SPA-29 – Half Day Payments Fundamentals

Payments, EMV and Mobile Fundamentals

This half-day course offers an high level introduction to fundamentals of card payments, EMV technology, contactless, and mobile payments technologies.

This course is designed for project and program managers, sales professionals, and business development teams involved in the payments industry. It is also ideal for newcomers who need to gain a solid understanding of payments fundamentals and be able to clearly explain key concepts to colleagues and clients.

Learning Outcomes

By the end of this course you will be able to:

  • Understand card payment systems, types of payment systems, core payment functions, key stakeholders and payment credentials
  • Gain a good understanding of EMV transaction flows
  • Understand testing and certification processes for EMV devices
  • Learn how EMV standards serve as the foundational platform for contactless and mobile payment technologies
  • Understand standards for NFC-based transactions

Who Should Attend

This half-day Payment Fundamentals training workshop is designed for a diverse audience that includes project managers, sales professionals and business development teams within the financial services industry and related fields. The following individuals would benefit from attending:

  • 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 Content

This course includes five modules to cover Payment Fundamentals, EMV and Mobile Payments.

Module One – Payment System Overview

  • Introduction to Payment Systems
  • Key Stakeholders in a Payment Transaction
  • Overview of Payment System Models
  • Core Functions of a Payment System
  • Settlement Mechanisms and Finality
  • Ownership Models and Regulatory Frameworks
  • Risk Management in Payment Systems
  • New Payment Technologies – Open Banking
  • Introduction to Fraud Trends and Security Techniques

Module Two – EMV Fundamentals

  • Introduction to EMV Chip Technology
  • Key Concepts and Terminology in EMV
  • EMV Standards
  • Benefits of EMV: Fraud Reduction, Multi-Application Support, and Offline Risk Management
  • EMV Certification and Personalization
  • Overview of EMV Certification Processes and Compliance Requirements
  • Personalization Systems: Card and Terminal Personalization
  • EMV Transactions and Security
  • Step-by-Step Breakdown: The 12 Stages of an EMV Transaction
  • High Level  Key Management and EMV Security Architecture

Module Three – NFC and Mobile Payments

  • Market Overview: Contactless and Mobile Payment Adoption
  • Benefits and Use Cases of Contactless Payments
  • Key Contactless Standards
  • Components of Mobile Payments:
    • Secure Element (SE)
    • Trusted Service Manager (TSM)
    • Over-the-Air (OTA) Provisioning
  • Card and Application Lifecycle Management
  • Payment Applets and User Interface Integration
  • Middleware and Backend Interactions

SPA-28: Half-Day – Payment Fundamentals training workshop, is brought to you by Secure Payments Academy, America’s Payments Experts and led by skilled instructors. This course is a high level guide into “How the new card payment technologies work”

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

To contact us please go to Contact.

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