Payments eLearning

Merchant Payments 102 - Executive Overview of Electronic Payments in the U.S.

Merchant Payments 102, an Executive Overview of Electronic Payments in the U.S., is designed primarily for senior leaders, providing a high-level overview of the electronic payments ecosystem in the U.S. It will take approximately 45 minutes to complete the four sections. After this course, learners will have a better understanding of the roles of ecosystem stakeholders, party models, payments instruments, technologies, security, compliance, and strategic considerations.

Course Registration

MAG account required to register for a course. If creating a new MAG account, allow a few minutes after account creation before attempting to begin the course. 

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Module Overview

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After this course, learners will have a better understanding of the roles of ecosystem stakeholders, party models, payments instruments, technologies, security, compliance, and strategic considerations.

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  • What is an electronic payment?
  • Electronic Payment Instruments
  • How are Electronic Payments accepted?
    What are the types of Costs?
  • Security, Innovation, and Strategy

 

Merchant Payments 101 Course Overview

Merchant Payments 101 is a foundational course designed for anyone seeking a role in the merchant payments industry, or who has a stake in the acceptance of payments and is looking to brush up on their skills. It will take approximately 6-9 hours to complete, and is designed in 5 distinct sections to provide milestones along the way.

Course Registration

MAG account required to register for a course. If creating a new MAG account, allow a few minutes after account creation before attempting to begin the course. 

Click to register for the course.

Resume course

Already registered? Click to resume the course. You can stop and save your progress at any time.

Module Overview

Module 1: History of Value

The overall U.S. payments ecosystem and how we arrived where we are today.

Objective: Describe how the history and progress of payments have influenced commerce today.

Average Length: 30 Minutes

Module 2: Overview of the Payments Ecosystem 

The systems and participants in the payment ecosystem.

Objective: Identify and distinguish between the systems and participants in the payments ecosystem.

Average Length: 1-2 Hours

Module 3: The Customer Journey

The customer payment journey in both Brick & Mortar and eCommerce and how each transaction impacts both the customer and merchant experience.

Objective: Identify the components of a transaction lifecycle in the customer journey.

Average Length: 2-3 Hours

Module 4: Cost of Payments

The costs associated with merchant payments acceptance.

Objective: Demonstrate an understanding of how to manage the cost of payments.

Average Length: 30 Minutes

Module 5: Value of Analysis

The key performance metrics to demonstrate the cost of doing business and maximize the return for the merchant.

Objective: Demonstrate they can do foundational calculations and analysis of the cost of payments.

Average Length: 1-1.5 Hours

eLearning Course Pricing

MPP Pricing Chart

 

*The MAG has an add-on Education Sponsorship available to existing sponsors (Tiers 2-4). We also offer bulk invoicing and bulk pricing discounts to support teams completing our eLearning courses. Bulk invoicing and pricing options are available when you elect to purchase multiple seats to the same eLearning course. Please contact Leah Collins for more information about how to get your entire team enrolled in the MAG’s eLearning courses.

The Merchant Advisory Group

Driving positive change and innovation in the payments industry that serves the merchants interest through collaboration, education, and advocacy.