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Transaction Banking Training: Module One - Domestic Payments

Transaction Banking Training: Module One - Domestic Payments


In response to market demand, a collaboration between, The SEPA Consultancy Ltd and Learning Compass is producing a series of internet-based training modules covering key aspects of Transaction Banking. Module One focusing on Domestic, or intra-country, payments is available now and subsequent Modules covering topics such as Cross-border Payments and Cash Management will be available later in the year.


Individual licence: £99 (including VAT)
Includes: Repeat viewing up to 5 times, glossary of terms and presentation slide download.
To purchase the video simply view the 60 second preview and then follow the payment instructions.
For enterprise wide access options please contact

Module One
The first module of the series provides an entry-level explanation of Domestic Payments which is a massive market comprising 98% of all non-cash payments - around 271 billion transactions in all countries of the world every year. Such payments are at the heart of all areas of economic activity within the economy of a country and without these payment flows, economic activity in a country would simply seize-up.

And yet how many of us has an understanding of what actually happens to the money when we make these payments? Where does it go and how does it all work so we ensure that bills get paid on time, bank accounts get credited and debited, and that all of this is done with the greatest speed and accuracy?

Module One addresses these questions and more. The content is structured as detailed below, and includes explanatory process maps for each of the payment types covered. A pdf download of all the slides together with a comprehensive Glossary of Terms is also provided.

Section One - Background

  1. definition of a payment
  2. why payments are made
  3. the basic types of payments
  4. the parties to a payment
  5. the importance of references and narratives
  6. Anti-Money Laundering legislation.

Section Two – Cash, Cheque and Card Payments

Section Three – Non-urgent, low value payments

  1. options for initiating electronic payments
  2. credit transfers (or giro payments)
  3. direct debits
  4. the Automated Clearing House (ACH) and linkage to Central Bank accounts
  5. examples of ACH across the world
  6. net end of day settlement
  7. process flow for ACH payments

Section Four – urgent, high value payments; e and m-payments

  1. real time gross settlement (RTGS) and linkage to Central Bank accounts
  2. examples of RTGS systems across the world
  3. process flow for RTGS payments
  4. internet payments – including PayPal, Google Checkout
  5. mobile payments – including M-Pesa (Kenya) and RFID contactless payments.

Section Five – In Conversation With Gary Wright, Sepa Consultancy

  1. Elizabeth Lumley, Finextra discusses the findings and topics from sections 1-4 in more detail with Gary Wright from the Sepa Consultancy

Who would benefit from the video?

  • Entry level staff looking for an excellent primer of basic information about domestic payments for new recruits to your business who may not have an extensive financial background.
  • Junior product, sales, marketing and PR professionals who want to learn about the key foundations of the industry and help to further increase the relevance and benefits of products and services.
  • Developer and IT staff who would benefit more from a greater understanding of the basics and mechanisms of the industry.
  • Support staff who want to generate a greater understanding of basic payments processing.
  • Business participants wanting the opportunity to catch up on the basics, processes and definitions of payments.

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