Payments Fundamentals Video Offer

Build Your skills on the rock for a successful career in the Payments Industry

Start your journey with Payments Fundamentals, a course specially designed to equip payments industry beginners with all the knowledge and expertise they require to become payment systems specialists. For experts, the Payments Fundamentals course fills gaps in their knowledge and brings them up to date on the latest developments, technologies, and best practices in the industry.


1 Year for € 497 then € 77 / Year

Payments Fundamentals Course

The purpose of payments fundamentals course is to provide you with the principles and keys to understand and study any payment system.

Expand each module to see its detailed contents


1 Year for € 497 then € 77 / Year

Module 1 – Payments, Payment instruments and payment systems

  • What is a payment?
  • Payment instrument definition and classification
    • Cash and non-Cash usages
  • Payment systems definition
  • Payment systems volumes
  • End parties and their needs
  • End parties quadrants in payments
  • Assessment Quiz

Module 2 – Payments systems models

  • Introduction to payments systems models
    • System modeling
    • Types of payments systems models
  • Open loop models
    • Payments system(s) anatomy at country level
    • Example Payments systems in France
  • Closed loop models
    • Example American Express
  • Models for cryptocurrencies
    • Example the Bitcoin
  • Assessment Quiz

Module 3 – The Four Corner Model

  • From Open Loop Models to the Four corner Model
  • The Four Corner Model
  • Few examples of Four Corner Models
  • Direct and Indirect participants to CSMs
    • Direct participants
    • Indirect participants with no direct access to clearing system
    • Indirect participants with direct access to clearing system
  • Participation directories

Module 4 – Clearing and settlement Mechanisms

  • What is Clearing?
  • Bilateral clearing
  • Multilateral clearing
  • (Gross and Net) Settlement
  • The two types of Net Settlements
  • Main types of clearing and settlement systems
  • Assessment Quiz

Module 5 – Push and Pull payments and related risks

  • Introduction and definitions
  • Push payments and few examples
  • Pull payments and few examples
  • Summary – Push and Pull payments
  • Assessment Quiz

Module 6 – Payments messages standards

  • The Four Corner Model
  • Customer-to-bank space and interbank space
  • Why standards are needed for payment messages
  • Payments Messages Standards (ISO 20022, SWIFT MT/MX, Local standards)
  • Original transactions and Related-transactions
  • Assessment Quiz

Module 7 – Domestic and International payments

  • Domestic payments
    • Definition
    • Intrabank payment
    • intra bankgroup payments
    • Interbank payments
  • International payments
    • Domestic vs. Cross-border payments
    • The six party model for cross border payments
    • Correspondent banking – Nostro, Vostro and Loro accounts
    • SWIFT – The gobal secure messaging platform
  • Assessment Quiz

Module 8 – Payment processing value chain

  • Value chain and Payment processing value chain
  • Payment processing value chain (From a bank’s perspective)
  • The Straight Through Processing (STP)
  • Payment processing value chain analysis
    • Payment acquisition and reporting
    • Payment Order Management
    • Payment Exchange
  • Payment status reports

Module 9 – Regulations and Risks in payments

  • Payments regulations
    • Introduction
    • Key regulatory goals
    • Few examples of payment regulations and initiatives
    • Subjects covered by private rules
  • Risk and risk management in payments
    • Definitions
    • The main types of risks in payments
    • Operational risks (Errors and Failures, Fraud risk, Data security risk, Business disruption risk)
    • Legal risks (Compliance risk, Regulatory risk, Contractual risk)
    • Financial risks (Credit risk, Liquidity / Settlement risk, Systemic risk)
  • Assessment Quiz

Module 10 – Economic models in payments

  • Economic models of Payments Systems and Payment Service Providers
  • Economic models of Payments Systems
    • Example of CSMs
    • Example of Card schemes
    • Example of cryptocurrency
  • Economic models of Payment Service Providers
  • PSPs Direct revenues
    • Transactions fees
    • Interest on associated loans
    • Monthly maintenance fees
    • Subscription fees
    • Commission on turnover (CoT)
    • Exception fees
  • PSPs Indirect revenues
    • Float
    • Interchange
    • Net interest income on deposit balances
  • Assessment Quiz

Module 11 – Main key players in the payment industry

  • Payments is a dynamic industry with a bright future
  • Overview of few main players in the payments industry
    • Players that are part of the value chain
      • Consumers and merchants
      • Bank payment service providers
      • Non-bank payment service providers
      • Card schemes
      • ACH schemes
      • RTP schemes
      • RTGS schemes
    • Other players
      • Technology vendors
      • Business and IT Consulting companies
      • Strategy and Advisory Consulting companies
  • Assessment Quiz


Enroll today and access all course materials and updates for a year. After that, you can keep the access for only 77 €.

Learn Anywhere, On Anything

Learn from any device – Windows, Mac, Android, or iOS. Learn at home, office, park, or while travelling

Truly Comprehensive

From foundational concepts to latest advancements in the payments industry, know everything

Get Certification

Get a course completion certification after passing the quizzes and taking post-completion evaluation

Gain Confidence

Acquire unparalleled expertise in payment systems and engage in richer discussions with peers, and customers

You Are Just 1 Step Away From Building a Successful
Career in the Payments Industry

Enroll to Payments Fundamentals Course Today


1 Year for € 497 then € 77 / Year

Build your payments skills on the rock with the payments fundamentals course. Get updated information and stay on the top.

  • You choose when you take the course on any platform (Windows, Mac, Android, iOS).
  • You can refer to the course again and again in the future and build your payments skills on strong foundations.
  • You can understand any type of payment systems or payment instruments anywhere in the world.
  • This training will boost your confidence in your payments skills and lay the foundation for a bright future in the payments industry.

JOIN NOW – 1 Year for €497 then €77 / Year

Already a Payment Systems Professional?

Power Your Growth With the Most Comprehensive Course on Payment Systems


1 Year for € 497 then € 77 / Year


“I never realized there were so many things in common between the different payments systems and instruments.. After taking the payments fundamentals course, I have all the basics required to work on any payment projects anywhere in the world.” – Lauren, Solution Architect working on domestic payments in New York, USA.

“What I like the most about this course is that things are explained in such an easy way that even a layman can understand. I feel very confident about my payments skills after taking this course.” – Vignesh, Payment Business Analyst in United Arab Emirates.

“I joined the payments fundamentals course as a free member. After taking the first three modules, I couldn’t resist buying it. I have no regret because this is simply the best introductory course on the planet earth. Thanks to the quizzes inside and at the end of each module, I remained focus and really understood the content. Thank you.” – Alexandre, Product owner in a payment project in Switzerland.


JOIN NOW – 1 Year for €497 then €77 / Year