Swipe, dip, tap, click.
For consumers, the payment process is simple. But the truth is…there’s a lot to it.
Enter: Payology.
Launched today, Payology is a crash course that educates readers on everything they’d ever want to know about payments (and more) by breaking the information up into four easy-to-follow—dare we say fun?—modules:
- Module 1: Who’s who, and what do they do?
- Module 2: How the payment businesses make money
- Module 3: Making payments happen at the point of sale
- Module 4: Making payments innovation come alive
Each module offers up visual slides, storytelling narratives and helpful videos from industry-specific mentors, who explain what they wish they’d known before taking a deep dive into the payment ecosystem. For example, developers can’t avoid Payment Card Industry (PCI) compliance, but it can help them understand the ways to help smooth out the process. (If all of this sounds like gibberish, don’t fret—Payology breaks it down from start to finish to help everyone—from the money spender to the money receiver—understand the different parts of the payment web).
The real fun begins once a true understanding of the space has been established. Beyond just laying the groundwork, Payology was developed to help illuminate the payment areas that still need improvement and ultimately bolster innovation. Whether it’s improving functionality, solving existing points of friction or complementing how payments already work inside of apps and platforms, there’s always more to be done.
Payology is produced by industry expert PYMNTS.com. The work is sponsored by the Visa Developer platform to help clients, partners and developers accelerate innovation. To learn more about Visa’s powerful APIs, integrated tools and expert support visit the Visa Developer Center.
