CIPSP_May2016.pdf

7/26/2019 CIPSP_May2016.pdf

1/6

Certified International Payment

Systems Professional (CIPSP)TM

CIPSP certification will help you in enhancingyour skills in International Payment Systems.

Get certified! Stay ahead ofthe competition!

All our training programsare also available in-

house. To arrange an in-house program please

contact us on :

+91-9764835350or email

[email protected]

MVLCO offers a four full days comprehensiveCIPSP certification program extensively focused on

International Payment Systems. The course covers

important payments systems in countries i.e. USA,

Europe (SEPA), Canada, Hong Kong, China and

India with detailed understanding of each of the

payment systems including RTGS, Hybrid Systems

and Card/Mobile Payment Systems.

The CIPSP program emphasizes on active participa-tion from delegates and includes exercises and casestudies.

When you complete CIPSP, you will have complete

understanding of :

What are payment and settlement systems ?

What are the risks in payment systems ?

How paper based payment systems operate ?

How electronic payment systems operate ?

How mobile and card payments are made ?

How international payments are made ?

SWIFT and other messaging systems for payments

Join now:- either in a live classroom

mode or live virtual classroom mode.

BFSI Academy is thetraining divis ion of MVL

Consulting PrivateLimited.

Visit MVLCO atwww.mvlco.com


2/6

Certi fied International Payment Systems Professional (CIPSP)

CoursecontentsIntroduction Broad objectives of Payment system and components of payment system Three key elements : Message, Clearing/Netting and Settlement Paper to electronic payments check truncation/conversion, Check 21,

Remote deposit capture Payment processing Paper to paper Paper to electronic Electronic to electronic Electronic to paper Cheque Processing service Card and mobile payments Mobile payments

Why does a bank make payments Own account transactions including position maintenance and cover

operations Customer transactions

Risks in Payment Systems : Herstatt risk, Credit Risk, Liquidity Risk, Systemic Risk Operational Risk.

Risk mitigation techniques Carefully chosen members Novation, Central counterparty system Loss sharing arrangements, Collateral Other mitigation techniques

Relationship structures Correspondent banking Bilateral clearing arrangements Network managed banking

Payment types Book payments Local payments Domestic payments Cross border payments,

Payments systems Real Time Gross Settlement (RTGS) , Real Time Net Settlement (US CHIPS and Canadian LVTS) Net Settlement,

Hybrid settlement (STEP2) Continuous Linked Settlement (CLS)

Why should you attend:International and domestic

payments are one of the

most happening domain

areas in banking and

finance. Large opportuni-

ties exist for Payment Pro-fessionals in banks and

IT/Software industry.

After this certification you

would have a cutting edge

over others !

Duration:

4 full days.This course is conducted in

live classroom mode at Ban-

galore, Mumbai and Pune.The program is also available

in live virtual classroom

mode. We also conduct

CIPSP in-house at client

locations.

Fees (live/virtual trainings):

Indian Participants

INR 22,000 plus taxesInternational ParticipantsUS$ 1,000 plus taxes

The current taxes are 15.00%

Certification fees include thetuition, full course material, on-line examination fees programand does not include accommo-dation, transport and any othercosts.

Full course fees is payable

in advance in favor of

MVL Consulting

www.mvlco.com


3/6

Coursecontents(Connued)Regional payments systems

USA payment systems : Fedwire, CHIPS, NSS, ACH

SEPA payment systems : TARGET2, STEP 2 (SCT/SDD)

China payment system : China Domestic Foreign Currency Payment System Hong Kong payment system : CHATS

Canadian payment system : LVTS

Indian payment systems : RTGS, NEFT

SWIFT messaging : MT and MX messages

Role of SWIFT in payment systems

SWIFTnet Fin, Fileact, Interact, Browse

SWIFT payment message processing MT 1XX, MT 2XX, MT 9XX, MX PAIN/PACS

SWIFT Payment Messages examples

SWIFT for corporates

Straight through processing

Codes IBAN, BBAN, BIC, BEI, UID, UPIC, ABA routing codes etc.

Single and bulk payment instruction processing

Processing by payment engines

Card and mobile payments

Card products types viz. credit, debit, charge etc.

