Electronic Funds Transfer EFT

Course details

Overview

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.

Objectives

By the end of this training course you will be Familiar with:

• 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

Who should attend this course

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

Contents

• EFT Definitions & Terminology
• EFT Switch Component & Functions
• ATM Transaction Processing
• POS Transaction Processing
• ISO8583 Message Format
• APACS40 Message Format
• Magnetic Strip Card
• Smart Cart
• EMV Concepts
• EFT Transaction Authentication Modules (Security)
• EFT Communication Protocol
• Card Management Department Structure and roles and process