Error: An error occurred before executing the process ''Credit Card Process'':Guid should contain 32 digits with 4 dashes (xxxxxxxx-xxxx-xxxx-xxxx-xxxxxxxxxxxx) - when running a credit card process

When running the credit card process in ECRM the following error is encountered - "An error occurred before executing the process ''Credit Card Process'':Guid should contain 32 digits with 4 dashes (xxxxxxxx-xxxx-xxxx-xxxx-xxxxxxxxxxxx)".  Processor and BBPS indicate 8 out of 10 transactions were successful but these were not added to any revenue batch for commit.
Download and install the latest patch, which contains all fixes from previous patches. If you are running an older version, download and install the latest version and then the patch. 

Environment

 3.0.516, patch 32
 3.0.516, Service Pack 7

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