How we handle money is changing and it is crucial to learn the alternatives of making payments in the future

Course 3: The Global Regulatory Landscape of the Payments Sector dives into the role and importance of regulation in the payments industry.

Explore different payment regulations in the European Union, United States and Asia-Pacific. Understand the ‘who, what and why' of risk management, security and data privacy processes.

This course is the third of six courses in the Payments in Digital Finance Specialisation, which is designed to Appreciate the influence of regulatory institutions on the industry.


This course is co-created by:


Accreditations

In United Kingdom and Hungary

Senior Lecturer: Kim Ford

Learn from

Kimberly (Kim) Ford is Senior Vice President, Government Relations, at Fiserv. She is responsible for the development and implementation of the company’s policy strategy and overall political advocacy engagement and represents Fiserv’s political interests as the company’s registered lobbyist in Washington, D.C. Kim joined Fiserv from the U.S. Faster Payments Council (FPC), a business trade association focused on accelerating the implementation of faster payments in the U.S. She was the first Executive Director of the organization. Prior to her FPC work, she spent 15 years at First Data, starting her career there as Manager of Public Policy and rising to become Senior Vice President, Head of Global Government Affairs. During which time she also served on the board of the Electronic Funds Transfer Association, the Innovative Payments Association, the Secure Payments Partnership, and the Card Coalition. Prior to her career at First Data, she was Regional Director for U.S. Senator Bill Nelson of Florida.

Kim Ford

Senior Lecturer, Payments C3

Global Contributing Experts

Learning Outcomes:

  • Understand how regulations are used to ensure the stability of the payments ecosystem and protect consumers

  • Understand the main function of the Asian central banks and other regulatory agencies

  • Understand the role of the Financial Action Task Force (FATF) in providing a global framework to fight financial crime

  • Understand how global cybersecurity regulations continue to evolve

  • Understand what central bank digital currency proposals exist around the world

  • Understand regulatory views on cryptocurrency

Course Information

Course Curriculum

  • 01

    Course 3 of Payments in Digital Finance Specialisation

    • Welcome to The Global Regulatory Landscape of the Payments Sector

    • Welcome from the Programme Directors!

    • A Message from Senior Lecturer - Kim!

    • Course Handbook | Introduction & Overview

    • Course Handbook | Glossary

    • Interact with CFTE & Payments Learners

    • Join Our Community at CFTE!

    • Preliminary Survey - Getting Started

  • 02

    Chapter 1: Understanding the Who, What and Why of Payments Regulation in the EU

    • ━━ SENIOR LECTURER ━━

    • Course Handbook | Chapter 1

    • 1.1 The European Union Regulators

    • 1.2 Cross Border Payments within the EU

    • 1.3 PSD2

    • 1.4 EU Interchange Regulation

    • 1.5 Regulation of European Faster Payments Systems

    • ━━ INDUSTRY EXPERT ━━

    • ━━ CHAPTER READINGS ━━

    • QUIZ

  • 03

    Chapter 2: Understanding the Who, What, and Why of Payments Regulation in the United States

    • ━━ SENIOR LECTURER ━━

    • Course Handbook | Chapter 2

    • 2.1 Payment Regulators

    • 2.2 Laws Governing Electronic Payments

    • 2.3 Debit Interchange Regulation

    • 2.4 Regulatory Approach to Faster Payments

    • ━━ INDUSTRY EXPERT ━━

    • ━━ CHAPTER READINGS ━━

    • QUIZ

  • 04

    Chapter 3: Understanding the Who, What, and Why of Payments Regulation in Asia-Pacific

    • ━━ SENIOR LECTURER ━━

    • Course Handbook | Chapter 3

    • 3.1 The Payments Regulators

    • 3.2 Cross Border Payments in Asia

    • 3.3 E-Payments Regulation

    • 3.4 Interchange Regulation

    • 3.5 Regulation of Asian Faster Payments Systems

    • ━━ INDUSTRY EXPERT ━━

    • ━━ INDUSTRY EXPERT ━━

    • ━━ CHAPTER READINGS ━━

    • QUIZ

  • 05

    Chapter 4: Financial Crimes Compliance

    • ━━ SENIOR LECTURER ━━

    • Course Handbook | Chapter 4

    • 4.1 Definitions

    • 4.2 The Financial Action Task Force

    • 4.3 AML Regulations

    • 4.4 Terrorist Financing Regulations

    • 4.5 Sanctions Screening Regulations

    • ━━ INDUSTRY EXPERT ━━

    • ━━ CHAPTER READINGS ━━

    • QUIZ

  • 06

    Chapter 5: Data Privacy and Cybersecurity

    • ━━ SENIOR LECTURER ━━

    • Course Handbook | Chapter 5

    • 5.1 The EU’s Approach to Data Privacy

    • 5.2 The US’s Approach to Data Privacy

    • 5.3 Asia’s Approach to Data Privacy

    • 5.4 Global Cybersecurity Requirements

    • 5.5 Regulatory Relationship Between Data Privacy and Cybersecurity

    • ━━ CHAPTER READINGS ━━

    • Quiz

  • 07

    Chapter 6: Regulatory Initiatives Affecting Emerging Payments

    • ━━ SENIOR LECTURER ━━

    • Course Handbook | Chapter 6

    • 6.1 Central Bank Digital Currency (CBDC)

    • 6.2 Cryptocurrency Regulation

    • 6.3 Open Banking

    • 6.4 Regulatory Sandboxes

    • ━━ INDUSTRY EXPERT ━━

    • ━━ CHAPTER READINGS ━━

    • QUIZ

  • 08

    Voice of Customer [VOC]

    • VOC Merchant Perspective: Gaston Aussems

    • Payments, from a Merchant's Point of View

    • VOC Treasurer Perspective: Francois Masquelier

    • Payments, from a Treasurer's Point of View

  • 09

    Course Conclusion & Final Assessment

    • Concluding Remarks from Kim!

    • Final Assessment

  • 10

    Congratulations!

    • Congratulations!

    • Post-survey

    • What's Next on the Payments in Digital Finance Specialisation

Over 60,000 professionals use CFTE to grow their knowledge on digital finance. You should too.