NPSA implementation and Operational Aspects of the NRPS

Updated Outline of Topics:

1. Three Pillars of Central Banking
2. NPSA and Salient Features
3. BSP Circular 1089 - Payment System Oversight Framework (PSOF)
4. Salient points

i. Risk-based Oversight through Designation of Payment Systems ii. Designation Criteria

iii. Assessment tools

iv. Cooperative Oversight

ii. v. Measures to Avert Disruption in the Payment Systems

1. BSP Circular 1049 - Rules and Regulations on the Registration of Operators of Payment Systems (OPS)
2. Salient points:

i. Registration Process

ii. Self-assessment approach

iii. Streamlined documentary requirements

1. Notification/registration requirements of OPS

i. Banks/EMIs

ii. Non-banks/non-EMIs

1. Statistics on OPS with COR
2. BSP Circular 980 National Retail Payment System (NRPS)
3. Pre-NRPS
4. NRPS Vision, Strategic Objectives, Governance Framework
5. BSP Circular 980: Specific Rules Applicable to NRPS Transactions
6. Electronic delivery channels
7. Consumer protection and pricing principles
8. AML rules
9. BSP Circular 1033 - Guideline on Electronic Banking Services and Other Electronic Operations (refer to existing slides)
10. Salient points
11. Electronic Payment and Financial Services (EPFS)

i. Definition

ii. Products and services offered by BSFIs

iii. EPFS Classification

1. ACH participation process

i. Receiving only participant of an ACH

ii. Receiving and sending participant of an ACH

1. BSP Circular No. 1135: Guidelines on the Settlement of Electronic Payments Under the National Retail Payment System (NRPS) Framework
2. Priority Automated Clearing Houses (ACHs) Under the NRPS
3. PESONet (Batched electronic funds transfer) – participants; volume and value of transactions, including EGovPay Facility, PESONet MBS
4. InstaPay (Real-time, low-value electronic funds transfer) – participants; volume and value of transactions, including National QR Code (QRPh)
5. BSP Digital Payments Transformation Roadmap 2020-2023
6. Strategic Objectives
7. Three Pillars of Digital Payments Transformation – includes digital payment initiatives in the pipeline
8. Strengthening Governance and Oversight of Payment Systems
9. Circular No. 1126 + Designation of Peso RTGS System and PDDTS
10. Circular No. 1127
11. Circular No. 1138
12. BSP and Central Bank Digital Currency (CBDC)
13. Enhancing Cross-border Payments

SMEs from: Bangko Sentral ng Pilipinas

Schedule:

May 11-12, 2022

Wednesday-Thursday

9:00 AM - 12:00 NN

Training Fee per Participant:

From Member Institution – P 2,240.00

From Non-Member Institution – P 3,360.00

**VAT inclusive