BS PD ISO/TS 12812-5:2017

BS PD ISO/TS 12812-5:2017 focuses on mechanisms by which a person ("consumer", "payer" or "business") usesa mobile device to initiate a payment to a business entity ("merchant" or "payee"). Such a paymentmay use the traditional merchant point of interaction (POI) system, where the manner of settling thepayment follows well-established merchant services paradigms. Additionally, there are other waysfor a consumer to make a payment to a merchant, using the mobile device to initiate, authorize andprocess transactions outside of traditional payment networks using secure payment instruments.Accordingly, this document supports both "push" and "pull" payments (i.e. transactions that are pushedor transmitted from a mobile device into a POI or pulled or received into a mobile device or POI), whichare initiated and/or confirmed by a consumer to purchase goods and or services, including proximatepayments, 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 toauthenticate 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 thetransfer of funds regardless of who is involved in the process. This document is intended to be used bypotential implementers of mobile retail payment solutions, while ISO 12812-4 is intended for potentialimplementers 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 (allparts) seeks to support all possible technologies and is not designed to highlight or endorse specific technologiesin the competitive marketplace.Although this document deals with mobile payments made by a consumer or a business acting as aconsumer, which transactions are subject to a variety of consumer protection requirements, in terms ofthe relationship to the MFSP, the consumer (or business) is the customer of the MFSP. Nevertheless, thisdocument will use the term "consumer."Cross References:ISO 12812-1ISO/TS 12812-2ISO/TS 12812-3ISO/IEC 18004 ISO/IEC 18092ISO/IEC 21481ISO 8583ISO 9564ISO 10002 ISO 10003ISO/TS 12812-4ISO 18245ISO 20022ISO/IEC 14443ISO/IEC/TR 14516EPC 492.09EPC 178-10IEEE 802.11