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
