Description
MRC Members receive complimentary enrollment when accessed through the member portal, thanks to Checkout.com.
The Payment Essentials course is designed for professionals seeking to deepen their understanding of the payments landscape. This comprehensive course covers essential topics ranging from key stakeholders in the payments ecosystem to emerging trends shaping the future of payments. Participants will learn about various payment instruments and gain insights into ensuring secure transactions. They will also uncover the regulatory environment governing payment systems and examine the latest innovations shaping the future of payments.
Who Should Enroll?
- eCommerce payment professionals who need a comprehensive understanding of the payment landscape.
- Fraud prevention specialists seeking to understand how payment processes intersect with fraud risks.
- Financial analysts responsible for evaluating and managing financial operations in retail, including understanding chargebacks and interchange fees.
- Compliance officers ensuring that eCommerce operations adhere to payment laws, regulations, and standards.
- This course may also benefit online retail business owners, customer service representatives, IT and security professionals, and marketing and sales professionals in eCommerce.
Program Details
Program Level: Basic
Program Field of Study: Specialized Knowledge
Program Delivery Method: QAS Self Study
CPE Credits: 3.2
Advanced Preparation and/or Pre-requisites: None
For more information regarding any concerns, please contact our office at 206-364-2789 or email [email protected].
Refunds and cancellations are determined on a case-by-case basis. Cancellations and requests for refunds must be communicated in writing to [email protected]. Refunds will not be issued once a course has been started. Additionally, courses must be completed within one year of purchase.
Merchant Risk Council is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
This course was revised on 6/03/2024
Objectives
- Categorize and define key stakeholders in the payments ecosystem
- Understand the workings of cash, checks, and bank transfers in payment processes
- Identify and differentiate between various payment cards
- Comprehend the processes involved in mobile payments, digital and e-wallets, and cryptocurrencies
- Understand the steps of the transaction lifecycle, including authorization, clearing, and settlement, along with their respective roles
- Define payment processing fees and identify global settlement protocols
- Understand the need for security in payments and the technologies used in fraud protection, including encryption and tokenization
- Identify and explain authentication protocols and their role in securing payments
- Define key regulatory bodies and organizations involved in setting payments standards
- Understand key regulations and standards, such as PSD2, and their impacts on the payments industry
- Identify the challenges and opportunities technology presents from a regulatory perspective
- Identify emerging trends in payments
- Explain what the future of payments may hold
Certificate
By completing/passing this course, you will attain the certificate MRC Education Certificate of Completion
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