MRC Members receive exclusive pricing when accessed through the member portal.  The Open Banking Essentials course is a self-paced, introductory program covering the basics of open banking. You’ll gain an understanding of open banking, its various use cases, and the types of data access methods. Explore the key global markets for open banking and understand the distinct position of the US within this ecosystem. Additionally, you'll become familiar with essential open banking terminology and grasp the general flow of open banking payments. By the end of the course, you'll understand the benefits of open banking for both consumers and merchants. Who Should Enroll? Payment professionals seeking to understand how open banking can enhance their operations. Banking and financial services professionals who need to keep up with the latest trends in digital banking. Regulatory and compliance officers responsible for ensuring that financial operations comply with emerging regulations and standards in the open banking ecosystem. Data Security and privacy specialists requiring an understanding of the security implications of different data access methods in open banking. This course may also benefit financial technology (FinTech) innovators, customer experience managers in financial services, and IT and technical professionals in banking. Program Details Program Level: Basic  Program Field of Study: Specialized Knowledge Program Delivery Method: QAS Self Study CPE Credits: 1.2 Advanced Preparation and/or Pre-requisites: None For more information regarding any concerns, please email us at [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  Course Created: 05/31/2023 Updated:  9/4/2024 Read more

The Pay by Bank course provides a comprehensive overview of the emerging and increasingly popular payment method that allows consumers to make direct payments from their bank accounts, bypassing traditional card networks. Participants will explore how Pay by Bank leverages open banking, real-time payments, and robust security features to offer a more cost-effective, secure, and user-friendly alternative to conventional payment methods. This course covers key features, technical integration, benefits, challenges, and future trends shaping this innovative payment solution. It is designed to equip payment and fraud professionals with the knowledge needed to implement and optimize Pay by Bank in their operations while staying compliant and adapting to evolving consumer and regulatory demands. Who Should Enroll? eCommerce Payment Managers can learn how to integrate Pay by Bank into platforms, optimize checkout processes, and reduce transaction costs and cart abandonment. Fraud Prevention Specialists will understand how Pay by Bank's security features minimize fraud and protect businesses from losses. Financial Analysts in Payment Systems will gain insights into the cost-saving benefits and improved cash flow of using Pay by Bank. Compliance and Regulatory Officers can stay updated on regulatory frameworks like GDPR, PSD2, and open banking to ensure compliance. Program Details Program Level: Intermediate Program Field of Study: Specialized Knowledge Program Delivery Method: QAS Self-Study CPE Credits: 1.6 Advanced Preparation and/or Pre-requisites: Payment Essentials is recommended. For more information regarding any concerns, please email us at [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  Course Created: 11/26/2024 Read more

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 Read more

MRC Members receive exclusive pricing when accessed through the member portal.  The Payment Security and Compliance course is a self-paced, intermediate program covering essential aspects of payment security, regulatory frameworks, and compliance strategies in the digital age.  This course is structured to cover a wide range of crucial topics, from identifying key stakeholders in the payment security landscape to understanding intricate regulatory requirements such as GDPR and CCPA. Participants will gain insights into the technicalities of card issuing, the mechanics of EMV chip processing, and the sophisticated realm of tokenization. The course also focuses on the nuances of Strong Customer Authentication (SCA), discussing its impact, benefits, challenges, and implementation strategies. Who Should Enroll?  eCommerce professionals seeking to understand the nuances of online transaction security and learn how to implement robust measures to protect customer data. Business owners and managers looking to equip themselves with the necessary knowledge to safeguard their business against data breaches and financial fraud while maintaining regulatory compliance. Compliance officers looking to enhance their knowledge of global compliance requirements, focusing on GDPR, CCPA, and PCI DSS, and learn how to effectively navigate these regulations. Risk management professionals seeking to learn about potential threats in the payment ecosystem and the strategies to mitigate these risks effectively. This course may also benefit IT security specialists, financial service providers, and legal professionals.  Program Details Program Level: Intermediate Program Field of Study: Specialized Knowledge Program Delivery Method: QAS Self Study CPE Credits: 1.8 Advanced Preparation and/or Pre-requisites: None For more information regarding any concerns, please email us at [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  Course Created: 12/06/2023 Read more

The Payment KPIs course provides a comprehensive guide to understanding and optimizing key performance indicators that drive payment success. Payment KPIs enable businesses to measure system performance, identify areas for improvement, and align payment strategies with broader business goals. This course explores fundamental and advanced KPIs across transaction success, authorization rates, operational efficiency, financial metrics, and customer experience. Participants will gain insights into techniques for improving payment performance through enhanced process optimization, collaboration with payment partners, and data-driven decision-making. Real-time monitoring, predictive analytics, and AI-powered insights are emphasized to help businesses stay competitive in an evolving landscape of emerging technologies, evolving consumer expectations, and regulatory requirements. Learners will also explore strategies for staying ahead of future trends, including real-time payments, open banking, and cryptocurrency integration. Who Should Enroll? Payment Professionals aiming to optimize payment processes and maximize transaction success. eCommerce Managers seeking to enhance payment experiences and boost conversion rates. Fraud Prevention Specialists focused on improving fraud-related KPIs and reducing false declines. Financial Analysts interested in balancing payment costs with revenue growth for sustainable business performance. Program Details Program Level: Intermediate Program Field of Study: Specialized Knowledge Program Delivery Method: QAS Self-Study CPE Credits: 1.6 Advanced Preparation and/or Pre-requisites: Payment Essentials is recommended. For more information regarding any concerns, please email us at [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  Course Created: 9/30/2025 Read more

The Payment KPIs course provides a comprehensive guide to understanding and optimizing key performance indicators that drive payment success. Payment KPIs enable businesses to measure system performance, identify areas for improvement, and align payment strategies with broader business goals. This course explores fundamental and advanced KPIs across transaction success, authorization rates, operational efficiency, financial metrics, and customer experience. Participants will gain insights into techniques for improving payment performance through enhanced process optimization, collaboration with payment partners, and data-driven decision-making. Real-time monitoring, predictive analytics, and AI-powered insights are emphasized to help businesses stay competitive in an evolving landscape of emerging technologies, evolving consumer expectations, and regulatory requirements. Learners will also explore strategies for staying ahead of future trends, including real-time payments, open banking, and cryptocurrency integration. Who Should Enroll? Payment Professionals aiming to optimize payment processes and maximize transaction success. eCommerce Managers seeking to enhance payment experiences and boost conversion rates. Fraud Prevention Specialists focused on improving fraud-related KPIs and reducing false declines. Financial Analysts interested in balancing payment costs with revenue growth for sustainable business performance. Program Details Program Level: Intermediate Program Field of Study: Specialized Knowledge Program Delivery Method: QAS Self-Study CPE Credits: 1.6 Advanced Preparation and/or Pre-requisites: Payment Essentials is recommended. For more information regarding any concerns, please email us at [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  Course Created: 9/30/2025 Read more