In order to facilitate the application to be Banknetvn member process, we suggest  following steps which will be completed with the coordination between Banknetvn and the bank.

1.      Legal procedures:

­       Banknetvn and bank/institution signs NDA.

­       Bank/Institution studies Banknetvn Common Operating Manual and applies for being a member.

­       Banknetvn studies and evaluate Bank/Institution’s ability, submitting for approval for admitting Bank/Institution to be a participating member.

­       Bank/Institution submits membership fee and signs Agreements related to card acquiring, clearing and settlement for transactions via Banknetvn.

2.      Technical preparation

­       Banknetvn provides Bank/Institution technical and business documents to prepare for the implementation.

­       Setting connection line (primary and back up)

­       Customizing the system of Bank/Institution in compliance with Banknetvn Technical Specifications.

­       Customizing applications on terminals.

3.      Business Procedure

­       Building internal business procedure for clearing and settling transactions via Banknetvn.

­       Building Report/Reconciliation/Settlement system for transactions via Banknetvn.

4.      Implementation

­       Testing (SIT):

+        Testing technical system

+        Testing report/reconciliation/settlement system

+        Testing integration.

+        Completing testing and acceptance.

­       Pilot (UAT):

+        Preparing for pilot conditions and pilot scripts.

+        Performing pilot transactions and customizing the system if there is any error.

+        Completing pilot and acceptance.

­       Go live:

+        Making plan for expanding connection.

+        Expanding connection step by step.

+        Launching connection to Banknetvn.

5.      Marketing and Advertisement

­       Banknetvn and Bank/Institution works together in marketing and advertising connection service to cardholders and customers.

­       Using multiple media to advertising new services.