Payment Processing Job Description

Payment Processing Job Description

174 votes for Payment Processing
Payment processing provides leadership and direction to Business Operations staff by setting goals, objectives, performance criteria, and departmental standards.

Payment Processing Duties & Responsibilities

To write an effective payment processing job description, begin by listing detailed duties, responsibilities and expectations. We have included payment processing job description templates that you can modify and use.

Sample responsibilities for this position include:

Three (3) years of knowledge in HMO PPO/Commercial, Medicare or Medicaid/Government payers or business office setting
Advanced Excel & Access Database skills, Macro experience a plus
Application of short sale funds to prepare a loan for liquidation
Monitoring No-Master suspense, identifying funds belonging to borrower that the system posts to No-Master suspense
Identifying rejected payments from all processes using Synergy Reports
Working with Reconciliations to timely clear rejected payments from the Payment Clearing Account
Accurately processing and closing all fundamental loan level tasks
Independently researching and resolving outstanding debits and credits in the payment clearing reconciliation
Taking routine incoming calls, research/resolve issues or forward to the appropriate party for resolution
Reconciling Western Reports to remotely printed Western Union payments

Payment Processing Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Payment Processing

List any licenses or certifications required by the position: CITF, CDCS, ISTQB, PCI

Education for Payment Processing

Typically a job would require a certain level of education.

Employers hiring for the payment processing job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Associate Degree in Accounting, Education, Business, Finance, Associates, Computer Science, MBA, Technical, Business/Administration, Management

Skills for Payment Processing

Desired skills for payment processing include:

Microsoft Word and Microsoft Excel
10-key calculator
Business office setting
HMO PPO/Commercial
MS Packages
Managed care contracting matrix for the payment methodologies
Medicaid/Government payers

Desired experience for payment processing includes:

Working directly with the vendor and request for retransmission of checks when checks do not balance to the reports
Facilitating the notification to various internal departments of the Western Union rejects, post or return as advised
Training co-workers and beginning payment processors in basic job functions, such as check scanning
Processing military allotments as received
Balancing the entire department's daily deposit to the Federal Reserve Bank, checking system totals, and closing batches left open by other departments and vendors (Wipro)
Processing payments using the SWIFT based payments system

Payment Processing Examples


Payment Processing Job Description

Job Description Example
Our growing company is looking for a payment processing. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for payment processing
  • Ensuring the escalation of operational, regulatory and other risks to Line Manager and Functional Leads as appropriate
  • Using knowledge and experience from your own area of responsibility to inform the design and implementation of strategies to eliminate waste and improve efficiency and performance of existing processes and reports
  • Working effectively within your own team, providing support and guidance to colleagues in order to create and foster an environment of continuous improvement
  • An appreciation of good quality service
  • Payments experience (beneficial)
  • A Hungarian speaker (beneficial)
  • Directly leads managers
  • Knowledge of Oracle OBIEE reporting a plus
  • Experience with reporting including
  • Assessing and identifying service consumer needs
Qualifications for payment processing
  • Ability to work and prioritize in a fast paced environment
  • Strong business process and technical acumen and ability
  • Demonstrated 360 degree leadership and ability to effectively build relationships and collaborate with key business partners within and outside the organization, including driving creation of a shared vision and facilitating high-performing teams
  • Exceptional communication skills, effective with a variety of audiences
  • Exceptional change leadership experience and capability
  • Previous experience in auto finance or banking operations preferred

Payment Processing Job Description

Job Description Example
Our company is looking for a payment processing. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for payment processing
  • Documenting requirements critical to achieving business objectives
  • Identifying and establishing project scope based on requirements analysis in order to define impact, outcome criteria, and measure-taking actions
  • Ensure a solution satisfies the needs and interests of consumers and dependent services
  • Assemble, analyze, and generate high quality functional specifications for technical teams to work from
  • Performing various project management-related tasks on an as-needed basis
  • Documenting and managing internal meetings on an as-needed basis
  • Optimizing and improving requirements gathering and documentation processes based on best-practices
  • Diffuse problems and put forward solutions that are in the best interest of the company and employees
  • Supervise staff that is responsible for processing all utility payment exceptions and return payment processing
  • Leads the management of collection teams, activities and processes to significantly reduce outstanding arrears and uncollectible accounts to targeted levels
Qualifications for payment processing
  • Knowledge of Chase Auto Finance (CAF) operating systems such as CALS, ALS, VLS, Recovery One, iCAF and QUEST a plus
  • 3+ years’ experience in defining software functional specifications for a software product, working closely with both the User Experience and the Development teams
  • A university degree in Computer Science or Business Administration or equivalent work experience
  • 5+ years working in a professional services environment or within an industry vertical in a business systems planning role
  • Experienced in using Epics and User Stories, data-flow diagrams, entity-relationship diagrams, state-transition diagrams, class diagrams, decision tables, sequence diagrams
  • Proficiency in various software requirements methodologies, in particular SCRUM and Kanban

