Payment Aggregator Business (edX)

As online payments have become more and more popular means of transaction nowadays, on the other hand, online payment gateways have become increasingly important. Payment gateways successfully provide end-to-end solutions for a seamless customer experience. They are the key medium to help merchants receive payments in all types of online transaction situations.

What you'll learn

1. An Overview of Payment Aggregator Business.
2. Stakeholders in the Aggregator Model.
3. Structure of Payment Aggregator Settlements.
4. Service Delivery, Complaints and Security Standards.

Syllabus

Week 1
Module 1: Payment Aggregator Business: An Overview
1.1 Introduction
1.2 What are Payment Aggregator Services?
1.3 Benefits of Payment Aggregators
1.4 How Does a Payment Aggregator Work?
1.5 Factors Behind the Growth of Payment Aggregators

Week 2
Module 2: Stakeholders in the Aggregator Model
2.1 Introduction
2.2 Bank v/s Non-bank Payment Aggregators
2.3 Trends in Payment Aggregator Models
2.4 Framework for Payment Aggregators
2.5 IT Governance - Baseline and Desirable IT Requirements

Week 3
Module 3: Structure of Payment Aggregator Settlements
3.1 Introduction
3.2 How Does Payment Gateway Settlement Work?
3.3 Settlement Approach in a Payment Gateways
3.4 Flexibility with Funds Management
3.5 Standardizing Practices across the Industry

Week 4
Module 4: Service Delivery, Complaints and Security Standards
4.1 Introduction
4.2 Risks Associated with Payment Aggregator Services
4.3 Reporting Requirements
4.4 Customer Grievance Redressal and Dispute Management
4.5 Security, Fraud Prevention and Risk Management Framework