This tutorial focuses on payments products, which often form part of a cash management product suite that banks offer to their corporate customers. The tutorial explains the payments process, the key features of that process, and the issues that can arise during pre-payment processing and post-authorization. This is followed by detailed coverage of the main payments products such as debit and credit transfers, standing orders, bulk payments, cross-border payments, checks, and card payments. The product risks that can arise when using electronic payments and checks – and the ways to mitigate these risks – are discussed, and we conclude by looking at the business risk associated with the emergence of nonbank competitors and new products.

Objectives
On completion of this tutorial, you will be able to:
- Identify the key elements of the payments process and the key features of payments systems
- Recognize the various payments products and the factors that influence the choice of payment product
- Identify the key risks associated with the provision of payments products and how these risks can be managed

Topic 1: Payments Processing
Topic 2: Payments Products
Topic 3: Product Risks