Successful Instant Transfer Initiated via the Schema

Process steps:

1. The merchant's system transmits the current purchase data to the sub-aggregator via an electronic channel, who forwards it to the Aggregator.
2. The Aggregator creates the Unified Data Entry Solution (EAM) according to the standard defined in the regulation, which contains the transaction and beneficiary data, and the data is equipped with an authentication code.
3. The merchant displays and makes the Unified Data Entry Solution available on their POS system. For invoiced payments, the QR code is printed on the invoice. For webshop purchases, a deeplink is generated which opens the mobile banking application when clicked. For NFC, the merchant's device broadcasts the data.
4. The payer scans the Unified Data Entry Solution with their multi-function device. The EAM domain stores the names of mobile banking applications that can be launched on the given device. Alternatively, the payer logs into the mobile banking application first and scans the EAM there.
5. Before the payment initiation, the payer's application checks the formal requirements, validity period and authentication code. After strong customer authentication, the application initiates the instant transfer towards the payer's bank.
6. The payer's bank sends the instant transfer message to GIRO. GIRO validates and forwards the message to the beneficiary's bank.
7. The beneficiary's bank credits the amount and sends a confirmation with payment status ACCP back to the Aggregator.
8. The Aggregator forwards the feedback to the sub-aggregator, who forwards it to the merchant.
9. The merchant's system notifies the payer that the payment was successful.