Finance Fundamentals - How Card Payments Work | Authorisation - Authentication - Settlement

Master Your Financial Acumen: Dive into Balance Sheets, Bonds, and Beyond with KINGCADEMY! Unlock insights in financial services, options, inflation, and more through our expert-led video series. Perfect for aspiring finance enthusiasts and professionals!

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12 learners

What you'll learn

Understand the structure and function of balance sheets and analyze real-world examples.
Explain the principles and impact of different types of bonds and their relevance to the financial market.
Identify the components of income statements and their implications for business profit analysis.
Analyze the interplay between inflation, interest rates, and the Consumer Price Index in economic contexts.

This course includes

1.5 hours of video
Certificate of completion
Access on mobile and TV

Summary

Full Transcript

When you go to the shops and tap your card on a card reader to buy some groceries, some clothes, or anything, what happens? Well for you, you tap your card, wait a few seconds, then the machine says ‘transaction approved’. You then take your goods, forget about it and get on with your life. But in those few seconds that it takes to approve a transaction a lot of things happen, between many different parties. This video explains the three steps to card payments - Authorisation, Authentication, and Settlement. #payments #finance #cardpayments #business