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Payment Aggregators are service providers through which e-commerce merchants can process their payment transactions. Aggregators allow merchants to accept card and bank transfers without having to set up a merchant account with a bank or card association.
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.
This course will help Banking Executives, Business Strategists & Payment aggregators to understand the business model and trends of payment aggregators’ business, potential of integration of new technologies and offering all the hassle-free services to merchants and customers.
At a glance
* Institution: State-Bank-of-India
* Subject: Business & Management
* Level: Introductory
* Prerequisites: There are no prerequisite knowledge requirements for enrolling in this course. Elementary knowledge of payment system would be helpful.
* Language: English
* Video Transcript: English
There are no prerequisite knowledge requirements for enrolling in this course. Elementary knowledge of payment system would be helpful.
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.
Week 1
Module 1: Payment Aggregator Business: An Overview
1.1 Introduction
1.2 What are Payment Aggregators?
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: Payment Aggregator Model
2.1 Introduction
2.2 Types of Payment Aggregators
2.3 Evolving Business Models in the Payments Industry
2.4 Stakeholders in the Payment Aggregator Model
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 Management of Collected Funds
3.5 Collection of Charges & Standard Practices
Week 4
Modeule 4: Service Delivery, Compliants and Security Standards
4.1 Introduction
4.2 Regulation Framework and Reporting Requirements
4.3 Risks Associated with Payment Aggregator Services
4.4 Security, Fraud Prevention and Risk Framework
4.5 Customer Grievance Redressal and Dispute Management
