Overview of Payment Systems and operations with stakeholders, Payment Security for card and online fraud detection and mitigation

America’s leading payment experts  Secure Payments Academy is pleased to bring you a new three –day course Payment Fundamentals, Digital Payment Frameworks and Payment Security.

This workshop introduces the payment history and current models used internationally. The online course explains the different parties in a payment eco system. It also reviews the current payment technology platforms, creation, securitization and processing of payment transactions, the new technologies and channels becoming available for payments systems and project implementation for systems management tasks.

Much of the work of running payment platforms fall on the operations of the bank. In this course, following a description of standard payment systems, the focus will be on the new dynamic digital transactions-based platforms, followed by the payment technologies that are being deployed in the market today, such as EMV, contactless and Mobile Payments. Further, the course looks at those that are on the horizon, such as Tokenization, 3D-Secure and Blockchain.

This is a 3-day course that covers the content listed below with the third day being optional, for a deeper understanding of the security and fraud issues.

During Day1 Payment Systems are described including the parties involved in a payment transaction, models of payment systems and risk management. The first day is aimed at familiarizing students with various aspects of the payment systems.

Day 2 gives a deep dive view of the payment systems with information on practical application of the specifications. During this session, back-end system and security subjects are introduced.

The 3rd day is optional (for additional fees) that provides insight and details of the new security technologies to identify fraudulent activities that occur in payments and the techniques used to stop these types of bad transactions.

This course examines how to further secure transactions through use of tokenization technologies.  It describes the various ways that transaction information is replaced by a token for added security. We also describe the new technologies being defined by EMVCo that include 3D-Secure and the new Secure Remote Commerce framework. These standards from EMVCo that will help banks and processors to secure their ecommerce and online transactions in a structured and standard way.

Who should Attend:

  • Digital system architects
  • Banking services development team
  • Process engineering team
  • System Network Operators
  • Product Development
  • Product Management and Marketing
  • IT and Technical Development and Support
  • IT Operations

Details:

Day 1

  • Payment System Overview
  • History of Payment types
  • Parties in a Payment Transaction
  • Payment System Models
  • Types of Payment Systems
  • Payment System Functions
  • Payment Domains
  • Payment System Settlement
  • Ownership and Regulations
  • Risk Management
  • Cross Border Payments
  • Introduction to fraud and security techniques
  • Credentials and EMV cards and their security methods

Day 2

  • Digital Payment Frameworks
  • Detailed EMV Payments Systems Operations
  • Mobile and Contactless Payments
  • Payment Platforms, Back-end operations Project Management
  • Introduction to Blockchain and Bitcoin Technologies
  • Online Fraud and security techniques
  • Types of Fraud in payments, Security technologies, Layered approach to combat different types of fraud
  • Introduction to EMV Tokenization
  • ATM Technologies of the future
  • Compliance

Optional Day 3

  • Detailed Payment Fraud Types
  • Review of fraud mitigation techniques
  • New Payment channels – in US Zelle, PayPal etc.
  • EMV Tokenization to overcome specific fraud types
  • EMV 3D-Secure to secure online transactions
  • EMV Secure Remote Commerce (SRC) platform for all online payment transactions security
  • Review of the training

SPA-20: 3-Days – Payment Fundamentals, Digital Payment Frameworks and Payment Security workshop, is brought to you by Secure Payments Academy, America’s Payments Experts and led by skilled instructors with more than 3 decades of technical, systems and business case experience in payments systems and technologies. This course is a deep dive guide into “How the payment systems work, their architecture and how the new technologies advance payments”.

Students will receive a course workbook and completion certificate at the conclusion of this 2-day workshop. For more information about our upcoming schedule, visit the Workshop Schedule.

To contact us please go to Contact.