The Payments Association Payments 101 – Online Training Course October 2023

This two-day course covers the fundamentals of the card payments ecosystems.

The first day covers the mechanics of card payments, introducing ecosystem actors and mechanisms (e.g. authorisation, clearing and settlement), as well as the structure of cards and transactions. It will also give a worldwide overview of the markets and trends in different sectors and geographies, with a good sprinkling of PSD” to put regulations in context.

The second day will cover the fundamentals of card payment economics, the various channels and introduces concepts such as MSC and interchange, as well as explaining the value distribution across all ecosystem actors.

Course Content:

THE FUNDAMENTALS OF CARD PAYMENTS – Part 1

• Card Payments Overview
• Who are the Actors?
• Authorisation, Clearing & Settlement
• Exception Processing: Retrieval, Refund & Chargeback
• What’s in a card transaction?
• Card Structure
• Payment Card Industry Data Security Standard (PCI DSS)

THE FUNDAMENTALS OF CARD PAYMENTS – Part 2

• Ecosystem costs
• Payment Cards Value Chain
• Merchant Models & Contract Types
• The Payment Card Channels
• Market trends
• Charges & fees

THE FUNDAMENTALS OF THE NON-CARD PAYMENTS ECOSYSTEM

• ACH Payments Overview
• Open Banking
• Alternative Payments
• Fintech, Consumer Behaviours & New Technology

THE FUNDAMENTALS OF THE REGULATIONS IN THE PAYMENTS ECOSYSTEM

• Financial Services Regulations
• Security & Privacy Regulations

Speaker: Neira Jones, FBCS, MsC

Neira advises organisations of all sizes on payments, fintech, regtech, cybercrime, information security, regulations (e.g. PSD2, GDPR, AML) and digital innovation. More than 20 years in financial services and technology made her believe in change through innovation & partnerships. She always strives to demystify the hype surrounding current issues and also enjoys her work as an expert witness. She likes engaging on social media and regularly addresses global audiences as a keynote speaker or chair person.

This course is CPD accredited. In order to receive full accreditation for the course, you must attend the full course. Please contact Orlanna Morris at orlanna.morris@thepaymentsassociation.org to receive your certificate.