Trajectory - Qualified Payments Expert

Target group

Our payments training course is aimed at employees from payments, organisation, auditing and IT areas; at customer consultants in the private and corporate customer sectors; and at specialist and management staff.

The training course can be followed by various target groups:

• payment officers;
• procurement;
• employees who encounter investment funds (funds, management company, custodian, transfer agent, distributor);
• compliance staff;
• internal auditors;
• product managers;
• consultants;
• employees of the legal department. 

Required prior knowledge

Expert level training: this training requires thorough prior knowledge of the subject.

Prior knowledge required: To experience the most impact of this course, it is best that you have acquired a certain basic knowledge/notion of payments.  

Preparation:

We kindly ask you to study the pre-course material (available on your profile MYFA) before the start of the trajectory – some of them are a must read, others are optional to read. They have been carefully selected to introduce the class workshops and to support in-depth discussions with fellow participants.

• Module 1 : Banking & Payments (source Febelfin Academy) (mandatory)
• Module 2 : 
  • Eleventh survey on correspondent banking in euro (source ECB) (mandatory)
  • Money Travels: 2023 Digital Remittances Adoption (source VISA) (optional)
  • The cross-border opportunity (source VISA) (mandatory)
  • The future of payments March 2023 Key consumer insights  (source VISA) (optional)
• Module 3 : Study on the payment attitudes of consumers in the euro area (SPACE) – 2022 (source ECB) (mandatory)
• Module 4 : FAQ on the Digital Euro (source ECB) (optional)

Programme

CONTENT

This training gives you a complete overview through 4 modules. 

Module 1 - European Payments (duration 6 class hours)

Lecturer: Kjeld Herreman

Guest speakers: Kristine De Lepeleire (Manager Projects Payment Systems UCV/CEC) & Francis De Roeck (Global Cash Management - Head of Industry Engagement for Payments at BNP Paribas)

• Q&A related to the pre-course material
• Introduction to SEPA & the role of the EPC
• Regulatory & supervisory context of European Payments
• Overview of Belgian payment working groups
• Introduction to payments messaging & ISO 20022
• Overview of transaction processing steps
• Payment initiation & reporting – Introduction to Isabel
• SEPA credit transfers
• SEPA direct debit
• SEPA instant credit transfers
• European market infrastructures
• Eurosystem (T2/T2S/TIPS)
• EBA Clearing
• CEC/UCV
• IBAN Namecheck
• SEPA Proxy Lookup Scheme
• Request to Pay
• SEPA One Leg Out payments

Module 2 - Cross-Border Payments (duration 6 class hours)

Lecturer: Kjeld Herreman

Guest speakers: Saskia Devolder (Strategic Programme Director Cross-border Payments SWIFT) & Janssen Marianna (Visa Direct Banks Business Development Director Europe)

• Q&A related to the pre-course material
• Introduction to Correspondent Banking
• Nostro/Vostro accounting
• The regulatory framework for cross-border payments
• Network management
• Derisking in cross-border payments
• Introduction to SWIFT & its messaging services
• Payment routing strategies
• Charge types
• Introduction to SWIFT GPI and Transaction Manager
• Transaction Pre-validation
• SWIFT Go
• Case management
• MT vs MX messaging
• Overview of FX products
• SWIFT Customer Security Programm

Module 3 - Card & POS/POI Payments (duration 6 class hours)

Lecturer: Kjeld Herreman

Guest speakers: Geert Strobbe (Team Leader & Business Consulting Worldline Financial Services), Isabelle Onkelinx (Chargeback Expert IO Resolution) & Peter De Wit (Innovation Manager Beobank) 

• Q&A related to the pre-course material
• The Three Corner Model
• The Four Corner Model
• Introduction to card authorisation, clearing, and settlement
• The role of the Card Scheme
• Overview of card schemes, co-badging
• Introduction to interchange
• 3D Secure & Strong Customer Authentication
• PCI-DSS
• Payment Gateways
• Mobile Wallets
• Alternative Payment Methods
  • Payconiq
  • Buy Now Pay Later
  • Open Banking
  • Pay Buttons
  • Mobile Initiated SEPA Credit Transfer
• The role of Worldline in the Belgian market
• The role of Europay in the Belgian market
• Case Beobank

Module 4 - Trends & New Entrants in Payments (duration 6 class hours)

Lecturer: Kjeld Herreman

Guest speakers:  Mark Munne (Product Marketing Manager Isabel Group), Tim Hermans (Director of the National Bank of Belgium) & Alessandra Guion (General Manager FinTech Belgium)

• Q&A related to the pre-course materials
• Overview of change drivers in the payments world
• Consolidation in Payments
• Credit institutions vs EMI/PI
• Changing customer expectations
• Pay to X
• Money remittance businesses
• ACH Offerings
• Wallet solutions
• Open Banking – PSD2, SPAA, & OFF
• Tokenization & stablecoins
• Central Bank Digital Currency & the digital Euro
• ACH offerings
• Introduction to Fintech Belgium
• Showcase of Belgian payment fintechs-round table

PRACTICAL INFORMATION

• Duration: 4 x 1 training day (6 class hours per training day)
• Hours: 09:00 to 16:30 
• Location: Febelfin Academy: Phoenix building, Koning Albert II-laan/Boulevard du Roi Albert II 19, 1210 Brussels
• Language: This training will be given in English. 
• This course gives you a complete overview through 4 modules.  The course leads to the certification 'Qualified Payments Expert’ after successful completion of all modules and the accompanying test.  
• Examination information: After following the modules, one can obtain the certification "Qualified Payments Expert" at the conclusion of the full programme and after completing a successful examination.  The tests for module 2 & 4 at the end of the course consist of multiple-choice questions (no disc correction).  You get 2 attempts to pass these tests.  The tests for modules 1 and 3 consist of group assignments.  These cannot be retaken. For a satisfactory result, you must obtain at least 60% for each module. If you pass, you will receive the certificate proving that you have passed the test and that you have the required technical knowledge. One must complete the online-tests within a month of taking the training.

Methodology

You follow a ‘Classroom training’ in a group. You, the other participants and the teacher are all present in the same classroom at an agreed time. There is an opportunity for interaction and feedback, both from the participants to the teacher and vice versa. The teaching material consists as a basis of a presentation via the MyFA learning platform, supplemented with various other items (such as digital syllabus, presentation, audiovisual fragments, etc.).

Training material:

• PowerPoint slides
• Various pre-course materials