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MRC Online Courses

Pay By Bank

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The Pay By Bank 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.

 

MRC Members: USD $75 (plus applicable taxes)
Non-members: USD $150 (plus applicable taxes)   

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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.

FAQs

    • Payment professionals seeking to understand how open banking can enhance their operations.
    • Banking and financial services professionals who need to keep up with the latest trends in digital banking.
    • Regulatory and compliance officers responsible for ensuring that financial operations comply with emerging regulations and standards in the open banking ecosystem.
    • Data Security and privacy specialists requiring an understanding of the security implications of different data access methods in open banking.
    • This course may also benefit financial technology (FinTech) innovators, customer experience managers in financial services, and IT and technical professionals in banking.

    • Payment professionals seeking to understand how open banking can enhance their operations.
    • Banking and financial services professionals who need to keep up with the latest trends in digital banking.
    • Regulatory and compliance officers responsible for ensuring that financial operations comply with emerging regulations and standards in the open banking ecosystem.
    • Data Security and privacy specialists requiring an understanding of the security implications of different data access methods in open banking.
    • This course may also benefit financial technology (FinTech) innovators, customer experience managers in financial services, and IT and technical professionals in banking.

    • 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.

    • 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.

    • 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.

    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



    • 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.

    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



    • MRC Members: USD $75 (plus applicable taxes)
    • Non-members: USD $150 (plus applicable taxes)

MRC Education 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: nasbaregistry.org

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MRC Education Refund Policy

MRC Education eLearning course refunds and cancellations are determined on a case-by-case basis. Cancellations and requests for refunds must be communicated in writing to programs@merchantriskcouncil.org. Refunds will not be issued once a course is started. Additionally, courses must be completed within one year of the course enrollment date.