TECHNOLOGY
Card Payment Network Explained
Kick-start an exciting journey through the inner workings of the card payment network space exploring the benefits and challenges that organisations face throughout its processes, with the Co-Founders of a leading SaaS Platform offering payment operations solutions.
Fintech
Digital Payments
Dispute Management
Card Schemes
Compliance Management
Course Lessons
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.