About this Course

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Flexible deadlines

Reset deadlines in accordance to your schedule.

Beginner Level

Approx. 10 hours to complete

Suggested: 16 hours/week...

English

Subtitles: English

What you will learn

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    Explain how current payment systems operate.

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    Describe inefficiencies in current practices in the processing of payments.

  • Check

    Relate new technological innovations to current inefficiencies.

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    Build value propositions for new technologies in the payment space.

Skills you will gain

processing paymentsPayment Processingpayment technologyValue PropositionsPayment Systems

100% online

Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Beginner Level

Approx. 10 hours to complete

Suggested: 16 hours/week...

English

Subtitles: English

Syllabus - What you will learn from this course

Week
1

Week 1

1 hour to complete

Introduction and What is FinTech?

1 hour to complete
2 videos (Total 14 min), 3 readings
2 videos
Fintech Innovations: Series Introduction8m
3 readings
Syllabus6m
Help Us Learn More About You!10m
Learning from a Case10m
Week
2

Week 2

2 hours to complete

Digital Wallets

2 hours to complete
6 videos (Total 46 min), 2 readings, 2 quizzes
6 videos
The Checking System and the Importance of Financial Intermediation7m
Electronic Fund Transfers Using Automated Clearing House (ACH)10m
Pure Digital Wallets8m
From Pure Wallet to Payment Ecosystem8m
Social-Network-Based Payment Innovations6m
2 readings
Case Reading: The FinTech Island Story10m
Case Reading: Let the Adventure Begin!10m
2 practice exercises
Case Discussion Participation5m
End of Module Quiz30m
Week
3

Week 3

2 hours to complete

Credit Card Innovations

2 hours to complete
6 videos (Total 47 min), 2 readings, 2 quizzes
6 videos
Credit Card Network: Key Stakeholders and Business Models9m
The credit card network: advantages and inefficiencies7m
Innovations that Make Credit Card Transactions More Secure4m
Innovations that Make Credit Card Transactions More Secure (con't)10m
Innovations that Expand Credit Cards’ Customer Base9m
2 readings
Case Reading: FinTech Island Continued10m
Case Reading: FinTech Island Continued10m
2 practice exercises
Case Discussion Participation5m
End of Module Quiz30m
Week
4

Week 4

2 hours to complete

Payment Technology in Emerging Markets

2 hours to complete
4 videos (Total 41 min), 2 readings, 2 quizzes
4 videos
M-Pesa: Business Model5m
M-Pesa: Business Model Continued6m
PayTech in India21m
2 readings
Case Reading: FinTech Island Wrap-Up10m
Course Feedback10m
2 practice exercises
Case Discussion Participation5m
End of Module Quiz30m
4.8
3 ReviewsChevron Right

Top reviews from The Future of Payment Technologies

By KBFeb 24th 2020

easy course, not too in depth, but provided an informative introduction to this subject

Instructors

Image of instructor, Robert Dittmar

Robert Dittmar 

Professor of Finance
Stephen M. Ross School of Business
Image of instructor, Andrew Wu

Andrew Wu 

Michael R. and Mary Kay Hallman Fellow​, Assistant Professor of Technology and Operations and Finance
Stephen M. Ross School of Business

About University of Michigan

The mission of the University of Michigan is to serve the people of Michigan and the world through preeminence in creating, communicating, preserving and applying knowledge, art, and academic values, and in developing leaders and citizens who will challenge the present and enrich the future....

About the Financial Technology (Fintech) Innovations Specialization

This specialization is intended to familiarize learners with a broad range of financial technologies. While finance has always been at the forefront of technological innovation, the financial industry is changing rapidly in the face of new technology. In the past, at the forefront of innovation in finance were central governments and financial institutions. Today, information technology firms and professionals are leading innovation in the financial industry. Our goal is to show learners the genesis and use cases of the technology. We hope to familiarize professionals sufficiently with the technology that they can utilize and adapt the technologies in their careers....
Financial Technology (Fintech) Innovations

Frequently Asked Questions

  • Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.

  • When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

More questions? Visit the Learner Help Center.