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Professional E-Payment Certification Programme

With emerging technologies and innovation in payment services and channels, the Nigerian payments ecosystem has evolved as a professional and specialty knoweledge area enough for practitioners in the financial services industry to have a clear path of enhancing their skill and competence in e-payments and its related areas.
The Institute in collaboration with Nigeria Inter-Bank Settlement System Plc (NIBSS) is therefore pleased to introduce a respectable and widely accepted Professional e-Payment Certification Programme for intending, upcoming and existing e-payments professionals.

Objectives

To evolve a certification programme as a specialist practice in the e-payments and financial technology profession, setting the standards for e-payment expertise.
Broaden the electronic payment knowledge and practice among practitioners and new entrants.
Recognise skilled and competent practitioners towards the achievement of the cashless agenda
To foster a category of high performing e-payment professionals in the banking and payments industry for a resilient, safe and secured e-payment system in Nigeria.
Bangor Business School – Chartered Banker MBA Programme.

Eligibility Criteria

S/N Stages Eligibility Criteria (DMBS, MFBS, Mortgage & Merchant Banks) Eligibility Criteria (Non-Bank) Fintechs, PSBS
1 Certified e-Payments Associate (CePA) 0 to 4 years banking experience 0-4 years in payments role
2 Certified Payments Professional (CePP) CePA and a minimum of 7 years banking experience CePA and a minimum of 7 years in payments role
3 Certified e-Payments Specialist (CePS) CePP and a minimum of 9 years banking experience CePP and a minimum of 9 years in payments role

FEES

Prospective candidates are expected to register as student members of the Institute before applying for the examinations which hold twice in a year (i.e. April and October). The student membership registrationn fee is N8,500 per candidate while the examination registration and subject fees are as follows:
Examination Fee for Professional e-Payment Certifications in Naira (N)
Number of Subjects Amount (N)
1 Subject 35,000
2 Subjects 57,000
3 Subjects 79,000
4 Subjects 101,000
5 Subjects 123,000
6 Subjects 145,000

Curriculum for the Professional e-Payment Certification Programme

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  1. Introduction to Electronic Payments (E-Payment)

    • Electronic Money V's Cash (Evolution)

    • The Security Aspect

    • E-Payment Systems

      • Corporate-Issued

      • Consumer-Issued (Retail E-Payment)

      • Overview of E-Payment Ecosystem & Interplay

      • Adoption of ISO Standards (Global Perspective) 1.7 E-Payment: Use Cases

    • Changes and Innovation in E-Payment Systems

  2. E-Payment Oversight

    • Overview of CBN Payment Operations in Nigeria

    • Payments Licensing

    • Risk Payment Services

    • Role of Oversight to Ecosystem

      • Retail E-Payment Issuance & Interoperability

      • Electronic Funds Transfer Systems

  3. Operational Risk Management

    • Operational Risk Overview

      • Evaluating Operational Risk and the differences from other risk categories.

      • Challenges in Operational Risk management

      • Operational Risk management group: Strategic goals, objectives, role in risk environment, Risk reporting in operational risk, etc.

      • Operational Risk interactive with other paradigms: reputational risk and brand equity risk, etc.

      • Operational Risk Assessment Methods, approaches and techniques

      • Constructing the Key Risk Indicators: Operational Risk

      • Operational Risk Measurement, Modelling and capital allocation

  4. E-Payment Regulation

    • Payment Regulation (Global Perspective)

