Category: (5) eTOM Process Type
Process Identifier: 1.6.12.4.1.2
Original Process Identifier:
Maturity Level: 3
Prepare, verify, authorize, and make a payment to a party including the method of payment, and optionally the application of the payment to one or more bills/purchases/charges.
Remit Party Payment prepares, verifies, authorizes, and makes a payment to a party including the method of payment, and optionally the application of the payment to one or more bills, purchases, charges, settlements or some other form of revenue sharing where a payment is due to another party. A payment could also be made to another party based on an overpayment made by the party or some other credit, such as a refund check for a deposit. A payment could also be made for which no invoice is received, such an enterprise may accept payment on behalf of another party, takes a percent as a fee, and forwards the remainder to other party; the party does not invoice the enterprise. A receipt may also be requested from the party to whom a payment is remitted.
This was created from the Frameworx 16.5 Model