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Industry Training

Credit Card Processing 101 (Industry001)


Description


Merchant Credit Card Processing 101 Learning Path is designed to provide a comprehensive understanding of credit card processing for merchants. This learning path covers key topics such as the fundamentals of credit card transactions, the roles of various stakeholders including acquiring banks and payment processors, and the technology behind secure transactions. Participants will also learn about compliance requirements such as PCI DSS, the impact of fraud and chargebacks, and best practices for optimizing payment processing for their business. By the end of this course, learners will have the knowledge and skills to effectively manage credit card processing in their operations.
Content
  • Section 1 - Transaction Landscape
  • A Brief History of Credit Cards
  • Merchant Account Rates & Pricing - Let's talk about pricing models
  • Payment Processing Key Terms
  • The Payment Ecosystem
  • Credit Card Transaction Participants sample
  • Authorization
  • Authentication
  • Clearing & Settlement
  • Assessing Processing Fees & Interchange
  • Summary
  • Let's Review!
  • Section 2 - Transaction Environments
  • Transaction Environments
  • Card Present
  • Card Not Present
  • Merchant Profiles
  • Mail Order / Telephone Order (MOTO)
  • E-commerce
  • Retail
  • Review
  • Section 3 - PCI Compliance
  • PCI Data Security Standards - Part 1
  • PCI Data Security Standards - Part 2
  • Payroc's PCI Program - Part 1
  • Payroc's PCI Program - Part 2
  • Quiz
Completion rules
  • All units must be completed
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