DIGITAL PAYMENTS

SELF STUDY OUTLINES

AUTHOR :- CHETAN SHARMA HARITAS

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EMAIL
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CONTACT - 8095224411
AGENDA – WEEK 1
✓ Payments Glossary
✓ Payments and its Brief History
✓ Types of Payments
✓ Payment Systems
✓ Payments Systems Role in Economy
✓ Entity Involved in Payment System
✓ Role of Central Bank
✓ Payment Clearing
✓ Payment Settlement
✓ Different modes of Settlement
✓ Settlement Agents and their Role
✓ Netting and Deferred Payments Settlement
✓ Bilateral Payment Arrangement
✓ Bilateral Settlement/ Bilateral Net Settlements
✓ Multilateral Net Settlement
✓ RTGS – High Value Payment System
✓ RTGS Topologies – V, Y, L & T
✓ Key RTGS Payment Systems Globally
2
AGENDA – WEEK 2

✓ Payments Key Concepts ✓ Need for Standardization in Financial

✓ What is IBAN Telecommunication

✓ What is BIC ✓ SWIFT and its Origin

✓ What is LEI ✓ Swift Key Services and Features
✓ What is Correspondent Banking ✓ SWIFTNet Fin and Its Features
✓ Role of correspondent banking in Cross
✓ SWIFTNet Interact/FileAct Services
Border Payments
✓ Serial Payments ✓ Optional Services
✓ Cover Payments ✓ SWIFT Messaging Standard ISO 15022
✓ Comparison between Serial/Cover Method ✓ Messaging categories and Key Message Types
✓ Compliance Requirements for Cover ✓ Structure of a SWIFT MT Message
Payments
✓ Different Blocks in a message and Reading its
content 3
AGENDA – WEEK 3

✓ Understanding Format and Concept of ✓ MT103+ STP Message

Tags
✓ MT104 Message E2E Flow
✓ Key Fields and their meaning/Objective
✓ MT110 Cheque Message
✓ Understanding various parties in the E2E
Flow ✓ MT200/MT201/MT202 Messages
✓ Parties and their Content Structure ✓ MT200 Positive E2E Flow
✓ MT101T102/MT103 Payment Messages
✓ MT202 Positive E2E Flow
✓ MT101 Positive E2E Flow
✓ MT204 Positive E2E Flow
✓ MT102 Positive E2E Flow
✓ MTn91 Requests /MTn92 Cancellations/MTn95
✓ MT103 Positive E2E Flow
Queries/MTn96 Answers
✓ MT103 Negative E2E Flow
✓ MT900/910/940/942/950 Statements and Advices
✓ Different MT103 Cross Border Scenarios
✓
4
AGENDA – WEEK 4

✓ ISO 20022 XML Standards ✓ MX Cash Management Messages (CAMT)

✓ ISO 15022 Limitations and the ✓ Indian Payment Systems

advantages of ISO 20022 ✓ RTGS Flow
✓ MX Keys Messages mapped against MT ✓ NEFT E2E Flow
✓ Structure of an ISO MX message ✓ IMPS E2E Flow
✓ MX Payment Initiation (Customer)
✓ UPI E2E Flow
Pain.001
✓ UK Payment Systems
✓ MX Payment Clearing & Settlement
Messages ✓ CHAPS E2E Flow
✓ Customer Credit Transfer E2E Positive ✓ BACS E2E Flow
Flow (Pacs.008)
✓ US Payment Systems
✓ Customer Credit Transfer E2E Negative
Flow (Pacs.008) ✓ FEDWire E2E Flow

✓ FI Credit Transfer E2E Positive Flow ✓ CHIPS E2E Flow

(Pacs.009) ✓ ACH/NACHA E2E Flow 5
✓ FI Credit Transfer E2E Negative Flow
(Pacs.009)
AGENDA – WEEK 5
✓ What is SEPA
✓ SEPA Credit Transfer E2E Positive Flow
✓ SEPA Credit Transfer E2E Negative Flow
✓ SEPA Direct Debit E2E Positive Flow
✓ SEPA Direct Debit E2E Negative Flow
✓ SEPA Request to Pay
✓ SEPA Instant Payment E2E Flow
✓ Australia – RITS E2E Flow
✓ Canada – Schemes E2E Flow
✓ Rise of Open Banking and its impact on
Payments
✓ PSD (Payment Service Directive)
✓ What is SWIFT GPI Service
✓ Payment Engine Internal Working
✓ Key Steps in Payment Processing
✓ Key Validation in Processing
✓ Compliance Requirements for Payments
✓ Payments Sanctions
✓ Anti Money Laundering
✓ Payment Repair and Handling
✓ Straight Through Processing
✓ Role of Automation in Payments
✓ Future of Payments – Blockchain Basics and Peer
to Peer Payments
6
AGENDA – WEEK 6

✓ Cards Payments Overview ✓ Interactive Live Case Study

✓ Four Party Model ✓ Project 1 - SWIFT Standards Release
✓ Merchant Acquisition /Management
✓ Approach to the Project
✓ Cards Security Standards – PCI/DSS
✓ Expectations from the Project
✓ Cards Payment Standards IS0 8583
✓ Documenting the Requirements
✓ Structure of Card Messages
✓ Reading the format/Content ✓ Verification and Validations

✓ Key Cards Payment Message ✓ Impact Analysis

✓ 0100 Request and Response Flow ✓ Feedback and Closure

✓ 0200 Requests and Response Flow
✓ 0400 Requests and Response Flow
✓ Other Key messages and their Purpose
7
AGENDA – WEEK 7
✓ Interactive Live Case Study
✓ Project 2 – ISO 20022 Migration
✓ Approach to the Project
✓ Expectations from the Project
✓ Documenting the Requirements
✓ Verification and Validations
✓ Impact Analysis Areas
✓ Feedback and Closure
✓ Interactive Live Case Study
✓ Project 3 – Enhanced Straight Through
Processing
✓ Approach to the Project
✓ Expectations from the Project
✓ Documenting the Requirements
✓ Verification and Validations
✓ Impact Analysis
✓ Feedback and Closure
8
AGENDA – WEEK 8

✓ Summary of the Course

✓ Approach to Interview
✓ Resume Keywords
✓ Common Interview Questions and their
Answers
✓ Interview Pitfalls and how to avoid
✓ General Queries
✓ Feedback
✓ Closure