Course details

Bank Branch Management: Payment and Settlement Systems

Bank Branch Management: Payment and Settlement Systems


Overview/Description
Target Audience
Expected Duration
Lesson Objectives
Course Number


Overview/Description
Arguably, the most important system in retail and commercial banking is the payment and settlement system. Payment and settlement systems are made up of a series of rules, processes, software, and hardware for transferring funds between two parties. They could be individuals, companies, and other banks in various geographies. There are many types of transfers including online banking, automated clearinghouse system, pre-authorized debts, direct deposits, debit card purchase or payments, and electronic check processing. Also, there are wholesale payment systems that deal with large-value electronic payments. With any financial transaction come different types of risks including credit, liquidity, legal or regulatory, and even reputational risks. This course examines the basic components of payment and settlement systems, the key principles of payment systems, and the risks associated with payment systems. This course also covers the types of payment and settlement systems including the types of electronic funds transfer, and the characteristics of wholesale payment systems.

Target Audience
Financial services professionals, consultants, and sales professionals interested in providing or selling products and services to retail banks, and everyone interested in understanding the operations at a bank branch

Expected Duration (hours)
1.0

Lesson Objectives

Bank Branch Management: Payment and Settlement Systems

  • define the basic components of payment and settlement systems
  • identify the key principles of payment and settlement systems
  • identify the risks associated with payment systems
  • describe the basic principles of payment and settlement systems
  • differentiate between electronic funds transfer types
  • identify the characteristics of wholesale payment systems
  • describe types of payment and settlement systems
  • Course Number:
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