View Unit : Payment Processing Principles

Unit

Unit Reference Number

R/601/2716

Qualification Framework

QCF

Title

Payment Processing Principles

Unit Level

Level 2

Unit Sub Level

None

Guided Learning Hours

Unit Credit Value

Date of Withdrawal

SSAs

15.1 Accounting and Finance, 15.2 Administration, 15.3 Business Management, 15.4 Marketing and Sales, 15.5 Law and Legal Services

Unit Grading Structure

Pass

Assessment Guidance

None

Learning Outcomes and Assessment Criteria

Learning Outcome - The learner will:		Assessment Criterion - The learner can:
1	Understand how to process payment transactions.	1.1	Outline the information required to process a payment transaction.
		1.2	Describe how to collect transaction details from a range of customers, including those with particular requirements.
		1.3	Describe how to check and validate information provided in accordance with organisational and legal requirements.
		1.4	Describe how to confirm transactions when authorisation criteria have been met in accordance with organisational requirements.
2	Understand how to identify and resolve problems in relation to payment transactions.	2.1	Describe how to seek further information where discrepancies are identified or transactions can not be approved in accordance with organisational requirements.
		2.2	Outline the circumstances and procedure when a transaction is referred to a manager.
		2.3	Outline any legal requirements, industry regulations, professional codes and organisational policies in relation to payment transactions.
3	Understand how to accurately record payment transactions.	3.1	Describe how to accurately record payment transactions in accordance with organisational requirements.

Equivalent Units

There are no equivalences to display.