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Robert Dittmar and Andrew Wu

Discover the future of payment technology, from mobile payments to tokenization.

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Discover the future of payment technology, from mobile payments to tokenization.

In this course, you will learn new ways of making payments from consumer-to-business (C2B), from consumer-to-consumer (C2C), and from business-to-business (B2B).

You will explore current payment system technologies to examine their strengths and weaknesses, and understand the ways technological innovation is changing these traditional systems.

You’ll learn about new front-end innovations like digital wallets and mobile payments and also discover back-end innovations like tokenization, mobile money, and new payment infrastructure.

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What's inside

Syllabus

Introduction and What is FinTech?
Digital Wallets
Credit Card Innovations
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Payment Technology in Emerging Markets

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Explores payment technology, which is standard in the finance industry
Taught by Andrew Wu and Robert Dittmar, recognized for their work in payment technology
Introduces new and emerging payment technologies, such as tokenization and mobile money
Suitable for learners with an interest in payment technology, financial services, and innovation

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Reviews summary

The future of payment technologies

Learners say this largely positive course gives an engaging overview of the evolution of payment technologies. According to students, University of Michigan Professor Andrew Wu explains the past, present, and future of payment technologies with clarity and simplicity. Many reviewers mentioned that they gained a solid foundation in the basics of Fintech, as well as a comprehensive understanding of the players in the payment ecosystem. Those new to payment technologies said this course helped them grasp concepts like the infrastructure, fees, and risks of credit card networks, mobile wallets, and new technologies like blockchain that are disrupting the industry. Others said the discussion topics and case studies helped them think critically about challenges and innovations in the field.
Students find the lectures and videos engaging and informative.
"I enjoyed the course! It was easy for me to understand as a beginner and the content was interesting."
"Really good introductory course that outlays the foundations of paytech advances for further study and those developments in the emerging markets around this topic."
"The course offers a well-structured understanding of the payment system, striking a balanced approach between technical terminology and practical applications in everyday life."
Many reviewers appreciated the course's broad coverage of payment technologies.
"Really good short course that covers the main payment innovations in different markets and with a case study that focuses on best practise."
"The learning experience was totally great and the kind of language used to make us understand could not be any simpler"
"This course has provided me broader perception and involvement in fintech realm."
Clear explanations and materials make this a well-received course.
"The course is well structured, the professor was clear and he gives a lot of specific and real-life examples"
"This course has helped me understand some intricacies about Paytech and how the Fintech Ecosystem thrives on a symbiotic relationship"
"The course is very nicely paced, very innovative. Topics covered all in-depth and everything about the innovation is explained."
Students appreciate the use of case studies and real-world examples to illustrate concepts.
"This course provides unique insight into the innovations in the Fintech industry and explains them in a simple + straightforward manner."
"The content was extremely structured and precise with a good set of examples to relate to real world practices"
"The discussion was very simple and related to my studies .the most interesting part of the course is the case reading and end of module quiz."
Those new to payment technologies found this course accessible and easy to follow.
"If you are new to payment technologies, this gives all the fundamentals in a simple and easy way."
"Great start. Would recommend to anyone interested in getting gist of the overall Fintech payment industry..."
"The course is very nicely paced, very innovative. Topics covered all in-depth and everything about the innovation is explained."
Professor Andrew Wu receives praise for his clear explanations and engaging presentation style.
"Andrew Wu did an outstanding job teaching this course. I thoroughly enjoyed this course and learned much."
"The instructor is very articulate and knowleadgable. The charts showing network connections were very good."
"The curse is well structured, the professor was clear and he gives a lot of specific and real-life examples"

