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BSI PD ISO/TS 12812-4:2017

BSI PD ISO/TS 12812-4:2017

$189.07

Core banking. Mobile financial services – Mobile payments-to-persons

Published By Publication Date Number of Pages
BSI 2017 50
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This document provides comprehensive requirements and recommendations, as well as specific use cases for implementation of interoperable mobile payments-to-persons.

The emphasis is placed on the principles governing the operational functioning of mobile payments-to-persons systems and processes, as well as the presentation of the underlying technical, organizational, business, legal and policy issues, leveraging legacy infrastructures of existing payment instruments (see ISO 12812‑1:2017, Annex C).

This document includes the following items:

  1. requirements applicable to mobile payments-to-persons;

  2. recommendations regarding mechanisms involved in the operation of interoperable mobile payments-to-persons;

  3. a description of the different use cases for mobile payments-to-persons;

  4. a generic interoperability model for the provision of different mobile payments-to-persons;

  5. recommendations for the technical implementation of the generic architectures for the mobile payments-to-persons program;

  6. recommendations for mobile remittances;

  7. use cases with the corresponding transaction flows;

  8. discussion of the financial inclusion of unbanked and underbanked persons (Annex A);

  9. some legal aspects to consider for mobile payments-to-persons (Annex B).

The document is structured as follows:

  • Clause 6 sets forth the requirements that a mobile payments-to-persons program must comply with.

  • Clauses 7, 8 and 9 provide the different levels of implementation for the interoperability of mobile payments-to-persons.

  • Clause 7 describes the interoperability principles for mobiles payments-to-persons.

  • Clause 8 describes:

    1. a three-layer high-level architecture for mobile payments-to-persons programs;

    2. payments instruments sustained by these programs;

    3. processing details for a series of significant use cases of mobile payments-to-persons using these payment instruments.

  • Clause 9 provides a step-by-step data flow description for different mobile payments-to-persons implementations: bank-centric, non-bank centric and card-centric. They can be mapped into the processing use cases of Clause 8, where abstraction is made in the nature of the payment service providers.

PDF Catalog

PDF Pages PDF Title
6 Foreword
7 Introduction
10 1 Scope
11 2 Normative references
3 Terms and definitions
12 4 Abbreviated terms
5 Specific characteristics for mobile payments-to-persons
5.1 General
5.2 Mobile payments-to-persons concepts
13 5.3 User expectations
5.4 Stakeholders involved in a mobile payments-to-persons program
5.4.1 Mobile financial service provider
5.4.2 Mobile network operator
5.4.3 Agent
5.4.4 Electronic money service provider
14 6 Requirements for mobile payments-to-persons
6.1 General
6.2 Device, network, and application selection requirements
6.2.1 General
6.2.2 Requirements
15 6.3 Logging requirements
6.3.1 General
6.3.2 Requirements
6.4 Notice requirements
6.4.1 General
6.4.2 Requirements
16 6.5 Authentication and authorization requirements
6.5.1 General
6.5.2 Requirements
7 Scenarios for interoperability
7.1 General
7.2 Scenario for interoperability 1
7.2.1 General
17 7.2.2 Three-corner model
7.2.3 Four-corner model
7.3 Scenario for interoperability 2 (cross-system payment)
18 7.4 Interoperability models for payment facilitation
7.4.1 General
7.4.2 Direct interoperability model
19 7.4.3 Common infrastructure
20 8 Implementation models
8.1 General
8.2 High-level architecture and network technologies
8.2.1 Layer 1: Infrastructure used to convey payment initiation and authorization messages
21 8.2.2 Layer 2: Common infrastructure used for payment facilitation
8.2.3 Layer 3: Value transfers and funds movement
8.3 Classification of mobile payments-to-persons
8.3.1 General
22 8.3.2 Mobile credit transfer payment
8.3.3 Mobile card payment
8.3.4 Electronic money transfer
8.4 Mobile remittances
23 8.5 High-level description for significant use cases
8.5.1 General
8.5.2 Mobile payments-to-persons by card
25 8.5.3 Payments-to-persons by credit transfer
29 9 Detailed payments-to-persons transaction flows
9.1 General
9.2 Models for the processing of mobile payments-to-persons
30 9.3 Bank-centric payments-to-persons models
9.3.1 Split payment over the ACH system
32 9.3.2 Bank-centric single payment over the ACH system consortium model
34 9.4 Non-bank-centric models
9.4.1 General
35 9.4.2 Three-corner non-bank-centric methods funded by non-bank account
36 9.4.3 Split non-bank centric model funded by bank account
38 9.4.4 Three-corner non-bank-centric single model funded by bank account
39 9.5 Card-based payments
9.5.1 Processing functionalities
9.5.2 Detailed transaction flow
42 Annex A (informative) Financial inclusion for mobile payments-to-persons
44 Annex B (informative) Intra-jurisdictional versus inter-jurisdictional aspects for mobile payments-to-persons
45 Bibliography

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BSI PD ISO/TS 12812-4:2017
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