Professional e-Payment Certification Programme

Objective

• 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 and 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 in Naira
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

S/N	Certification Level	Proposed Courses
1	Certified e-Payments Associate (CePA)	Introduction to Electronic Payments (E-Payment) Definition of E-Payment Electronic Money vs Cash (Evolution) The Cashless Agenda E-Payment Systems E-Payment Ecosystem Stakeholders: Direct & Indirect Concepts and Principles of E-Payment Systems Global Review of E-Payment Systems Classification, Characteristics of E-Payment Systems The Emerging Need for E-Payments Adoption of E-Payments (Global Perspective) 1.7 E-Payment Use Cases Challenges and Benefits of E-Payment Systems E-Payment Operators iOverview of E-Payment Operators in Nigeria Payments vs Banking The E-Payment Ecosystem Role of Operators in the Ecosystem E-Payment Infrastructure & Interoperability Mechanics of E-Payment Systems Operational Risk Management Understanding Operational Risk and its differences from other risk categories Challenges in operational risk management Operational Risk Management group : Strategic positioning, setting priorities, goals objectives, role in risk assessment, Risk response, leadership in operational risk Operational Risk interaction with market perception, reputation risk and brand equity risk Operational Risk Assessment- Methods, approaches and strategies Understanding the Key Risk Indicators-Operational Risk Operational Risk Measurement, Modelling and capital estimation E-Payment Regulation Payment Regulators (Global Perspective) International Financial Regulatory landscape Nigerian Guidelines for Operators and Consumers Policies to promote the DFS Agenda Consumer Protection E-Payment Operations Simulation Lab & Experiential Learning
2	Certified Payments Professional (CePP)	The Business of Digital Financial Services & Innovation (DFS) Definition of Digital Finance Overview of DFS The DFS Landscape in Nigeria 1.3.1 DFS vs Branch Banking Transformational Innovations in DFS Overview of Product Innovation and Design Product Management & Lifecycle Production Strategy Innovation Ideologies Ideation & Product Discovery Product Development & Design (UX) Building Blocks to Launch a financial Product DFS for Driving Financial Inclusion DFS Strategy & Implementation Techniques Key Success Factors of a DFS Strategy Emergence of FinTech’s Global Fintech Giants and their Business Models The Nigeria Fintech Ecosystem: Business Models and Investment Decisions Emerging Financial Service Models DFS Risks and Fraud Management Risk Analysis & Mitigation E-Payment Operational Risk Management Framework Fraud Types & Management Customer Fraud Agent Fraud Business Partner Driven Fraud System Administration Fraud Provider Fraud Sales and Channel Staff Fraud Analysis of DFS Results and Managerial Challenges The Digital Consumer Designing your Digital Consumer Journey across channels/platforms Consumer Engagement: Physical vs Digital Consumer Education and Protection Collaboration: Fostering a Healthy DFS Ecosystem Digital Identity Definition of Digital Identity Building a Digital Identity for Financial Service Providers Biometrics & BVN Identity Management E-Payment Technology and Operations Overview Financial Institution E-Payment Channels 3.2.1 Internet Banking, Cards, Mobile and Contactless Global Payment Platforms Nigeria Financial Industry Payment Products and Platforms National Payment Systems Operations Payment & Settlement Systems Inter-Bank Transactions Operations Developing Interoperable Systems Principles and Architecture of an Inclusive and Interoperable Payment Systems The Regulatory Environment for DFS Regulatory Overview Legal Terminologies in e-Payment Legal & Regulatory Framework of Payment & Settlement Systems Legal Issues in Payment & Settlement Systems (Cases) Consumer Protection Guidelines Emerging DFS Regulatory Issues: Data Privacy and Fintech’s E-Payment Security: Audit & Compliance Overview Security Standards & Guidelines Security Measures for Operational Monitoring and Security Risks Security Issues and Solutions in E-Payment Systems Auditing of Electronic Banking and Payment Applications: FinTech Application Audit Data Security Data Back Up & Recovery Cybersecurity Threats Preventive Measures Mitigation Techniques Disaster Recovery Financial Inclusion (FI) Definition FI Objectives FI Strategy Agency Banking & Management) Assessing the Impact of Financial Inclusion The Future of Financial Inclusion E-Payment Operations Simulation Lab & Experiential Learning
3	Certified e-Payments Specialist (CePS)	Payments System Innovation Strategy (PSIS) Introduction to PSI Purpose of PSI Review of PSI Strategy across Market Segments PSI Development & Implementation Strategic Approach Adoption and Penetration Techniques of New Payment Systems PSI Strategy Success Metrics The Payments System of the Future E-Payment System and National Economic Development Comparison of the National Payment System of select countries E-Payment Operations Simulation Lab & Experiential 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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