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Proxy Registry “Instant Links” – the online database for linking of a mobile telephone number (proxy) to an IBAN that available instantly 24/7/365.

zibsaisu registrs 800 002

 

Participants:

citadele logo 80px   swedbank 80p   coop pank 80p  seb logo 80px 002

 

About Proxy Registry "Instant Links"

Proxy Registry “Instant Links” provides storage of credit institution customer account numbers and mobile phone number links. In addition, Proxy Registry “Instant Links” also provides storage and use of other identifiers associated with the customer client account (such as e-mail address, indentification card number) for easy making of instant payments.

The users of the Proxy Registry “Instant Links”links are credit institutions and payment service providers, which offer their customers to make payments without entering the recipient’s account number. Users just have to select a payee from the contact list of the mobile phone.

Only one account number can be linked to a singe mobile number, while one account number can be linked to more than one mobile phone number.

Customers of the banks enter their own mobile phone number in the Proxy Registry “Instant Links”links via their own bank, thereby enabling others to send them money more easily.

zibsaisu registrs proxy iban banklv janv 2020 eng

Information for users of the Proxy Registry "Instant Links"

Latvijas Banka's Procedure for the Use of the Proxy Registry "Instant Links"

Functional Specifications of Latvijas Banka's Proxy Registry "Instant Links"

 

Static data registration form

Static data registration form for signing with an electronic signature

Data controller form

Data controller form for signing with an electronic signature

 

Q&A for users of the Proxy Registry "Instant Links"

What is Proxy Registry "Instant Links"?

Proxy Registry "Instant Links" is a database containing information about the IBAN of the Registry user's customer and its identifier, e.g. mobile phone number.

What are the benefits of the Proxy Registry "Instant Links" for its users?

Using data entered in the Proxy Registry "Instant Links" allows users to provide their customers an opportunity to initiate a payment by simply indicating the beneficiary's  mobile phone number instead of IBAN.

Who may become a user of the Proxy Registry "Instant Links"?

An entity reachable by way of using a SEPA-compliant payment system and registered in the European Economic Area (EEA) or outside the EEA, provided that it acts through an EEA-registered branch, may become a user of the Proxy Registry "Instant Links".

Is it allowed for a user of the Proxy Registry "Instant Links" to submit information on customers of another entity?

A user of the Proxy Registry "Instant Links" may submit for entry in the registry the information on a customer of:

1) a credit institution of the same group;

2) an entity reachable by way of using a SEPA-compliant payment system via the user of the Proxy Registry "Instant Links" or a credit institution of the same group as the user.

What are the fees for using the Proxy Registry "Instant Links"?

EKS participants use the Proxy Registry "Instant Links" free of charge, other users pay Latvijas Banka EUR 80.00 (+ VAT) per month. If a user submits information about customers of another entity, it pays EUR 80.00 (+ VAT) per month for each such entity.

What shall an entity do in order to start using the Proxy Registry "Instant Links"?

To become a user of the Proxy Registry "Instant Links", an entity shall take the following steps:

1) send an e-mail to info@bank.lv expressing the wish to start using the Proxy Registry "Instant Links";

2) sign the agreement;

3) install, manage, operate and monitor as well as ensure the security of the IT infrastructure necessary for using the Proxy Registry "Instant Links";

4) pass the tests;

5) submit the forms necessary to register a user in the Proxy Registry "Instant Links".

How is information exchanged between the Proxy Registry "Instant Links" and the user?

The operation of the Proxy Registry "Instant Links" is based on an exchange of XML messages between the registry and the users by way of using a web service and file exchange service. Part of the messages shall be sent as electronically signed messages.

Users of Proxy Registry "Instant links"

  User   BIC    Contact details for personal data protection
  Adress  E-mail  Phone number
 AS "Citadele banka"  PARXLV22  Republikas laukums 2A, Rīga, LV-1010, Latvia   info@citadele.lv   +371 67010000
 Coop Pank AS  EKRDEE22  Narva mnt 4, 15014 Tallinn, Estonia  andmekaitse@cooppank.ee  +372 6690966
 Swedbank AS  HABALV22  Balasta dambis 15, Riga, LV-1048, Latvia  info@swedbank.lv   +371 67444444
SEB banka AS UNLALV22 Meistaru iela 1, Valdlauči, Ķelavas nov., Ķekavas pag., LV-1076 personasdati@seb.lv  +371 67779988

Questions and answers about Proxy Registry "Instant links"

What is a payment to a phone number?

A payment to a phone number is a type of settlement that enables a transfer of money by means of a mobile application also in cases where the payee's current account number is not known. When making a payment, it is the payee's phone number that has to be indicated instead of his/her current account number. Such a payment is possible if the payee has linked his/her phone number to his/her current account in the Proxy Registry "Instant Links". Thus, it is no longer necessary to remember or rewrite the payee's long IBAN. One just needs to choose the payee from the list of contacts or enter the phone number manually.

How does money reach the account when making a payment to a phone number?

The phone number is linked to the respective current account number, and this instant link is registered with the Proxy Registry "Instant Links" maintained by Latvijas Banka. The credit institutions offering their customers to make payments to a phone number are the users of the Proxy Registry "Instant Links".

What is an instant link?

An instant link is a link between the customer's current account IBAN and his/her mobile phone number. The customers who have registered the links between their current account numbers and phone numbers with the Proxy Registry "Instant Links" can receive money also in cases when the payer indicates the phone number only. More information on the Proxy Registry "Instant Links" is available here.

Is registration mandatory to make a payment to a phone number?

The mobile application enables a payer to make a payment to a phone number even without registration. However, the payee is required to register his/her phone number, linking it to the current account the transfer will be made to.

Can a payment be made to a phone number of a customer of any bank?

To receive money on the current account via such a payment, the payee's bank has to join the Proxy Registry "Instant Links" of Latvijas Banka, and the customer has to create an instant link or link between his/her phone number and the current account number. 

Can I link several current account numbers to one phone number?

No, one phone number may have an instant link with one current account number only since otherwise it will not be possible to understand which is the current account number money has to be transferred to.

Can I link my company's account number to my phone number?

For the time being, this service is available only to natural persons, and it is only one's own (natural person's) account number that can be linked to the phone number. Legal persons are expected to be able to use instant links at some point in the future.

Is it safe to make payments to a phone number?

Yes, it is just as safe as to make payments to current accounts. Payments are made via the bank's mobile application, and they are confirmed with a fingerprint, PIN or a code from another authorisation device. Also, it is possible to link the mobile phone number to the current account number in the bank's mobile application only. This makes registration safe and reliable. Latvijas Banka maintains the Proxy Registry "Instant Links" and safekeeps the link between customers' phone numbers and current account IBANs. This link is confidential, and information is available to Latvijas Banka only.

Is a payment to a phone number an instant payment or a standard one?

The speed of payment execution depends on whether instant payments are made between the respective banks.