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in The Future of Payment Technologies with these activities:
Review Credit Card Processing
Review the fundamentals of credit card processing to strengthen your understanding of payment technologies.
Browse courses on Credit Card Processing
Show steps
  • Identify the key players involved in credit card processing.
  • Explain the steps involved in a credit card transaction.
  • Discuss the different types of credit cards and their features.
Attend a Payment Technology Conference
Immerse yourself in the latest payment technology trends, learn from industry experts, and connect with professionals in the field.
Browse courses on Fintech
Show steps
  • Research and select a reputable payment technology conference.
  • Attend keynotes and sessions on relevant topics.
  • Engage with speakers, exhibitors, and attendees.
  • Follow up with potential mentors and collaborators.
  • Summarize your learnings and key takeaways.
Analyze Payment Scenarios
Work through real-world payment scenarios to enhance your critical thinking and problem-solving skills in payment technology.
Browse courses on Payment Processing
Show steps
  • Identify the challenges and opportunities in each scenario.
  • Develop and evaluate alternative payment solutions.
  • Present your findings and recommendations to peers.
Four other activities
Expand to see all activities and additional details
Show all seven activities
Explore Payment Tokenization
Follow online tutorials to delve deeper into payment tokenization concepts and their implementation in real-world systems.
Browse courses on Security
Show steps
  • Choose a reliable tutorial platform or resource.
  • Follow the tutorial steps and complete the exercises.
  • Experiment with different tokenization techniques.
  • Discuss your findings and insights with classmates or mentors.
Collaborate on Payment Innovation Ideas
Engage in peer discussions and brainstorming sessions to generate innovative ideas and solutions for the future of payment technology.
Browse courses on Fintech
Show steps
  • Form a peer group with diverse perspectives.
  • Identify areas of interest and potential innovation.
  • Develop and refine payment innovation concepts.
  • Present and discuss ideas with peers.
Design a Digital Wallet Prototype
Create a functional prototype of a digital wallet to gain hands-on experience in designing and developing payment solutions.
Show steps
  • Research existing digital wallets and identify user needs.
  • Design the user interface and user experience.
  • Implement the wallet functionality.
  • Test the prototype and gather feedback.
Participate in a FinTech Hackathon
Join a FinTech hackathon to showcase your skills, collaborate with industry professionals, and develop innovative payment solutions.
Browse courses on Problem Solving
Show steps
  • Identify and register for a relevant FinTech hackathon.
  • Form a team or work independently.
  • Develop and refine your payment solution.
  • Present your solution to the hackathon judges.

