FREE
A 6-week, 3-module online course. This is a paced course, which is offered twice a year. It is one of three specialized streams leading to IIPS Certification.Â
*Students who have passed the IIPS Foundations exam are eligible to enroll in this course.
Start Date
6 April 2023
Duration
6 weeks
Delivery
Online, in our digital classroom
This course aims to equip business or operational specialists on IIP system design teams with the knowledge to answer these questions:
- How do current market conditions (problem definition, participant incentives, customer demand, existing initiatives) affect the choices in timing and planning of an IIPS launch?
- To achieve inclusive and interoperable outcomes, what needs to be considered in IIPS design with regards to scheme governance, operations, and economics, and why?
- What options are there for ownership, participation, operations, final settlement, product design, and fee setting?
Course Schedule
Week 1: Assessing Market Readiness for IIPS
What is interoperability and an IIPS?
Why do we need IIPS now?
IIPS in the context of existing payment systems and initiatives
Identify existing market actors and their potential role in IIPS
Regulatory landscape and the Regulator’s role
Week 2: Planning the IIPS Program
Onboarding stakeholders and aligning resources
Agreeing on a shared vision (IIPS design principles)
IIPS key choices
IIPS design process
IIPS success criteria
Week 3: Ownership, Governance and Participation Models
IIPS governance: the 3 key layers
Scheme ownership
Scheme rules
Scheme membership
Indirect participation
Week 4: Operational and Settlement Models
Scheme operations
Switch operations
Overlay services
Settlement models
Technology ownership models
Week 5: Economic Models
Scheme incentives and business case
Impact on customer fees
Interparty fees
Use case unit economics
Participant incentives and business case
Week 6: Go-To-Market Approaches
Australia
Mexico
Philippines
Jomopay Jordan
Cross border: SADC and SEPA