MRC Online Courses

Open Banking Essentials

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The Open Banking Essentials course is a self-paced, entry-level course covering the basics of open banking. Payments professionals will learn the key concepts of open banking, data access methods, overview of global trends, open banking in the US, and why it is important for merchants and consumers.

This course will launch in early Spring 2023 but is available for pre-order now. The course is developed by the MRC in partnership with Link Money and peer-reviewed by the MRC Education Committee. If you pre-order today, you will be automatically enrolled in the course once it launches.


Program Details

  • Program Level: Basic
  • Program Field of Study: Specialized Knowledge
  • Program Delivery Method: QAS Self Study
  • *CPE Credits: 1.0
  • Advanced Preparation and/or Pre-requisites: None



  • Define open banking
  • Identify types of data access methods and their key differences
  • Differentiate between a regulatory vs market driven approach
  • Outline global trends in open banking
  • Understand regulations in the US
  • Illustrate the open banking payment flow
  • Describe the benefits of open banking for both consumers and merchants

*Learning objectives and CPEs are subject to change before the official course launch.

PRE-SALE: The Open Banking Essentials course is priced at US$75 for MRC members (plus applicable taxes). Non-members may take the course at the non-member price of US$150 (plus applicable taxes).

RAPID Edu Accreditation

The Merchant Risk Council is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

National Registry of CPE Sponsors logo

RAPID Edu Refund Policy

For the RAPID Edu program self-study courses, refunds and cancellations are determined on a case-by-case basis. Cancellations and requests for refunds must be communicated in writing to Refunds will not be issued once a course is started. Additionally, courses must be completed within one year of the course enrollment date.

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