Mastering Payment Services Directive: A Step-by-Step Guide to Ensure Compliance and Risk Management
Course Overview This comprehensive course is designed to provide participants with a thorough understanding of the Payment Services Directive (PSD2) and its implications on the payment services industry. Participants will learn how to ensure compliance with the directive and manage risks associated with payment services.
Course Objectives - Understand the key principles and requirements of PSD2
- Learn how to implement PSD2 in your organization
- Understand the risks associated with payment services and how to manage them
- Develop a comprehensive understanding of the payment services industry and its regulatory framework
- Gain practical knowledge and skills to ensure compliance with PSD2
Course Outline Module 1: Introduction to PSD2
- Overview of PSD2 and its objectives
- Key principles and requirements of PSD2
- Scope and application of PSD2
- Benefits and challenges of PSD2
Module 2: Payment Services and Providers
- Definition and types of payment services
- Payment service providers (PSPs) and their roles
- Registration and authorization of PSPs
- Obligations and responsibilities of PSPs
Module 3: Payment Accounts and Transactions
- Definition and types of payment accounts
- Payment transactions and their processing
- Clearing and settlement of payment transactions
- Payment transaction fees and charges
Module 4: Security and Risk Management
- Security requirements for payment services
- Risk management and mitigation techniques
- Compliance with security and risk management requirements
- Incident response and management
Module 5: Data Protection and Confidentiality
- Data protection and confidentiality requirements
- Processing and storage of personal data
- Consent and authorization for data processing
- Data subject rights and obligations
Module 6: Compliance and Enforcement
- Compliance with PSD2 requirements
- Enforcement and sanctions for non-compliance
- Regulatory framework and oversight
- Audit and inspection requirements
Module 7: Implementation and Operational Requirements
- Implementation of PSD2 in your organization
- Operational requirements for payment services
- Systems and controls for payment services
- Training and awareness for staff
Module 8: Case Studies and Group Discussions
- Real-life case studies of PSD2 implementation
- Group discussions on PSD2 challenges and solutions
- Sharing of best practices and experiences
- Q&A and feedback sessions
Course Features - Interactive and engaging: The course is designed to be interactive and engaging, with a mix of lectures, case studies, group discussions, and hands-on exercises.
- Comprehensive and up-to-date: The course covers all aspects of PSD2 and is updated regularly to reflect the latest developments and changes in the regulatory framework.
- Personalized learning: The course is designed to accommodate different learning styles and preferences, with flexible learning options and personalized support.
- Practical and real-world applications: The course focuses on practical and real-world applications of PSD2, with case studies and examples from the payment services industry.
- High-quality content: The course content is of high quality, with expert instructors and comprehensive materials.
- Certification: Participants receive a certificate upon completion of the course, issued by The Art of Service.
- Flexible learning: The course is available online, with flexible learning options and 24/7 access to course materials.
- User-friendly: The course is designed to be user-friendly, with easy navigation and clear instructions.
- Mobile-accessible: The course is accessible on mobile devices, allowing participants to learn on-the-go.
- Community-driven: The course has a community-driven approach, with opportunities for participants to interact with each other and share experiences.
- Actionable insights: The course provides actionable insights and practical knowledge that participants can apply in their own organizations.
- Hands-on projects: The course includes hands-on projects and exercises that allow participants to apply their knowledge and skills in a practical way.
- Bite-sized lessons: The course is divided into bite-sized lessons, making it easy for participants to learn and retain information.
- Lifetime access: Participants have lifetime access to course materials and resources.
- Gamification: The course includes gamification elements, such as quizzes and challenges, to make learning fun and engaging.
- Progress tracking: The course includes progress tracking features, allowing participants to monitor their progress and stay motivated.
