02 — Capability · BC-230.40
Banking & Payment Operations
Run the bank accounts, mandates and payment rails the enterprise moves money through, securely and with as few accounts and banks as the business genuinely needs.
- Bank Relationship Management
- Payment Infrastructure
In scope
- Bank account lifecycle and signatory control
- Bank connectivity and payment execution
- Payment fraud prevention and bank fee management
Out of scope
- Approving which supplier invoices get paid (see BC-260)
- Customer payment acceptance (see BC-250)
Realized by · 1
Used in · 3
Build it · 0
- Nothing in the library points here yet.
Decomposes into · 4
- BC-230.40.10Bank Account AdministrationOpen, change and close bank accounts through a controlled process, and keep an authoritative list of every account and who can sign on it.
- BC-230.40.20Payment ExecutionRelease approved payments to the banks over secure channels, in the right format for each rail and country, and confirm they arrived.
- BC-230.40.30Payment Fraud PreventionVerify payee details and payment instructions through controls that a convincing email cannot bypass.
- BC-230.40.40Bank Relationship & Fee ManagementDecide which banks the enterprise uses for what, review the fees they charge against the services they deliver, and rationalize the panel over time.