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With this online course, you will:
- Understand the basics of card schemes and how they facilitate payment transactions
- Learn the different types of card payment networks, including three party and four party models
- Discuss the various parties involved in the payment ecosystem and their respective roles
- Learn the requirements for compliance with the rules and regulations set by card schemes
The Card Scheme - Compliance Management with Payments
In Chapter 1, Fatemeh discusses the basics of card schemes and compliance management in the payment industry.
Fraud and Dispute Management
In this chapter, Thomas Muller discusses the most common forms of payment fraud, including e-commerce-related fraud and traditional means such as phishing. He also advises on best practices to reduce the risk of fraud, including being cautious of suspicious messages and using two-factor authentication when available.
Pay By Bank: Benefits and Limitations
Fatemeh will discuss more about digital payments and the two main types of card payment networks: the three-party model and the four-party model. We will discuss the models and provide examples.
The Value Chain of Card Payments
Thomas Weber discusses the value chain of card payments, starting with product management and marketing, then moving on to cardholder solicitation and sales, onboarding and contracting, customer service, and digital interfaces. He also emphasises the importance of card scheme licensing and compliance management in the card industry. The value chain also includes transaction processing, clearing and settlement, and reconciliation, which involve technical and financial processes to facilitate the movement of funds between different parties. Finally, the value chain includes fraud and risk management to prevent fraudulent activity and protect against financial losses.
Meet your instructor - Fatemeh Nikayin
Co-Founder @ Rivero AG
Fatemeh Nikayin, based in Zurich, Switzerland, is currently a Co-Founder and Growth and Market Development at Rivero AG, a Swiss Fintech on a mission to simplify card payment processes, bringing experience from previous roles at Swisswallet Ag, Ul Transaction Security and Tu Delft. Fatemeh Nikayin holds a 2010 - 2014 Doctor of Philosophy in Management, Philosophy @ Industrial Design Engineering, TU Delft. With a robust skill set that includes Research, Qualitative Research, Quantitative Research, Strategic Partnerships, ICT and more, Fatemeh Nikayin contributes valuable insights to the industry. She also has a strong background in payments & research, with international experience in consulting banking digitalisation projects.