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.
Prerequisites
Prerequisite: Previous experience in finance
Advanced Preparation: None
Learning Objective
- 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
Last updated/reviewed: March 13, 2024
(47) Reviews
(17 rating)
This was an excellent course and I felt like it provided a guidebook for necessary courses of action and reminders for those trying to ascend in his/her careers.
good refresher for what we do in the industry. good level of detail.
happy to pass the exam at one time, Great and thanks you.
This course was very interesting. I liked the examples he gave and how he Incorporated his own experiences into the lecture.
An overall solid summation of the important characteristics of forensic accounting. I would recommend this to anyone interested in Forensic accounting.,
I especially appreciated the David Foster Wallace commencement speech at the end.
Materials need some improvement. They are just bullet points without any context. That's good for normal presentations, but won't be useful if trying to use as a guide later on when the information is not fresh in our minds.
I really appreciate the CPE surrounding IT risks. Hoping to see more about OT risks in the future ... given IT/OT convergence (standards are: 62443, Purdue and cross-reference to NIST). I am an IT/OT Third Party Risk Manager, and my focus is Operations Tech (large manufacturing). Thank you!
Very helpful. Will likely watch again and take notes - some good tips in how to do things more efficiently and make the presentation look more ptofessional in Powerpoint
Loved this course. This was better than an 8 hour in person course I completed on Negotiations.
I would have liked to had a worksheet for the examples.
Poor grammar and punctuation in most slides, plenty of redundancy.
This instructor is always my favorite for Excel classes. His slides and presentations are excellent. It's a tad slow but the repetition makes the new formulas stick in my head.
I loved this lecture - some really great insights for how to be a better leader!
Good course on the basics of depreciation methods and calculation of gain or loss on sale or disposal.
I really thought this course was spot on, totally one hundred percent the truth. Everyone should take this course, it teaches you the art of problem solving conversations and how to become a better listener for sure.
If you want a good refresher or overview of ASC 606, this course provides that. If you wanted answers on how COVID impacts the application of ASC 606, this course is good at identifying questions to consider but leave many questions unanswered.
Somewhat interesting. More practical examples wouldve helped.
Another amazing course of the spreadsheet Jedi Lenny Wu. Thanks for sharing your valuable knowledge!
This course was well developed and well presented. Good coverage of the subject.
A very good course for both people new to blockchain and those who have a solid understanding already to help reinforce understanding
As indicated by the title, the course is introductory without any technical components and met the expectations. It was interesting to learn about the various applications and many industries that are leveraging the solutions.
This course was a good overview of recent changes and may lead you to take other more detailed courses that deal with one of the topics presented here.
Great substance here, Lynn really knows how to break the concepts down.
It felt like the instructor just read from the slides. I generally like more commentary around the subject.
very good high level information for lending business details
Great stuff that every financial person should understand.
This course provides a detailed materials on preventing and detecting fraud.
Good review of credit process and how the different areas tie together. Good overview of lending from a bank's perspective.
Great material, effectively presented and well organized.
Great course in understanding the IT and Finance relationship.
Great Course
Clear and concise - great examples provided. A great course for any experienced auditor.
Good coverage of all possibilities.
M
What about online identity theft companies? What do they do and are there worth the money? What are the steps to take if you have your identity stolen?
Good snippets for those moving/aspiring to move on from an individual contributor to a manager role.
Excellent course
Although, I thought I understood the course material, I had a heck of a time passing the test, which is unusual.
The material presented was clear and informative. Anyone who is involved in money movement can use this course to better understand credit transactions
excellent refresher
Great tips! Thank you!
I liked how he explained how the working capital ratios effected ACME to provide a real life scenario
Great course, but wish there was more detail covered on equity financing.
good course
l like learn about this course and subject We will follow full courses for an intense love thank you very much
Great information for someone looking to help their company develop an investment policy and manage the investment process.
Lesson Questions and Answers0 Questions
INTRODUCTION AND OVERVIEW
Understanding and Managing Card Payments
- Payments Overview 25:00
- Understanding and Managing Interchange 19:59
- Understanding Assessments/ Dues and Acquiring Fees 4:38
- Understanding Chargebacks 11:06
CONCLUSION
- Course Summary 4:40
Continuous Play
SUPPORTING MATERIALS
- Slides: Understanding and Managing Card Payments PDF
- Understanding and Managing Card Payments Glossary/Index PDF
REVIEW & TEST
- REVIEW QUESTIONS quiz
- FINAL EXAM exam
Ask the instructor a question about this lesson