According to Moody's Analytics published by Visa Inc.,1 greater usage of electronic card payment products added $983 billion in real U.S. dollars to the GDP of 56 countries they studied from 2008 to 2012.
This methodology is used in the presented case study to calculate the ROR of implementing a pressure sensitive snap-fit in an electronic payment terminal which is sold in a product service system business model.
This segment provides electronic bill payment and presentment services, debit and other card-based payment products and services, internet and mobile banking software and services, and other electronic payments software and services, including account-to-account transfers and person-to-person payments.
"Where there's a paper system, it's not that difficult to beat cash with an electronic payment," said Tim Attinger, Visa's head of global product innovation.
The Payments and Industry Products segment provides financial institutions and other companies with the products and services required to process electronic payment transactions.
ACI Worldwide, Inc. develops, markets and installs software products and services for financial institutions, retailers and electronic payment processors.
Precise information on type of coffee, time of sale, and number of products bought was recorded through the hospital's electronic payment system, which is linked to the individual's ID badge.
Additionally, the analysis covered the following product and service groups: mobile phones, air transport (transportation services), and electronic payment systems (financial services).
Its products include taxi automatic dispatch systems, bus location systems, voice packet transceivers, movement management systems, and electronic payment systems.
