
• Settlement
• Dispute introduction
• Dispute deep-dive
• Dispute terminology
• Dispute lifecycle
• Payment risks
• Payment service providers, gateways, and processors
• PCI
• Reducing PCI scope
• 3D Secure
• Tokenisation
• Impact of tokenisation on payment ecosystem
• Token processing
• Tokenisation benefits

5. Payment Fraud

• Types of fraud
• 3DS pros and cons
• Fraud management systems

6. Fees and Revenue in the Payment Ecosystem

• 4-party model fees
• Floor limits and stand-in processing

7. Card Payments vs. Cryptocurrencies: Understanding the Differences

- Card vs. crypto

8. SWIFT and SEPA

• SWIFT introduction
• SWIFT MT to MX and ISO20022
• Cross-border payments
• Payment initiation
• Clearing and settlement
• SEPA
• SEPA Direct Debit deep-dive

1 day

Course Completion Certificate by Network Binary

• Payments and FinTech professionals
• Product managers
• Engineers
• Consultants
• Professionals working with Visa, Mastercard, SWIFT, or SEPA
• Business leaders and analysts
• Students interested in FinTech and digital payments

No Prerequisites