Players in card system Issuer, Acquirer, Interconnect, Processors, Partner net-works

Services provided by interconnect (including STIP)

Functions of EFT, HSM and other devices

Card present/card not present transactions

Introduction to ISO 8583 message formats

Authentication, Authorisation and Accounting

Switch operations and card transaction process

Interconnect transactions and settlement process

Presentment, re-presentment and chargebacks

Foreign exchange transactions

Cash, TOM, Spot, Forwards

Interbank transactions

Merchant transactions

Exchange rate determination and rate computation

Cash management products

Concept of float

Cash concentration, notional pooling and sweep

Virtual account management (VAM)

Controlled disbursements, positivepay, reverse positivepay

ACH filter/ACH block

Lockboxes

Impact of regulation

Basel Committee on Systemically Important Payment and Settlement Systems

FATF/OFAC compliance Wolfsberg Group compliances

FATCA compliance

AML compliance

www.mvlco.com



4/6

Coursemodules

Module1 :Basicsofpaymentsystems

Module2

:Risks

in

payment

systems

Module3 :IntroductiontoRTGS/Hybridpaymentsystems

Module4 :IntroductiontoSWIFTMTandMXmessages

Module5 :FedwireRTGSinUSA

Module6 :CHIPSinUSA

Module7 :ACHandNSSoperationsinUSA

Module8

:Introduction

to

SEPA

and

TARGET2

Module9 :SEPASCTandSEPASDD

Module10:ChinaFCDPS,CIPSandHKMACHATS

Module11:LargeValueTransferSystem,Canada

Module12:ContinuousLinkedSettlementSystem

Module13:Cardpaymentsystems

Module14

:Mobile

payments

Module15:Cashmanagementproducts

Module16:Antimoneylaunderingandotherregulation

www.mvlco.com


Get Certified ! Stay Ahead of the Competition !


5/6

Participantsspeak:

www.mvlco.com


MVL Consulting Private Limited

#17, Laxman Villa Condominium, Near Jog Hospital, Paud Road, Pune 411038 India

Telefax: +91-20-25466154, +91-20-25422874 Mobile: +91-9764835350

The program touched upon all the concepts with respect topayments. Getting this much information from a single sourceis simply outstanding.

: Saurabh Sharma, HSBC.

Very useful program. I had very limited exposure to banking.But I carry back with myself a lot of learning!

: Akhil , Infosys.

It is a very useful and well designed program . The flow is alsoexcellent

: Vaibhav Vaze, Barclays.

The Program was so carefully designed, that every single second oftime became very interesting, The way the trainer drove us

through the program was just amazing, there was no confusion orbumps during the session.: Maheshkumar, Oracle.

Very insightful and interactive program !

: Vivek Tiwari British Council.

Given the amount of knowledge being imparted, the trainermanaged to engage us right through the 4 days and kept us

completely glued to the course !: Sanjay Kumar, Oracle

The program was very interesting and the trainer made it even moreinteresting. The basic were made strong first and then the advancedtopics were taken. This made it easier for everyone. The trainer alsohad answers for any questions encountered.

: Participant from National Payments Corporation of India (NPCI)

The CIPSP trainingwas the best training Ihave attended so far.It was well organizedand delivered.

A participant fromBangalore Batch

I want to thank you for thewonderful training session on

payment systems.

It was the best I have everattended.

With the very meticulous col-lection of data / processes andsupporting material, structured

presentations, clear sequencingof the sessions, the efficiencyof the training was as enjoyableas much as it was informative.

- Srikrishnan Jayaraman,Consulting Practice DirectorOracle Bangalore

Program feedback from one of the largestglobal banks (Overall 3.64 out of 4.00)

IPSP program conducted in-housecontinuously receiving excellentsponse and feedbacks from multi-

ational banks and IT companies.


6/6

www.mvlco.com


MVL Consulting Private Limited

#17, Laxman Villa Condominium, Near Jog Hospital, Paud Road, Pune 411038 India

Telefax: +91-20-25466154, +91-20-25422874 Mobile: +91-9764835350

CIPSP BangaloreMore than 40 participants from Oracle, IBM, Wipro,Infosys, Congizant, LankaClear, RS Software and otherreputed organisations attended the program.

CIPSP Pune

More than 20 participants from Barclays, Tieto, Oracle, IBM, andother reputed organisations attended the program.

CIPSP @ Bangalore

CIPSP @ NPCI, Mumbai

CIPSP_May2016.pdf

Documents

Transcript of CIPSP_May2016.pdf