Understanding Apple Pay:Overview & Market Impact analysis

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This course and accompanying white paper provide thorough discussions and detailed information on Apple Pay, including how it works on a technical level as well as the important considerations and impacts from the perspective of consumers, merchants, acquirers, card issuers, and the card associations.

The following is an intermediate course and requires some basic knowledge or training on eCommerce payments.

  • Course synopsis. Since Apple Pay launched in October, 2014 it has made many media headlines. Millions of people know what Apple Pay is, but far fewer actually know how it works, who it impacts and why it’s important. With this online training course and accompanying white paper you can expect to first build a foundational level of knowledge related to the specifications, requirements and processes involved with Apple Pay payments. This is followed by detailed process flows for the primary steps of using Apple Pay, from adding payment cards to using Apple Pay in-store or within mobile applications all the way through transaction authorization and settlement. The primary components of what makes Apple Pay work are defined both in the context of Apple Pay as well as how it pertains to other methods of payment, while the market implications of Apple Pay and it’s features are explained in terms of how it impacts consumers, merchants, card associations, card issuers and payment processors.
  • what can you expect to get out of this course? After completing this course students should be able to answer questions such as: (1) How does Apple Pay really work? (2) What must I do as a consumer/merchant/card issuer/acquirer to use, support or accept Apple Pay? (3) Why is the tokenization used with Apple Pay important? (4) What is different for a merchant accepting Apple Pay versus accepting the payment behind Apple Pay directly? What’s the same? (5) Who pays for Apple Pay and how much does it cost?
  • Training Objectives: (1) Gain a thorough understanding of the Apple Pay payment flow, the parties and steps involved, and how it works from a technical perspective – from the point a consumer adds a payment card through transaction settlement. (2) Understand the fraud and security considerations and implications of using or accepting Apple Pay from the perspective of consumers, merchants, issuers, card associations and payment processors. (3) Be able to discuss the significance of Apple Pay in the payments and risk landscape including how it impacts merchants, card issuers, card associations and acquirers as it pertains to the costs, benefits and risk management.
  • Expected time to complete the course: 90-120 minutes (includes session tests and final exam).
  • Pricing & Online enrolment. Take this course online for only $500 by enrolling now. This price includes The Fraud Practice's Apple Pay Overview & Analysis White Paper.
  • we want 100% customer satisfaction. There is nothing worse than signing up for training only to find out that it wasn't on the topic you expected, or it wasn't advanced enough to provide value. If you have any doubt about the fit of a course to your particular needs, please give us a call. We will be happy to discuss the course, and to provide a more detailed overview on the content to ensure you make the most of your training dollars and time.
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why should you consider becoming a certified ecommerce executive?

Fraud is a part of doing business, but if you are doing business online, or via the telephone, the risk for fraud is exponentially higher; and stopping it is exponentially more difficult. Regardless if you are a small business owner with a staff that consists of yourself; or a senior executive for a large corporation with a dedicated staff to manage fraud; you need to understand how online payments work and the fraud exposure and risk your company will have to manage to maintain strong profits.

Doing business online today means you need to be prepared to navigate the eCommerce fraud landscape. The eCommerce fraud landscape can be difficult if you don’t have a good understanding of the underlying terminology, lingo and technology that is available. The eCommerce channel is still relatively young, and everyone from your peers to solution providers, from associations to the media will be trying to tell you they know how to prevent fraud in your business better than you do. The reality is, what you hear will typically only represent partial pictures. For example, most merchants just starting to do business online believe they will be protected from fraud by the tools offered from the card associations. The reality is, while these tools provide some protection they will not be enough to prevent fraud from occurring.

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The Fraud Practice


program overview

      • SCORM compliant
      • Available 24x7
      • Practice quizzes, progress tracking
      • Final Exams
      • Certificates of completion
      • Fast reliable online presentation
      • Easy to use and understand
      • Courses are broken down into 10 to 20 minute lessons to make it easier to find the time to complete the lessons with a busy schedule



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