Transcript Slide 1

SARB Terms of Reference (TOR)
• Issued on 3 July 2013
• Based on the overwhelming support by the collections
industry for the enhancement of the current AEDO system, as
opposed to the development and implementation of an ACTtype system, the NPSD resolved that the current AEDO system
must be enhanced.
• The NPSD requires PASA to initiate and mobilise a project
team of experts drawn from the stakeholders in the
collections environment, ie. banks as well as non-banks who
are able to technically and legally design, develop and
implement the industry's preferred solution, namely the
enhancement of the current AEDO system.
17 July 2015
SARB Terms of Reference (TOR)
• The solution must address the NPSD's
minimum requirements and be
implementable across the industry within the
shortest time possible.
• The enhancements will focus on sound flexible
mandates and authentication that meet an
industry accepted standard, and can be
developed and implemented across the board.
17 July 2015
SARB Letter 24 July 2014
Simplified Processing Hierarchy
The SARB has no objection to the simplified
processing hierarchy… subject to the condition
that the end state does not include any non
authenticated debits being processed in the
early window. In the end state, the TOR
envisages the processing of NAEDO and EFT
debits after the AC/AEDO debits…
17 July 2015
SARB Clarification Letter 25 August 2014
“…AC, AEDO and NAEDO Processing:
•
•
•
•
•
Only AC and AEDO transactions may be processed in the early processing window
from the end state (June 2017)
No NAEDO transactions will be processed in the early processing window in the
end state, nor any other non-autenticated transactions
The 24 month timeframe, comprising of the agreed upon assessment/evaluation
period and migration period, commencing from the June 2015 implementation
date, does not imply that the AC implementation may be delayed.
Upon commencement of the second 12 months (June 2016), no new NAEDO
contracts may be initiated for processing in the early processing window.
NAEDO processing may however be considered in the non-authenticated debits
space, after the early processing window has concluded”
17 July 2015
PROCESSING OF AC TRANSACTIONS -Final
0
0
H
0
0
0
0
H
1
0
0
5
H
0
0
0
5
H
1
0
0
6
H
0
0
N
E
T
A
C
1
S
T
A
C
D
A
T
A
D
A
T
A
B
A
N
K
S
T
O
S
A
L
A
R
Y
C
R
E
D
I
T
S
R
U
N
F
U
L
L
T
R
A
C
K
I
N
G
E
N
D
U
S
E
R
S
0
7
H
0
0
?
N
O
N
A
U
T
H
E
N
T
I
C
A
T
E
D
1
4
H
0
0
A
C
2
N
D
R
U
N
1
9
H
0
0
?
E
F
T
D
E
B
I
T
O
R
D
E
R
1 RUN
ONLY
D
A
Y
1
D
Typical Deduction Day
A
Y
2
Clarification: Authentication
Authentication means:
• Customer verification by the Paying Bank
• Account validation by the Paying Bank
• Mandate authorisation by the Customer
• User / Originator verification by the Acquiring
Bank
17 July 2015
Clarification: Enhanced AEDO Changes…
• Enhanced AEDO
– Variable Amounts
– Specify Bank Account details
• Ability to have a once off change of reference
number (Application to final contract number)
• Decentralised mandate databases housed with
banks and CSP’s
17 July 2015
Clarifications: AEDO vs AC
Determine if AEDO could be enhanced to meet the Criteria for
the Authenticated Collections environment.
If AEDO could not meet the Authentication Criteria it would
be designated to the Authenticated Collections and processed
early.
17 July 2015
10
Initiation
Definition
Execution
Design
SARB TOR
UPDATED SID
INTERPRETATION
OF SARB TOR
PROJECT
MANGEMENT PLAN
APPROVAL
BRD APPROVAL
(WORKGROUP)
BRD RATIFICATION
(STEERCO)
30 June 15
30 June 16
30 June 17
13 Oct 14
07 Apr 15
21 Oct 14
02 Oct 14
08 Sept 14
(28 Aug2014)
28 Aug 14
15 Nov 13
Project Roadmap
TRS FRAMEWORK
DEVELOPMENT
Development
Validate
Implement
IMPLEMENTATION
PLAN
TRS FRAMEWORK
APPRROVAL
DEVELOPMENT
TESTING
PHASE
INDUSTRY
READY
EVALUATION /
STABILIZATION
TRS
DEVELOPMENT
TRS APPROVAL
(WORKGROUP)
TRS RATIFICATION
(STEERCO)
TRANSITION /
MIGRATION
SINGLE
HIERARCHY
IMPACT ANALYSIS
JUSTIFIED
FEEDBACK TO
SARB
LEARN
OPERATE
OPERATE
SUPPOR
T
11
“4 potential use cases”
12
USE CASE: TT1
•
•
•
•
•
Transaction Type 1:Non-face-to-face
Authentication key not included
Request online
Response 15 minutes / end of business day
(Clearing Rules will determine)
17 July 2015
USE CASE: TT2
•
•
•
•
Transaction Type 2:Non-face-to-face
Authentication key not included
Batch request day 0 queued by BankServ until
20H00
• Day 1 from 08H00 send to payers for
authorisation. Replies received batched and
returned.
• Final Batch responses Day 3 08H00
17 July 2015
USE CASE: TT3
•
•
•
•
•
•
•
Transaction Type 3:Face-to-face
Authentication key included
Card, PIN, Secure POS
AEDO and Enhanced AEDO
Request online
Response online
17 July 2015
USE CASE: TT4
•
•
•
•
Transaction Type 4:Non-face-to-face
Payer required to pre-register
Authentication key included (after preregistration)
• Request online and response online
• Optional: Only ABSA & Standard Bank
15 October 2014
17