Payments Boot Camp

Course Content

Expand All | Collapse All

Lessons Status

1

Introduction and Definitions

2

Partners and Cards

How a Transaction Works

Players in a Payment Transaction

How a Card Works

3

Revenue

Revenue Opportunities

Interchange

Fees

Other Revenue Opportunities

4

Expenses

Expenses from Partners

Issuing Bank

Processor

Card Production

Networks

Customer Service

Other

5

Partners

Networks

Processors

Issuing Banks

Card Production Facilities

Program Managers & Sales Agents

Other Technology Partners

6

Load Types

Risk

Direct Deposit

Bank to Card

Cash

API/Batch

Wires

Credit/Debit Card

Cryptocurrency

Check Deposits

Card to Card

7

Features

POS Purchases

OCT & AFT

Cash Withdrawal at ATMs

Cash Withdrawal at Banks

Card to Bank Withdrawal

Bill Payment

Writing Checks

Companion Cards

Loan Proceeds/Collection to Card

Savings Account

Wallets & Purses

Multi-Currency

User Interfaces

Card Production

8

Compliance

Identity Verification CIP/KYC

Business Identity Verification

OFAC & Sanctions

Money Laundering & Terrorist

Money Transmission License & Money Service Business

Durbin Amendment

CFPB Prepaid Rule

Gramm-Leach-Bliley Act

Regulation E

Unfair, Deceptive, or Abusive Acts or Practices

Escheatment

Payment Card Industry (PCI)

Network Rules

E-Sign

Disabilities

Audits

Non-Compliance

Bonus – Programs and Industries

9

Fraud

ID Theft

Chargebacks

Account Takeover

Cloned Cards

Load Fraud

Tools to Fight Fraud

About The Author

Jake Posey