This course is part of the Financial Technology (Fintech) Innovations Specialization

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Robert Dittmar +1 more instructor

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Financial Technology (Fintech) Innovations SpecializationUniversity of Michigan

About this Course

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Discover the future of payment technology, from mobile payments to tokenization.
In this course, you will learn new ways of making payments from consumer-to-business (C2B), from consumer-to-consumer (C2C), and from business-to-business (B2B).

You will explore current payment system technologies to examine their strengths and weaknesses, and understand the ways technological innovation is changing these traditional systems.

You’ll learn about new front-end innovations like digital wallets and mobile payments and also discover back-end innovations like tokenization, mobile money, and new payment infrastructure.

Flexible deadlines

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Shareable Certificate

Earn a Certificate upon completion

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Course 1 of 4 in the

Financial Technology (Fintech) Innovations Specialization

Beginner Level

Approx. 7 hours to complete

English

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What you will learn

Explain how current payment systems operate.
Describe inefficiencies in current practices in the processing of payments.
Relate new technological innovations to current inefficiencies.
Build value propositions for new technologies in the payment space.

Skills you will gain

processing payments
Payment Processing
payment technology
Value Propositions
Payment Systems

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Course 1 of 4 in the

Financial Technology (Fintech) Innovations Specialization

Beginner Level

Approx. 7 hours to complete

English

Could your company benefit from training employees on in-demand skills?

Try Coursera for Business

Instructors

Instructor rating

4.72/5 (351 Ratings)

Robert Dittmar

Professor of Finance

Stephen M. Ross School of Business

70,725 Learners

4 Courses

Andrew Wu

Michael R. and Mary Kay Hallman Fellow, Assistant Professor of Technology and Operations and Finance

Stephen M. Ross School of Business

70,727 Learners

5 Courses

Offered by

University of Michigan

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Syllabus - What you will learn from this course

Content Rating98%(2,579 ratings)

Week1

Week 1

1 hour to complete

Introduction and What is FinTech?

1 hour to complete

2 videos (Total 14 min), 3 readings

Week2

Week 2

2 hours to complete

Digital Wallets

2 hours to complete

6 videos (Total 46 min), 2 readings, 2 quizzes

6 videos

Introduction to Fintech Innovations in the Payment Sector5mThe Checking System and the Importance of Financial Intermediation7mElectronic Fund Transfers Using Automated Clearing House (ACH)10mPure Digital Wallets8mFrom Pure Wallet to Payment Ecosystem8mSocial-Network-Based Payment Innovations6m

2 readings

Case Reading: The FinTech Island Story10mCase Reading: Let the Adventure Begin!10m

2 practice exercises

Case Discussion Participation5mEnd of Module Quiz30m

Week3

Week 3

2 hours to complete

Credit Card Innovations

2 hours to complete

6 videos (Total 47 min), 2 readings, 2 quizzes

6 videos

Origin of the Credit Card network5mCredit Card Network: Key Stakeholders and Business Models9mThe credit card network: advantages and inefficiencies7mInnovations that Make Credit Card Transactions More Secure4mInnovations that Make Credit Card Transactions More Secure (con't)10mInnovations that Expand Credit Cards’ Customer Base9m

2 readings

Case Reading: FinTech Island Continued10mCase Reading: FinTech Island Continued10m

2 practice exercises

Case Discussion Participation5mEnd of Module Quiz30m

Week4

Week 4

2 hours to complete

Payment Technology in Emerging Markets

2 hours to complete

4 videos (Total 41 min), 3 readings, 2 quizzes

Reviews

4.7

316 reviews

5 stars
78.17%
4 stars
19.13%
3 stars
1.76%
2 stars
0.21%
1 star
0.70%

TOP REVIEWS FROM THE FUTURE OF PAYMENT TECHNOLOGIES

by MSJan 5, 2023

A good and simple overview of the future of payment technologies. Would have been great to learn more in-depth about the Indian market case, which is so interesting.

by MBJun 18, 2020

If you want to understand how PayTechs make money this course is for you! Thanks Coursera and University of Michigan for this amazing course. Really valuable knowledge!

by YWMar 1, 2020

This course is the best course I have ever taken. If you have no idea about what is FinTech, you should take this course, which will give you a comprehensive overview.

by VNMay 15, 2020

Great course! It gives a very good overview of the different payment systems, how it works, and its pros and cons. The quizzes are really good. I am thankful to the lecturer and the university!

View all reviews

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.

Frequently Asked Questions

When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I subscribe to this Specialization?
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.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

More questions? Visit the Learner Help Center.

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The Future of Payment Technologies

About this Course

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Skills you will gain