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- Understand how money moves between banks from the moment a payment is initiated until it reaches the beneficiary.
- Build a strong foundation in the core concepts of Payments including Message Flow, Clearing and Settlement.
- Learn how banks process payment transactions using the key systems such as Payment Channels, Payment Hubs, Payment Engines and Payment Gateways.
- Understand the complete payment lifecycle including Credit Transfers, Direct Debits, Book Transfers and Request for Payment.
- Explore real-world banking business scenarios including Rejects, Returns, Recalls, Refunds and Reversals.
- Understand the most important risks in Payments including Liquidity Risk, Credit Risk, Operational Risk and Systemic Risk.
- Develop the confidence to participate in Payments projects, client discussions and interviews with a solid understanding of industry fundamentals.
What you’ll learn
-
Understand how money moves between banks from the moment a payment is initiated until it reaches the beneficiary.
-
Build a strong foundation in the core concepts of Payments including Message Flow, Clearing and Settlement.
-
Learn how banks process payment transactions using the key systems such as Payment Channels, Payment Hubs, Payment Engines and Payment Gateways.
-
Understand the complete payment lifecycle including Credit Transfers, Direct Debits, Book Transfers and Request for Payment.
-
Explore real-world banking business scenarios including Rejects, Returns, Recalls, Refunds and Reversals.
-
Understand the most important risks in Payments including Liquidity Risk, Credit Risk, Operational Risk and Systemic Risk.
-
Develop the confidence to participate in Payments projects, client discussions and interviews with a solid understanding of industry fundamentals.
Curriculum
- 7 Sections
- 27 Lessons
- 4 Hours
Expand all sectionsCollapse all sections
- Section: Preview1
- Section: Introduction2
- Section: The Fundamentals4
- Section: The Environment for a payment chain3
- Section: The payment processing3
- Section: Business Scenarios with accounting entries12
- 6.1The Credit Transfer
- 6.2The Credit Transfer
- 6.3The Book Transfer
- 6.4The Direct Debit Transfer
- 6.5The Request For a Payment (RFP)
- 6.6R – Transactions : Reject a Credit Transfer
- 6.7R – Transactions : Recall a Credit Transfer
- 6.8R – Transactions : Return a Credit Transfer
- 6.9R – Transactions : Refusal of a Direct Debit
- 6.10R – Transactions : Refund/Return of a Direct Debit
- 6.11R – Transactions : Reversal of a Direct Debit
- 6.12Understanding of the business scenarios
- Section: Risks in Payments Domain2
This course is designed for beginners, enthusiasts, and professionals looking to expand their knowledge and skills in the subject. No prior experience is required unless stated otherwise.
Once enrolled, you’ll have lifetime access to the course content, including any future updates.
You’ll have access to a discussion area or support community where you can ask questions, get feedback, and interact with other learners and instructors.
Yes, most platforms offer a refund within a specific time frame (usually 7–30 days). Be sure to check the refund policy on the course provider’s site.
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