The Payments Association Payments 101 – Online Training Course, March 2023

This broad and comprehensive introduction to the fundamentals of the payments ecosystem, gives an in-depth snapshot of the entire industry for a better understanding of how it all fits together.

This intensive but interactive two-day training course combines presenter-led sessions, thought-provoking videos and discussions. Drawing on real life examples, it weaves together the underpinning principles, legislation, key stakeholders with practical applications of all three.

COURSE CONTENT PART 1 (DAY 1) – CARD PAYMENTS

 Card Payments Mechanics
Card payments Overview

Authorisation, Clearing & Settlement

Exception processing

What’s in a card transaction?

What’s in a card?

Card payments authentication

PCI DSS

Card Payments Economics
Costs, Value Chain

Merchant Models & Contract Types

Card payment channels

Charges & fees

Scheme membership

COURSE CONTENT PART 2 (DAY 2) – NON-CARD PAYMENTS & REGULATIONS

Non-Card Payments Fundamentals
ACH payments fundamentals

UK ACH examples

Real-time payments risks

Real-time payments drivers & challenges

Open Banking & PSD2

Alternative payments

Centralised vs decentralised ledgers

Future outlook (Trends, Big Tech, metaverse, etc.)

Payment Regulations & Licences

Licences (SPI, PI, SEMI, EMI, AISP, PISP)

SEPA

AML

Further considerations

Whilst not covered in the course, the extensive delegate book also includes a bonus section on the GDPR.