E-Payment from edX

Electronic payments have become an integral part of our daily lives. This in-depth course is designed to give students a thorough grasp of various e-payment systems, their underlying technology, and the security measures and regulations that ensure their safe and efficient use.

Students will learn about credit cards, third-party payment gateways (PayPal and Stripe), mobile payment systems (Alipay, WeChat Pay, Google Pay, Samsung Pay using NFC), and cryptocurrencies (Bitcoin, Ethereum, Central Bank Digital Currency (CBDC)), and more in this course. They will gain insight into the security mechanisms and cryptographic protocols used to protect these systems, such as encryptions, TLS/SSL, HTTPS, digital signatures, hash functions, and digital certificates. Selected examples will be used to demonstrate how these technologies are used in these e-payment systems.

Finally, how various e-payment systems, including existing bitcoin and the upcoming CBDC, will interact with Web3 and the metaverse will be discussed. Students will also learn about e-payment and cryptocurrency-based technology regulatory concerns and governance, as well as impending industry developments. ~~~~

What's inside

Learning objectives

After completing this course the learner will be able to:
Identify and understand the various types of e-payment systems and their associated technologies.
Describe the security mechanisms, working principles used to protect e-payment systems.

Explain selected technologies and their role in e-payment systems.
Recognize the protocols involved in the technical governance of e-payment and cryptocurrency-based systems.
Analyze and assess various regulatory challenges and governance of e-payment and cryptocurrency-based technology from the technology and legal perspectives.

After completing this course the learner will be able to:
Identify and understand the various types of e-payment systems and their associated technologies.
Describe the security mechanisms, working principles used to protect e-payment systems.
Explain selected technologies and their role in e-payment systems.
Recognize the protocols involved in the technical governance of e-payment and cryptocurrency-based systems.
Analyze and assess various regulatory challenges and governance of e-payment and cryptocurrency-based technology from the technology and legal perspectives.

Traffic lights

Read about what's good

what should give you pause

and possible dealbreakers

Explores electronic payments, a core concept in finance

Covers various e-payment systems such as credit cards, mobile payments, and cryptocurrencies

In-depth examination of security measures used in e-payment systems

Taught by experts Siu Ming Yiu and Douglas Arner

Insights into future trends in e-payment technology

Lays the foundation for understanding the interplay between e-payment systems and Web3

Reviews summary

E-payment: broad overview & regulatory insights

According to learners, this course offers a highly comprehensive overview of various e-payment systems, from traditional methods to cutting-edge technologies like blockchain and CBDCs. Many find the instructor's explanations clear and accessible, particularly for complex topics such as security mechanisms and regulatory frameworks. Students working in fintech, banking, and finance largely appreciate its strong professional relevance. While generally well-received for its breadth, some note it provides a foundational understanding rather than a deep technical dive, which might leave some seeking more advanced implementation details or hands-on practice. There's a mixed view on content freshness, with some suggesting a need for deeper coverage on emerging topics like Web3.

Mixed views on currency; some topics need more detailed updates.

"My main feedback would be that some parts on newer topics like metaverse payments felt a little rushed, and could benefit from more detailed updates."

"The course is generally fine, but some of the material felt a bit outdated, particularly when discussing some older mobile payment systems."

"The content was mostly relevant and up-to-date, covering key areas like mobile payments and the basics of cryptocurrencies."

Offers broad foundation, but some desire deeper technical insight.

"I felt some sections, especially on Web3, could have gone deeper."

"The course covers a lot of ground, but it feels a bit introductory. I was hoping for more advanced insights, especially regarding the technical implementation details."

"It's a good introductory course, but don't expect deep dives. I was hoping for more technical details... Useful for a general overview, but not for developers."

Complex concepts are explained with great clarity.

"The instructor explained complex concepts like encryption and digital signatures very clearly."

"The clarity of explanations for complex legal and technical aspects was impressive."

"I found the course very informative... The instructor explained cryptography in an accessible way."

Explores a wide array of e-payment systems and technologies.

"This course provided an incredibly comprehensive overview of e-payment systems, from traditional credit cards to the latest in blockchain and CBDCs."

"Excellent course for understanding the ecosystem of e-payments. The module on CBDCs was particularly enlightening."

"The course covers a lot of ground, addressing various payment systems and their underlying technologies."

Highly valuable for professionals in finance and tech.

"As someone working in banking, this course filled many gaps in my understanding of the underlying technologies of e-payments."

"The discussions on regulatory frameworks were invaluable. A must-take for finance professionals."

"The course provided valuable insights into the regulatory challenges and governance. This was a critical component for my professional development."

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 E-Payment with these activities:

Review Blockchain protocols

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Get a refresher on essential blockchain concepts to build a stronger foundation for the course.

Browse courses on Blockchain

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Review public key cryptography
Review hash functions
Review consensus mechanisms

Read 'Mastering Bitcoin' by Andreas M. Antonopoulos

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Gain deep insights into the technical foundations and practical applications of Bitcoin.

View Mastering Bitcoin: Programming the Open... on Amazon

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Read Chapters 1-3
Read Chapters 4-6
Read Chapters 7-9

Create a personal learning repository

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Maximize your learning by organizing and reviewing course materials in a structured repository.

Browse courses on Note-Taking

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Choose a preferred method of note-taking
Create a dedicated folder or notebook
Organize notes based on topic or module

Five other activities

Expand to see all activities and additional details

Show all eight activities

Join a study group for e-payment systems

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Engage with peers and exchange perspectives to enhance your understanding of e-payment systems.

