Payment Foundations

What a payment is, and how the ecosystem fits together.

Start here. What a payment is, payment instruments and types, the payment ecosystem, the end-to-end lifecycle, and cheques and paper instruments. For anyone new to payments who wants the ground floor solid before touching messages or rails.

5 chapters · 37 lessons · ₹1,499

Estimated duration: 1.9 hours of narration, plus exercises, simulators and tests.

Who this course is for

Anyone new to payments, with no banking background.

Prerequisites

None.

What you will learn

• Explain what a payment is and how it differs from a transfer and from settlement.
• Name the payment instruments and when each is used.
• Describe the payment ecosystem and the parties in it.
• Trace a payment through its lifecycle end to end.

Practical exercises

Every lesson includes a practical exercise in the lesson player, with the problem, the information available, the action expected, what counts as a correct result, and why the answer is correct. This course has 37 exercises, one per lesson, plus the hands-on labs and simulators listed below.

What you will produce

• A written walkthrough of one payment from instruction to beneficiary credit.

Completion criteria

• Finish all lessons in the bundle.
• Pass the Foundations Test with 70% or more.
• Submit the capstone walkthrough.

Included chapters

• What is a Payment (7 lessons)
• Payment Instruments and Types (7 lessons)
• The Payment Ecosystem (7 lessons)
• Payment Lifecycle End to End (9 lessons)
• Cheques and Paper Instruments (7 lessons)

Practice tests included

Timed multiple-choice tests for this material, with the correct answer and an explanation for every question.

• Foundations Test (10 questions · 10 minutes)

Simulators and playgrounds included

Run a payment yourself instead of just reading about it. These interactive simulators cover the same material as the chapters above.

• Lifecycle Simulator

Practice features included

• Mission Control

Not included

This bundle does not include the other courses:

• The Integrated Course (85 chapters, 635 lessons)
• ISO 20022 and SWIFT Messaging (11 chapters, 87 lessons)
• Global Payment Rails (10 chapters, 77 lessons)
• Cross-Border and Correspondent Banking (7 chapters, 50 lessons)
• Clearing, Settlement and Liquidity (4 chapters, 29 lessons)
• Cards and Domestic Payments (6 chapters, 44 lessons)
• Compliance, Risk, Operations and Reconciliation (8 chapters, 59 lessons)
• Payment Architecture and APIs (8 chapters, 62 lessons)
• BA and PO Professional Practice (5 chapters, 37 lessons)
• Emerging Technologies and the Future (4 chapters, 30 lessons)