Payment Processing Job Description

Job Description Example
Our company is looking for a payment processing. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for payment processing
  • Directs the financial analysis, management information, monthly reporting and presentations to Senior Management in order to agree and meet annual budgets, performance goals and forecasts
  • Meet the expectations of regulatory updates, negotiations and initiatives for the development of public policy, regulations, and services regarding the customer, low income and special needs consumers
  • Recruit, motivate and develop an operational team in order to maximize flexibility and effectiveness and promote positive team working and cultural change
  • Establish and agree key performance targets and financial budgets in the short and long term in order to optimize business performance and reduce debt in line with set objectives
  • Develop processes and review collections policies in order to ensure they are in line with strategic business objectives and integrated with Customer, Information Systems (IS) and finance functions
  • Determine, agree and improve contractual requirements/Service Level Agreements with agencies and suppliers in order to meet service specifications and deliver against business objectives
  • Review and challenge existing policies and processes to ensure they are compliant and fit for purpose in predicting and mitigating arrears and bad debt
  • Lead the management of the payment processing department in order to ensure high levels of quality, performance and customer satisfaction across processing and recording, policy setting, exceptions/special case processing, coordination internally and externally to ensure management and control processes
  • Translates and communicates business results and activities to a broad audience internally and externally
  • Reviews the overall compliance activities for all payment methods
Qualifications for payment processing
  • Experienced in organizing & presenting complex information in simple visual models
  • Technical experience in web or software development, with a demonstrated understanding of micro service architecture, system integration, hardware integration and embedded systems
  • Strong communication and problem solving skills and the ability to meet deadlines in a fast paced environment required
  • Independent worker able to move projects forward with little guidance
  • Knowledge and experience in identifying data / information requirements
  • Comfortable in a customer / business facing role

Payment Processing Job Description

Job Description Example
Our company is searching for experienced candidates for the position of payment processing. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for payment processing
  • Defines the multi-year roadmap, success metrics, and go to market strategy for payment solutions related to transaction processing services delivered through the networks and/or our processors or integrators
  • Make sure that design is aligned with Group policies and industry practices, , Regulatory requirements
  • Write test cases and test the IT deliveries before users, in order to verify conformity to the specifications , non-regression
  • The Program Manager is responsible for the coordinated management of multiple related projects, and in many cases, ongoing operations which are directed toward a common objective
  • Design, develop, plan and implement test strategies covering various applications within our Acquiring Processing Platform
  • Conduct and coordinate test runs both manually and automated
  • Develop and master new test frameworks for automated functional and integration tests as part of our overall continuous testing strategy
  • Extend and maintain existing test automation suites
  • Write and review test documentation
  • Present test results and approve releases based on your recommendation
Qualifications for payment processing
  • Knowledge of Chase Auto Finance systems a plus
  • Able to articulate in a positive and proactive manner how to herd cats and extract water from a stone
  • Retail payment processing software experience
  • Experience with payment technology such as integrating VeriFone or Ingenico terminals
  • Understanding and experience with the banking industry or other FinTech solutions
  • ECommerce payments

Payment Processing Job Description

Job Description Example
Our company is searching for experienced candidates for the position of payment processing. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for payment processing
  • Working with the client to define, plan, and manage execution of systems implementation/conversion projects
  • Building and leading a team of internal resources to plan and execute the conversion
  • Candidate will be expected to manage multiple projects with various degrees of complexity within a desired timeframe
  • Measure, manage, and communicate project plan and exceptions on a timely basis
  • Interacts with clients and their vendors to define project requirements and timelines
  • Presents product solutions
  • Completes required project artifacts
  • Assists in the in the coordination of additional suppliers
  • Assists in tracking and managing issue resolution
  • Responds to phone inquiries
Qualifications for payment processing
  • Good PC and data entry skills
  • Point-of-sale software or practical experience
  • 5+ years software development practice
  • Product lifecycle and release management
  • PCI certification experience
  • API design and implementation experience

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