Electronic Funds Transfer

About This Course

Throughout this training you will learn how to Handle the EFT in terms of Card management system (Debit & Credit), How you can handle the different types of Switches, how to handle the different types of ATMs, POSs, what are the transaction types what are the message types format (ISO8583 & APACS40), VISA & Master Card transactions and regulations, and the Magnetic strip with smart card (EMV) Handling.

 

Learning Objectives

Define Electronic Funds Transfer (EFT).
Switch Network Components & Functions.
ATM Transaction Types.
POS Transaction Types.
Magnetic strip and Smartcard description.
VISA DEBIT & CREDIT Transaction (Magnetic strip & EMV).
MasterCard DEBIT & CREDIT Transaction (Magnetic strip & EMV).
EFT Exceptions handling.
EFT Communication layers.
EMV Overview

Target Audience

  • Bank Department managers.
  • Call center operators.
  • Back-office officers.

Curriculum

25h

EFT Definitions & Terminology

EFT Switch Component & Functions

ATM Transaction Processing

POS Transaction Processing

APACS40 Message Format

ISO8583 Message Format

Magnetic Strip Card

Smart Card

EMV Concepts

EFT Transaction Authentication Modules (Security)

EFT Communication Protocol

Card Management Department Structure and roles and process.

Resources

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