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ITU-T Focus Group Digital Financial Services
Ecosystem
Definition The process of opening a provider account. Separate processes are used for consumers, merchants, agents, etc. A process used during a "pull" payment (such as a card pay- ment), when the payee requests (through their provider) confirmation from the payer's bank that the transaction is good. Receiving eMoney
done at an agent. account – typically done at an agent. holding payee. the end user's account record. payments. account.
Alternative and Related T erms KYC, Agent and Customer Due Diligence, Tiered KYC, Zero Tier
Enrolment, Agent Registration OTC, Mobile to Cash Clearing Agent Liquidity Management Onboarding Fraud Management
T erm
(continued) Registration Authorization Cash-In Cash-Out Over The Counter Services Posting Cash Management Merchant Acquisition Know Your Customer Risk Management
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