Page 98 - ITU-T Focus Group Digital Financial Services – Technology, innovation and competition

ITU-T Focus Group Digital Financial Services
Technology, Innovation and Competition

8 Payment planning

Payment planning is the customer’s ability to establish future payments which support the following scenarios:

• Upon receipt of an eInvoice;
• upon entry of specific data;
• with business and user configurable reminders being issued:

• to advise the transaction is due;
• to advise the transaction is due without sufficient funds;

• to advise the transaction has concluded.

9 Trigger management

The platform can also initiate specific tasks primarily in response to a time-based event. The platform supports
at minimum: Modification of accounts based on a change in age (e.g. parent/child accounts upon reaching
the age of 18); transaction flows initiated upon an account reaching various configurable funding levels (max
and min, as well as multiple levels in between either as a percentage or a specific value) i.e. automatically
top-up airtime if balance is below 2USD; transaction flows initiated at a specific date in month i.e. a date set
in payment planning.

10 Payment instrument vault

A PCI-DSS compliant database capturing all the information for methods of payments a customer has registered
(i.e. cards, direct debits, etc.). The database also includes all the information on the channels and methods a
customer needs to manage the service.

11 Compliance management

This platform should support: Accurate compliance monitoring and reporting; surveillance, detection, and
event correlation i.e. alerting if a server cabinet is accessed and creates a potential exposure for PCI DSS, but
cross-referenced to an authorised repair incident; a consolidated repository of all compliance libraries – i.e.
risk and controls mapping to processes captured in BPM tool; managing the full cycle of new and changing
regulations; lower regulatory risk through cross-channel coverage.

12 Payment capability
Payment capability provides the logic to manage how a transaction needs to be processed – using either
business rules to match payment instruments with accepted methods of payment, or issuing a request for the
consumer to select from their available options - direct to bill, direct debit, eMoney ledger, or cards. Payment
capability also facilitates one-off or subscription-based transactions.

Payment capability can also have the ability to split a transaction into multiple flows, i.e. split payment
authorisation, associated offers and coupons, and fraud validation of the transaction. Then reconsolidate to
provide an authorisation or rejection.

13 Limit management

The platform could allow for configuration of the following parameters on a per instance level: Minimum
transferred amount per transaction; Maximum transferred amount per transaction; Minimum remaining
balance after transaction including taxes and service fees (where applicable); Maximum number of transactions
per day. There could be an option to set this limit for transfers from each type of balance (airtime, mobile
wallet, linked bank account).

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