The economic development in the modern era, which is unprecedented in human history, is primarily due to the facilitation of financial transactions between individuals through credit as a means of transferring capital from one person to another. Therefore, it is a medium for exchange, represented in electronic payment cards, which have witnessed widespread adoption in the present time. Their prevalence has increased due to their connection with technological advancement, as remarkable scientific progress has brought about a revolution in the world of information, enabling these cards to find their way into financial transactions.
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Course Objectives
By the end of the course, participants will be able to:
Program Objectives:
By the end of the course, participants will have gained knowledge on:
The historical origin of banking cards.
The concept and mechanism of electronic banking cards and their importance to the customer and parties involved.
The ability to distinguish between different types of banking cards, their mechanisms, and their areas of use.
Understanding accounting settlements and the financial impact of using each type of card.
Knowledge of the automated authorization system and the electronic networks through which cards operate.
Global standards for card issuance and the key companies involved with this product.
Awareness of card fraud methods and ways to prevent it.
Methods of auditing and monitoring card usage to prevent electronic fraud and money laundering.
Familiarity with banking services of all types and their importance.
Target Audience of the Program:
The target audience for attending the training program includes:
Commercial bank employees.
Islamic bank employees.
Employees of money transfer and exchange companies.
Employees of electronic payment companies.
Course Outline
Concept of Electronic Payment Systems The origin of bank cards and their development history The concept of how bank cards work Specifications of bank cards Important and mandatory data on cards The concept of BIN Types of cards based on manufacturing technology and information storage Magnetic Stripe Cards Chip Cards Types of bank cards Parties involved with bank cards Criteria and conditions for banks to obtain a license and issue and operate card products from global card companies ATM Cards The concept of how debit cards work Basic conditions for issuing debit cards Types of debit cards Uses of debit cards Advantages and disadvantages of using debit cards for customers, banks, and merchants Credit Cards The concept and definition of credit cards Types of credit cards Classic Cards International Cards Silver Cards Golden Cards Platinum Cards Charge Cards (Monthly Payment Cards) Revolving Cards (Renewable Payment Cards) Advantages and disadvantages of using credit cards for customers, banks, and merchants Prepaid Cards The concept and working mechanism of prepaid cards Advantages and disadvantages of using prepaid cards for customers, banks, and merchants Islamic Banking Cards Sharia-compliant controls for the card Types of cards subject to Islamic controls Secured credit cards and unsecured credit cards Global companies issuing cards Conditions and requirements of global companies for granting a license to banks for issuing cards How to issue bank cards Reviewing samples of different types of cards