Section 1: Overview of Card Payment Networks
Overview
Introduction to the Card Schemes
What are card schemes and how are they formed?
What are the main global card schemes?
What do they do, how are they regulated and who has access to them?
How do you become a network participant?
Thredd Model
Thredd Model for Card Payments
What are the roles of the different parties in card payments?
Thredd Role
The role of Thredd in the Payments Ecosystem
Where does Thredd fit in?
Is Thredd a network participant?
Does Thredd hold client funds?
Is Thredd regulated as a financial services provider?
How do we help program managers and issuers?
What is our relationship with the card schemes?
Issuers/Acquirers
Who are they and how do they work?
What are program managers and Payment Service Providers?
Using the Services of an Issuer vs. Self-Issuing
What are the advantages and disadvantages of being a self-issuer?
Client Funds
Who holds the cardholder's money and what are the requirements for holding money?
How does money get exchanged between cardholders-issuers and acquirers-merchants?
Charges and Fees
What type of fees are charged for operating the card scheme network and processing transactions on the network?
Global Card Payments
Not available on abridged version
What does the global card payments landscape look like?
What payment instruments should we be offering our customers?
Banking Networks
What's the difference between Card Payment Networks and Banking Payment Networks?
What are some of the banking network systems and payment methods available?
Regulation
Regulation of Card Network Participants
What are some of the important rules which card network participants, including issuers and their program managers, need to comply with?
Who regulates and monitors activity on the card networks and compliance with the rules?
What type of reporting is required from issuers and program managers?