

Mastering Global Payment Systems
Overview:
Introduction:
Mastercard, Visa, and Unified Payments Interface (UPI) represent key pillars of the global and domestic payment ecosystems, facilitating seamless, secure, and efficient financial transactions. Mastercard and Visa dominate international payment systems, enabling cross-border transactions and providing a robust infrastructure for businesses and consumers. UPI, on the other hand, has revolutionized real-time domestic payments, particularly in emerging markets, through interoperability and ease of use. This training program provides participants with an in-depth knowledge on these systems, covering their operational frameworks, technologies, compliance requirements, and risk management strategies. It equips professionals to enhance payment system efficiency and ensure alignment with industry standards.
Program Objectives:
By the end of this program, participants will be able to:
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Explore the operational frameworks of Mastercard, Visa, and UPI payment systems.
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Identify the compliance and regulatory requirements for payment processing.
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Analyze technologies driving global and domestic payment ecosystems.
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Identify risk management strategies within payment operations.
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Leverage insights to optimize financial transaction systems.
Targeted Audience:
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Banking and finance professionals.
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Payment operations managers.
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IT professionals in fintech and payment processing.
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Risk and compliance officers.
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Business analysts in the financial services industry.
Program Outline:
Unit 1:
Fundamentals of Global and Domestic Payment Systems:
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Overview of Mastercard and Visa payment networks.
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UPI's infrastructure and growth in domestic markets.
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The role of payment systems in global financial ecosystems.
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Key stakeholders: banks, merchants, and customers.
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Transaction flows and processes: authorization, clearing, and settlement.
Unit 2:
Regulatory and Compliance Frameworks:
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International standards for Mastercard and Visa.
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Regulatory guidelines governing UPI transactions.
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Anti-money laundering (AML) and Know Your Customer (KYC) requirements.
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Data protection laws and secure payment practices.
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Compliance challenges in cross-border and real-time transactions.
Unit 3:
Technology Driving Payment Systems:
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Digital platforms enabling Mastercard and Visa operations.
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UPI integration process with banking systems and applications.
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Role of encryption and tokenization in secure payments.
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Emerging technologies: blockchain, AI, and biometrics.
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Innovations shaping the future of payment systems.
Unit 4:
Risk Management in Payment Systems:
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Identifying fraud risks in Mastercard, Visa, and UPI transactions.
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Strategies for mitigating operational and cybersecurity risks.
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Monitoring and reporting suspicious activities.
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Business continuity planning for payment system disruptions.
Unit 5:
Enhancing Payment Efficiency and Adoption:
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Optimizing transaction speed and accuracy.
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Building interoperability across payment networks.
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Strategies for driving user adoption of digital payments.
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Developing customer-centric payment solutions.
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Tools for assessing the impact of payment systems on financial inclusion.