Course SPA-28: One-Day – Payment Fundamentals

Overview of Payment Technologies, Card Payment Framework, Digital ID and Open Banking

 Course Overview

This intensive one-day training course is designed to provide participants with a solid understanding of payment fundamentals, with a special focus on card payments and EMV (Europay, MasterCard, and Visa) technology, mobile payments and remote payment technologies. The course covers key concepts, the payment ecosystem, payment processing, and the importance of EMV in enhancing security. Participants will gain practical insights into how card payments work, the role of EMV in reducing fraud, and how to navigate the evolving payment landscape.

Course Objectives

  • Understand the basic principles of payment systems, with an emphasis on card payments.
  • Explore the components and stakeholders involved in card payment processing.
  • Learn the lifecycle of a card payment transaction, from authorization to settlement.
  • Gain insights into EMV technology, its importance, and how it works.
  • Discuss the regulatory environment and compliance issues related to card payments and EMV.
  • Examine current trends and future developments in card payments and EMV technology.

Who should Attend:

  • New professionals in the payments industry.
  • IT and business professionals working with payment systems.
  • Customer service representatives handling card payment issues.
  • Anyone interested in gaining in-depth knowledge of card payments and EMV technology.

Course Agenda

9:00 AM – 9:30 AM: Registration and Introduction

  • Welcome and course overview
  • Introduction to the day’s objectives and agenda

9:30 AM – 10:30 AM: Introduction to Payment Systems and Card Payments

  • Overview of payment systems
  • The importance of card payments in the payment ecosystem
  • Key terms and concepts in card payments

10:30 AM – 11:30 AM: The Payment Ecosystem and Stakeholders

  • Key players in card payments: issuers, acquirers, merchants, card networks, and consumers
  • Roles and responsibilities of each stakeholder
  • Introduction to payment networks and card schemes

 11:30 AM – 11:45 AM: Morning Break

11:45 AM – 12:45 PM: Card Payment Processing Lifecycle

  • Steps in a card payment transaction: authorization, clearing, and settlement
  • Understanding interchange fees and merchant discount rates
  • Fraud prevention and risk management in card payments

12:45 PM – 1:45 PM: Lunch Break

1:45 PM – 2:45 PM: EMV Technology: Enhancing Security in Card Payments

  • Introduction to EMV: What it is and why it’s important
  • How EMV works: Chip technology and secure transactions
  • Differences between magnetic stripe cards and EMV chip cards
  • The impact of EMV on reducing card-present fraud
  • Introduction to card not present fraud and mitigation strategies

 2:45 PM – 3:45 PM: Regulatory Environment and Compliance

  • Overview of key regulations affecting card payments and EMV (e.g., PCI DSS, PSD2)
  • Compliance requirements for businesses handling card payments
  • How EMV technology aligns with regulatory standards

 3:45 PM – 4:00 PM: Afternoon Break

4:00 PM – 5:00 PM: Current Trends and Future Developments in Card Payments and Technologies

  • The shift towards contactless payments and mobile wallets
  • The role of EMV in online and mobile payments
  • Current developments in payments technologies: Tokenization, 3D Secure, Secure Remote Commerce.
  • New Payment Channels Zelle, PayPal, Venmo
  • Next generation of payment innovations: Open Banking, Neo Banking
  • Digital ID and Digital Currency

5:00 PM – 5:30 PM: Q&A and Closing Remarks

  • Open discussion and participant questions
  • Summary of key takeaways
  • Course evaluation and closing remarks

 Course Materials

  • Comprehensive course content and reference materials.
  • Access to additional resources, including articles and case studies on EMV and card payments.

 Learning Outcomes

By the end of the course, participants will have a strong understanding of card payment systems, the role and functionality of EMV technology, and the regulatory and compliance landscape. This knowledge will equip them to effectively manage and contribute to payment-related functions within their organizations.

Course SPA-28: One-Day – Payment Fundamentals – Overview of Payment Technologies, Card Payment Framework, Digital ID and Open Banking workshop, Presented by Secure Payments Academy, America’s leading authority on payment systems, this workshop is designed and delivered by expert instructors with over three decades of experience in payment technologies, systems, and business applications. This deep dive course offers an in-depth exploration of “Payments Fundamentals and How to Enhance Them by Adopting Newer Technologies,” equipping participants with the knowledge to navigate and innovate in the evolving payments landscape.

For more information about our upcoming schedule, visit the Workshop Schedule.

To contact us please go to Contact.