Page 45 - A2A-interoperability_Online

a2a interoperaBility makinG moBile money scHemes interoperate

analysing these market conditions using the criteria given in the sections above, leads to the following assessment:

PArTNEr DIrECT COMMErCIAl
ASSESSMENT BIlATErAl NEUTrAl COMMErCIAl BANK TO CONNECT TO PrOCESSOr
CrITErIA AGrEEMENT PrOCESSOr PrOCESSOr NATIONAl NATIONAl FOr BANK
ACH ACH INTErFACE

mmo
Bilaterals neW rules For neW rules For stanDarD alloWs mmo Bilateral
central Bank
unDerstooD.
For BotH
rISK IMPACT unDerstooD settlement settlement. inter-scHeme to monitor all mature
relies on tHirD
larGe numBers reQuireD anD Bank inter-scHeme processor For
oF Bank party. inteGration settlement Banks
interFaces
IMPlEMEN- potential to common apis cHanGes potential to
TATION common apis neW serVice to use eXistinG For scHemes. to acH use eXistinG
sinGle Bank
Be createD
processor. api
processor. api
reQuireD
COMPlExITy reQuireD inteGration speciFications reQuireD
inter-mmo inter-scHeme
TrANSAC- scHeme By unknoWn siGniFicant By aGreement partner mature market
BeneFit For
sHoulD Be
TION COST aGreement Very loW aDDitional tXn acH Bank Bank acH reFlecteD in
IMPACT Bank By Value tXns costs suBmission settlement tXn costs
aGreement
costs
rEGUlATOry no BlockinG no BlockinG no BlockinG no BlockinG not eXplicitly no BlockinG
reQuireD By
FrAMEwOrK reGulation reGulation reGulation reGulation reGulation reGulation

sinGle
eXistinG eXistinG aGreement
neGotiateD
AGrEEMENT structures neW JV, unDer neW scHeme structure. unDeFineD WitH
–acH outsiDe
For mnos
estaBlisHeD
acH outsiDe
anD processor
scHemes’
FrAMEwOrK aGreements control aGreement scHemes’ scHemes’ processor,
reQuireD WitH control control may limit
lots oF Banks scHemes’
control
Direct sinGle sinGle sinGle
SCAlABIlITy connections sinGle sinGle connection connection connection
to eacH
connection
connection
participant For Banks For all For Banks
commercial
USEr real-time real-time to real-time to clearinG clearinG Delay real-time
in acH For all
netWork
Delay in acH
ExPErIENCE Be Built Be Built For Bank inter-scHeme aVailaBle
transFers
(i.e. atm
transFers
processor).
reQuireD WitH
TIME TO sloW to JV creation reasonaBle likely to Be aGreement likely to Be
– assuminG
likely to
market For all
relatiVely
central Bank
relatiVely
MArKET Banks Be time suitaBle Fast. anD BankinG Fast.
consuminG
processor.
sector
Table 10: Market Example 2 Assessment
42