Are you a new Visa client, or new to the payments industry? This course will give you a foundational understanding of all aspects of our dynamic industry and the Visa payments system.
This course follows our new blended learning model, which includes a mix of self-study and live instructor-led sessions. Learn more about blended learning.
The course begins with two weeks of self-paced learning. Start with an overview of payments operations. Learn about Visa’s history, products, technology and the value it brings to the payments industry before diving into the different types of payments ecosystems, their key stakeholders and emerging players.
Continue by learning how payments are processed. Receive an overview of VisaNet, including its components and the roles it plays in transaction processing. Next, explore the transaction lifecycle and the three steps involved — authorization, clearing and settlement. Look at the two different processing flows (dual message and single message) used to authorize, clear and settle transactions and discover how to use tokenization to keep transactions secure. Deepen your understanding by applying what you’ve learned about the transaction lifecycle and processing requirements as you follow a fictitious cardholder on an international trip.
Then, explore the essentials of a successful financial management system. Learn how the Visa Settlement Service operates, how Visa billing works and what data you’re responsible for reporting for Visa’s Global Operating Certificates. You’ll also learn what Interchange Reimbursement Fee (IRF) is and how it helps to balance and grow the payment system for the benefit of all participants.
Conclude the self-paced learning section of the course by gaining a foundational understanding of Visa’s rules and technical specifications and how to effectively navigate these two areas.
During the live sessions with a Visa University trainer, you will be guided through hands-on case studies to deepen the foundational knowledge gained during the self-paced learning section of the course. These live sessions include activities, reflection, regional considerations and action planning, helping you apply what you have learned to your real-life work.
Upon completing this introductory course, you will return to your role with the knowledge you need to build a foundation for success in the payments industry.
Key Topics:
- Introduction to payment processing
- History and importance of payment processing
- Participants in the payments ecosystem
- VisaNet transaction processing
- VisaNet concepts (authorization, clearing, settlement)
- Transaction processing (card product funding sources, channels and jurisdiction)
- Interchange reimbursement fees (IRF)
- Purpose of interchange reimbursement
- Fee flows and impact of transaction type
- Billing
- Types of charges Visa assesses on transaction volume
- Visa resources
- Visa Access, VisaNet technical documentation, Visa Core Rules, IRF guides
Who should attend:
- Clients who are new to Visa and staff who are new to the payments industry.
- This course is relevant to all job roles in operations, risk management, systems and operations.
Important notes:
- Access to self-paced learning materials begins two weeks prior to the live sessions. You are responsible for completing the self-paced learning prior to the live sessions.
- Enrollment for blended learning courses closes three business days before access to self-paced learning materials begins.
- This course is eligible for a digital badge.
- Special offers: Save 15 percent when you register more than six weeks in advance with promo code Save15 or register four individuals from your organization and receive an additional registration at no additional cost. Offers cannot be combined.
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