ISO/TS 12812-4:2017
Current
The latest, up-to-date edition.
Core banking — Mobile financial services — Part 4: Mobile payments-to-persons
Hardcopy , PDF
English
28-03-2017
ISO/TS 12812-4:2017 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).
ISO/TS 12812-4:2017 includes the following items:
a) requirements applicable to mobile payments-to-persons;
b) recommendations regarding mechanisms involved in the operation of interoperable mobile payments-to-persons;
c) a description of the different use cases for mobile payments-to-persons;
d) a generic interoperability model for the provision of different mobile payments-to-persons;
e) recommendations for the technical implementation of the generic architectures for the mobile payments-to-persons program;
f) recommendations for mobile remittances;
g) use cases with the corresponding transaction flows;
h) discussion of the financial inclusion of unbanked and underbanked persons (Annex A);
i) some legal aspects to consider for mobile payments-to-persons (Annex B).
ISO/TS 12812-4:2017 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:
- a three-layer high-level architecture for mobile payments-to-persons programs;
- payments instruments sustained by these programs;
- 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.
| DevelopmentNote |
Supersedes ISO/DIS 12812-4. (03/2017)
|
| DocumentType |
Technical Specification
|
| Pages |
36
|
| ProductNote |
THIS STANDARD ALSO REFERS TO ISO 12812-3, ISO 12812–2:2017, ISO 12812–5
|
| PublisherName |
International Organization for Standardization
|
| Status |
Current
|
| Standards | Relationship |
| PD ISO/TS 12812-4:2017 | Identical |
| IS/ISO/TS 12812 : Part 4 : 2017 | Identical |
| PD ISO/TS 12812-2:2017 | Core banking. Mobile financial services Security and data protection for mobile financial services |
| ISO/TS 12812-2:2017 | Core banking — Mobile financial services — Part 2: Security and data protection for mobile financial services |
| PD ISO/TS 12812-3:2017 | Core banking. Mobile financial services Financial application lifecycle management |
| ISO 12812-1:2017 | Core banking — Mobile financial services — Part 1: General framework |
| PD ISO/TS 12812-5:2017 | Core banking. Mobile financial services Mobile payments to businesses |
| ISO/TS 12812-3:2017 | Core banking — Mobile financial services — Part 3: Financial application lifecycle management |
| BS ISO 12812-1:2017 | Core banking. Mobile financial services General framework |
| ISO/TS 12812-5:2017 | Core banking — Mobile financial services — Part 5: Mobile payments to businesses |
| ISO 12812-1:2017 | Core banking — Mobile financial services — Part 1: General framework |
| ISO/IEC 18092:2013 | Information technology — Telecommunications and information exchange between systems — Near Field Communication — Interface and Protocol (NFCIP-1) |
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