OnDemand Video Webinar
Trying to make sense of this industry? This webinar is for you! 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.
• 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
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.