ISO 12812-1:2017

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Core banking - Mobile financial services - Part 1: General framework

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ISO 12812-1:2017

Core banking - Mobile financial services - Part 1: General framework

PUBLISH DATE 2017
ISO 12812-1:2017

ISO 12812-1:2017 defines the general framework of mobile financial services (payment and banking services involving a mobile device), with a focus on:

  • a) a set of definitions commonly agreed by the international financial industry;
  • b) the opportunities offered by mobile devices for the development of such services;
  • c) the promotion of an environment that reduces or minimizes obstacles for mobile financial service providers who wish to provide a sustainable and reliable service to a wide range of customers (persons and businesses), while ensuring that customers' interests are protected;
  • d) the different types of mobile financial services accessed through a mobile device including mobile proximate payments, mobile remote payments and mobile banking, which are detailed in other parts of ISO 12812;
  • e) the mobile financial services supporting technologies;
  • f) the stakeholders involved in the mobile payment ecosystems.

ISO 12812-1:2017 includes the following informative annexes:

  • an overview of other standardization initiatives in mobile financial services (Annex A);
  • a description of possible mobile payment business models (Annex B);
  • a description of typical payment instruments which may be used (Annex C).
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