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COUNTERPARTIES
Cardholder
Merchant
USD
American Express Network
PREPAID DEBIT
1. Amex holds $10 prefunded account for Cardholder
2. Cardholder initiates $5 payment
3. Amex debits $5 from Cardholder account
4. Amex credits $5 to Merchant account
5. Merchant receives settled USD
PUSH/CREDIT TRANSFER
1. Alice sends a request to Bank A “Pay Bank B $5 for the benefit of Bob”
2. Bank A verifies Alice’s identity and adequacy of Alice’s funds
3. Bank A notifies Bank B of the payment
4. Bank B verifies Bob has an account
5. Bank B sends confirmation to Bank A
6. Both banks send confirmation to their respective customers// contracts/XFTRoutingFactory.sol:XFTRoutingFactory
// contracts/XFTRoutingFactoryV2.sol:XFTRoutingFactoryV2
// contracts/XFTRoutingFactoryV3.sol:XFTRoutingFactoryV3
// contracts/XFTRoutingFactoryV5.sol:XFTRoutingFactoryV5
// contracts/XFTRoutingFactoryV6.sol:XFTRoutingFactoryV6