Units: CertPAY consists of two units.

Unit 1- principles of the payments industry (PPA)

• The structure of the industry and the component parts of payments
• The economic value and systemic importance of payments.
• The infrastructure of payments.

Unit 2- Payment Regulation, Risk and Compliance (PRC)

• Payment regulation and compliance
• The risks,data protection and system security associated within the payments industry

Fees:

• Registration fee: 640£
• Exam reset fee: 260£

Assessment:

CertPAY is assessed through a single 85-minute objective exam, split into two units.

• Unit 1 - PPA

35 multiple-choice questions
(40 mins)

• Unit 2 - PRC

25 multiple-choice questions and two case studies each with 5 linked questions
(45 mins)

You can choose which date to sit your exam at selected centres worldwide, with the result provided on the day. 

Candidates will have to book their exam with Pearson VUE when they are ready.

Candidates will receive all the necessary instructions once they are registered with LIBF.

All study material will be provided online.

For more informations please visit:  https://www.libf.ac.uk/