Introduction to International Payment Systems and Cards

Introduction to International Payment Systems and Cards

Payments are an inherent part of our daily life. Strong and robust payment systems are a key to financial stability and economic growth.

With continuous evolution and rapid progress, payment industry offers great opportunities. Entry of non-bank players and technology innovations are adding more zing to payments.

It is very important for banks, technology companies, players in payment industry as well as professionals working with them to have knowledge of international payment systems including Card Payments.

Target audience: Professionals working or willing to work in the payment domain

When you complete of this course, you will have understanding of?

International Payment Systems

• Key elements of payment system
• Entities involved in payment system
• Different types of payments e.g. domestic and cross border
• Electronic payments e.g. RTGS, NEFT, ACH
• Usage of SWIFT messaging and ISO20022

Functional Aspects of Card Payment System

• Introduction to card payments
• Understanding significance of values printed on card
• Physical aspects of cards
• Card Operations o Life-cycle of a card
• Understanding Service Code, CVV and PIN

Technological Aspects of Card Payment System

• Understanding key components of card payment system
• How does messaging work in cards?
• Introduction to EMV technology

Participation certificate would be provided.