UNDERSTAND PAYMENTS IN 10 DAYS (NO CHARGE) You can understand payments in 10 days. Not master it. That may take a lifetime. Here is 10 days worth of reading material from online sources that would cost you “Zero” Bucks. All you have to do is spend 15-20 mins reading the articles mentioned below. Follow this to get a basic understanding of payment Day 1: Payment Instruments Fund transfer Day 2: Payment System Models Parties in a Payment System Push and Pull Payments...
Resume Building Resources Here are some resources that can help you build your resume to get your dream Job in payments
Payments Interview Preparation – A Quick Guide Let us assume that you have a few days to prepare for an interview where payments is one of the mandatory requirements. This is a quick guide on how to prepare for the interview and how to crack it successfully. Here, the assumption here is that you worked in the payments domain in...
SWIFT MT – MT103 Here is a very detailed session on SWIFT MT103
Polish Banking and Payment Systems – By Ramachandran Seetharaman Introduction Poland as a country is in the news for the right and wrong reasons. In being right, Poland is the only country in the EU to have accepted the maximum number of refugees from Ukraine. The crisis has also put Poland in the spotlight for the wrong reasons as its...
SWIFT MT101 The start of the MT series is the MT101. If there was a course MTs 101 then they might very well start it with MT101 (Pun intended). MT101 is called a Request for Transfer message. It is a message that is used by corporates and banks (on behalf of their customers) to initiate a customer credit transfer. In...
Payments Quiz – Basic 2 Here is a short quiz to test your payments knowledge. There are a total of 15 questions and you have 15 mins to answer the same. Please share the result on LinkedIn and encourage others to take the quiz.
Domestic Payment Schemes in the UK – By Pradyumna Acharya Let’s now take a quick look at the three payment schemes: BACS, CHAPS, and FPS. BACS Bacs is the bulk system for high volume, regular retail payments What it is and what it does Bacs is the UK’s bulk payment system It is used for credit transfers and Direct Debits The...
Domestic Payment Schemes in the UK – By Pradyumna Acharya Can we achieve both Settlement Finality and Zero Counterparty Risk? This is where the final piece of the jigsaw fits in. None of the approaches we’ve outlined so far are acceptable for situations when you need to be sure the payment will be made quickly and can’t be reversed, even...
Payments Quiz – Basic 1 Here is a short quiz to test your payments knowledge. There are a total of 15 questions and you have 15 mins to answer the same. Please share the result on LinkedIn and encourage others to take the quiz.
