Payments Domain Fundamentals - Explained with Scenarios

Payment Core Concepts, Payment Processing Systems, Business Scenarios


What you'll learn
Detailed understanding of the Core Concepts of a Payments Domain such as Message Flows, Clearing and Settlement.
About how the banks are processing the payment transactions while sending or receiving a request.
The various systems involved in the payment processing in a Bank such as Channels, Payment Hub, Payment Engines and a Gateway.
Analysis of how the banks are changing their roles in a End to End payment life cycle as of ISO20022 standards.
Clear understanding of the various business scenarios applicable in the payments domain and accounting entries of the same.

Requirements
No prior experience is needed. No restrictions on Role or Experience or Domain Background.

Description
Welcome to the course 'The Payments Domain - Fundamentals'. I am glad for your decision of learning the Payments Domain because it is always growing and interesting to work with.
The same thought triggered me create this course as I wanted to introduce the payments domain to you.
I have planned this course in such a way that, provides all the necessary knowledge for working in the payments domain.
Hence, this course is curated carefully with the topics that suits everyone and at the same time a beginner must be aware of.
This course is structured in way that, you will first understand the End to End processing of the Payment and then dives further into the concepts required for making this End to End Payment Transactions, as those concepts are the fundamentals for payment processing between the Banks.
In the later sections, you will understand what are the different roles played by the banks during an End to End Payment Processing and what are the different systems that is being used for processing the payment requests in a Bank's IT infrastructure, such as Channels, Payment Hub, Payment Engine and Payment Gateways.
Then, you will understand the business scenarios that are being processed most by the banks in a day to day basis. Here you will understand the accounting entries of those business scenarios and in the final section you will understand the Risks that are applicable in the Payments Domain.
Once you complete the course, you will be ready to enter into the Payments Domain with utmost confidence.
All The Best!
Who this course is for:
If you want to move into the payments domain and wondering where to start
If you are just entered into the payments domain and wants to scale the knowledge
If you are experienced but still wants to refresh your memory
If you just want to explore what payments domain is and wondering about how is it like to work in this domain
If you are looking at payments domain from behind the screens and curious to learn this domain
If you just curious about to learn how money is being moved from your account to your friend's or family member's account even though you are not from IT background

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