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a2a interoperaBility makinG moBile money scHemes interoperate
B.5
cLeARIng MMo e-Money tHR oUgH An AcH
one of the potential implementation options for a2a interoperability (see section 3.6), speculates that one potential option would be for
mmo schemes to connect directly to the inter-bank acH to enable e-money account to bank account transactions to be submitted. this
aims to enable all transactions, including inter-scheme e-money transactions, to be passed through the acH.
note: the acH scheme would need to change to allow references for mobile wallet accounts as well as bank accounts; or the mmo
scheme change to use acH bank account references.
the research conducted for this paper did not find any examples of an inter-bank acH being used for e-money to bank account transfers.
although, in principle, e-money has a par value with real money and the use of specific reserve or limit accounts for settlement of e-
money could be a valid approach, there does not seem to be specific examples to draw on for comparison.
50
B.5
cLeARIng MMo e-Money tHR oUgH An AcH
one of the potential implementation options for a2a interoperability (see section 3.6), speculates that one potential option would be for
mmo schemes to connect directly to the inter-bank acH to enable e-money account to bank account transactions to be submitted. this
aims to enable all transactions, including inter-scheme e-money transactions, to be passed through the acH.
note: the acH scheme would need to change to allow references for mobile wallet accounts as well as bank accounts; or the mmo
scheme change to use acH bank account references.
the research conducted for this paper did not find any examples of an inter-bank acH being used for e-money to bank account transfers.
although, in principle, e-money has a par value with real money and the use of specific reserve or limit accounts for settlement of e-
money could be a valid approach, there does not seem to be specific examples to draw on for comparison.
50
