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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

9 Reviews (25 ratings)Reviews

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
4
Member's Profile
Doesn't cover chip card compliance & chargeback exposure for noncompliance.
5
Member's Profile
Great course to reinforce your knowledge about Credit Card payments.
4
Member's Profile
Good course. Provides actionable ideas to minimize costs.
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 .
Course Syllabus
INTRODUCTION AND OVERVIEW
Understanding and Managing Card Payments
  25:56Payments Overview
  19:59Understanding and Managing Interchange
  4:38Understanding Assessments/ Dues and Acquiring Fees
  11:06Understanding Chargebacks
CONCLUSION
  4:40Course Summary
Continuous Play
  1:06:17Understanding and Managing Card Payments
SUPPORTING MATERIALS
  PDFSlides: Understanding and Managing Card Payments
  PDFUnderstanding and Managing Card Payments Glossary/Index
REVIEW & TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM