Advanced Tactics for Transaction Optimization
The Advanced Tactics for Transaction Optimization course is a self-paced, intermediate program designed for payment professionals seeking to deepen their expertise in optimizing transaction processes within the eCommerce sphere.
The Advanced Tactics for Transaction Optimization in eCommerce course is designed to provide eCommerce merchants with practical insights and strategies to enhance transaction efficiency, security, and success. This specialized course will focus on specific transaction optimization tactics, such as real-time account updater, dynamic retry, tokenization, account updater, MID/MCC switching, alternate routing, and removing optional data from the authorization message. Participants will gain an in-depth understanding of these tactics and learn how to implement them effectively to optimize their eCommerce transactions.
Who Should Enroll?
- Payment managers seeking to enhance transaction success rates and security.
- eCommerce managers looking to understand and implement cutting-edge payment optimization strategies to drive business growth and customer satisfaction.
- Payment system developers aiming to integrate advanced optimization tactics for improved efficiency and security in eCommerce payment solutions.
- Fraud and risk management specialists seeking to enhance their strategies through advanced transaction optimization methods.
- Payment consultants looking to expand their toolkit with advanced optimization techniques for client success.
Program Details
- Program Level: Intermediate
- Program Field of Study: Specialized Knowledge
- Program Delivery Method: QAS Self Study
- CPE Credits: 2.0
- Advanced Preparation and/or Pre-requisites: Payment Essentials is recommended.
Learning Objectives
- Identify the essential components of transaction optimization
- Define the significance of transaction optimization
- Understand the challenges addressed by advanced tactics
- Define Real-Time Account Updater
- Identify the benefits of utilizing a Real-Time Account Updater
- Define Dynamic Retry Logic
- Identify the benefits of Dynamic Retry Logic
- Define how tokenization works
- Explain how to integrate tokenization into the payment process
- Identify best practices when utilizing tokenization
- Define the purpose and functionality of Account Updater
- Identify the benefits for Account Updater
- Define the purpose and process of MID/MCC Switching
- Identify best practices for using MIC/MCC Switching
- Identify alternate routing strategies
- Understand how to adapt to different transaction types
- Explain how to implement alternate routing
- Identify types of optional data
- Analyze the differences between optional and required data
- Explain the impact of optional data on transaction processing
- Explain the best practices for removing optional data
- Apply real-world case studies to their practices to improve transaction optimization
- Explain how industry leaders have successfully implemented transaction optimization strategies
- Assess their own eCommerce business needs
- Develop a customized transaction plan
Please allow approx. 3 hours to complete this course. The course culminates with a comprehensive final assessment to evaluate the user's comprehension of the material. Upon successfully completing the final assessment, participants will be awarded a certificate of completion and CPE credits representing their proficiency in the subject matter.
CPE credits can be applied toward industry certifications such as the Certified Payments and Fraud Prevention Professional (CPFPP) and the Certified Fraud Examiners (CFE).
Pricing
MRC Members: USD $150 (plus applicable taxes)
Non-members: USD $300 (plus applicable taxes)
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