{"id":641755,"date":"2024-11-06T01:25:06","date_gmt":"2024-11-06T01:25:06","guid":{"rendered":"https:\/\/pdfstandards.shop\/product\/uncategorized\/iso-ts-12812-42017\/"},"modified":"2024-11-06T01:25:06","modified_gmt":"2024-11-06T01:25:06","slug":"iso-ts-12812-42017","status":"publish","type":"product","link":"https:\/\/pdfstandards.shop\/product\/publishers\/iso\/iso-ts-12812-42017\/","title":{"rendered":"ISO\/TS 12812-4:2017"},"content":{"rendered":"

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>\n

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>\n

ISO\/TS 12812-4:2017 includes the following items:<\/p>\n

a) requirements applicable to mobile payments-to-persons;<\/p>\n

b) recommendations regarding mechanisms involved in the operation of interoperable mobile payments-to-persons;<\/p>\n

c) a description of the different use cases for mobile payments-to-persons;<\/p>\n

d) a generic interoperability model for the provision of different mobile payments-to-persons;<\/p>\n

e) recommendations for the technical implementation of the generic architectures for the mobile payments-to-persons program;<\/p>\n

f) recommendations for mobile remittances;<\/p>\n

g) use cases with the corresponding transaction flows;<\/p>\n

h) discussion of the financial inclusion of unbanked and underbanked persons (Annex A);<\/p>\n

i) some legal aspects to consider for mobile payments-to-persons (Annex B).<\/p>\n

ISO\/TS 12812-4:2017 is structured as follows:<\/p>\n

– Clause 6 sets forth the requirements that a mobile payments-to-persons program must comply with.<\/p>\n

– Clauses 7, 8 and 9 provide the different levels of implementation for the interoperability of mobile payments-to-persons.<\/p>\n

– Clause 7 describes the interoperability principles for mobiles payments-to-persons.<\/p>\n

– Clause 8 describes:<\/p>\n

    \n
  1. a three-layer high-level architecture for mobile payments-to-persons programs;<\/li>\n
  2. payments instruments sustained by these programs;<\/li>\n
  3. processing details for a series of significant use cases of mobile payments-to-persons using these payment instruments.<\/li>\n<\/ol>\n

    – 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>\n","protected":false},"excerpt":{"rendered":"

    Core banking \u2014 Mobile financial services \u2014 Part 4: Mobile payments-to-persons<\/b><\/p>\n\n\n\n\n
    Published By<\/td>\nPublication Date<\/td>\nNumber of Pages<\/td>\n<\/tr>\n
    ISO<\/b><\/a><\/td>\n2017-03<\/td>\n46<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"featured_media":641771,"template":"","meta":{"rank_math_lock_modified_date":false,"ep_exclude_from_search":false},"product_cat":[75,2634],"product_tag":[],"class_list":{"0":"post-641755","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-03-060","7":"product_cat-iso","9":"first","10":"instock","11":"sold-individually","12":"shipping-taxable","13":"purchasable","14":"product-type-simple"},"_links":{"self":[{"href":"https:\/\/pdfstandards.shop\/wp-json\/wp\/v2\/product\/641755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pdfstandards.shop\/wp-json\/wp\/v2\/product"}],"about":[{"href":"https:\/\/pdfstandards.shop\/wp-json\/wp\/v2\/types\/product"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pdfstandards.shop\/wp-json\/wp\/v2\/media\/641771"}],"wp:attachment":[{"href":"https:\/\/pdfstandards.shop\/wp-json\/wp\/v2\/media?parent=641755"}],"wp:term":[{"taxonomy":"product_cat","embeddable":true,"href":"https:\/\/pdfstandards.shop\/wp-json\/wp\/v2\/product_cat?post=641755"},{"taxonomy":"product_tag","embeddable":true,"href":"https:\/\/pdfstandards.shop\/wp-json\/wp\/v2\/product_tag?post=641755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}