This seminar explains how payments are executed internationally. We start with a view into domestic payments and quickly jump to the environment for cross border payments. We will examine in detail the various payment methods and the technology and organizations (such as SWIFT) that support the movement of money globally. We will also review the latest developments impacting this environment including new messaging standards and FinTechs that are disrupting traditional players.
At the end of the course participants will be able to:
- Explain the intricacies of cross-border payments, the different payment systems and methodologies.
- Develop a roadmap to be more efficient around international payments while saving time and money
- Identify the impact of new payment methods that FinTechs will bring as they integrate with banks and clearing systems around the world.
- Incorporate this knowledge into a new approach to payments strategy for your company