Card Payment Networks Explained

Get a good understanding of card payments worldwide and their potential for the future of finance

About the course

Are you ready to dive into the exciting world of card payments? Our team of experts, Fatemeh Nikayin, Thomas Müller, and Thomas Weber, Co-Founders at Rivero AG, are here to take you on a journey through the inner workings of this vital industry. From the thrill of swiping your card at the point of sale, to the behind-the-scenes action of funds being transferred and settled, we’ll cover it all.

But it’s not all smooth sailing in the world of card payments. Fraud and disputes can pop up at any time, and it’s important to have a solid plan in place to tackle these challenges. That’s where our experts come in – they’ll provide you with the tools and knowledge you need to stay one step ahead of the game.

Don’t miss out on this exciting opportunity to learn from our experts. Join us for our course now and get a comprehensive understanding of the card payment networks and compliance management in the card payment ecosystem.

Difficulty: Foundation
Duration: 45mins

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With this online course, you will:

Skills

FinTech

Digital Payments

Dispute Management

Card Schemes

Compliance Management

The expert you’ll be learning from

Fatemeh Nikayin, Thomas Müller, Thomas Weber

Co-Founders at Rivero AG

Fatemeh Nikayin has a strong background in payments and research with international experience in consulting banking digitalisation projects.

Thomas Müller is a former CISO of a large Swiss Card Issuer with a proven track record in security, product design and software engineering.

Thomas Weber has over 16 years of experience in payments with extensive expertise in scheme licence management, risk management and fraud.

Course Content

In this course, we will be discussing the basics of card schemes and the importance of compliance management in the payment industry. Our guest speaker, Fatemeh Nikayin, Co-Founder of River AG, brings a wealth of knowledge and experience in the field of payments and digitalisation projects in consulting and banking.
In Chapter 1, Fatemeh discusses the basics of card schemes and compliance management in the payment industry.
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.
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.
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.

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