<p>ISO/TS 12812-4:2017 provides comprehensive requirements and recommendations, as well as specific use cases for implementation of interoperable mobile payments-to-persons.</p>
<p>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).</p>
<p>ISO/TS 12812-4:2017 includes the following items:</p>
<p>a) requirements applicable to mobile payments-to-persons;</p>
<p>b) recommendations regarding mechanisms involved in the operation of interoperable mobile payments-to-persons;</p>
<p>c) a description of the different use cases for mobile payments-to-persons;</p>
<p>d) a generic interoperability model for the provision of different mobile payments-to-persons;</p>
<p>e) recommendations for the technical implementation of the generic architectures for the mobile payments-to-persons program;</p>
<p>f) recommendations for mobile remittances;</p>
<p>g) use cases with the corresponding transaction flows;</p>
<p>h) discussion of the financial inclusion of unbanked and underbanked persons (Annex A);</p>
<p>i) some legal aspects to consider for mobile payments-to-persons (Annex B).</p>
<p>ISO/TS 12812-4:2017 is structured as follows:</p>
<p>- Clause 6 sets forth the requirements that a mobile payments-to-persons program must comply with.</p>
<p>- Clauses 7, 8 and 9 provide the different levels of implementation for the interoperability of mobile payments-to-persons.</p>
<p>- Clause 7 describes the interoperability principles for mobiles payments-to-persons.</p>
<p>- Clause 8 describes:</p>
<ol>
<li> a three-layer high-level architecture for mobile payments-to-persons programs;</li>
<li> payments instruments sustained by these programs;</li>
<li> processing details for a series of significant use cases of mobile payments-to-persons using these payment instruments.</li>
</ol>
<p>- 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.</p>
Registration number (WIID)
59847
Scope
<p>ISO/TS 12812-4:2017 provides comprehensive requirements and recommendations, as well as specific use cases for implementation of interoperable mobile payments-to-persons.</p>
<p>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).</p>
<p>ISO/TS 12812-4:2017 includes the following items:</p>
<p>a) requirements applicable to mobile payments-to-persons;</p>
<p>b) recommendations regarding mechanisms involved in the operation of interoperable mobile payments-to-persons;</p>
<p>c) a description of the different use cases for mobile payments-to-persons;</p>
<p>d) a generic interoperability model for the provision of different mobile payments-to-persons;</p>
<p>e) recommendations for the technical implementation of the generic architectures for the mobile payments-to-persons program;</p>
<p>f) recommendations for mobile remittances;</p>
<p>g) use cases with the corresponding transaction flows;</p>
<p>h) discussion of the financial inclusion of unbanked and underbanked persons (Annex A);</p>
<p>i) some legal aspects to consider for mobile payments-to-persons (Annex B).</p>
<p>ISO/TS 12812-4:2017 is structured as follows:</p>
<p>- Clause 6 sets forth the requirements that a mobile payments-to-persons program must comply with.</p>
<p>- Clauses 7, 8 and 9 provide the different levels of implementation for the interoperability of mobile payments-to-persons.</p>
<p>- Clause 7 describes the interoperability principles for mobiles payments-to-persons.</p>
<p>- Clause 8 describes:</p>
<ol>
<li> a three-layer high-level architecture for mobile payments-to-persons programs;</li>
<li> payments instruments sustained by these programs;</li>
<li> processing details for a series of significant use cases of mobile payments-to-persons using these payment instruments.</li>
</ol>
<p>- 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.</p>
