Payment Foundations
What a payment is, and how the ecosystem fits together.
Start here. What a payment is, payment instruments and types, the payment ecosystem, the end-to-end lifecycle, and cheques and paper instruments. For anyone new to payments who wants the ground floor solid before touching messages or rails.
Who this course is for
Anyone new to payments, with no banking background.
Prerequisites
None.
What you will learn
- Explain what a payment is and how it differs from a transfer and from settlement.
- Name the payment instruments and when each is used.
- Describe the payment ecosystem and the parties in it.
- Trace a payment through its lifecycle end to end.
Practical exercises
Every lesson includes a practical exercise in the lesson player, with the problem, the information available, the action expected, what counts as a correct result, and why the answer is correct. This course has 37 exercises, one per lesson, plus the hands-on labs and simulators listed below.
What you will produce
- A written walkthrough of one payment from instruction to beneficiary credit.
Completion criteria
- Finish all lessons in the bundle.
- Pass the Foundations Test with 70% or more.
- Submit the capstone walkthrough.
Included chapters
- What is a Payment
- Payment Instruments and Types
- The Payment Ecosystem
- Payment Lifecycle End to End
- Cheques and Paper Instruments
Practice tests included
Timed multiple-choice tests for this material, with the correct answer and an explanation for every question.
Simulators and playgrounds included
Run a payment yourself instead of just reading about it. These interactive simulators cover the same material as the chapters above.
Practice features included
Not included
This bundle does not include the other courses:
- The Integrated Course (85 chapters, 635 lessons)
- ISO 20022 and SWIFT Messaging (11 chapters, 87 lessons)
- Global Payment Rails (10 chapters, 77 lessons)
- Cross-Border and Correspondent Banking (7 chapters, 50 lessons)
- Clearing, Settlement and Liquidity (4 chapters, 29 lessons)
- Cards and Domestic Payments (6 chapters, 44 lessons)
- Compliance, Risk, Operations and Reconciliation (8 chapters, 59 lessons)
- Payment Architecture and APIs (8 chapters, 62 lessons)
- BA and PO Professional Practice (5 chapters, 37 lessons)
- Emerging Technologies and the Future (4 chapters, 30 lessons)