Career center

Learners who complete The Future of Payment Technologies will develop knowledge and skills that may be useful to these careers:
Payment Analyst
Payment Analysts are responsible for evaluating and optimizing payment systems and processes to improve efficiency, security, and compliance. The course on The Future of Payment Technologies provides valuable insights into the latest payment technologies, such as mobile payments and tokenization. By understanding the strengths and weaknesses of current payment systems, as well as the potential of new technologies, Payment Analysts can make informed decisions about how to improve payment systems for their organizations.
FinTech Consultant
FinTech Consultants help organizations adopt and implement new financial technologies to improve their operations and customer experience. The course on The Future of Payment Technologies provides FinTech Consultants with a deep understanding of the latest payment technologies, including digital wallets, mobile payments, and tokenization. This knowledge is essential for helping organizations navigate the rapidly evolving FinTech landscape and make informed decisions about which technologies to adopt.
Payment Systems Manager
Payment Systems Managers are responsible for managing and overseeing payment systems for their organizations. The course on The Future of Payment Technologies provides Payment Systems Managers with a comprehensive understanding of the latest payment technologies, as well as the regulatory and compliance requirements that apply to payment systems. This knowledge is essential for ensuring that payment systems are secure, efficient, and compliant with all applicable laws and regulations.
Blockchain Developer
Blockchain Developers are responsible for designing, developing, and implementing blockchain-based applications. The course on The Future of Payment Technologies provides Blockchain Developers with a foundation in the basics of blockchain technology, as well as an understanding of how blockchain can be used to improve payment systems. This knowledge is essential for developing blockchain-based payment applications that are secure, efficient, and scalable.
Mobile Payments Specialist
Mobile Payments Specialists are responsible for developing and implementing mobile payment solutions for their organizations. The course on The Future of Payment Technologies provides Mobile Payments Specialists with a comprehensive understanding of the latest mobile payment technologies, as well as the security and compliance requirements that apply to mobile payment systems. This knowledge is essential for developing mobile payment solutions that are secure, convenient, and compliant with all applicable laws and regulations.
Data Scientist
Data Scientists are responsible for collecting, analyzing, and interpreting data to help organizations make informed decisions. The course on The Future of Payment Technologies provides Data Scientists with a foundation in the basics of data science, as well as an understanding of how data science can be used to improve payment systems. This knowledge is essential for developing data-driven insights that can help organizations optimize their payment systems and improve customer experience.
Financial Analyst
Financial Analysts are responsible for analyzing financial data to help businesses make informed decisions. The course on The Future of Payment Technologies provides Financial Analysts with a foundation in the basics of financial analysis, as well as an understanding of how financial analysis can be used to evaluate payment systems. This knowledge is essential for developing financial models that can help businesses assess the risks and rewards of investing in new payment technologies.
Risk Manager
Risk Managers are responsible for identifying, assessing, and mitigating risks for their organizations. The course on The Future of Payment Technologies provides Risk Managers with a foundation in the basics of risk management, as well as an understanding of how risk management can be applied to payment systems. This knowledge is essential for developing risk management strategies that can help organizations protect themselves from the risks associated with new payment technologies.
Compliance Officer
Compliance Officers are responsible for ensuring that their organizations comply with all applicable laws and regulations. The course on The Future of Payment Technologies provides Compliance Officers with a foundation in the basics of compliance, as well as an understanding of the regulatory and compliance requirements that apply to payment systems. This knowledge is essential for developing compliance programs that can help organizations avoid legal and financial penalties.
Product Manager
Product Managers are responsible for developing and launching new products and services for their organizations. The course on The Future of Payment Technologies provides Product Managers with a foundation in the basics of product management, as well as an understanding of the latest payment technologies. This knowledge is essential for developing payment products and services that meet the needs of customers and deliver value to organizations.
Marketing Manager
Marketing Managers are responsible for developing and implementing marketing campaigns for their organizations. The course on The Future of Payment Technologies provides Marketing Managers with a foundation in the basics of marketing, as well as an understanding of the latest payment technologies. This knowledge is essential for developing marketing campaigns that promote payment products and services and drive customer adoption.
Sales Manager
Sales Managers are responsible for leading and managing sales teams for their organizations. The course on The Future of Payment Technologies provides Sales Managers with a foundation in the basics of sales, as well as an understanding of the latest payment technologies. This knowledge is essential for developing sales strategies that effectively promote payment products and services and close deals.
Customer Success Manager
Customer Success Managers are responsible for ensuring that customers are satisfied with their products and services. The course on The Future of Payment Technologies provides Customer Success Managers with a foundation in the basics of customer success, as well as an understanding of the latest payment technologies. This knowledge is essential for developing customer success strategies that help customers get the most value from their payment products and services.
Business Analyst
Business Analysts are responsible for analyzing business processes and recommending improvements. The course on The Future of Payment Technologies provides Business Analysts with a foundation in the basics of business analysis, as well as an understanding of the latest payment technologies. This knowledge is essential for developing business analysis reports that identify opportunities to improve payment systems and processes.
IT Manager
IT Managers are responsible for planning, implementing, and managing IT systems for their organizations. The course on The Future of Payment Technologies provides IT Managers with a foundation in the basics of IT management, as well as an understanding of the latest payment technologies. This knowledge is essential for developing IT strategies that support the adoption and implementation of new payment technologies.

Reading list

We've selected nine books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in The Future of Payment Technologies.
Explores the history and impact of Bitcoin and other cryptocurrencies.
Provides a clear and concise explanation of blockchain technology and its potential applications.
Tells the story of Bitcoin and the people who created it.
Explores the monetary history of Bitcoin and its potential as a store of value.
Provides an overview of blockchain technology and its potential applications.

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