How can BPMN be used to model a payment system?

BPMN (Business Process Model and Notation) can be effectively employed to model a payment system by providing a visual representation of the payment processes and activities involved. With BPMN, various payment-related activities such as receiving payments, processing invoices, conducting verification checks, initiating fund transfers, generating payment acknowledgments, and updating transaction records can be displayed in a clear and understandable manner. The use of BPMN allows system designers and stakeholders to visually map out the flow of activities, decisions, and data within the payment system, helping to identify potential bottlenecks, improve process efficiency, and ensure smooth and accurate transaction handling. Additionally, BPMN enables collaboration among different stakeholders involved in the payment system, allowing them to communicate and align their understanding of the processes, leading to better system design and implementation.

This mind map was published on 7 January 2024 and has been viewed 110 times.