Implementation of the Factory Design Pattern

I am developing a small application for my client and I tried to apply there Factory Method design pattern. I am not sure if I have done it correctly.

Basically I have an abstract class Scheme that is extended by concrete Schemes (AccountScheme, ContactScheme, OrderScheme etc.). Each class consists mainly of instance variables and a method responsible for transforming Scheme into actual system object (AccountScheme will be used eventually to create Account, ContactScheme to create Contact and so on).

I also have SchemeFactory class which has a static method createScheme taking two parameters - type of system object the Scheme should be able to transform into AND JSON String which will be parsed into the Scheme object itself.

And finally there is a ApiService class which handles Rest Requests and uses the SchemeFactory to create Schemes (using request body). The schemes are processed after that and at certain point if needed particular System Objects is created (using scheme) and inserted to database.

I believe the UML diagram (it is my first one) would look something like that: UML Diagram