Payments and Settlement Systems (PSS)

Class Description

Course Objective
Expose participants’ to the critical roles of Payments and Settlement System (PSS) in safeguarding monetary and financial operations of large value and retail PSS and identify risks in PSS. To enhance participants’ knowledge on identifying and mitigating risks in PSS. To expose participants to the role of central banks on PSS oversight.

Course Content

• Introduction/Overview Payment Systems
• Core Principles of security settlement systems
• The regulatory framework for National Payment Systems
• Interconnection in retail payment systems
• Clearing and settlement principles
• Payment standards and security
• Payment Systems and AML
• M- Banking and Payment Systems
• Key issues with mobile payments
• Principles of Financial Markets infrastructure
• Understanding the demand-side for payment services
• Interchange and its effect on a national payment system
• Real Time Gross Settlement System- RTGS
• Risks in Payment Systems

Target Group
Back office and payments section staff.

Venue
Mombasa