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Financial Scenario 1.2 - Traditional Invoice, Bundled Payment/Remittance, Unbundled by VAB, Pre-2000 Version B
Status:  Balloted and Ratified by Membership, November 1998  Most 1998 models will be recast as Scenarios.

Business Overview

Special Notes:

 


Overview (Use Case) Diagram    Narration


Narration   Overview (Use Case) Diagram

 

Step Description

EDI Transaction/Message Recommendation

RosettaNet

OAG

Other

X12 UN
1. Seller/payee issues invoice to buyer/payor 810 INVOIC

PIP3C3
Blueprint (Draft Status)

tbd

 
2. Buyer/payor issues payment order to VAB accompanied by remittance detail 820 PAYORD, REMADV

PIP3C4
Blueprint (Draft Status)

tbd  
3. Buyer/paying VAB unbundles transaction sending

A) remittance detail to seller/payee

B) payment to seller/payee bank

820

 

REMADV

PIP3C4
Blueprint (Draft Status)

tbd  
Appropriate ACH transaction (CTX is designed to function as an envelope to the 820)
4. Bank informs seller/payee of receipt of funds and associated details

820
Optional transactions:
823, 824

PAYORD, REMADV
Optional transactions:
FINSTA,  BANSTA

PIP3C4
Blueprint (Draft Status)

tbd  

Last updated 03 January 2003