5-Day Payment Tokenization Deep-Dive Training Program - Toronto - New York

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Location

A Deep Dive into Payments Tokenization:
Leveraging, Productizing and Monetizing Tokens

Prices shown above reflect early bird pricing, which is 10% off the regular price. Early bird pricing ends on March 4 for Toronto and April 1 for New York. REGISTER TODAY!

Scheduled Course Dates¹
New York: March 25 - 29, 2024
Toronto: April 22 - 26, 2024
New York: May 27 - 31, 2024

Course Code: SPA-24

Highlights

Tokenization can add significant value to your business, OR it can disintermediate you from your customers. Which will it be? This 5 day deep dive into tokenization provides:

a business oriented introduction to tokenization
a monetization road map for new products and service offerings

Why a course on Payments Tokenization, and why now?

The product and service plans of merchants, corporates, issuers and processors depend on those organizations’ understanding of how payments tokenization works and how to manage the positive and negative impacts of tokenization on their businesses.

Retail Payments Tokenization has been available for some time. However, the current tokenization offerings and technologies are only the first generation of a very powerful payments management capability.

Tokenization can add significant value to your business
Properly implemented, tokenization can enable a much closer and more focused relationship between merchants, corporates, processors, issuers and their clients.

Or, Tokenization can disintermediate you from your customers
Conversely, failure to properly manage payments tokenization services by third parties is an existential threat to your organization’s control over key customer data.

This 5-day deep dive² provides both a business planning and product strategy focus on payments tokenization, designed to support decision making by merchants, corporates, issuers and processors on two key questions:

Does payments tokenization warrant serious consideration by the organization?
Should the organization invest significant resources in a tokenization capability?

Aim of the Course:

This 5 day deep dive into tokenization provides:

a business oriented introduction to tokenization
a monetization road map for new products and service offerings

The business oriented introduction to tokenization addresses how it works, who the key stakeholders are and the roles they play in controlling the business and data generated by payments tokenization. Key stakeholders include leading vendor and outsource solutions, with a focus on the card scheme offerings. Of particular importance is the generation and control of the additional business data generated by tokenization (hint: there are options for businesses to take further control of their payments through appropriately structured tokenization services).

The road map for monetization of payments tokenization into new products and service offerings by merchants, processors, corporates and issuers focuses on how tokenization works in terms of data models, processes and operating environments, and therefore how stakeholders can use payments tokenization to increase their value propositions (hint: the stakes are high, with significant new payments product wins and losses for stakeholders in the payments ecosystem).

By the end of this comprehensive training program, delegates will be able to undertake in-depth analyses of tokenization in the context of their organization, enabling them to make informed decisions on the adoption and use (or not) of payments tokenization in their payment environment.

Learning Outcomes:

By the end of this course delegates will be able to:

Identify the relevance of payments tokenization to their organization
Define the true business drivers behind payments tokenization
Map how tokenization services fit within the payments ecosystem
Evaluate the market readiness for the adoption of payments tokenization services
Identify the key players in the tokenization ecosystem
Define a business case and SWOT analysis for their organization
Describe how tokens function within the payments environment
Specify core business processes, system processes and organizational responsibilities in the context of their organization
Define the legal implications of tokenization
Identify new tokenization business apps
Enumerate tokenization market potential
Evaluate the costs, benefits and business cases for tokenization
Identify important implementation considerations
Undertake go/no go decision making

Who Should Attend:

This course is specifically designed for organizations that must make a decision as to whether they should invest or further invest in their payments tokenization capabilities. The key consideration in the design of this training program is ‘How organizations can monetize Payments Tokenization'.

Bank Strategic decision makers
Digital system architects
Banking services development team
Merchant System Operations
Process engineering team
System Network Architects
Product Development
Product Management and Marketing
Fraud Detection department
Mobile Wallet design specialists
IT and Technical Departments

Course Overview

Day 1 – Why Payments Tokenization?

The potential of payments tokenization

Improved fraud, security and much more
Compliance and regulation
New product opportunities

The importance of payments tokenization

A history of payments tokenization
Stakeholder value propositions
The high stakes for payments stakeholders

What business needs to know

The lifecycle of a payments token
Tokenization in the payments ecosystem
Introducing the tokenization data model

Lessons learned in adopting tokenization

Upsides, downsides, opportunities, risks
The winners and the losers
Key players and enabling technologies

Day 2 – The Business of Payments Tokenization

The market potential for tokenization

Canada as an example marketplace
Market factors for cardholder buy in
Market challenges for end user concerns

The key players in tokenization

Leading vendors, services and technologies
The card schemes and their competitors
In house and outsource options

Monetizing payments tokenization

Current and emerging use cases
Global adoption models, status and trends
Lessons learned from implementations

Getting to a business case for tokenization

The end market perspective
Liability, compliance and risk
The high stakes SWOT outline

Day 3 – The Process of Tokenization

The six party payments ecosystem
The seven stakeholders in tokenization
Tokenization in the payments ecosystem
Token requesting stakeholder roles
Token provisioning stakeholder roles
Token processing stakeholder roles
Token requesting system processes
Token provisioning system processes
Token processing system processes
Taxonomy of tokenization offerings
Software and services vendors
Card scheme tokenization deconstructed

Day 4 – The System of Tokenization

Token types and intelligence
Token functions and lifecycles
Next generation tokens beyond payments
In house, outsource operations continuum
Tokenization data model
Security in the tokenization architecture
Token compliance, standards and protocols
Who contracts with who, for tokenization
Token services fees and liability
Mobile payments tokens use cases
Card on file payments tokens use cases
Card present payments tokens use cases

Day 5 – The Business of Tokenization

The global market perspective
Key conditions for market success
Positioning in the market segments
Managing expanded data and logic
Monetizing fraud control and security
Enabling new products and services
The business case for

Merchants
Issuers
Processors

Questions and decisions by

Merchants
Issuers
Processors

CONCLUSION: The high stakes for payments stakeholders

Approach:

In delivering these training programs we aim for an immersive experience in which delegates can apply the information and skills gained during the course in their organizational contexts. The training program includes at least four hands-on exercises each day to provide delegates with the opportunity to reinforce their learnings and ensure that the learning outcomes are achieved.

Students will receive a course workbook and completion certificate at the conclusion of this course.

Credits

SPA-24: A 5-Day – Payments Tokenization Deep-Dive course, is brought to you by Secure Payments Academy, in partnership with Technology Strategies International Inc. and VCS Technologies Inc.

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^{1. We reserve the right to reschedule or cancel the course if we have insufficient registrations for the course. Delegates will be have the option of registering for the newly scheduled dates or a full refund, at their sole discretion.}
^{2. This course provides a deep dive into payments tokenization over a five day in-depth program. Delegates can also cover the topics through two separate breakout courses – a two day session focused on the business context for payments tokenization and a separate three day session focused on the monetization of payments tokenization. See our training catalog for details.}