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Best payment processor certifications
The best certifications for a payment processor are Certified Medical Office Manager (CMOM), Certified Management Accountant (CMA), and International Accredited Business Accountant (IABA).
Payment processor certifications demonstrate your competency as a payment processor to employers. However, not all payment processor certifications provide the same value.
Below is a list of the best payment processor certifications. Obtaining a payment processor certification will give you a leg up when you apply for jobs and increase your potential salary.
5 best certifications for payment processors
| Rank | Payment processor certification | Organization |
|---|---|---|
| 1 | Certified Medical Office Manager (CMOM) | PMI |
| 2 | Certified Management Accountant (CMA) | IMA |
| 3 | International Accredited Business Accountant (IABA) | ACAT |
| 4 | Nationally Certified Medical Office Assistant (NCMOA) | NCCT |
| 5 | Nationally Certified Insurance and Coding Specialist (NCICS) | NCCT |
5 best payment processor certifications
1. Certified Medical Office Manager (CMOM)
Experienced medical office professionals with exceptional administrative skills are eligible to sit for the Certified Medical Office Manager (CMOM) exam. To attain CMOM certification, all candidates must demonstrate a high level of knowledge in financial management, managed care contracting, personnel, and time management. Risk management, medical record keeping and facility management issues should also be mastered.
- More than two years of education or training after high school required? No
- More than two years of work experience required? No
- Oral or written exam required? Yes
- Renewal required?
2. Certified Management Accountant (CMA)
The CMA (Certified Management Accountant) is the advanced professional certification specifically designed to measure the accounting and financial management skills that drive business performance.
- More than two years of education or training after high school required? Yes
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required? Every 1 year(s)
3. International Accredited Business Accountant (IABA)
ACAT seeks to ensure that all accredited individuals possess both the theoretical knowledge and the practical knowledge necessary to be successful practitioners. For that reason, candidates for accreditation must satisfy an experience requirement before becoming fully credentialed: three years of related work experience, up to two of which may be satisfied through college credit. Related work experience includes verifiable experience in accounting, financial services, or other field requiring a practical and theoretical knowledge of the subject matter covered on the ACAT Comprehensive Examination for the International Accredited Business Accountant. Those who pass the exam but who have not met the experience requirement may market themselves as having passed the ACAT Comprehensive Examination for International Accredited Business Accountant, but are not entitled to use the IABA designation.
- More than two years of education or training after high school required? No
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required? No
4. Nationally Certified Medical Office Assistant (NCMOA)
Medical Office Assistants typically perform administrative duties for health care providers in office settings, although some may also perform basic clinical tasks (as allowed by state laws). Their responsibilities will vary by employer, but may include answering telephones, greeting patients, updating and filing medical records, completing insurance forms, handling correspondence, scheduling appointments, and handling billing or bookkeeping.
- More than two years of education or training after high school required? No
- More than two years of work experience required? No
- Oral or written exam required? Yes
- Renewal required? Every 1 year(s)
5. Nationally Certified Insurance and Coding Specialist (NCICS)
The Insurance and Coding Specialist can find a rewarding position as a health insurance claims processor or coder in a medical office practice. The Examination content areas include medical billing procedures, insurance claims processing, medical terminology, CPT coding, ICD-9-CM Coding, and HCPCS Level II coding.
- More than two years of education or training after high school required? No
- More than two years of work experience required? No
- Oral or written exam required? Yes
- Renewal required? Every 1 year(s)
What is the best certification for a payment processor?
The best payment processor certification is Certified Medical Office Manager (CMOM). The Certified Medical Office Manager (CMOM) is awarded by the Practice Management Institute. The advanced certification is for more experienced employees as it often requires some work experience to acquire.
Here's a bit more background on how to obtain this payment processor certification:
- To become a certified Certified Medical Office Manager (CMOM), you need to pass the exam.
- Lucky you - certification doesn't require more than two years of work experience.
- Renew certification every year.
The most common combination of payment processor certifications include: Certified Medical Office Manager (CMOM), Certified Management Accountant (CMA), and International Accredited Business Accountant (IABA).
Online courses for payment processors to earn certifications
1. Financial Accounting & Excel-Comprehensive Accounting Course
Comprehensive accounting course to learn the accounting cycle in a practical way and pick up critical Excel fundamentals...
2. Financial Accounting-Adjusting Entries & Financial Statement
Master Adjusting Entries & Financial Statements: A Comprehensive Guide for Accurate Accounting and Reporting...
3. Financial Accounting-Debits & Credits-Accounting Transaction
Masterclass: Learn Accounting Principles, Financial Statements, Transactions & More in this Comprehensive Course...
4. Principles of Financial Accounting
Learn the complete accounting cycle -recording business transactions to presenting the Balance Sheet & Income Statement...
5. Financial Accounting - Subsidiary Ledgers & Special Journals
Mastering Special Journals and Subsidiary Ledgers: A Comprehensive Guide to Streamlined Accounting Practices...
6. Accounting & Financial Statement Analysis: Complete Training
Accounting & Financial Ratio Analysis made easy. Learn important accounting skills that will get your foot in the door!...
7. Financial Accounting: The Complete Introductory Crash Course
Learn the Basics of Financial Accounting: Financial Statements, Debits and Credits, The Accounting Cycle and More!...
8. Accounting basics, create financial statements easily
Discover, develop, practice your financial information and explore the world of accounting...
9. Recurring Digital Payment, PayPal, ACH(NACHA/Direct Debit)
Business oriented course - ACH(NACHA/BACS) Direct Debit Digital Payments, Pay Pal...
10. Accounting, Bookkeeping & Financial Analysis (Accounting)
Accounting & Bookkeeping Basics. Accounting & Financial Analysis Concepts. Learn Accounting & Bookkeeping...
11. Financial Statement Auditing Cycles
In this course, we learn how public accountants plan and execute an audit...
12. Introductory Financial Accounting
Learn the basics of Accounting including: the accounting cycle, inventory, depreciation, receivables, and more!...
13. Financial Accounting: A Comprehensive Guide with E-book
Unlock Financial Accounting Mastery: Comprehensive Course for Students, Professionals, and Business Owners...
14. Accounting Made Easy: A Quick Guide to Financial Accounting
Accounting is not about Math, it is about concepts. And no one said it has to be hard. Learn the basics in just 2 hours!...
15. Advanced Financial Accounting: Acquisitions & Consolidations
Acquisitions, Consolidations, and Reporting. Master complex concepts and applications...
16. ACCA: FA (F3) Financial Accounting
Let's get to grasps of how to perform the basics of financial accounting...
17. Accounting & Bookkeeping Masterclass - Beginner to Advanced
Accounting, Bookkeeping Introduction, Accounting, Bookkeeping Entries, Accounting, Bookkeeping Adjustments & Reports...
18. Excel Accounting Problem
Learn How to Create an Accounting Worksheet Using Microsoft Excel from a Certified Public Accountant (CPA)...
19. Financial Bookkeeping and Accountancy: Complete Accounting
A Complete Course on Book-keeping & Accounting Course For Level 1 & 2 aspirants...
20. Financial Accounting - Closing Process
Conquering the Closing Process: A Thorough Exploration of the Final Step in Accounting...