Pricing in the credit card processing industry is very complex and most merchant statements do not make it any easier to understand. There are various players in the payments space and so much industry jargon that getting a handle on your payments can be difficult and time consuming if you don’t fully understand the process.

This course starts with an overview of the payments landscape then we look at the key players and their roles, from the Credit Card Associations to the Merchant Providers. We then look at the flow of a credit card transaction and the different components that make up the cost of processing those transactions. Since interchange is the largest cost, we delve deep into understanding interchange and identifying ways to optimize interchange while reducing the overall costs of processing credit and debit cards.

We round out the course by covering some of the main pain points that many organizations have with the payments process, including downgrades, chargebacks, and the overall management of payments.

Learning Objectives
  • Explore the key players in the payments industry and the role they play
  • Identify the major variables that drive the cost of card processing
  • Discover how to evaluate ways to reduce payment processing costs
Last updated/reviewed: March 13, 2024
16 Reviews (64 ratings)

Reviews

5
Member's Profile
This is a very good overview of the card transaction flow and provided more information than expected. Well worth the time to get a better understanding of the overall card processing flow and merchant costs.

5
Member's Profile
Interesting topic with many moving parts; was very helpful in gaining insight on merchant charges. Experienced some difficulty hearing everything that was said.

4
Member's Profile
The material presented was clear and informative. Anyone who is involved in money movement can use this course to better understand credit transactions

5
Member's Profile
Excellent overview of the card network and associated players and costs. Anand presented in a organized and concise manner.

3
Anonymous Author
This is an easy subject. The slides were fine. The test wasn't testing your understanding.

4
Member's Profile
Doesn't cover chip card compliance & chargeback exposure for noncompliance.

5
Anonymous Author
This was a subject I had no knowledge about. Good information to know.

5
Member's Profile
Great course to reinforce your knowledge about Credit Card payments.

4
Anonymous Author
Somewhat interesting. More practical examples would’ve helped.

4
Anonymous Author
Good course. Provides actionable ideas to minimize costs.

5
Member's Profile
Great stuff that every financial person should understand.

5
Member's Profile
This was an informative presentation.

Anonymous Author
Very good and helpful information

5
Anonymous Author
Great course, very informative

5
Anonymous Author
eye-opening information

5
Anonymous Author
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Prerequisites
Course Complexity: Advanced

Prerequisite: Previous experience in finance

 

Advanced Preparation: None

 

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
Understanding and Managing Card Payments
  Payments Overview25:00
  Understanding and Managing Interchange 19:59
  Understanding Assessments/ Dues and Acquiring Fees4:38
  Understanding Chargebacks 11:06
CONCLUSION
  Course Summary4:40
Continuous Play
  Understanding and Managing Card Payments1:06:17
SUPPORTING MATERIALS
  Slides: Understanding and Managing Card PaymentsPDF
  Understanding and Managing Card Payments Glossary/IndexPDF
REVIEW & TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam