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BSI PD ISO/TS 12812-5:2017

BSI PD ISO/TS 12812-5:2017

$198.66

Core banking. Mobile financial services – Mobile payments to businesses

Published By Publication Date Number of Pages
BSI 2017 66
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This document focuses on mechanisms by which a person (“consumer”, “payer” or “business”) uses a mobile device to initiate a payment to a business entity (“merchant” or “payee”). Such a payment may use the traditional merchant point of interaction (POI) system, where the manner of settling the payment follows well-established merchant services paradigms. Additionally, there are other ways for a consumer to make a payment to a merchant, using the mobile device to initiate, authorize and process transactions outside of traditional payment networks using secure payment instruments. Accordingly, this document supports both “push” and “pull” payments (i.e. transactions that are pushed or transmitted from a mobile device into a POI or pulled or received into a mobile device or POI), which are initiated and/or confirmed by a consumer to purchase goods and or services, including proximate payments, remote secure server payments, as well as mobile payments that leverage other technologies [e.g. cloud computing, quick response (“QR”) codes, biometrics, geo-location and other methods to authenticate and authorize the transaction].

One of the most important aspects of the MFS environment is mobile payments to businesses. There are many ways a consumer, or a business as a consumer, can make a payment to a merchant. ISO 12812 provides a comprehensive standard for using the mechanisms involved in mobilizing the transfer of funds regardless of who is involved in the process. This document is intended to be used by potential implementers of mobile retail payment solutions, while ISO 12812‑4 is intended for potential implementers of solutions for mobile payments to persons.

NOTE ISO 12812‑1:2017, 5.4 explains the differences in the use of these terms. As such, the ISO 12812 (all parts) seeks to support all possible technologies and is not designed to highlight or endorse specific technologies in the competitive marketplace.

Although this document deals with mobile payments made by a consumer or a business acting as a consumer, which transactions are subject to a variety of consumer protection requirements, in terms of the relationship to the MFSP, the consumer (or business) is the customer of the MFSP. Nevertheless, this document will use the term “consumer.”

PDF Catalog

PDF Pages PDF Title
6 Foreword
7 Introduction
9 1 Scope
2 Normative references
10 3 Terms and definitions
4 Requirements of a mobile payments-to-businesses system
4.1 Device, network and application selection requirements
11 4.2 Security requirements
4.3 Logging requirements
12 4.4 Notice requirements
4.5 Receipt requirements
4.6 Data privacy requirements
13 5 Types of mobile payments
5.1 Mobile proximate payments
14 5.2 Mobile remote payments
5.3 Other mobile payments technologies
5.3.1 Quick response (QR) based payments
5.3.2 Mobile payments through short messaging service (SMS)
5.3.3 Mobile payments through mobile airtime
5.3.4 Mobile wallet
15 6 Payment instruments
16 6.1 Direct debit
6.2 Credit transfer
6.3 Payment card
6.4 Other payment instruments
17 6.4.1 Mobile bill account
6.4.2 Stored value account (SVA)
7 Use cases
7.1 Proximate card payments use cases
7.1.1 User verification method
18 7.1.2 Single tap: Analysis of UVMs
22 7.1.3 Double tap: Analysis of UVMs
24 7.1.4 Mobile contactless payment transaction
34 7.1.5 Risk management in mobile proximate payments (MPPs)
39 7.1.6 Additional features
40 7.1.7 Interoperability and MPP service availability
41 7.2 Remote payments use cases
7.2.1 Mobile remote card payments
47 7.2.2 Mobile remote credit transfer
55 7.2.3 Mobile remote transactions using remote secured server
57 7.2.4 Interoperability model based on a centralized common infrastructure
58 7.2.5 Mobile remote payments using other payment instruments
59 7.2.6 Risk management in mobile remote payments (MRPs)
8 Requirements in the consumer environment
8.1 General
60 8.2 Requirements in the consumer environment
61 Annex A (informative) Host card emulation
62 Annex B (informative) Procedures for redress and dispute resolution
63 Bibliography

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BSI PD ISO/TS 12812-5:2017
$198.66