PD ISO/TS 12812-4:2017

Core banking. Mobile financial services. Mobile payments-to-persons | Status: Confirmed, Current

1 Scope 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. a) requirements applicable to mobile payments-to-persons;
2. b) recommendations regarding mechanisms involved in the operation of interoperable mobile payments-to-persons;
3. c) a description of the different use cases for mobile payments-to-persons;
4. d) a generic interoperability model for the provision of different mobile payments-to-persons;
5. e) recommendations for the technical implementation of the generic architectures for the mobile payments-to-persons program;
6. f) recommendations for mobile remittances;
7. g) use cases with the corresponding transaction flows;
8. h) discussion of the financial inclusion of unbanked and underbanked persons (Annex A);
9. i) 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. 1) a three-layer high-level architecture for mobile payments-to-persons programs;
  2. 2) payments instruments sustained by these programs;
  3. 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.