General description of the process and high-level e-business process flow.
Introduction
Process to allow a buyer to initiate a payment to settle an account
with the seller and allow the seller to auto reconcile accounts receivables.
This e-business process begins after an invoice has been issued
by the Seller to the Buyer.
The Payment e-business process enables the Buyer to pay the Seller for one or
more invoices.
For a Buyer to settle accounts with a Seller, both must exchange
information with their individual banks. The banks must exchange information regarding the payment.
The secured financial transactions are exchanged across global and regional banking
networks.
