Please enable JavaScript.

Coggle requires JavaScript to display documents.

Payments - Coggle Diagram

- - - - pin
      - signature
    - - swipe
      - dip
      - tap
      - enter
- - - - Peer-to-Peer
      - Direct Deposit
        
        comes from an employer into
        an employee’s bank account
        
        employee sets up a direct deposit
        
        employer’s bank sends
        clearing file to the Fed
        
        Fed breaks up this file and sends these
        files to the banks of the employees
- - - - Dual Message
    - - Single Message
        
        no hold
    - - no hold
      - ATM Fee
- - - - Merchant Account
    - - Benefits
        
        cool hardware
        
        fast setup
        
        fixed pricing
        
        manager fraud
        
        other services
      - Drawbacks
        
        being sub-merchant
        
        higher price
        
        possible settlements delay
      - How makes money
        
        Hardware / Software
        
        Transaction Revenue
- - - - higher interchange rates
- - - - 1.0 - website redirect
        confirmation
      - 2.0 - in-app confirmation
- - - - Merchant is paid next day
      - Buyer pays later