Fundamentals of Payments
41mGeneral2025-06-03
Authors
CRFT Productions
Full-Service Learning Content Company
Jean Paul Megue
Course details
Gain a comprehensive understanding of payment systems and how they drive the financial industry. In this course, Jean Paul Megue, a payments and financial services expert, teaches the key components of payments, including the different types of payment instruments, system models, and the needs of end parties involved. Discover the importance of clearing and settlement processes, direct and indirect participation, and the role of standards in ensuring smooth transactions. Jean Paul also delves into the four-corner model and analyzes the entire payment processing value chain, from customer-to-bank to interbank spaces. Check out this course to gain the knowledge and practical tools to confidently navigate payment systems and understand their impact on global finance.
Skills covered
Corporate FinanceFinance and AccountingLimited Series
Concepts
Introduction
- The fundamentals of payment and payment systems
Introduction to Payment and Payment Systems
- Definitions of payment, payment instruments, and payment systems
- Payment systems and their characteristics
- Models of payment systems
- End parties in payment systems and their needs
Clearing and Settlement in Payment Systems
- The four corners model
- Clearing and settlement
- Direct and indirect clearing and settlement systems
Payment Messages and Standards
- Why standards are needed in payment
- Customer-to-bank space and interbank space
- Payment processing value chains
Conclusion
- Mastering the core principles of payment systems