Transaction types in e-commerce, Other Subject

Assignment Help:

TRANSACTION TYPES

A numeral of transaction category may be performing, together with the subsequent:

  • Sale: where the cardholder pays for goods or service
  • Refund: where a merchant repayment an previous payment made by a cardholder
  • Withdrawal: the cardholder extract funds from their account, e.g. from an ATM. The term Cash Advance may also be used, usually when the funds are superior by a merchant rather than at an ATM
  • Deposit: where a cardholder deposits funds to their own account (typically at an ATM)
  • Cash back: where a cardholder extract funds from their own account at the identical time as making a purchase
  • Inter-account transfer: transferring money between associated accounts belonging to the same cardholder
  • Payment: transferring funds to a third party account

      •  Enquiry: a transaction with no financial impact, for example balance enquiry, existing funds enquiry, associated accounts enquiry, or request for a statement of current transactions on the account

  • E top-up: where a cardholder can make use of a device (typically POS or ATM) to add funds (top-up) their pre-pay mobile phone
  • Mini-statement: wherever a cardholder exercise a device (typically an ATM) to get information of current transactions on their account
  • Administrative: this covers a range of non-financial transactions including PIN Change.

The transaction forms offered depend on the terminal. An ATM would present diverse transactions from a POS terminal.


Related Discussions:- Transaction types in e-commerce

Psychology life span and development, In this section we look at a form of ...

In this section we look at a form of thinking that goes beyond Piaget''s final stage. Considering that many people do not even achieve formal operational thinking, it might seem od

Meteorology, Meteorology: Meteorology is the interdisciplinary scientific ...

Meteorology: Meteorology is the interdisciplinary scientific study of the atmosphere. Studies in the field stretch back millennia, though significant progress in meteorology did n

Gender equality, Gender equality: Gender equality, is also known as sex eq...

Gender equality: Gender equality, is also known as sex equality or sexual equality or equality of the genders which implies that men and women should receive equal treatment unles

Sociology, According to Schaefer (2015), “a class system is a social rankin...

According to Schaefer (2015), “a class system is a social ranking based primarily on economic position in which achieved characteristics can influnce _______________,” the ability

Warehouse and distribution, Question 1 One subway station in Toronto has 6 ...

Question 1 One subway station in Toronto has 6 turnstiles, each of which can be controlled by the station manager to be used for either entrance or exit control – but never for bot

Multiplexer, How to impliment 32:1 mux using 16:1 mux

How to impliment 32:1 mux using 16:1 mux

Measurement tools, Select a specific patient/patient group. Identify the cl...

Select a specific patient/patient group. Identify the clinical problems they may have. Identify an appropriate measurement tools (or more than one tool) that may be used in the ove

Macros, Do you have experts writing macros in excel?

Do you have experts writing macros in excel?

Explain safe use of the mobile tower scaffold, Question: A 15 years old...

Question: A 15 years old, two story building, used as a warehouse, has its corrugated roofing sheets damaged and needs replacement. A mobile tower scaffold is made available to

Farming, Most important effects on farming?

Most important effects on farming?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd