Payments

Mastering Payments Sales: Driving Value (P101-005)


Description

Course Description:

This comprehensive course is designed to equip sales professionals with an in-depth understanding of the dynamic payments industry. It delves into the industry's evolution over time, exploring the complex ecosystem that supports it, the various transaction flows that facilitate business, and the crucial regulatory frameworks that govern operations. Participants will gain practical knowledge essential for effectively selling a diverse array of solutions including issuing, acquiring, point of sale (POS) systems, switching, processing, digital payments, and payment gateways. The curriculum also focuses on important aspects such as client segmentation, identifying and addressing pain points, and employing effective sales techniques tailored to meet specific customer needs.

In addition to foundational knowledge, learners will develop advanced consultative sales skills that enable them to engage with clients thoughtfully and strategically. The course includes training on competitive positioning to help sales professionals differentiate their offerings in a crowded market. Participants will also learn critical skills in objection handling, allowing them to confidently address client concerns and convert challenges into opportunities. Furthermore, the course emphasizes proposal development, teaching learners how to craft compelling proposals that resonate with potential clients.

Long-term relationship management is another key focus area, ensuring that sales professionals are not only equipped to close deals but also to nurture and maintain enduring relationships with clients. This holistic approach aims to foster both growth and retention, ultimately leading to sustainable success in the payments industry. Through a blend of theoretical knowledge and practical application, participants will emerge as well-rounded professionals ready to excel in the ever-evolving landscape of payments.

Contact Us:: info@transactconnect.co.za Average Course Durat...: 48 Hours Time for Course Comp...: 30 Days

Content
  • Course Content
  • Introduction Video
  • Welcome Letter
  • Module 1 - Evolution of Payments & Industry Overview
  • Learning Objectives
  • Key Terms
  • Evolution of Payments
  • The Payments Ecosystem – Who’s Who
  • Industry Overview
  • Summary - Module 1
  • Module 2 - Payments Ecosystem & Transaction Flows
  • Learning Objectives
  • Key Terms
  • Acquiring vs. Issuing
  • The Payment Transaction Flow
  • Stakeholders in the Transaction Flow
  • Module 3 - Regulatory Frameworks & Compliance
  • Learning Objectives
  • Key Terms
  • Global and Local Regulations
  • Regional Frameworks
  • Compliance as a Sales Advantage
  • Module 4 - Client Segmentation
  • Learning Objectives
  • Key Terms
  • Why Segmentation Matters
  • Key Client Segments in Payments
  • Pain Points and Buying Motivations:
  • Mapping Solutions to Pain Points
  • Module 5 - Selling Core Payments Products
  • Learning Objectives
  • Key Terms
  • Outsourced Issuing
  • Outsourced Acquiring
  • Outsourced Processing
  • POS (Point of Sale) Solutions
  • Switching Services
  • Online Payment Gateways
  • Digital Wallets and QR Payments
  • Fraud and Compliance Tools
  • Module 6 - Selling Digital & Online Payment Solutions
  • Learning Objectives
  • Key Terms
  • Introduction to Digital & Online Payment Solutions
  • Types of Digital & Online Payment Solutions
  • Enabling Infrastructure for Online Payments
  • Customer Experience in Online Payments
  • Risk, Fraud, and Compliance in Digital Payments
  • Future Trends in Digital & Online Payments
  • Module 7: The Payments Sales Cycle & Techniques
  • Learning Objectives
  • Key Terms
  • The Payments Sales Lifecycle – Overview
  • Prospecting and Targeting in the Payments Sector
  • Discovery and Needs Assessment
  • Solution Mapping and Value Communication
  • Module 8 - Competitive Positioning & Value Selling
  • Learning Objectives
  • Key Terms
  • Understanding Competitive Positioning in Payments
  • Identifying Competitor Strengths and Weaknesses
  • Building a Compelling Value Proposition
  • Differentiation Strategies in the Payments Market
  • Value-Based Selling Fundamentals
  • Tailoring Value to Different Customer Segments
  • Articulating Value Through Storytelling
  • Sustaining Competitive Advantage
  • Module 9: Crafting Proposals & Sales Pitches
  • Learning Objectives
  • Key Terms
  • Understanding the Role of Proposals and Pitches
  • Structure and Components of a High-Impact Proposal
  • Crafting the Executive Summary
  • Aligning Solutions to Buyer Needs
  • Designing and Delivering Effective Pitches
  • Handling Objections and Closing the Pitch
  • Evaluation and Continuous Improvement
  • Module 10: Relationship Management & Client Growth
  • Learning Objectives
  • Key Terms
  • The Strategic Role of Relationship Management
  • The Relationship Lifecycle
  • Account Management Foundations:
  • Effective Communication & Engagement:
  • Handling Client Challenges & Service Recovery
  • Client Growth and Expansion
  • Tools, Data, and Technology in Relationship Management
  • Measuring Relationship Success
  • Course Evaluation
Completion rules
  • All units must be completed
  • Leads to a certificate with a duration: Forever