e-authentication Practices: A road to global implementation of - - PowerPoint PPT Presentation

Market-driven e-authentication Practices:

A road to global implementation of e-authentication for cross-bordered trade document

• Mr. Wanawit Ahkuputra

Deputy Executive Director of ETDA Thailand HOD and AFACT chair.

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Building Soft Infrastructures

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e-Invoice as a market driven for e-authentication practices

8 AFACT aims to promote the commitment and development

• f trade facilitation, electronic

business policies and activities in the Asia Pacific region, mainly focusing on those promoted by UN/CEFACT ( United Nations Center for Trade Facilitation and Electronic Business), to guide, stimulate, improve and promote the ability

• f business, trade and

administrative organizations from members. Mr. Wanawit from ETDA , Thailand was appointed as HOD and AFACT chair.

Tax Information Such as WHT, VAT, Excise tax Commercial data such as buyer, seller, order references , delivery terms, prices Financial data such as payee, payer, financial account, Payment terms, amounts

Invoice message

Logistical data such as ship-from, ship-to, quantities, delivery date Data on products such as manufacturer, brand name, description Benefits:

• 1. Improving reconciliation works of

traders.

• 2. Sharing commercial information with

the financial sector.

• 3. Adapting the commercial practice in

Thailand, Asian Industry and worldwide.

Remittance advice

Related invoice message standards: CII, EDIFACT, GS1 XML Related Payment message standard: ISO 20022: NPMS E-tax invoice message standard defined by Revenue Department and Custom Department based on Cross Industry Invoice Data model

ISO 20022 Payment Message

Invoice information can be embedded into ISO 20022 payment message (pain.001.001.05)

Cross Industry Invoice (CII) Specification By UN/CEFACT e-tax invoice By RD

Regulatory compliance

New e-tax invoice By RD

CII Conformance Regulatory compliance

Regulatory compliance GS1 XML for e-invoice By GS1 ISO 20022 Financial invoice By ISO 20022 Original e-Tax invoice standard

Creating a new e-Tax invoice standard for Thailand

The information can be mapped and interoperated with other standards

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Key success factors for embedding a remittance advice with ISO 20022 payment messages

• ISO 20022 Registry Authority needs to approve for invoice information

to be attached as a supplementary data in payment message (pain.001.001.05: Customer Credit Transfer message)

• Seller and buyer shall engage in setting e-invoice standard based on

international standard such CII, GS1 XML, ISO 20022

• PKI infrastructure for supporting the domestic and cross-bordered trade

information exchange.

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Initiate a payment (pain.001)

Buyer

Notification / Report (camt.054)

Seller

Buyer’s Bank Seller’s Bank

Performa Invoice Clearing and Settlement

Remittance advice

SWIFT financial Network

Remittance advice

Regional PKI Infrastructure & e-Authentication framework

Remittance advice and ISO 20022 Payment message can be sent over financial network

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Thank you