Course Overview:
This 5-day training course offered at IRES provides a thorough understanding of the structure, operations, and regulatory framework of payment and settlement systems. Designed for finance professionals, bankers, and central bank employees, the course covers key components of modern payment systems, including real-time gross settlement (RTGS), automated clearing houses (ACH), electronic funds transfers (EFT), and the latest developments in digital payment systems. Through real-world case studies, participants will gain insights into risk management, compliance requirements, and innovations in the payment landscape, enabling them to support efficient and secure payment processing within their organizations.
Course Duration:
5 Days
Target Audience:
- Central bank officials and regulators
- Banking professionals in payment processing roles
- Finance professionals involved in payment systems operations
- IT professionals in banking and financial institutions
- Professionals managing payment compliance and security
Personal Impact:
- Develop specialized knowledge in payment and settlement systems.
- Gain practical skills in managing secure payment operations.
- Improve ability to analyze and adapt to evolving payment technologies.
Organizational Impact:
- Enhance the efficiency and security of payment processing.
- Improve compliance with regulatory standards in payment systems.
- Support innovation and adaptation to digital payment technologies.
Course Outline
Course Objectives:
By the end of this course, participants will be able to:
- Understand the fundamentals of payment and settlement systems.
- Operate various payment systems, including RTGS, ACH, and EFT.
- Implement best practices in payment risk management and fraud prevention.
- Analyze compliance and regulatory requirements for payment systems.
- Explore new technologies in digital payments and blockchain.
Course Modules
Course Outline:
Module 1: Introduction to Payment and Settlement Systems
- Overview of payment systems and their importance in the financial sector
- Types of payment systems: wholesale, retail, and high-value
- Key stakeholders: central banks, financial institutions, and intermediaries
- Practical Exercise: Mapping out payment system participants
Module 2: Real-Time Gross Settlement (RTGS) and Automated Clearing Houses (ACH)
- RTGS systems: concepts, structure, and operations
- ACH: processing, settlement, and roles in clearing
- Differences between RTGS and ACH systems and when to use each
- Case Study: Comparison of RTGS and ACH systems in different countries
Module 3: Electronic Funds Transfer (EFT) and Digital Payment Solutions
- EFT systems: process flow, transaction types, and benefits
- Overview of emerging digital payment methods: mobile payments, e-wallets, and fintech solutions
- Case Study: Analyzing the impact of digital payments on traditional banking
Module 4: Risk Management and Regulatory Compliance
- Identifying risks in payment systems and fraud prevention techniques
- Regulatory frameworks: AML, KYC, and data privacy compliance
- Role of central banks and international standards in payment regulation
- Practical Exercise: Implementing risk controls in payment systems
Module 5: Innovations in Payment Systems and Future Trends
- Blockchain and distributed ledger technology in payments
- Real-time payments and open banking impact on payment ecosystems
- Emerging trends: central bank digital currencies (CBDCs) and cryptocurrency considerations
- Real-life Project: Analyzing a case of digital payment system implementation
Related Courses
Course Administration Details
Methodology
These instructor-led training sessions are delivered using a blended learning approach and include presentations, guided practical exercises, web-based tutorials, and group work. Our facilitators are seasoned industry experts with years of experience as professionals and trainers in these fields. All facilitation and course materials are offered in English. Participants should be reasonably proficient in the language.
Accreditation
Upon successful completion of this training, participants will be issued an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).
Training Venue
The training will be held at IRES Training Centre. The course fee covers the course tuition, training materials, two break refreshments, and lunch. All participants will additionally cater to their travel expenses, visa application, insurance, and other personal expenses.
Accommodation and Airport Transfer
Accommodation and Airport Transfer are arranged upon request. For reservations contact the Training Officer.
Tailor-Made
This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our IRES Training Centre or at a convenient location. For further inquiries, please contact us on:
Payment
Payment should be transferred to the IRES account through a bank on or before the start of the course. Send proof of payment to [email protected]
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