Program Objectives:

By the end of the course, participants will have gained knowledge on:

• The historical origin of banking cards.

• The concept and mechanism of electronic banking cards and their importance to the customer and parties involved.

• The ability to distinguish between different types of banking cards, their mechanisms, and their areas of use.

• Understanding accounting settlements and the financial impact of using each type of card.

• Knowledge of the automated authorization system and the electronic networks through which cards operate.

• Global standards for card issuance and the key companies involved with this product.

• Awareness of card fraud methods and ways to prevent it.

• Methods of auditing and monitoring card usage to prevent electronic fraud and money laundering.

• Familiarity with banking services of all types and their importance.

Target Audience of the Program:

The target audience for attending the training program includes:

• Commercial bank employees.

• Islamic bank employees.

• Employees of money transfer and exchange companies.

• Employees of electronic payment companies.

Concept of Electronic Payment Systems
The origin of bank cards and their development history
The concept of how bank cards work
Specifications of bank cards
Important and mandatory data on cards
The concept of BIN
Types of cards based on manufacturing technology and information storage
Magnetic Stripe Cards
Chip Cards
Types of bank cards
Parties involved with bank cards
Criteria and conditions for banks to obtain a license and issue and operate card products from global card companies
ATM Cards
The concept of how debit cards work
Basic conditions for issuing debit cards
Types of debit cards
Uses of debit cards
Advantages and disadvantages of using debit cards for customers, banks, and merchants
Credit Cards
The concept and definition of credit cards
Types of credit cards
Classic Cards
International Cards
Silver Cards
Golden Cards
Platinum Cards
Charge Cards (Monthly Payment Cards)
Revolving Cards (Renewable Payment Cards)
Advantages and disadvantages of using credit cards for customers, banks, and merchants
Prepaid Cards
The concept and working mechanism of prepaid cards
Advantages and disadvantages of using prepaid cards for customers, banks, and merchants
Islamic Banking Cards
Sharia-compliant controls for the card
Types of cards subject to Islamic controls
Secured credit cards and unsecured credit cards
Global companies issuing cards
Conditions and requirements of global companies for granting a license to banks for issuing cards
How to issue bank cards
Reviewing samples of different types of cards