{"version":"0.35.0","built_at":"2026-10-24T11:24:42.001Z","license":"CC BY 4.0 © Mike Reams","canonical":"https://catalog.mikereams.com","value_stream":{"id":"VS-430","name":"Payment-to-Settlement","industries":["financial-services"],"description":"Carry a payment a customer or the bank initiates, by batch, wire, instant rail or card, from instruction to final settlement and reconciliation. Disputes and claims that follow a settled payment start a separate case; the enterprise paying its own suppliers is Procure-to-Pay (VS-30).","outcome":"The money has reached the payee's account with finality, the bank's positions and books agree, and exceptions are resolved.","trigger":"A customer, merchant or the bank itself submits a payment instruction or card transaction.","aliases":["Payment Lifecycle","Pay-to-Settle","Payments Processing Chain","Instruction-to-Finality"],"stages":[{"id":"VS-430.10","order":1,"name":"Initiate & Validate","description":"Capture the instruction, validate and repair it, and choose the rail by amount, urgency and destination.","capability_ids":["BC-1730.10"],"events":[]},{"id":"VS-430.20","order":2,"name":"Screen & Authorize","description":"Screen the parties against sanctions lists, score the payment for fraud and, for cards, authorize as acquirer and issuer.","capability_ids":["BC-1770.30","BC-1770.40","BC-1730.40","BC-1730.50"],"events":[]},{"id":"VS-430.30","order":3,"name":"Clear","description":"Exchange the payment with the other bank or scheme, directly, through a clearing system, a card network or correspondents.","capability_ids":["BC-1730.20","BC-1730.30","BC-1730.40"],"events":[]},{"id":"VS-430.40","order":4,"name":"Settle","description":"Settle positions on settlement accounts and with the card networks, funding intraday positions so the day's payments keep flowing.","capability_ids":["BC-1730.20","BC-1730.40","BC-1730.50"],"events":[]},{"id":"VS-430.50","order":5,"name":"Reconcile & Resolve","description":"Reconcile settled payments to the books, fund merchants, and handle returns, rejects and breaks.","capability_ids":["BC-1730.20","BC-1730.50","BC-210.10"],"events":[]}]}}