On-Demand Modules

Systems, Networks and Schemes – Oh My!

Level

Essentials

Year Recorded

2021

$149.00

OnDemand Video Module

Introduction

Trying to make sense of this industry? Learn about the essential characteristics that describe the six systemically important payment systems found in (nearly) every country. We’ll unpack the terminology used to describe the payments industry starting with the definition of a payment. Then we will break down each phase of a payment transaction and explain how money moves between stakeholders in the payments value chain.

Topics Covered

• Key components of a payment transaction
• Systemic Payment Systems
• Systems, networks, and schemes – definitions and examples
• Open-loop vs closed-loop systems
• Push vs Pull Payments
• Interbank settlement

Learning Objectives

To understand the core components of a payment system, proper use of basic terminology to describe payment processing, and key features of open-loop and closed-loop systems.

30,000+ Glenbrook Payments Boot CampTM workshop participants

Attending companies include fintechs, networks, banks, technology providers, investors, and more.

Customer Testimonials

“The Payments Boot Camp® has done an amazing job at giving me a broader understanding of the payments industry in an easy to digest and engaging format.”

– Tessa Dill Money Solutions Specialist – Payments, Shopify

Key Payments Terminology

All the key terms explained on one place.