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Introduction to Payments Systems

Introduction to Payments Systems

Banking and Financial Markets, Financial Crime, Foreign Exchange, Regulation, Retail Banking

Duration: One day

Information

The UK Payments Systems have recently undergone a quantum leap in technology after 40 years.. This one day course gives a comprehensive overview of the rapid advances and changes in UK Payments and Payments Technology.

Objectives

What will I get out of this course?
After this course, participants will be able to:
Describe the operation and structure of payments in the UK
Compare bank and non-bank systems
Discuss the regulatory framework and the likely impact of the new Payment Systems Regulator
Describe the impact of mobile payments, digital wallets and other emerging technologies and business models

Schedule

Session One

Structure and operation of the UK banking industry
Industry overview and banking model
Principles of payment flows and deposit liabilities

Session Two
Statutory, regulatory framework and agencies
Statutory framework and roles of different regulators
Payment Services Regulations
Systemically important payment systems
Background to creation of the new Payment Systems Regulator

Session Three
Introduction to payment systems
Different type of money in the banking system
Role of the Bank of England as settlement agent
Real time gross settlement and deferred net settlement compared
The Payments Council
Bank payment systems: RTGS, C&CC, BACS, FPS and LINK

Session Four
New and competing technologies; future development
Contactless and NFC payment systems
Mobile payments, digital wallets, money remitters and other non-bank participants
Opening up the market: the Payment Systems Regulator
Conclusions

Register interest

As every course we run is tailored to meet the specific needs of each client, we can only provide an estimate after fully understanding your specific requirements. Please complete the form below of call +44 (0) 208 894 4977 to discuss how Taylor Associates can help you.