Selasa, Agustus 31, 2021

New National Standards Established for Operation of Open API Payments

In order to ensure adequate levels of interconnectivity, interoperability and efficiency in relation to the organization of payment systems, Bank Indonesia’s Board of Governors ("BI") has issued Regulation No. 23/15/PADG/2021 on the Implementation of National Standards for Open Application Programming Interface Payments ("Regulation"). The Regulation establishes a new set of standards relating to the operation of Application Programming Interfaces ("API") for payment transactions.
The National Standards for Open API Payments (Standar Nasional Open API Pembayaran – "SNAP") comprise various technical specifications, operational specifications and implementing guidelines and encompass the following documents: 1) SNAP technical and safety standards, data standards and technical specifications; and 2) Guidelines for the governance of SNAP.
Open API payment service providers ("Providers") and service users that take the form of payment system providers ("PJP Users") are obliged to implement SNAP-based Open API Payments ("SNAP-API") within Open API payment systems are that currently organized by Providers and PJP Users. Furthermore, Providers are also obliged to ensure that Non-PJP Users cooperate during the implementation of SNAP-API.
Providers which conduct fund source administration activities through SNAP-API are required to implement authorizations every time that they process payment transactions or once only during the first transaction and which will remain valid for a certain duration (or until it is revoked). In addition, if Providers or PJP Users are intending to access consumer data in order to process transactions through the use of SNAP-API, then they must first secure approvals from the relevant consumers through verifications/authentications of the identities of the relevant parties or validations of access rights.
During the development of any Open API Payment systems, Providers and PJP Users are required to: 1) Perform tests on SNAP-API testing applications through the relevant SNAP developer’s site; 2) Perform functionality testing; 3) Set procedures and draw up documentation that apply in relation to system development, changes and maintenance; 4) Submit verification requests to the SRO; and 5) Comply with applicable laws and regulations.
The Regulation has been in force since 16 August 2021.

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In order to ensure adequate levels of interconnectivity, interoperability and efficiency in relation to the organization of payment systems, Bank Indonesia’s Board of Governors ("BI") has issued Regulation No. 23/15/PADG/2021 on the Implementation of National Standards for Open Application Programming Interface Payments ("Regulation"). The Regulation establishes a new set of standards relating to the operation of Application Programming Interfaces ("API") for payment transactions.
The National Standards for Open API Payments (Standar Nasional Open API Pembayaran – "SNAP") comprise various technical specifications, operational specifications and implementing guidelines and encompass the following documents: 1) SNAP technical and safety standards, data standards and technical specifications; and 2) Guidelines for the governance of SNAP.
Open API payment service providers ("Providers") and service users that take the form of payment system providers ("PJP Users") are obliged to implement SNAP-based Open API Payments ("SNAP-API") within Open API payment systems are that currently organized by Providers and PJP Users. Furthermore, Providers are also obliged to ensure that Non-PJP Users cooperate during the implementation of SNAP-API.
Providers which conduct fund source administration activities through SNAP-API are required to implement authorizations every time that they process payment transactions or once only during the first transaction and which will remain valid for a certain duration (or until it is revoked). In addition, if Providers or PJP Users are intending to access consumer data in order to process transactions through the use of SNAP-API, then they must first secure approvals from the relevant consumers through verifications/authentications of the identities of the relevant parties or validations of access rights.
During the development of any Open API Payment systems, Providers and PJP Users are required to: 1) Perform tests on SNAP-API testing applications through the relevant SNAP developer’s site; 2) Perform functionality testing; 3) Set procedures and draw up documentation that apply in relation to system development, changes and maintenance; 4) Submit verification requests to the SRO; and 5) Comply with applicable laws and regulations.
The Regulation has been in force since 16 August 2021.

......