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Find or form a study group
Set regular meeting times
Prepare discussion topics and questions

Enroll in an Ethereum online course

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Supplement your theoretical knowledge with practical hands-on experience in Ethereum development.

Browse courses on Ethereum

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Enroll in the course
Complete the introductory modules
Build a basic smart contract

Mentor a junior student in e-payment systems

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Share your understanding with others while reinforcing your own knowledge.

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Identify a junior student who is struggling
Offer your support and guidance

Write a blog post on a specific e-payment system

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Deepen your understanding of a particular e-payment system by explaining it to others.

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Choose a specific e-payment system
Research and gather information
Structure your blog post
Write and edit your content

Design an e-payment system for a local business

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Apply your knowledge to a real-world scenario by proposing an e-payment system for a local business.

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Identify a local business without an e-payment system
Research their needs and pain points
Design a custom e-payment system using what you learned
Include a detailed implementation plan

Career center

Learners who complete E-Payment will develop knowledge and skills that may be useful to these careers:

CEO

Chief Executive Officers (CEOs) are responsible for overseeing the overall operations of a company. They work with senior management to develop and implement corporate strategy. This course may be useful for CEOs because it can help them develop a deeper understanding of e-payment systems, which are increasingly important in the business world.

See salaries and explore the career path for CEO

CTO

Chief Technology Officers (CTOs) are responsible for overseeing the technology strategy of a company. They work with senior management to develop and implement technology solutions. This course may be useful for CTOs because it can help them develop a deeper understanding of e-payment systems, which are increasingly important in the technology industry.

See salaries and explore the career path for CTO

CIO

Chief Information Officers (CIOs) are responsible for overseeing the information technology (IT) strategy of a company. They work with senior management to develop and implement IT solutions. This course may be useful for CIOs because it can help them develop a deeper understanding of e-payment systems, which are increasingly important in the IT industry.

See salaries and explore the career path for CIO

COO

Chief Operating Officers (COOs) are responsible for overseeing the day-to-day operations of a company. They work with senior management to develop and implement operational strategies. This course may be useful for COOs because it can help them develop a deeper understanding of e-payment systems, which are increasingly important in the operations of a company.

See salaries and explore the career path for COO

Blockchain Developer

Blockchain developers design and build blockchain applications. They use their knowledge of computer science and cryptography to create secure and efficient blockchain systems. This course may be useful for blockchain developers because it can help them develop a deeper understanding of e-payment systems, which are increasingly built on blockchain technology.

See salaries and explore the career path for Blockchain Developer

Cybersecurity Analyst

Cybersecurity analysts protect computer systems from cyber attacks. They use their knowledge of computer security to identify and prevent security breaches. This course may be useful for cybersecurity analysts because it can help them develop a deeper understanding of e-payment systems, which are increasingly targeted by cyber attacks.

See salaries and explore the career path for Cybersecurity Analyst

Data Scientist

Data scientists use data to solve business problems. They use their knowledge of statistics and machine learning to analyze data and develop predictive models. This course may be useful for data scientists because it can help them develop a deeper understanding of e-payment systems, which generate a large amount of data that can be used to improve decision-making.

See salaries and explore the career path for Data Scientist

Product Manager

Product managers are responsible for managing the development and launch of new products. They work with engineers, designers, and marketers to bring new products to market. This course may be useful for product managers because it can help them develop a deeper understanding of e-payment systems, which are increasingly important in the product development process.

See salaries and explore the career path for Product Manager

Sales Manager

Sales managers are responsible for leading and managing sales teams. They work with sales representatives to develop and implement sales strategies. This course may be useful for sales managers because it can help them develop a deeper understanding of e-payment systems, which are increasingly used in the sales process.

See salaries and explore the career path for Sales Manager

Forensic Accountant

Forensic accountants investigate financial crimes, such as fraud and money laundering. They use their knowledge of accounting and auditing to analyze financial data and track down criminals. This course may be useful for forensic accountants because it can help them develop a deeper understanding of e-payment systems, which are increasingly used in the forensic accounting industry.

See salaries and explore the career path for Forensic Accountant

Financial Analyst

Financial analysts study investments and provide advice on how to invest money. They use their knowledge of economics, finance, and accounting to analyze financial data and make recommendations on which investments to buy or sell. This course may be useful for financial analysts because it can help them develop a deeper understanding of e-payment systems, which are increasingly important in the financial industry.

See salaries and explore the career path for Financial Analyst

Investment Banker

Investment bankers help companies raise money by issuing stocks or bonds. They also advise companies on mergers and acquisitions. This course may be useful for investment bankers because it can help them develop a deeper understanding of e-payment systems, which are increasingly used in the investment banking industry.

See salaries and explore the career path for Investment Banker

Commercial Banker

Commercial bankers provide financial services to businesses. They help businesses with things like managing their cash flow, obtaining loans, and investing their money. This course may be useful for commercial bankers because it can help them develop a deeper understanding of e-payment systems, which are increasingly used in the commercial banking industry.

See salaries and explore the career path for Commercial Banker

Central Banker

Central bankers are responsible for managing the monetary policy of a country. They set interest rates and regulate the banking system. This course may be useful for central bankers because it can help them develop a deeper understanding of e-payment systems, which are increasingly important in the central banking industry.

See salaries and explore the career path for Central Banker

Auditor

Auditors examine financial records to make sure that they are accurate and complete. They also make sure that companies are following all applicable laws and regulations. This course may be useful for auditors because it can help them develop a deeper understanding of e-payment systems, which are increasingly used in the auditing industry.

See salaries and explore the career path for Auditor