Complete IBFT Summary: Key differences for all scenarios

Comprehensive Comparison Table

Scenario	Persona	Terminal	Card (Issuing)	Beneficiary Account	Transfer Type	Bank Selection	RRN Validation	Steps
IBFT1	ISS / BEN	PayNet	Own	Own	Transfer to Own Bank	-	Bene Inquiry + Fund Transfer	2-step
IBFT1	ACQ	Own	PayNet	PayNet	-	-	Bene Inquiry + Fund Transfer	2-step
IBFT2	ISS	PayNet	Own	PayNet	Transfer to PayNet Bank	-	Fund Transfer only	1-step
IBFT2	ACQ / BEN	Own	PayNet (9000 09XX)	Own	-	-	Fund Transfer only	1-step
IBFT3	ACQ / ISS	Own	Own	PayNet	-	-	Bene Inquiry only	1-step
IBFT3	BEN	PayNet	PayNet (9000 08XX)	Own	Transfer to Other Bank	Own Organization Bank	Bene Inquiry only	1-step
IBFT4	ACQ	Own	PayNet (9000 09XX)	PayNet	Transfer to Other Bank	-	Bene Inquiry + Fund Transfer	2-step
IBFT4	ISS	PayNet	Own	PayNet	Transfer to Other Bank	PayNet Bank - PYNJ	Fund Transfer only	1-step
IBFT4	BEN	PayNet	PayNet (9000 09XX)	Own	Transfer to Other Bank	Own Organization Bank	Bene Inquiry only	2-step

Who Provides Terminal?

PayNet provides terminal:

• IBFT1 (ISS / BEN)
• IBFT2 (ISS)
• IBFT3 (BEN)
• IBFT4 (ISS, BEN)

Own terminal/ATM Machine:

• IBFT1 (ACQ)
• IBFT2 (ACQ / BEN)
• IBFT3 (ACQ / ISS)
• IBFT4 (ACQ)

Who Provides Card?

PayNet provides card:

• BIN 9000 09XX: IBFT2 (ACQ / BEN), IBFT4 (ACQ, BEN)
• BIN 9000 08XX: IBFT3 (BEN)

Own card:

• IBFT1 (ISS / BEN)
• IBFT2 (ISS)
• IBFT3 (ACQ / ISS)
• IBFT4 (ISS)

Who Provides Beneficiary Account?

PayNet provides:

• IBFT1 (ACQ)
• IBFT2 (ISS)
• IBFT3 (ACQ / ISS)
• IBFT4 (ACQ, ISS)

Own account:

• IBFT1 (ISS / BEN)
• IBFT2 (ACQ / BEN)
• IBFT3 (BEN)
• IBFT4 (BEN)

RRN Requirements

2-step (Bene Inquiry + Fund Transfer):

• IBFT1 (all personas)
• IBFT4 (ACQ)
• IBFT4 (BEN)

1-step (Fund Transfer only):

• IBFT2 (all personas)
• IBFT4 (ISS)

1-step (Bene Inquiry only):

• IBFT3 (all personas)

Transfer Type Selection (PayNet Terminal)

• Transfer to Own Bank: IBFT1 (ISS / BEN)
• Transfer to PayNet Bank: IBFT2 (ISS)
• Transfer to Other Bank: IBFT3 (BEN), IBFT4 (all personas)

Bank Selection After “Transfer to Other Bank”

• Select “PayNet Bank - PYNJ”: IBFT4 (ISS)
• Select Own Organization Bank: IBFT3 (BEN), IBFT4 (BEN)
• Not Applicable (Own Terminal): IBFT4 (ACQ)

Detailed Bank Selection Guide

Scenario	Persona	Transfer Type	Bank Selection Required?	Bank to Select
IBFT1	ISS / BEN	Transfer to Own Bank	No	N/A
IBFT1	ACQ	N/A (Own Terminal)	N/A	N/A
IBFT2	ISS	Transfer to PayNet Bank	No	N/A
IBFT2	ACQ / BEN	N/A (Own Terminal)	N/A	N/A
IBFT3	ACQ / ISS	N/A (Own Terminal)	N/A	N/A
IBFT3	BEN	Transfer to Other Bank	Yes	Own Organization Bank
IBFT4	ACQ	N/A (Own Terminal)	N/A	N/A
IBFT4	ISS	Transfer to Other Bank	Yes	PayNet Bank - PYNJ
IBFT4	BEN	Transfer to Other Bank	Yes	Own Organization Bank

Card BIN Range Reference

Card BIN Range	Used By
9000 08XX	IBFT3 (BEN)
9000 09XX	IBFT2 (ACQ / BEN), IBFT4 (ACQ, BEN)
Own Organization Card	IBFT1 (ISS / BEN), IBFT2 (ISS), IBFT3 (ACQ / ISS), IBFT4 (ISS)

Summary by Persona Type

Issuer Personas

Scenario	Terminal	Card	Bene Account	Transfer Type	Bank Selection	RRN Type
IBFT1 (ISS / BEN)	PayNet	Own	Own	Transfer to Own Bank	-	2-step
IBFT2 (ISS)	PayNet	Own	PayNet	Transfer to PayNet Bank	-	1-step (FT)
IBFT4 (ISS)	PayNet	Own	PayNet	Transfer to Other Bank	PayNet Bank - PYNJ	1-step (FT)

Acquirer Personas

Scenario	Terminal	Card	Bene Account	Transfer Type	Bank Selection	RRN Type
IBFT1 (ACQ)	Own	PayNet	PayNet	-	-	2-step
IBFT2 (ACQ / BEN)	Own	PayNet (9000 09XX)	Own	-	-	1-step (FT)
IBFT3 (ACQ / ISS)	Own	Own	PayNet	-	-	1-step (BI)
IBFT4 (ACQ)	Own	PayNet (9000 09XX)	PayNet	-	-	2-step

Beneficiary Personas

Scenario	Terminal	Card	Bene Account	Transfer Type	Bank Selection	RRN Type
IBFT1 (ISS / BEN)	PayNet	Own	Own	Transfer to Own Bank	-	2-step
IBFT2 (ACQ / BEN)	Own	PayNet (9000 09XX)	Own	-	-	1-step (FT)
IBFT3 (BEN)	PayNet	PayNet (9000 08XX)	Own	Transfer to Other Bank	Own Organization Bank	1-step (BI)
IBFT4 (BEN)	PayNet	PayNet (9000 09XX)	Own	Transfer to Other Bank	Own Organization Bank	2-step (BI)