Legal Notice: Neither the European Commission nor the author(s) of this
document shall be responsible for the use which might be made of the information
provided.
An important function for a virtual organisation operating in a business to
business context will be to deal with financial flows: orders, from final customer and as
well from partners, payment authorisations, payment transactions, acknowledgement of
payment, etc..
Off the shelf payment systems already exist as proprietary systems but convergence of
standards between them is emerging fast. Such systems are complex and involve several
partners and associated software programs to automate the communications between
them.
