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Transaction Banking – Payments Services

Payments systems are crucial to the smooth running of the global economy. This course describes the role that both low value and large/high value payments systems play in the global economy. There is a particular focus on large value payments, which are the mainstay of transaction banks. Key regulatory developments in the area of payments processing as well as the role of payments messaging and mobile banking/payments are also examined. In addition, the course explores the practical aspects of payments processing, including electronic funds transfer (EFT), bulk payments, check processing, payment cards, and merchant services.

  • OBJECTIVES

    On completion of this course, you will be able to:

    Differentiate between the different systems used to handle low and large/high value payments and the risks involved

    Describe the various types of payment instrument that transaction banks must process

  • COURSE OUTLINE

    Topic 1: Payments Systems

    Payments Systems

    o Low Value Payments

    o Large/High Value Payments

    Clearing & Settlement

    o Gross & Net Settlement

    o Payments Systems & Risks

    o Continuous Linked Settlement (CLS)

    o Payments Messaging

    Regulatory Influences

    o Payment Services Directive (PSD)

    o Single Euro Payments Area (SEPA)

    Common Identification Standards

    o Bank Identifier Code (BIC)

    o International Bank Account Number (IBAN)

    o ISO 20022 Message Format

    The Rise of Mobile Payments

    Topic 2: Payments in Practice

    Electronic Funds Transfer (EFT)

    Credit Transfers

    Debit Transfers

    Bulk Payments

    Cross-Border Payments

    Payment Cards

    Checks

    Merchant Services

  • PREREQUISITE KNOWLEDGE

  • ESTIMATED COMPLETED TIME

    60 Minutes

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