Process: Manage payments
Flow
Objective
Encapsulate processes for managing payments.
Description
This process includes processes that manage payment exceptions, such as payments requiring attention (those that have not be able to be processed automatically for some reason). An example of a payment requiring attention is when a payment that has failed authorization because of an address verification (AVS) code check.
This process also includes managing payment batches. Payment batches allow for grouping and settlement of deposits. This is most often used to save on transaction fees, where a single settlement is performed for the batch.
Features
- Payment
- Payment life cycle
- Handling failed payments
- Payment administration
Edition
Professional, Enterprise
Subprocesses
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