Party Payment Handling receives payments from parties, remits payments to parties, and applies payments to any form of request for payment, such as bills, settlements or other forms of revenue sharing, purchases, charges, or payment plans as needed. <br/><br/>A payment may be received from a party who has not yet registered on a web site or from an anonymous party who makes a purchase can pays for it in a store. <br/><br/>The Bill/Invoice Management processes handle the application of credits, discounts, promo codes, and so forth to a party's bill/invoice or other ways in which a party may be charged for products which have been acquired.<br/>
Receive payments from parties, remit payments to parties, and apply payments to any form of request for payment, such as bills, settlements or other forms of revenue sharing, purchases, charges, or payment plans as needed.
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HierarchyLevel
4
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Description: the level of this object in the hierarchy (1-x integer)
Issue
Business Process Framework 16.5 Modification Business Process Framework 20.5 Modification
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Maturity
4
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Description: the maturity level of this element (1-x integer)
Process Identifier
1.6.16.1.1
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TMFStatus
Released
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Values: Released,Preliminary,Draft,Not Fully Developed,likelyToChange,likelyToBeDeprecated Description: the TM Forum status