This broad and comprehensive introduction to the fundamentals of the payments ecosystem, gives an in-depth snapshot of the entire industry for a better understanding of how it all fits together.

This intensive but interactive one-day training course combines presenter-led sessions, thought-provoking videos and discussions. Drawing on real life examples, it weaves together the underpinning principles, legislation, key stakeholders with practical applications of all three.

Course content:

• Payment cards overview

• Authorisation, clearing and settlement

• Key economics (e.g. MSC, interchange)

• ACH payments overview

• Alternative payments, FinTech, regtech, etc.

• New technologies, Open Banking, etc.

• Regulations and licences overview (incl. SEPA)

• Payments channels and payments value chain overview (including role of master merchant)

• Value distribution

• EU regulations (PSD2, AML, GDPR, etc.), card scheme rules & PCI DSS and future outlook