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Certified International Payment Systems Professional (CIPSP) Course Overview

Certified International Payment Systems Professional (CIPSP) Course Overview

The Certified International Payment Systems Professional (CIPSP) course is a comprehensive training program designed for individuals seeking expertise in the field of global payment systems. This course provides an in-depth understanding of the mechanisms and risks associated with electronic, paper-based, and cryptocurrency payment processes. Learners will explore the importance of payment and settlement systems, including the transition from paper to electronic payments, the use of cryptocurrencies like Bitcoin, and mobile payment technologies.

By covering the key elements of messaging, clearing/netting, and settlement, the course equips professionals with the knowledge to navigate and manage various payment types, from domestic to cross-border transactions. Additionally, it addresses the role of SWIFT messaging in financial communication and the use of codes such as IBAN and BIC.

Risk mitigation techniques and regulatory impacts are critical components of the curriculum, ensuring that participants understand the challenges and compliance requirements of the industry. The CIPSP course is an invaluable resource for those looking to enhance their skills and advance their careers in international payment systems.

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Target Audience for Certified International Payment Systems Professional (CIPSP)

The Certified International Payment Systems Professional (CIPSP) course is designed for professionals handling global payment operations and regulations.


  • Payment Systems Managers
  • Banking & Financial Services Professionals
  • Compliance Officers
  • Risk Management Specialists
  • Treasury Managers
  • Financial Analysts
  • IT Professionals in Banking Sector
  • Operations Staff in Financial Institutions
  • International Trade Finance Officers
  • Cryptocurrency Consultants
  • SWIFT Operations Personnel
  • Foreign Exchange Officers
  • Regulatory and Policy Compliance Staff
  • Financial Software Developers
  • FinTech Entrepreneurs
  • Business Consultants specializing in banking and payments systems


Learning Objectives - What you will Learn in this Certified International Payment Systems Professional (CIPSP)?

Introduction to the Certified International Payment Systems Professional (CIPSP) Course Learning Outcomes:

The CIPSP course equips participants with a comprehensive understanding of global payment systems, risk management, regulatory impacts, and the evolving landscape of digital transactions.

Learning Objectives and Outcomes:

  • Understand the role and importance of payment and settlement systems in the global financial infrastructure.
  • Identify and explain the three key elements of payment systems: message, clearing/netting, and settlement.
  • Learn the transition from paper-based to electronic payment systems including check truncation and remote deposit capture.
  • Gain insights into various payment processing methods and the evolution of mobile and cryptocurrency payment options.
  • Comprehend the reasons behind banks making payments, including own account and customer transactions.
  • Assess the different types of risks associated with payment systems such as Herstatt risk, credit risk, liquidity risk, systemic risk, and operational risk.
  • Develop knowledge of risk mitigation techniques, including the roles of central counterparties and collateral management.
  • Explore relationship structures in banking such as correspondent banking and network-managed banking.
  • Differentiate between various payment types and systems, including RTGS, net settlement, and hybrid settlement, and understand their applications.
  • Analyze regional payment systems across different geographies and understand their unique characteristics.
  • Delve into the use of cryptocurrencies for payments, understanding the underlying blockchain technology and its implications.
  • Learn about SWIFT messaging standards (MT and MX messages), their role in payment systems, and how corporates utilize SWIFT.
  • Understand the application of international codes such as IBAN, BIC, and ABA routing codes in facilitating accurate and efficient payments.
  • Gain a perspective on foreign exchange transactions from a payment system viewpoint, including exchange rate determination.
  • Evaluate the impact of regulations including the Basel Committee guidelines, FATF/OFAC, Wolfsberg Group, FATCA/GATCA, and AML compliance on payment systems.

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