This course helps to understand about various nuances in fintech and digital banking
What you will learn
☑ Digital payments, and fintech payments
☑ Card Basics like card processing fees ,virtual cards,commercial cards
☑ Basics of banking like SWIFT,LVPS,MICR,USSD,Two factor Authentication(2 FA).ISO 20022
☑ credit card terminologies like plan ,current balance ,open to buy, delinquency, billing cycle, batch processing etc
☑ Miscellaneous like LEI, Recurring payments,Push and Pull transactions
Fintech refers to the use of advanced technology to provide financial services to consumers and business — from buying and selling cryptocurrency, to authenticating electronic payments. Fintech has made significant inroads into many financial service sectors, including payments, lending, investment, insurance and real estate
The payment market will continue to grow propelled by several new trends. One of them is that what used to require an archaic checkout experience is now being embedded as an instant payment feature into everything from food delivery and ride-hailing apps to entertainment, travel, wellness, gaming, and education apps to the point that consumers often don’t notice the payment at all.
For many fintech companies, the opportunity lies in being able to hone in on a key area of the market and take the friction out of the payment relationships within.
Digital Banking is the automation of traditional banking services. Digital banking enables a bank’s customers to access banking products and services via an electronic/online platform. Digital banking means to digitize all of the banking operations and substitute the bank’s physical presence with an everlasting online presence, eliminating a consumer’s need to visit a branch.
If an individual has access to a stable internet connection and an internet-enabled smart device, digital banking has a lot to offer.
Please go through the course thoroughly before purchasing
The contents of the course are :
7.Card processing fees
8.Basic card terminologies
11.2 Factor authentication
Basic Card terminologies-1
Basic card terminologies -2
Basic card terminologies-3
Card processing Fees
ON US transactions and OFF US transactions
ON- US transactions and OFF- US transactions
3.Two factor Authentication-2FA
Prepaid Payment Instruments(PPI)
Types of PPI
Large value payment system
MDR,Switching Fee,Interchange fee