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5.9.4 Payment Management

(3) TAM Application Type Payment Settlement (3) TAM Application Type Payment Validation & Authorization (3) TAM Application Type Payment Interface Management (2) TAM Application Type Payment Management

5.9.4 Payment Management

Diagram Description

Business Context

The Payment Management application supports interfaces between the service provider billing systems and the internal and external systems that are responsible for processing payment requests.  It enables customers to choose between many payment channels whilst allowing those payments to be processed in a standardised, efficient and secure manner

Overview

The Payment Management application provides a link between the payment channels (eg Post office, Retail shops,  etc) and the service provider to allow many forms of payment to be accepted in a controlled manner.   Payment Management interfaces with financial institutions to verify and accept or decline financial transactions.


This was created from the Frameworx 16.0 Model


Created from the TM Forum Model Frameworx 16.0.0 on 6/13/2016 at 22:07