Free Product Management Course to Build Products in Fintech Ecosystem
Learn the ins and outs of building products in the Fintech ecosystem with our free product management course. Expand your skills today!
Before you ask, we do give certificates!
Get certified upon course completion and supercharge your career journey.
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Learning Objectives
1. Fundamentals of Card Payment Process
Understanding the sequence of steps in a card payment transaction, from authorization to settlement, involving multiple stakeholders and fees.
2. Role of Payment Gateway Providers
Exploring the pivotal role of payment gateway providers in routing transaction information between merchants, card networks, and issuing banks for authorization.
3. Significance of Issuing and Acquiring Banks
Examining the functions of issuing banks in verifying customer funds for authorization and acquiring banks in settling transactions and disbursing funds to merchants.
Investigating how interchange fees, set by card networks, impact revenue distribution among stakeholders in a card transaction, with the merchant receiving the net amount.
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Who's it for
Financial Analysts
Payment Industry Professionals
E-commerce Managers
Fintech Entrepreneurs
Banking Executives
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What will I learn
Chapter 1
Introduction to Card Payments
Outlines the ubiquity of card payments in modern transactions, from small purchases to large expenses. This chapter sets the scene for understanding the complex processes behind every card transaction, involving multiple stakeholders from the moment a card is tapped or swiped at a merchant's terminal.
Chapter 2
The Transaction Journey
Describes the initial phase of a card transaction, where the customer's action at a merchant's point-of-sale terminal triggers a series of communications across payment gateways, card networks, and issuing banks to authorize the transaction.
Chapter 3
Authorization Process
Explains how the transaction details are routed from the merchant to the customer's issuing bank via the payment gateway and card network. The issuing bank's role in verifying transaction feasibility based on the customer's balance or credit limit, concluding with the authorization code's issuance, is highlighted.
Chapter 4
Settlement and Transfer
Delves into the settlement phase, detailing how funds are transferred from the customer's issuing bank to the merchant's acquiring bank, a process that involves batch transactions and can take 1-2 business days, including fraud verification checks.
Chapter 5
Distribution of Fees
Breaks down the distribution of transaction fees among the stakeholders, with a focus on interchange fees, acquiring bank fees, and card network fees. It illustrates how these fees affect the final amount received by the merchant from a typical $100 transaction.
Chapter 6
Payment Orchestration Platforms
Introduces the role of payment orchestration platforms in managing the complex routing of transaction information and funds between all parties involved, ensuring smooth transaction processes.
Chapter 7
Evolution of Payment Technologies
Highlights the rapid advancements in payment technology, from traditional cash and cards to mobile wallets, and touches on future opportunities in digital banking, rewards programs, fraud prevention, and cross-border payments.
Chapter 8
Conclusion
Summarizes the intricacies of card payment systems and the importance of understanding these processes for anyone looking to innovate in the payment product space. It emphasizes the continuous evolution of payment technologies and the opportunities it presents.
Meet your Mentor
Devang Gaur
Product Manager @ Paypal, Dell
Devang Gaur is a skilled Product Manager who has worked at both PayPal and Dell. Based in San Jose, California, he has a strong background in leading products in the Auth optimization group at PayPal/Braintree. With over a year and a half of experience, he has proven success in product management and innovation.
Frequently Asked Questions
What are the main pillars of Product Management?
The main pillars of Product Management include strategy, ideation, development, launch, and iteration.
What is Product Management, and why is it important to learn about?
Product Management involves building and managing products. Learning it is essential to create successful products and businesses.
Is the Product Management course designed for corporate training and workforce upskilling?
Yes, the Product Management course is designed to cater to corporate training needs and upskill the workforce effectively.
How long can I access the free product management course content?
You can access the free product management course content for an unlimited period once you enroll.
Will I receive a certification upon completion of the free product management course course?
Yes, upon successfully completing the free product management course, you will receive a certification to showcase your skills.
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Understand The Wider Spectrum of FinTech Products, and challenges of Being a PM in Payments Segment
4.5
(337 ratings)
Intermediate
9th September 2024 at 2:30 pm GMT
24k Learners enrolled
Mentor
Devang Gaur
Product Manager @ Paypal, Dell
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