Frameworx Application: Payment Validation & Authorization

Category: (3) TAM Application Type

Application Identifier: 5.9.4.2

Maturity Level: 4

Overview

Payment Validation & Authorization assures that all payments are properly validated and authorized with the appropriate financial institutions.  This includes support for preauthorization of charges.

Functionality

Payment Validation & Authorization performs the following:

• Supports financial institutions’ security standards (e.g. “Verified by Visa” and “MasterCard SecureCode”).
• Liaises with financial institutions for payment authorisation.
• Provides remittance details to the bill accounts receivable management application within the service provider billing system.

Supported Business Services

(3) TAM Application Type Payment Validation & Authorization

Appears on these diagrams:

• 5.9.4 Payment Management

Issues

• Application Framework 12.0 Addition

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