Unlocking The Secrets Of Payment Engines In Banking

Understand the details of payment infrastructures and learn how banks handle payments

What you'll learn

Payment Market Infrastructures: Gain insights into different payment market structures and the reasons behind their evolution.

Introduction to Payment Engines: Understand what a payment engine is and its central role in how banks manage payments.

Diverse Payment Methods: Beyond credit and debit cards, get acquainted with other essential non-card payment methods and their significance.

Forces Behind Payment Hubs: Delve into the factors that prompted the development of payment hubs and understand the importance of centralizing payment processes

Payment Handling Processes: Grasp the intricate steps and processes involved in handling payments, from initiation to completion.

Handling Anomalies: Learn about the challenges faced when payments don't proceed as expected and the mechanisms to address them.

Basics of Payment Hubs: Start from the foundation by understanding the objective and intent of payment hubs and their crucial role in banking.

Core Elements of Payment Hubs: Explore the essential building blocks or components that form the backbone of a payment hub and their functionalities.

Deep Dive into Inner Workings: Get an in-depth look into the internal mechanisms of the payment hub

Unraveling how each component interacts and collaborates for smooth payment processes.

Recap and Consolidation: Periodically revisit and consolidate the learned concepts, ensuring a robust understanding and retention of information.

Practical Implementation: Understand how the theoretical knowledge of payment hubs translates into real-world actions

Learn how to set up, integrate, and deploy payment hubs in an actual banking environment.

Requirements

No prior knowledge is necessary.

Description

Unlocking the Secrets of Payment Engines in BankingAre you ready to navigate the world of bank payments beyond credit and debit cards? Welcome to the ultimate masterclass on Payment Infrastructure! Whether you're a newbie to the payment landscape or a seasoned pro looking to update your skills, this course promises an unparalleled deep dive into how banks manage payments seamlessly.Why This Course?Tailored for All: You don't need to be a banking guru to start. We cater to all levels!Real-World Application: Grasp not only theoretical knowledge but understand how to apply it in real banking scenarios.Comprehensive & Structured Learning: Dive into five meticulously designed parts that ensure you grasp every element of the payment hub.Course Roadmap:Basics: Kickstart your journey with a solid foundation on payment hubs.Core Elements: Unravel the fundamental building blocks that empower payment hubs.Inner Workings: Dive deep beneath the surface, unlocking the hidden mechanisms of payment systems.Anchor: A quick pit stop to recap, consolidate, and ensure your understanding is spot-on.Implementation: Get hands-on insights on setting up payment hubs in real banking environments.Understand the evolutionary forces behind payment hubs and explore what happens behind the scenes when things go awry.Takeaways:Master the intricacies of payment market infrastructures.Get the know-how on payment hub deployment.Gain a competitive edge in the banking and finance domain. Enroll now and get ahead in the ever-evolving world of banking payments. The future of banking is here, and with this course, you'll be more than ready!Payment hubs are transforming the banking industry. Don't get left behind. Secure your spot now!

Overview

Section 1: Introduction

Lecture 1 Payment hub introduction

Section 2: Basics (Objective and Intent)

Lecture 2 The Purpose of a Payment Hub

Lecture 3 How Money Moves_Understanding Payment Systems

Lecture 4 Evolution of Payment Schemes:Mapping the Technological Journey

Lecture 5 The Impacts of Market Transformation on Banking

Lecture 6 Payment Hub: Essential Insights

Section 3: Core Elements (Building Blocks)

Lecture 7 Architectural Unveiling: Building Blocks and Functions

Lecture 8 Understanding the Varieties of Payments

Lecture 9 Processing Architecture

Lecture 10 Functions Catalogue

Lecture 11 Message Types & Market Participation

Lecture 12 Understanding the Macro View of the Hub's execution stages

Lecture 13 Unveiling the Micro View of the Hub's execution stages

Section 4: Inner Workings (Going Deeper)

Lecture 14 Inner Workings

Lecture 15 Understanding Payment Processing Stages

Lecture 16 Payment Processing (Debit Leg)

Lecture 17 Payment Processing for On-us (incoming) Payments (Credit Leg)

Lecture 18 Payment Processing for Not-on-us (Outgoing) Payments (Credit Leg)

Lecture 19 Payment Processing (Submission Stage)

Lecture 20 Concepts in payment processing

Lecture 21 The Standing Settlement Instructions

Lecture 22 Cover and Serial Payment Methods

Lecture 23 Submit to Clearing

Lecture 24 Accounting

Lecture 25 Charges

Lecture 26 Cut-Off_Understanding the Time Window

Lecture 27 Manual Intervention: Navigating the Challenges of Today's Clearing Infra

Lecture 28 Exception Queue Management

Lecture 29 Configurations

Lecture 30 User Interface

Lecture 31 Ancillary Services

Lecture 32 Account Management Services

Lecture 33 Sanction Screening

Lecture 34 Sanction Screening Workflow

Section 5: Anchor (Recap and Consolidation)

Lecture 35 Anchor (Recap & Consolidation)

Section 6: Implementation (Practical Insights)

Lecture 36 Implementation (Practical Insights)

Lecture 37 Wrap up

Professionals in the Banking and Finance Sector: Those working in banks or financial institutions who want to understand the behind-the-scenes processes of payment management and infrastructures.,Aspiring Bankers: Individuals aiming for a career in banking who wish to be well-prepared and knowledgeable about the inner workings of payment systems.,Tech and IT Professionals: Those working on the technical side of banking platforms or payment gateways and want to gain a comprehensive understanding of payment hubs and how they integrate into the banking ecosystem.,Students of Finance or Banking: Undergraduates, graduates, or post-graduate students who are studying banking, finance, or related fields and wish to add practical knowledge to their theoretical studies.,Curious Learners: Anyone interested in understanding the vast world of banking payments beyond just the commonly known methods like credit or debit cards.,Business Owners & Entrepreneurs: Individuals who are looking to set up their businesses that might integrate with banks or have their payment systems, and want to understand how banks manage payments.