Pay By Bank

The Pay by Bank course provides a comprehensive overview of the emerging and increasingly popular payment method that allows consumers to make direct payments from their bank accounts, bypassing traditional card networks. Participants will explore how Pay by Bank leverages open banking, real-time payments, and robust security features to offer a more cost-effective, secure, and user-friendly alternative to conventional payment methods..

This course covers key features, technical integration, benefits, challenges, and future trends shaping this innovative payment solution. It is designed to equip payment and fraud professionals with the knowledge needed to implement and optimize Pay by Bank in their operations while staying compliant and adapting to evolving consumer and regulatory demands.

Who Should Enroll?

• eCommerce Payment Managers can learn how to integrate Pay by Bank into platforms, optimize checkout processes, and reduce transaction costs and cart abandonment.
• Fraud Prevention Specialists will understand how Pay by Bank's security features minimize fraud and protect businesses from losses.
• Financial Analysts in Payment Systems will gain insights into the cost-saving benefits and improved cash flow of using Pay by Bank.
• Compliance and Regulatory Officers  can stay updated on regulatory frameworks like GDPR, PSD2, and open banking to ensure compliance.

Learning Objectives

• Understand the concept of Pay by Bank and its role in modern payment systems.
• Identify key benefits of Pay by Bank for consumers and businesses, such as improved security and reduced transaction costs.
• Understand the technical architecture of Pay by Bank.
• Recognize the security protocols and regulatory compliance requirements of Pay by Bank.
• Understand the process and requirements for integrating Pay by Bank solutions into eCommerce platforms.
• Identify strategies to optimize the user experience and reduce cart abandonment.
• Identify key benefits of Pay by Bank for eCommerce businesses.
• Understand the primary challenges of implementing Pay by Bank.
• Explain how emerging technologies will impact the future of Pay by Bank.
• Describe the importance of adapting to regulatory changes and evolving consumer behaviors to maximize the potential of Pay by Bank.

Program Details

• Program Level: Intermediate
• Program Field of Study: Specialized Knowledge
• Program Delivery Method: QAS Self Study
• CPE Credits: 1.6
• Advanced Preparation and/or Pre-requisites: Payment Essentials recommended.

Pricing

MRC Members: USD $75 (plus applicable taxes)

Non-members: USD $150 (plus applicable taxes)

Please allow 2-3 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 representing their proficiency in the subject matter.