Core banking. Mobile financial services - Mobile payments to businesses Ingestion-build-50790 Statistical verification of conformity with

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Core banking. Mobile financial services - Mobile payments to businesses Ingestion-build-50790 Statistical verification of conformity with1 Scope This document focuses on mechanisms by which a person (consumer, payer or business) uses a mobile device to initiate a payment to a business entity (merchant or payee). Such a payment may use the traditional merchant point of interaction (POI) system, where the manner of settling the payment follows well established merchant services paradigms. Additionally, there are other ways for a consumer to make a payment to a merchant, using the mobile