Payment End To End Flow

Accounts in Payments

Role of a Messages and its Types

Clearing & Settlement Concepts

Domestic Payment Routing

Correspondent Banking Push, Pull & Collaborative

Payments Different Types of Payment Flow

What & Why of the ISO20022 standard messages

The benefits of ISO20022

List of important ISO20022 messages used in Payments Processing

Actors of involved in ISO20022 messages

Decoding each of the pacs.008 message elements Hands-On exercise

Payment Channels

Payment Processing Engine

Payment Connection Interface/Gateways

Analysis of Business Rules in Payment Engine

Payment processing workflow for outward payment & inward payment

Data Model of Transaction Tables

API format design and assignment

SEPA Credit Transfer Business Scenarios

SEPA Credit Transfer Business Scenarios SCT – Happy flow – SCT Rejection – SCT Return & Recall SCT Inquiries

SEPA Direct Debit Business Scenarios SDD – Happy flow – SDD – Refusal SDD – Return/Refund SDD – Reversal

What & Why of the Fed system

Cut off timings of the Fed system

Business Scenarios & Workflow – Customer Credit Transfer – Financial Institution – Credit Transfer Request for Cancellation/Return – Drawdown Transfers / Request For Payment – Status Updates – Investigation & Enquiry – Accounting Posting

Administrative Scenarios – Technical Rejection – Retrieval Request – Fedwire Broadcast – Connection Check

Assignment – FedNow business flow preparation

Fundamental of Cross Border Payments

Settlement Methods (INDA, INGA, CLRG, COVE)

Serial and Cover payment processing – Accounting Entries – Serial and Cover comparison – Customer credit transfer field mapping – Payment Return – Payment Reject

Charges (DEBT, SHAR, CRDT)