University of Belgrade, Faculty of organizational sciences

Department for e-business

Payment systems in electronic business

Study programTeachersCourse statusSemesterESPB
E-businessDušan Barać, Snežana KneževićElective16

Course content

Theoretical classes

Digital transformation and electronic business in the financial industry. Financial data exchange standards. ISO 20022. Payment systems in e-business ecosystems. Electronic payment infrastructure. Pay cards. Standards and security of card business. EMV. Card devices. Wholesale payment systems. Clearing systems. RTGS. FEDWIRE, AHC, CHIPS. TARGET2, SEPA (Single Euro Payments Area), non-SEPA. Instant payment systems. Regulatory frameworks. PSD2 (Payment Service Directive 2). SWIFT. Security in e-payment systems. Authentication in payment systems. 3D secure. PCI DSS. E-payment instruments. Open Banking. Payment-as-a-service model. Mobile and contactless payments. Mobile payment technologies. Google pay, Apple pay, Alipay. Digital wallets. Virtual currencies and cryptocurrencies. Crowdfunding. Interoperability in payment systems. B2B payments. Innovations in e-payment systems.

Practical teaching

Analysis of payment systems and services in electronic stores. Implementation and integration of payment modules within e-commerce applications. PayPal. Strip. Payoneer. Integration with PayPal system. Integration with bank payment gateways. Implementation of two-factor authentication. Mobile payment services and applications. Digital wallets. Open Banking APIs.

The aim of the course

The primary goal of the course is to acquaint students with different electronic payment systems and ways to integrate them into electronic business systems.

Course outcome

Students are trained to apply and integrate different payment systems in e-business ecosystems.

Literatura

1.B. Radenković, M. Despotović-Zrakić, Z. Bogdanović, D. Barać, A. Labus, E-business, ISBN 978-86-7680-304-0; Faculty of Organizational Sciences, Belgrade, 2015.
2. Blokdyk, G. (2020). Open Banking A Complete Guide – 2020 Edition, 5STARCooks, ASIN: B085BZRBSL
3. Arslanian, H. & Fischer, F. (2019). The Future of Finance: The Impact of FinTech, AI, and Crypto on Financial Services, Publisher: Palgrave Macmillan; 1st ed. 2019 edition, ASIN: B07VC3TGLQ
4. Materials in e-form, from the website https://developer.paypal.com/docs/
5. Materials in e-form, from the e-learning portal moodle.elab.fon.bg.ac.rs