![]() ![]() The UML activity diagram example "Payment process" was created using the ConceptDraw PRO diagramming and vector drawing software extended with the Rapid UML solution from the Software Development area of ConceptDraw Solution Park. Mobile handset based payments are called mobile payments." ![]() Electronic payments technologies are magnetic stripe card, smartcard, contactless card and mobile handset. Credit card, debit card, Cheques, money transfers, and recurring cash or ACH (Automated Clearing House) disbursements are all electronic payments methods. In this method, a third party must be involved. Provisioning is to transfer money from one account to another. Exchanging is to change coin, money and banknote in terms of the price. There are two types of payment methods exchanging and provisioning. The UML activity diagram example Payment process was created using the ConceptDraw PRO diagramming and vector drawing software extended with the Rapid UML. "A payment is the transfer of an item of value from one party (such as a person or company) to another in exchange for the provision of goods, services or both, or to fulfill a legal obligation. ![]()
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