National Payment Corporation of Vietnam

Instant Payment (IFTS)


Vietnam, Hanoi
May 25, 2020

The National Payment Corporation of Vietnam (NAPAS) launched a new ACH system based on CMA's IPS product. ACH system is compatible with ISO20022 standard and includes NRT (Near Real-Time) and DNS (Deferred Net Settlement) services with support of Direct Credit and Direct Debit instruments and additional modules such as:
• Mandate Management
• Central Addressing Scheme (CAS) in decentralized mode (requests for account resolutions are routed to from participant to participant)
• AML (Anti Money Laundry)
• Fraud Detection module
• Dispute Management module
• Electronic Bill Presentment module
As part of project implementation, CMA and NAPAS teams have implemented ISO8583-based Integration Platform service that allows the ACH system to be seamlessly integrated with internal NAPAS payment services (account to account, card to account, account to account to account card and bill payments).
The Integration Platform allows ACH Participants to use ISO8583 messages to communicate with ACH and introduce new services to its clients without significant efforts to customize existing systems.

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