FTA 3810 - Payment Processing

Description

This course focuses on the payment process ecosystem, lifecycle, regulation, security, fraud protection, and payment networks. The student will learn the products and services of the payments, fraud and risk reduction strategies, and roles & responsibilities of card issuers, acquirers, merchants, and strategies for maximizing card usage while minimizing loss associated with card use. The student will also learn about payments negotiations, risk management, customer relationships, principles of authorization, settlement, chargeback, and procedures, strategies, and best practices for acquiring merchants.

Learning Objectives

After completing this course, students will be able to:

• Differentiate between open and closed loop payment systems.
• Describe the processes and lifecycle of the payment industry sector.
• Explore payment product and services.
• Know the applicable regulations, standards, and security.
• Define global payment methods.
• Recognize next generation payment methods.