Page 20 - A2A-interoperability_Online
P. 20
options to acHieVe a2a interoperiBility
STRENGTHS WEAKNESSES
relatively fast to deploy Very low value transactions are not currently routed through acH – unknown
impact
Bank integration becomes simplified
mobile money transactions would be included with other bank transactions for
Banks would process mobile money transactions through acH as a standard
bill payment (needs validating) settlement, may be more time consuming to reconcile and audit
may introduce additional costs both from partner bank and acH (over time)
extension to existing framework between mmo schemes and partner Bank
transaction reversal requests are much harder, no specific contract between
acH may be cheaper than a commercial processor for banks
mmo and beneficiary Bank
unknown ability of acH to handle additional transaction volumes
user experience for sending money from bank account to mobile wallet
account is undefined
acH may not be real time – which introduces settlement delay associated with
overnight or intraday settlement for scheme to bank transfers
Table 4: Partner Bank to National ACH Strengths and Weaknesses
this approach may be faster for mmo schemes to reach all bank accounts than the bilateral agreements approach introduced previously.
However, there are significant elements of the approach that are undefined, or depend on the market context, so this approach repre-
sents an increase in risk relative to other options.
17
STRENGTHS WEAKNESSES
relatively fast to deploy Very low value transactions are not currently routed through acH – unknown
impact
Bank integration becomes simplified
mobile money transactions would be included with other bank transactions for
Banks would process mobile money transactions through acH as a standard
bill payment (needs validating) settlement, may be more time consuming to reconcile and audit
may introduce additional costs both from partner bank and acH (over time)
extension to existing framework between mmo schemes and partner Bank
transaction reversal requests are much harder, no specific contract between
acH may be cheaper than a commercial processor for banks
mmo and beneficiary Bank
unknown ability of acH to handle additional transaction volumes
user experience for sending money from bank account to mobile wallet
account is undefined
acH may not be real time – which introduces settlement delay associated with
overnight or intraday settlement for scheme to bank transfers
Table 4: Partner Bank to National ACH Strengths and Weaknesses
this approach may be faster for mmo schemes to reach all bank accounts than the bilateral agreements approach introduced previously.
However, there are significant elements of the approach that are undefined, or depend on the market context, so this approach repre-
sents an increase in risk relative to other options.
17
