Emerging technologies promise immediate payment processing, execution, clearing, and settlement. In reality, business have critical infrastructure assets that present conversion challenges or incompatible. In this course students learn the existing critical payments infrastructure assets to understand how the current technologies work. Students will also learn the opportunities presented by emerging payment technologies. This course will challenge students to develop ideas, write business cases, and develop mockup solutions for the transition.
After completing this course, students will be able to:
LO1: Describe the payments technology stack dominant in US financial systems.
LO2: Demonstrate how payments flow in most US financial systems.
LO3: Describe payments technology stack unencumbered by technical debt.
LO4: Demonstrate a frictionless payments flow.
LO5: Ideate technology solutions for digital payments transitioning.
LO6: Develop mockup for the transition.