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this presentation is going to go over what we call the domains of payment what we want to do here is really pull apart the core elements of any transaction whether its a transaction at a physical world point of sale where I go up to a cash register and buy something or if its a transaction where were a government is sending me money like a Social Security check or my tax refund or where a business is providing an income payment and the many other contexts of payment in the payments industry people refer to the domains of payment when they want to talk about the distinct context in which payments take place the different context and the different variables involved in each make the act of payment different the payment will demand different technologies depending on the domain of payment the payment will have different characteristics depending on the domain and different risks and benefits associated with it and if you want further reading on this Id refer you to Carol Benson and Sc
