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.

Building Soft Infrastructures 2 2

3

4 4

5

6

e-Invoice as a market driven for e-authentication practices 7 7

AFACT aims to promote the commitment and development of 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 of business, trade and administrative organizations from members. Mr. Wanawit from ETDA , Thailand was appointed as HOD and AFACT chair. 8

Remittance advice Invoice information can be embedded into ISO 20022 Invoice message ISO 20022 payment message Payment (pain.001.001.05) Message Commercial data such as buyer, seller, order Benefits : references , delivery terms, prices 1. Improving reconciliation works of traders. Logistical data 2. Sharing commercial information with such as ship-from, ship-to, the financial sector. quantities, delivery date 3. Adapting the commercial practice in Thailand, Asian Industry and Data on products worldwide. such as manufacturer, brand Related invoice message standards: name, description CII, EDIFACT, GS1 XML Financial data Related Payment message standard: such as payee, payer, financial ISO 20022: NPMS account, Payment terms, amounts E-tax invoice message standard Tax Information defined by Revenue Department and Such as WHT, VAT, Excise tax Custom Department based on Cross Industry Invoice Data model

Creating a new e-Tax invoice standard for Thailand ISO 20022 Financial invoice By ISO 20022 GS1 XML for e-invoice By GS1 The information can be mapped and interoperated Original e-Tax invoice standard New e-tax invoice with other standards By RD e-tax invoice Regulatory compliance By RD Regulatory compliance CII Conformance Cross Industry Invoice (CII) Specification Regulatory compliance By UN/CEFACT

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. 11

Remittance advice and ISO 20022 Payment message can be sent over financial network Seller’s Bank Buyer’s Bank Clearing and Settlement Notification / Report Initiate a (camt.054) payment (pain.001) Remittance SWIFT financial Network Remittance advice advice Performa Invoice Buyer Seller Regional PKI Infrastructure & e-Authentication framework 12

Thank you 13