Certificate of Completion Upon completion of the course, participants receive a Certificate of Completion, issued by The Art of Service. This certificate is a recognition of the participant's achievement and demonstrates their knowledge and understanding of PSD2.,
- Understand the key principles and requirements of PSD2
- Learn how to implement PSD2 in your organization
- Understand the risks associated with payment services and how to manage them
- Develop a comprehensive understanding of the payment services industry and its regulatory framework
- Gain practical knowledge and skills to ensure compliance with PSD2
Course Outline Module 1: Introduction to PSD2
- Overview of PSD2 and its objectives
- Key principles and requirements of PSD2
- Scope and application of PSD2
- Benefits and challenges of PSD2
Module 2: Payment Services and Providers
- Definition and types of payment services
- Payment service providers (PSPs) and their roles
- Registration and authorization of PSPs
- Obligations and responsibilities of PSPs
Module 3: Payment Accounts and Transactions
- Definition and types of payment accounts
- Payment transactions and their processing
- Clearing and settlement of payment transactions
- Payment transaction fees and charges
Module 4: Security and Risk Management
- Security requirements for payment services
- Risk management and mitigation techniques
- Compliance with security and risk management requirements
- Incident response and management
Module 5: Data Protection and Confidentiality
- Data protection and confidentiality requirements
- Processing and storage of personal data
- Consent and authorization for data processing
- Data subject rights and obligations
Module 6: Compliance and Enforcement
- Compliance with PSD2 requirements
- Enforcement and sanctions for non-compliance
- Regulatory framework and oversight
- Audit and inspection requirements
Module 7: Implementation and Operational Requirements
- Implementation of PSD2 in your organization
- Operational requirements for payment services
- Systems and controls for payment services
- Training and awareness for staff
Module 8: Case Studies and Group Discussions
- Real-life case studies of PSD2 implementation
- Group discussions on PSD2 challenges and solutions
- Sharing of best practices and experiences
- Q&A and feedback sessions
Course Features - Interactive and engaging: The course is designed to be interactive and engaging, with a mix of lectures, case studies, group discussions, and hands-on exercises.
- Comprehensive and up-to-date: The course covers all aspects of PSD2 and is updated regularly to reflect the latest developments and changes in the regulatory framework.
- Personalized learning: The course is designed to accommodate different learning styles and preferences, with flexible learning options and personalized support.
- Practical and real-world applications: The course focuses on practical and real-world applications of PSD2, with case studies and examples from the payment services industry.
- High-quality content: The course content is of high quality, with expert instructors and comprehensive materials.
- Certification: Participants receive a certificate upon completion of the course, issued by The Art of Service.
- Flexible learning: The course is available online, with flexible learning options and 24/7 access to course materials.
- User-friendly: The course is designed to be user-friendly, with easy navigation and clear instructions.
- Mobile-accessible: The course is accessible on mobile devices, allowing participants to learn on-the-go.
- Community-driven: The course has a community-driven approach, with opportunities for participants to interact with each other and share experiences.
- Actionable insights: The course provides actionable insights and practical knowledge that participants can apply in their own organizations.
- Hands-on projects: The course includes hands-on projects and exercises that allow participants to apply their knowledge and skills in a practical way.
- Bite-sized lessons: The course is divided into bite-sized lessons, making it easy for participants to learn and retain information.
- Lifetime access: Participants have lifetime access to course materials and resources.
- Gamification: The course includes gamification elements, such as quizzes and challenges, to make learning fun and engaging.
- Progress tracking: The course includes progress tracking features, allowing participants to monitor their progress and stay motivated.
Certificate of Completion Upon completion of the course, participants receive a Certificate of Completion, issued by The Art of Service. This certificate is a recognition of the participant's achievement and demonstrates their knowledge and understanding of PSD2.,
- Interactive and engaging: The course is designed to be interactive and engaging, with a mix of lectures, case studies, group discussions, and hands-on exercises.
- Comprehensive and up-to-date: The course covers all aspects of PSD2 and is updated regularly to reflect the latest developments and changes in the regulatory framework.
- Personalized learning: The course is designed to accommodate different learning styles and preferences, with flexible learning options and personalized support.
- Practical and real-world applications: The course focuses on practical and real-world applications of PSD2, with case studies and examples from the payment services industry.
- High-quality content: The course content is of high quality, with expert instructors and comprehensive materials.
- Certification: Participants receive a certificate upon completion of the course, issued by The Art of Service.
- Flexible learning: The course is available online, with flexible learning options and 24/7 access to course materials.
- User-friendly: The course is designed to be user-friendly, with easy navigation and clear instructions.
- Mobile-accessible: The course is accessible on mobile devices, allowing participants to learn on-the-go.
- Community-driven: The course has a community-driven approach, with opportunities for participants to interact with each other and share experiences.
- Actionable insights: The course provides actionable insights and practical knowledge that participants can apply in their own organizations.
- Hands-on projects: The course includes hands-on projects and exercises that allow participants to apply their knowledge and skills in a practical way.
- Bite-sized lessons: The course is divided into bite-sized lessons, making it easy for participants to learn and retain information.
- Lifetime access: Participants have lifetime access to course materials and resources.
- Gamification: The course includes gamification elements, such as quizzes and challenges, to make learning fun and engaging.
- Progress tracking: The course includes progress tracking features, allowing participants to monitor their progress and stay motivated.