FTA 3810

Payment Processing

Credit Hours

3

Prerequisites

None

Description

This course focuses on the payment process ecosystem, lifecycle, regulation, security, fraud protection, and payment networks. The student will learn the products and services of the payments, fraud and risk reduction strategies, and roles & responsibilities of card issuers, acquirers, merchants, and strategies for maximizing card usage while minimizing loss associated with card use. The student will also learn about payments negotiations, risk management, customer relationships, principles of authorization, settlement, chargeback, and procedures, strategies, and best practices for acquiring merchants.

Upon successful completion of the course students will be able to:

  1. Differentiate between open and closed loop payment systems.
  2. Describe the processes and lifecycle of the payment industry sector.
  3. Explore payment product and services.
  4. Know the applicable regulations, standards, and security.
  5. Define global payment methods.
  6. Recognize next generation payment methods.

Advising Parameters

Below are basic parameters for advisors to use when talking to potential FinTech students regarding appropriate prior knowledge, and to ensure that students can be successful. Students should have a strong foundation in very basic concepts from multiple areas listed below. Students should have an understanding of how all of these are impacted by technology and by the regulatory environment.

Good candidates for the FinTech courses should have a background in business, finance, information technology, cybersecurity, computer science, mathematics, data science, or another related field.

Students should be familiar with or exposed to the following competencies:

1. Create and explain the income statement, balance sheet, and statement of cash flows
2. Perform time value of money calculations
3. Value and describe stocks and bonds
4. Evaluate capital budgeting projects

How To Register

Sign up via School

Search for the FTA prefix when registering for classes or make an appointment with your academic advisor.

Start with eMajor

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Send an Email

Send a note to Tommy Marshall, Executive Director, Georgia Fintech Academy.

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