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CONTROL TOTAL BUYER TO BUYER FINANCIAL INSTITUTION v. 2.0.2 |
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Problem
Statement |
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As part of the financial checks and
balances employed within a company, to insure that sufficient funds are
available for payment by the financial institution, and in order to remove the
possibility of the submission of fraudulent payment transactions, a validation
process is needed to verify payment requests submitted to the paying financial
institution.
Typically, payment transactions are
generated by the accounts payable department of a company and forwarded to a
financial institution for payment. As part of a company’s control mechanism, a
request has been made to have the capability of initiating a verification
document to the financial institution, confirming the monetary value and count
of payments to be made by the financial institution.
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Objective |
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To supply the detail design of a Control
Totals business transaction needed to meet the requirements of the referenced
BRAD(s).
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Audience |
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The audience of the standards would be any
participant in the global supply chain. This would include retailers,
manufacturers, service providers and other third parties.
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Business
Context
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Industry: All
Geopolitical: All
Product: All
Process: Pay
System
Capabilities: EAN.UCC
Official
Constraints: None
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Business
Transaction View
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Business
Transaction Use Case
Diagram |
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Not available
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Use Case
Description
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| Use
Case ID: |
UC-1 |
| Use
Case Name: |
Control Totals |
| Use
Case Description: |
Buyer sends to buyer's financial institution a Control
Total amount and total number of the ‘Settlement of Request for Payment(s)’. |
| Actors
(Goal): |
The two general actors in the 'Control Totals-Buyer to
Buyer's Financial Institution' process are the "buyer" and the
"buyer's financial institution". Depending on the specific nature of
the relationship other players may have a role, such as a third party. |
| Performance
Goals: |
N/A |
| Preconditions:
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Buyer has sent one or more ‘Settlement of Request for
Payment(s)’ to buyer's financial institution to process. |
| Postconditions: |
None |
| Scenario: |
Begins when the buyer sends control total number and amount to
buyer's financial institution.
Continues with...
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Step #
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Actor
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Activity Step
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1
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Buyer
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Buyer
sends a control totals document to the financial institution, indicating the
total number of ‘Settlement of Request for Payment(s)’ transmitted and grand
total amount sent by the buyer (payer).
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Ends
when control total and
amount is received by buyer’s financial institution
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Alternative
Scenario:
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None |
| Related
Requirements: |
None |
| Related
Rules: |
None |
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Business
Transaction Activity Diagram |
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Not available
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Business
Transaction Sequence Diagram |
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The diagram illustrates the sequence
using a single request for payment. The
buyer may send and the financial institution may receive one or more requests
for payment at the same time.
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