      • Nigerian essential regulatory landscape

      • Policies: Directives for Operations and Consumers

      • Policies to Promote the DFS Agenda

    • Consumer Protection

    • E-Payment Operations Analytics Lab II Supervised Learning

  5. The Business of Digital Financial Services & Innovation (DFS)

    • Definition of Global Finance

    • Overview of DFS

    • The DFS Landscape in Nigeria

    • 1.3.1. DFS vs. Branch Services

    • Transformational Business services to DFS

  6. Overview of Product Innovation and Design

    • Payments Management & Lifecycle

    • Preference Manager

    • Partner Interoperability

    • Identity & Product Discovery

    • Revised Payment Discovery & Design 2019

    • Building Modules to Launching a financial Product

  7. DFS for Driving Financial Inclusion

    • DFS Strategy & Management's Strategies

    • The Successes represented of a DFS strategy

    • Sensitization of DFS/Retail

    • Global Financial Markets and their Business Models

    • The Nigeria Payments Ecosystem: Structure, models and innovation collisions

      • Emerging Financial Markets structure

  8. DFS Threats and Fraud Management

    • The Aspects & Mitigation

    • E-Payment Operational Risk Management Processes.

    • Fraud Types & Management

    • Consumer Panel

    • Agent Panel

    • Payment System Driven Fraud

    • Business Facilitation Fraud

    • Provider Fraud

  9. Sales and Channel Staff Fraud

    • Relating to DFS Results and Managing challenges

  10. The Digital Quotient

    • Designing your Digital Consumer Journey serves characteristic platform

    • Customers E-Account, Payment as Digital

    • Consumer Education and Practices

    • Consumer Positioning a Healthy DFS Ecosystem

  11. Digital Identity

    • Definition of Digital Identity

      • Building a Digital Identity for Peaceful Service Provision

      • Knowledge & KPIs

      • Identity Management

  12. E-Security: Technology and Operations

    • Overview

      • Financial Institution & Payment Channels 1.2.1. Internet Banking, Mobile and Channels

      • Global Payment Platforms

      • Nigeria Financials Industry Payments Products and Platforms

      • Electronic Governance Assessment Payment & Settlement System

      • Nigeria's Electronic Fund Transfer ( NEFT)

      • Real Time Gross Settlement Systems ( RTGS)

      • e-Reference System

  13. Data Security and the Difference between Data Privacy and Ethics

  14. Cyber Security: Data, Records and Audits

  15. E-Payment Industry Licensing: Industry & Interoperability

  16. AML, Regulatory Banking and E-payment Recordkeeping and Data

  17. E-Payment Regulatory Standards

  18. Agents, Resellers' Banking and E-Payment Recordkeeping

  19. Data Back Us & Recovery

  20. Financial Inclusive ( FI)

    • Definitions

    • FI Objectives

    • Fintech

    • Agency Banking & Management)

    • Adressing the impactful Financial inclusion

    • The Future of Financial Inclusion

    • E-Payment Operations Analytics Lab II Supervised Learning

  21. Payments System Innovation Strategy (PSIS)

    • Financial Aid

      • Revised KPIs.

    • Peer-to-Peer Payments strategies (Mobile Payments)

    • Peer-to-Peer Payments & interconnected Security Approach

    • Peer-to-Peer Payments: Financials: Partnerships or New Payment Systems

  22. PSI: Start System Analysis

    • The Targeted Development of the Financials

  23. E-Payment Systems and interconnected Records Developmented

  24. Comparison of Peer-to-Peer Payments and Interconnet Coding

  25. E-Payment Operations Analytics Lab II Supervised Learning

Recertification

As an E-Payment Practitioner, it is important to remain in a constant loop of ongoing career learning. Recertification demonstrates the commitment to continuing competence, not only at the time of initial certification, but throughout the advancement of the e-Payment Professional career.

The Certification is valid for three (3) years after its award. To maintain the credential, certified e-Payment Practitioner must earn 20 recertification credits over the three-(3) year time span.

Requirements for Recertification

Holders of the Certification at any stage of the Programme are required to renew their qualifications every three years after passing any of the stages of the Professional e-Payment certification examinations.

This can be achieved by accumulating the 20 recertification credits through the Compulsory Continuing Professional Development (CCPD) programmes which include but not limited to:

Seminars
Webinars
Conferences
Open Classroom E-Payment Programmes
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