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PD ISO/TS 12812-5:2017

Current
Current

The latest, up-to-date edition.

Core banking. Mobile financial services Mobile payments to businesses
Available format(s)

Hardcopy , PDF

Language(s)

English

Published date

04-30-2017

Foreword
Introduction
1 Scope
2 Normative references
3 Terms and definitions
4 Requirements of a mobile payments-to-businesses system
5 Types of mobile payments
6 Payment instruments
7 Use cases
8 Requirements in the consumer environment
Annex A (informative) - Host card emulation
Annex B (informative) - Procedures for redress and dispute resolution
Bibliography

Describes mechanisms by which a person ('consumer', 'payer' or 'business') uses a mobile device to initiate a payment to a business entity ('merchant' or 'payee').

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. ISO12812 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 ISO12812‑4 is intended for potential implementers of solutions for mobile payments to persons.

NOTE ISO12812‑1:2017, 5.4 explains the differences in the use of these terms. As such, the ISO12812 (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.??

Committee
IST/12
DocumentType
Standard
Pages
66
PublisherName
British Standards Institution
Status
Current

Standards Relationship
ISO/TS 12812-5:2017 Identical

ISO/TS 12812-2:2017 Core banking — Mobile financial services — Part 2: Security and data protection for mobile financial services
ISO/IEC TR 14516:2002 Information technology Security techniques Guidelines for the use and management of Trusted Third Party services
ISO/IEC 18004:2015 Information technology Automatic identification and data capture techniques QR Code bar code symbology specification
ISO/IEC 21481:2012 Information technology Telecommunications and information exchange between systems Near Field Communication Interface and Protocol -2 (NFCIP-2)
IEEE 802.11-2016 IEEE Standard for Information technology--Telecommunications and information exchange between systems Local and metropolitan area networks--Specific requirements - Part 11: Wireless LAN Medium Access Control (MAC) and Physical Layer (PHY) Specifications
ISO/TS 12812-4:2017 Core banking — Mobile financial services — Part 4: Mobile payments-to-persons
ISO 10003:2007 Quality management Customer satisfaction Guidelines for dispute resolution external to organizations
ISO 12812-1:2017 Core banking — Mobile financial services — Part 1: General framework
ISO 10002:2014 Quality management Customer satisfaction Guidelines for complaints handling in organizations
ISO/IEC 18092:2013 Information technology — Telecommunications and information exchange between systems — Near Field Communication — Interface and Protocol (NFCIP-1)
ISO/TS 12812-3:2017 Core banking — Mobile financial services — Part 3: Financial application lifecycle management
ISO 18245:2003 Retail financial services — Merchant category codes

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