ISO/TS 12812-4:2017

Core banking — Mobile financial services — Part 4: Mobile payments-to-persons

Publication date:   Mar 28, 2017

General information

90.93 Standard confirmed   Oct 5, 2020


ISO/TC 68/SC 9 Information exchange for financial services

Technical Specification

03.060   Finances. Banking. Monetary systems. Insurance



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ISO/TS 12812-4:2017 provides comprehensive requirements and recommendations, as well as specific use cases for implementation of interoperable mobile payments-to-persons.
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).
ISO/TS 12812-4:2017 includes the following items:
a) requirements applicable to mobile payments-to-persons;
b) recommendations regarding mechanisms involved in the operation of interoperable mobile payments-to-persons;
c) a description of the different use cases for mobile payments-to-persons;
d) a generic interoperability model for the provision of different mobile payments-to-persons;
e) recommendations for the technical implementation of the generic architectures for the mobile payments-to-persons program;
f) recommendations for mobile remittances;
g) use cases with the corresponding transaction flows;
h) discussion of the financial inclusion of unbanked and underbanked persons (Annex A);
i) some legal aspects to consider for mobile payments-to-persons (Annex B).
ISO/TS 12812-4:2017 is structured as follows:
- Clause 6 sets forth the requirements that a mobile payments-to-persons program must comply with.
- Clauses 7, 8 and 9 provide the different levels of implementation for the interoperability of mobile payments-to-persons.
- Clause 7 describes the interoperability principles for mobiles payments-to-persons.
- Clause 8 describes:

a three-layer high-level architecture for mobile payments-to-persons programs;
payments instruments sustained by these programs;
processing details for a series of significant use cases of mobile payments-to-persons using these payment instruments.

- 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.

Life cycle


ISO/TS 12812-4:2017
90.93 Standard confirmed
Oct 5, 2020