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Financial Scenario 1.3 - Traditional Invoice, Bundled Payment/Remittance, Unbundled by 3rd Party Service Provider, 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/payer 810 INVOIC

PIP3C3
Blueprint (Draft Status)

tbd

 
2. Buyer/payer issues payment order bundled with remittance detail; sends transaction to 3rd party. 820 PAYORD, REMADV

PIP3C4
Blueprint (Draft Status)

tbd  
3. 3rd party separates payment instructions from detail; associated detail is forwarded to seller/payee. 820

 

REMADV

PIP3C4
Blueprint (Draft Status)

 

tbd  
4. 3rd party separates payment instructions from detail; payment instructions are forwarded to buyer/payer’s bank. 820 REMADV      
5. Buyer’s bank converts instructions to ACH transaction and sends funds to seller/payee’s bank. Appropriate ACH transaction (CTX is designed to function as an envelope to the 820)

tbd

tbd  
4. Receiving bank reports receipt of funds to seller/payee for reconciliation.

820
Optional transactions:
823, 824

PAYORD, REMADV
Optional transactions:
FINSTA,  BANSTA

PIP3C4
Blueprint (Draft Status)

tbd  

Last updated 03 January 2003