BS PD ISO/TS 12812-4:2017

BS PD ISO/TS 12812-4:2017 provides comprehensive requirements and recommendations, as well as specific usecases for implementation of interoperable mobile payments-to-persons.The emphasis is placed on the principles governing the operational functioning of mobile payments-topersonssystems 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).This document includes the following items:

• requirements applicable to mobile payments-to-persons;
• recommendations regarding mechanisms involved in the operation of interoperable mobilepayments-to-persons;
• a description of the different use cases for mobile payments-to-persons;
• a generic interoperability model for the provision of different mobile payments-to-persons;
• recommendations for the technical implementation of the generic architectures for the mobilepayments-to-persons program;
• recommendations for mobile remittances;
• use cases with the corresponding transaction flows;
• discussion of the financial inclusion of unbanked and underbanked persons (Annex A);
• some legal aspects to consider for mobile payments-to-persons (Annex B).

Cross References:ISO 12812-1ISO 12812-2:2017ISO 12812-5ISO 12812-3ISO/IEC 18092