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Certified Associate - Cards & Payments

The payments industry is the lifeblood of the global economy, facilitating trillions of dollars through the banking system every day. Participants include all financial institutions involved in payment processing such as banks, non-banking financial institutions, and others. In the last decade, the industry has seen major innovation, powered by technology, across real-time domestic and cross-border payments.

 

Skill Board Professional Certification in Cards & Payments evaluates candidates for fundamental knowledge of real-time payments, domestic and cross-border payments, SWIFT, card and mobile payments, and the necessary skills to resolve common problems in operations and technology enabling money movement. The assessment is conducted through an online remote proctored test.

 

Candidates can choose between two certification options:

 

  • Certified Business Operations Associate (CBOA) - Cards & Payments certification is issued to candidates with 1+ years of experience in the banking & FinTech sectors and successfully passes the assessment for the CBOA certification.

 

  • Certified Business Technology Associate (CBTA) - Cards & Payments certification is issued to candidates with 1+ years of career experience in technology applications supporting payments processing and successfully passing the assessment for the CBTA certification.

Next available assessment date:

Dec 5
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Who should get certified
  • Business Analysts with 1+ years of experience working in banking and financial services. 
  • Developers and QAs with 1+ years of experience working on SWIFT and payments processing applications.
  • Business Operations Associates with 2+ years of experience working in banking and financial services.
  • Banking professionals who are exploring career opportunities in information technology.
Candidates are evaluated for
  • Understanding of credit card processing and domestic transfers.
  • Understanding of cross border payments, real-time payments, transaction monitoring and screening.
  • Understanding of SWIFT used for payment messages.
  • Understanding of financial crimes compliance and regulatory frameworks in the banking industry.
  • Understanding of modern payments platforms and offerings from FinTech firms.
     
Maintaining the certification
  • Certified Associates are required to recertify after 3 years, either by taking a recertification assessment or through continuing education credits.
  • Continuing education credits may be earned by taking industry certifications, participating in industry conferences, including professional presentations, and writing industry thought papers published on skillboard.org or other online forums. 
Assessment weightage by Knowledge Area
DomainWeightage

Payment Methods & Instruments

Cash, Cheque, Bank Transfers (Domestic and Cross Border), Credit Cards, Debit Cards, Prepaid cards, e-Wallet, Deferred Debit Cards.

0-10%

Card Payments

Payments Card Types (Credit, Debit, Prepaid, Card Schemes, Card Technology), Magnetic Stripe Card, EMV Cards, NFC cards, Card Processing Participants, Card Transactions Lifecycle, Interchange Messaging (ISO 8583 Message Standards), Interchange Fees, Card Issuer Revenues, Merchant Costs.

10-20%

Card Fraud Management

Chargebacks, PCI Data Security standards, Transaction Fraud Monitoring & Prevention, Artificial Intelligence & Machine Learning in Fraud Prevention.

10-20%

Banking Payments

Payments Participants, US Fed Payments (ACH, Fedwire), UK Payments (CHAPS, BACS), Cross Border Payments, SWIFT and SEPA Payment Schemes, Real-Time Payments.

10-20%

Payment Messaging

Role of SWIFT, SWIFT MT Message Types, XML MX Messages.

10-20%

Payment Clearing & Settlement

Payments Clearing & Settlement Across Major Countries, Risks in Payments & Settlements, Common Settlement Issues, Risk Controls.

10-20%

Payments Hub

Service Construct & Functions, Configurations & Ancillary Services, Channels, Sanctions Screening, Fraud, Serial and Cover Methods, Status Management, Accounting, Cut-offs.

10-20%

Digital & Mobile Payments

FinTech Digital & Mobile Payments Solutions (Alipay, WeChat, M-Pesa, Paytm, Amazon Pay, Google Wallet, Apple Pay, Plaid, Stripe, Square, and Venmo).

5-10%