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Meridian Credit Card Processing Job Training

Meridian Credit Card Processing Industrial Careers Job Training designed for your professional growth and success! Each course will address key facts of the industry that are necessary for expanding your knowledge and expertise. Courses are designed to meet your needs whether you work for an ISO, financial institution, processor, vendor or service provider. We will cover the latest developments, issues and regulations relating to the electronic processing industry. Best of all, we’re capitalizing on the skills and expertise of those who know the industry the best our members and those actually dealing with the issues on a day-to-day basis to serve as faculty for this special job training. We want your feedback! If there is a particular area that you would like more information or training, please let us know. We are constantly striving to make our course offerings the best and most relevant for our ever-changing Industry.

INTRODUCTION TO TECHNOLOGY COURSE OUTLINE

 

Course Description:
 

Introduction to Technology focuses on the technology available to the merchant. The course divides the

merchant and processor landscape into segments, such as single proprietors (“mom and pops”), multilane, regional and the large national merchants. In each segment, the course will examine the types of POS technology used and the security utilized. An emphasis on EMV is included with education including the differences between dial methods, terminal types, and the required industry certifications. The course will look at the impact of value-added programs, such as gift cards and loyalty on these systems as well as other card and payment instruments, such as electronic check, DCC, NFC and mobile wallets. Finally the course will examine authentication methods such as PIN and biometrics and discuss the types of encryption and security associated with each keeping in mind the US focus on EMV. This course covers an extensive amount of technology on a surface level, but is meant to aid in understanding the role and use of technology. This course complements the Introduction to Electronic Processing course with an emphasis on technology.

 

Learning Objectives:

At the end of the course, participants should be able to:

  • Understand EMV and the impact on merchants, acquirers and suppliers

  • Understand the various communication methods and POS equipment used by merchants today

  • Understand how the internet and other payments technologies are changing merchant and consumer options

  • Understand how a credit card payment goes from card to statement and how the merchant gets paid

  • Understand how debit processing, EBT, gift card and prepaid products works

  • Understand the various companies influencing technology growth

  • Have a basic understanding of the international marketplace

 

I. General Market Landscape

  •  Industry leaders

 

II. Payment Industry Landscape

  • Processor Models

  • Different Merchant Environments

  • Payments Ecosystem
     

III. Industry Definitions

 

IV. Technology Timelines

  • Historical perspective

  • Modern times

  • Functionality

  • Single message

  • Dual message

 

V. POS Environment

 

VI. Transaction Processing Flow

 

VII. Telecommunication

  • POS

  • Dial

  • Emerging Technologies

  • Comparison of Dial vs IP

 

VIII. Security

  • Customer authentication

  • Transaction/message encryption

  • Information security

 

IX. EMV

 

X. International Processing

 

XI. Payment Challenges in the next 24 Months

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