A consolidation of L1P guidance that helps implementors deliver results by advancing woman’s inclusion.
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User Awareness and Capability Building
Promotional and educational efforts (campaigns, programs, initiatives) to drive adoption and usage of the payment system and essential financial services should be provided by DFSPs,…
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Simplified Customer Due Diligence
Regulations support the implementation of Simplified Customer Due Diligence (CDD) by DFSPs. Simplified CDD allows for a consumer with very limited or no formal proof…
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Data Protection
DFSPs commit to only collecting end user data for purposes that benefit or reduce harm to end users and to safeguarding that data. Security of…
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Certainty of Payee
The Scheme must provide a confirmation of payee notification service that requires an authenticated payer to confirm the payee prior to initiation of a payment…
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Alias Addressing
The Scheme must support payment addressing using multiple alias types and provides alias lookup and mapping services that maps an alias to a digital financial…
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Transparent Terms
The Scheme must ensure that all costs and terms are disclosed to the payer before payment is made. Transparency also extends to FX rates in…
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Fraud Liability
Scheme rules must ensure that end users are not liable for confirmed fraudulent payments. This includes fraudulent payments resulting from Authorized Push Payment Fraud (initiated…
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Fraud Rules
Scheme rules must guide DFSPs in managing fraud risk and establish fraud data and information sharing guidelines.
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Low Fees for DFSPs
Fees charged to cover Scheme costs (e.g., platform development, connections to DFSPs or other entities, developing rules and ensuring compliance, general operations, settlement, etc.) must…
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Not for Loss Business Model
The Scheme must adopt a business model focused on sustainability of activities, not on profit generation. The Scheme seeks to recover its operating costs (business…
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Common Scheme Branding
All DFSPs and access points should adopt and use a common trade name and logo for the Inclusive IPS payment services.
