Domain Knowledge Payments

This book payment card domain knowledge card terminology processing security in pci payment card industry includes all the information of pci payment card industry.

Domain knowledge payments. Ach credit transfers include direct deposit payroll and vendor payme. In this article i want to introduce some essential bank domain knowledge to you so as to help you better understand your banking clients or stakeholders. So we re going to find out how a transaction that you make in store or online how that appears on your payment card statements.

This article introduces various types of payment mechanisms available with banks how they work and advantages and disadvantages of using various types of bank payment types. How to get in depth knowledge on a payments domain that deals with ach and ird payments quora automated clearing house ach is an electronic network for financial transactions in the united states. Ach processes large volumes of credit and debit transactions in batches.

Learn about various modes to discharge a payment. Unless you ve worked in bank in various roles for many years it s unlikely you can gain access to that knowledge. As you can see this definition pretty much covers end to end how a bank operates.

Understand what we mean by payment systems and explore large value and retail payment systems. In my earlier post i covered types of payment cards. The credit card processing domain pci payment card industry covers debit credit prepaid e purse atm and pos cards and associated businesses.

For your information i have shared the basics of this domain.